The Latest Breaking News from Economy

Queensland Treasurer Cameron Dick will hike taxes on big businesses, gambling companies and coal miners to fund more hospital beds and mental health programs.

Reserve Bank governor Philip Lowe says a recession in Australia is not on his horizon, but after the past two years nothing can ever be ruled out.

NEW DELHI: India is facing near-term challenges in managing its fiscal deficit, sustaining economic growth, reining in inflation and containing the current account deficit but the country is relatively better placed to weather these headwinds compared to other nations, the finance ministry said in its monthly economic report.

It is expected that the development will create around 143 jobs during the construction phase and generate over £18m of gross value to the city’s economy

PITTSBURGH — With inflation the highest it's been since the early 1980s and Americans feeling the pain of a downtrodden economy, Democrats in Pennsylvania — a state with two of the most high-profile races in the country — are hoping to convince voters that they should be an exception to…

The Australian share market has dropped by more than 15 per cent from its record high, sliding closer towards a bear market. Some investors may be tempted to "buy the dip", but analysts say there is "further downside" ahead.

Australian shares have struggled for momentum on Monday after falling to their worst week in more than two years as energy and mining stocks countered gains in banks.

Banks are continuing to incorporate environmental, social and governance (ESG) factors into their business operations in a push for a sustainable transformation of the economy.

WASHINGTON — Treasury Secretary Janet Yellen said that “unacceptably high” prices are likely to stick with consumers through 2022, and that the U.S. economy is likely to slow down.