The Latest Breaking News from Economy

Despite royalists claiming the Queen's Platinum Jubilee will help Britain's economy amid the cost of living crisis - the stats show a very different picture, argues Liam Gilliver

Germany's largest residential landlord Vonovia will increase rents if high inflation rates persist, its chief executive officer said, as consumer prices in Europe's biggest economy have reached the highest level in nearly half a century.

Egypt’s Finance Minister Mohamed Maait said his country is preparing to issue its first sovereign Sukuk (Islamic bonds) based on exclusively state-own assets. In a statement published on the government’s official Facebook page on Tuesday, Maait said the state-ownership policy document includes a national strategy to empower the private sector…

Analysis: The CBO’s latest budget and economic outlook, which describes recent strength in federal tax receipts, is a head-scratcher.

Australia’s economy edged closer back towards normal in the three months to March, growing by 0.8% in the quarter (which is towards the upper end of economic growth before COVID hit in early 2020) and 3.3% over the year to the March (which is somewhat higher than before the pandemic).

China’s reliance on the West and its capacity to withstand sanctions will be reduced if it has more control over the financial system. While it is working towards becoming less economically dependent on the West, it is not there yet.

Even as the European Union decided to reduce Russian crude oil imports by 90% by the end of the year, Italy has become the only country in Europe to increase them, an unintended consequence of EU sanctions against Russia. Meant to punish Russia for invading Ukraine, the EU oil embargo…

As the Russia-Ukraine war enters its 98th day, we take a look at the main developments.

The European Commission is likely to approve on Wednesday Poland's multi-billion-euro plan for rebuilding the economy after the COVID-19 pandemic, which has been blocked by a dispute over Warsaw's rule-of-law practices, EU officials said.