The Latest Breaking News from Economy

WASHINGTON — China’s assertive diplomacy in recent years has “backfired” and Beijing now seeks a more predictable relationship with the U.S. as the country’s economy slows and the government tries to loosen its strict COVID-19 curbs, the Biden administration’s top Asia official said.

Chicago attracted a lot of investment over the past decade, but how well its economy serves residents depends a lot on where they live. Between 2010 and 2020, neighborhoods where most residents are Black received a fraction of the overall investment recorded in mostly white neighborhoods, according to a new…

The loss of the country’s only oil refinery is already hurting the economy with the threat of grounded planes this summer – and that's just the start, argues Simon Terry.

However, Invest NI denied the claims, saying that they've helped add £232m into the region’s economy in the last five years

GLOBAL economists and comedians will be heading to Dundee next year to discuss Scotland's place in a globalised economy at the first economic…

After four and a half months, Kerala’s fisherfolk on Wednesday “temporarily halted” their protest against the expansion of the Vizhinjam port in Thiruvananthapuram. The fisherfolk fear the Rs 7,525-crore project, controversially awarded to a Gautam Adani company by the previous Congress-led state government in 2015, will ruin their ecology, livelihoods…

The Fed indicated a slowdown in its rate hike pace ahead, boosting investors' optimism. Moreover, the economy is showing resilience in the face of macro headwinds. As December is known to be a strong month for the stock market, investors could load up on fundamentally solid stocks, Microsoft (MSFT), Bristol-Myers…

The son of a former president of Mozambique has been sentenced to 12 years in prison after being found guilty, along with 10 other people, on charges related to a corruption scandal in which the government concealed large debts, crashing the country's economy.

Markets will likely remain extremely volatile ahead of the November Consumer Price Index (CPI) report and the Fed’s December policy decisions. Overall, the odds of the economy sliding into a recession are increasing. Given the uncertain economic backdrop, we think it could be wise to invest in fundamentally strong stocks…