The Latest Breaking News from Economy

The global financial crisis of 2008 dealt a blow to thousands of Indian laborers. They were set to join hundreds of thousands of compatriots providing the workforce for a construction boom in Dubai. Then the world economy spasmed, the price of oil tanked and international finance dried up. Hundreds of…

NEW DELHI: Foreign investors are showing increased interest in India, as Asia’s third-largest economy ramps up its manufacturing capacity and improves infrastructure, said Santanu Sengupta, chief India economist at Goldman Sachs Group Inc.

The UK’s sale of collapsed Bulb Energy to Octopus Energy will go ahead after it was approved by a London judge this afternoon

WASHINGTON — Aiming to avert a Dec. 9 railroad work stoppage estimated to cost the economy $2 billion a day, House and Senate leaders of both parties promised to pass legislation soon that would enact the White House’s rail union agreement that is opposed by most rail union workers.

Officials said the deal will guarantee Ukraine access to UK financial services as it rebuilds its shattered economy.

The prevailing take on the looming national rail crisis is that a few recalcitrant railroad unions are poised go on strike Dec. 9, provoking an industrywide labor walkout that would inflict a "crippling" blow to the U.S. economy.

President Joe Biden’s call for Congress to intervene in the railroad contract dispute undercuts efforts to address workers’ quality of life concerns and unions decried the move

China's recent steps to adjust Covid-19 controls and revive activity in the beaten-down property market stirred hopes that Chinese leader Xi Jinping is putting fresh emphasis on measures to support the economy, potentially leading to a strong rebound in growth next year.

The challenge of climate change and environmental degradation is an existential threat which is increasingly recognised in all corners of the globe. Its urgency is all the more pressing because it harbours ill for our children and the next generations in terms of their survival and modus vivendi, unless comprehensive…

Consumer confidence dropped month-over-month in November. However, it remains well above the mark, indicating a healthy economy. We think investors’ quality stocks, UnitedHealth Group (UNH) and Bristol-Myers Squibb (BMY), which have solid dividend-paying records, could help navigate the uncertainties. However, fundamentally weak Peloton Interactive (PTON) and Mullen Automotive (MULN) might…

Canada has long relied on strong immigration to fulfil the country’s demographic needs, expand its economy and support regional development.