The Latest Breaking News from Economy

The agenda of the World Economic Forum in Davos has been dominated by the war in Ukraine and its implications for the global economy and supply chains. Volkswagen CEO Herbert Diess spoke to our Business Editor Kate Moody on the sidelines of the event. He warned that a "long-lasting" war…

The United States will not block China from growing its economy, but wants it to adhere to international rules, Secretary of State Antony Blinken said on Thursday in a long-awaited speech on U.S. strategy to address China's rise as a great power.

Colombia's economy must grow by more than 5% per year and the government should fund a basic income for the poorest households if the country is to tackle deep inequality, center-right presidential candidate Federico Gutierrez said on Wednesday.

Entrepreneurship is the backbone of any free-market economy. Globally, small and medium-sized businesses represent roughly 90 per cent of businesses and employ over 50 per cent of the workforce. They also contribute about 45 per cent to gross domestic product (GDP).

Federal Reserve officials agreed when they met earlier this month that they might have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which has reached a four-decade high

On Tuesday, the Iowa Attorney General's Office stated that Ford Motor Company (NYSE: F) would pay $19.2 million to resolve allegations that it falsely represented real-world fuel economy and payload capacity for various hybrids and pickup trucks, 

The war in Ukraine and its impact on the global economy continue to dominate discussions at the World Economic Forum in Davos, Switzerland. Business Editor Kate Moody has been speaking with Paolo Gentiloni, EU Commissioner for the Economy, about Europe's ongoing efforts to wean itself off Russian energy.

The UAE government has launched the "Markets of Tomorrow" initiative, in partnership with the World Economic Forum (WEF). The initiative aims to develop new business accelerators that will prepare the UAE's national economy to embrace business activities focused on the new economy and boost its readiness to enter tomorrow's markets,…

The Saudi delegation participating at the annual meeting of the World Economic Forum (WEF) in Davos 2022 met with the founder and CEO of the Forum Klaus Schwab and the President of WEF Borge Brende. During the meeting, opportunities to strengthen the partnership between the Kingdom and the Forum were…