The Latest Breaking News from Economy

THE Bank of England has been forced to step in following the collapse in the value of the pound after Chancellor Kwasi Kwarteng’s “mini…

'I think they could bankrupt the UK economy in the next two years'

China’s recent debt buildup following the Covid-19 pandemic has researchers from the Federal Reserve Bank of New York wondering if the country can avoid a financial crisis in the years to come.

The fallout from Kwasi Kwarteng’s “mini-budget” is far from over. The International Monetary Fund has criticised the “untargeted fiscal packages” and suggested the Chancellor had an opportunity in November to “re-evaluate the tax measures”. This is highly unusual language, particularly directed at a major economy such as the UK.

'The Bank of England stands ready to restore market functioning and reduce any risks from contagion'

A free trade agreement between Israel and South Korea will go into effect on Dec. 1, Israel's Economy Ministry said on Wednesday, in a move expected to lower the prices of Korean-made cars, toys, video game consoles and soy sauce.

The airline chief said the move could potentially bankrupt the UK economy in the coming years.

LIZ Truss’s days as Prime Minister could be numbered less than a month after she entered No 10 – with a rebellion brewing among Tory MPs as the…

The Bank announced it was stepping in to buy Government bonds - known as gilts - at an "urgent pace" after fears over the Government's economic policies sent the pound tumbling and sparked a sell-off in the gilts market.