The Latest Breaking News from Economy

US lawmakers say the embattled bank Credit Suisse has violated the terms of a plea deal related to tax evasion. A two-year investigation suggests the lender has continued to conceal the bank accounts of wealthy Americans. Meanwhile, UBS has brought back former CEO Sergio Ermotti to lead its takeover of…

May WTI crude oil (CLK23 ) on Wednesday closed down -0.23 (-0.31%), and May RBOB gasoline (RBJ23 ) closed down -4.32 (-1.61%). Crude oil and gasoline prices Wednesday fell back from 2-week highs and posted moderate losses on concern about a slowing economy. Weekly EIA distillate stockpiles unexpectedly declined, which...

Germany's governing coalition on Tuesday presented the results of 30 hours of negotiations aimed at resolving a dispute that has threatened to hold up major policy initiatives in Europe's largest economy. Here are the main conclusions:

The failure of Silicon Valley Bank on March 10, 2023, came as a shock to most Americans. Even people like myself, a scholar of the U.S. banking system who has worked at the Federal Reserve, didn’t expect SVB’s collapse.

CBI Scotland argues that the uplift can’t mask ongoing challenges facing the economy

But the EY Item Club Scotland forecast said interest rates could be cut later this year, providing a boost.

A coalition of international companies, including Google and Microsoft, on Wednesday denounced anti-LGBTQ legislation passed by Uganda's parliament last week, warning it would damage the East Africa country's economy.

London faces a near £2 billion hit to its economy if climate change causes temperatures to soar by 2 degrees by the end of the century, a new report has warned.

El-Erian warned “fallout” from recent banking stress is adding to pressure on the economy.