The Latest Breaking News from Economy

The Bank of England have announced today that the UK is facing its longest recession since the 1920s, but what does that actually mean?

‘We do not see it going into recession,’ White House says

It said the hiring freeze is in response to the economy being "in an uncertain place."

Cutting during a recession has been long discredited, says Guardian columnist Polly Toynbee

Australia star Pat Cummins has struggled at the T20 World Cup, taking just three wickets at an average of 36.66 and an economy rate of 9.16, and Ricky Ponting has suggested he should be axed

The Biden administration has extended an olive branch to Venezuela. It might sway Caracas to resume talks with the opposition for elections, and eventually let Venezuelan oil back on the world market.

Central bank raises key rate to 3 percent, warns UK economy is in a recession that could last two years.

The Federal Reserve announced its fourth consecutive 75-bps rate hike yesterday. As the chances of the economy falling into a recession are tightening, fundamentally strong and resilient stocks Merck & Co (MRK), Biogen (BIIB), and Kroger (KR), which are rated Strong Buy in our proprietary rating system, could be safe…

LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989, but it pushed back against expectations for further steep hikes, saying Britain faces a painful recession that could last two years.