The Latest Breaking News from Economy

The Chancellor is expected to announce tax rises, service cuts, changes to benefits and pensions and changes to energy bills

The government’s own arbitrary target is the source of this ‘shortfall’, says James Meadway of the Progressive Economy Forum

Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades

Deliveroo’s decision to quit the Australian market, after what have been boom times for food delivery platforms, may seem surprising. But the writing has been on the wall for some time.

The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predicted overall effects of the government’s policies on the economy. This is something the Liz Truss government studiously avoided…

Fewer than one-third of the Southeast Asian nation’s micro, small, and midsize enterprises have undergone digitization

Liz Truss’s short-lived government presided over an even shorter-lived economic experiment in “Trussonomics”. As investors responded to September’s mini-budget by demanding higher interest premiums to purchase UK debt, the government was unable to execute its plans. Truss was reduced to a helpless bystander as her new chancellor, Jeremy Hunt, started…

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Italy's new prime minister Giorgia Meloni needs urgently to rein in a bloated pension system which absorbs most social spending and looks increasingly unsustainable in the face of surging inflation.

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz and his Indonesian counterpart, Arifin Tasrif, have signed a memorandum of understanding (MoU) for cooperation between their two countries in the fields of energy on the sidelines of the G20 summit held in Bali. The Saudi Press Agency said Wednesday…

Most members of the Group of 20 (G20) nations on Wednesday deplored the war in Ukraine in the strongest terms, saying the conflict was “hurting the global economy.” "Most members strongly condemned the war in Ukraine," the declaration said. The declaration acknowledged “there were other views and different assessments” and…