The Latest Breaking News from Economy

Egypt’s Finance Minister Mohamed Maait called on the global insurance industry to actively contribute to Africa’s transformation into a green economy. He urged this industry to be a part of the solution to climate change by supporting investment in green projects. Maait made the remarks during his participation in the…

City Voices: Candidates for PM must drop dogmatic approach to tax

Russia's Feb. 24 invasion of Ukraine has left tens of thousands of dead, displaced millions and sown economic strife across the world.

As he had promised to do almost since the day he became treasurer, Jim Chalmers has presented a gloomy set of forecasts for the Australian economy in his first formal economic statement to the new parliament on Thursday.

Finance guru Eddie Hobbs previously warned a 'firestorm' recession in autumn is 'likely'

GDP shrank for a 2nd quarter in a row. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. Parts of the economy are clearly struggling.

Neither has the first idea of what they’re doing. Truss’s proposal does little for those who need it, and Sunak’s is a desperate U-turn, says Larry Elliott, the Guardian’s economics editor

Gaza’s Hamas rulers have imposed a slew of new taxes on imported clothes and office supplies just ahead of the new school year, sparking limited but rare protests in the impoverished coastal strip. The move by the armed group comes at a time when Gaza’s 2.3 million people are suffering…

Saudi Arabia and Greece have revealed a strategic partnership between the private sectors in the two countries to work on a cable project that will ensure the smooth digital supply of data worldwide at a time when data traffic is growing by more than 30 percent. The partnership was announced…

After going backward from January through March, the U.S. economy probably didn’t do much better in the spring

Shares are mostly higher in Asia after the Federal Reserve ratcheted up its campaign against surging inflation by raising its key interest rate three-quarters of a point