The Latest Breaking News from Economy

China’s economy shrunk from April to June compared to the first three months of the year.

Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles a turbulent economy and the rising phenomenon of TikTok.

The U.S. Federal Reserve hiked its benchmark interest rate by a further three-quarters of a percentage point on July 27, 2022.

Argentina's president will fire Economy Minister Silvina Batakis after just a few weeks on the job, Clarin newspaper reported on Wednesday citing official sources, as the country struggles with a growing economic crisis.

The Thai economy will continue to recover in the second half of this year, supported by all the indicators including private consumption and foreign tourist arrivals, says a Bank of Thailand executive.

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We are in the toughest period the world economy has faced since the creation of the multilateral system more than three-quarters of a century ago. A quadruple shock of Covid, climate change, conflict and cost-of-living has undone years of hard-fought development gains. As financial conditions tighten, even countries that had…

A tragedy is unfolding in Sri Lanka. The economy is paralysed, and because the country's debts are unsustainable, it cannot borrow. The country is suffering the world's worst economic crisis since World War II.

Facebook and Instagram’s parent company Meta posted its first revenue decline in history Thursday, dragged by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies