The Latest Breaking News from Economy

How America and Europe can turn trade tensions into climate progress.

NEW DELHI: The world's biggest economy grew by 2.9% in the fourth quarter (Q4), data released by the US commerce department showed on Thursday.

The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession

The U.S. economy grew at an annual rate of 2.9% in the final three months of last year — a surprisingly strong finish. But growth is expected to slow in 2023, and possibly even reverse.

Inside our shopping cart is a story of global trade, extreme weather, shrinking packages and rising prices.

The Yemeni government on Thursday stressed the need to accelerate the adopted reforms to protect the economy and the local currency. The cabinet asserted its commitment to rationalizing spending and ensuring that the population is not affected by the measures taken to increase revenues. Prime Minister Maeen Abdulmalik chaired a…

Pakistan has sought support from Washington to unlock a stalled International Monetary Fund programme that would release $1.1 billion to its strained economy as the country rebuilds after last year's devastating floods, Dawn newspaper said on Thursday.

NEOM will be a model for modern projects and cities that represent the focus of the new economy, said CEO Nadhmi Al-Nasr. It will do so by embracing many different companies and industries while attracting qualitative foreign investments. Al-Nasr pointed to NEOM’s efforts in implementing a circular economy based on…

Egypt's economy will grow 4.8 percent in the current fiscal year, faster than predicted by the government, but will not meet government targets over the medium term, a Reuters poll showed on Wednesday. The predictions follow the approval last month of a $3 billion financial rescue package from the International…