The Latest Breaking News from Economy

By Z Halliwell Self-employment and the gig economy have seen a rise in popularity as alternative employment in recent years. In fact, there are currently 53 million freelancers in America right now - making up an incredible 34% of the overall workforce. Which begs the question: if freelancing is the future…

Gov. Gavin Newsom is proposing a temporary tax cut for California's ailing marijuana industry, but businesses say it falls short of what's needed to revive the shaky pot economy

COVID-19 didn’t spare workers in manufacturing, but two years on, information about their deaths remains hard to find

Newcastle Herald readers have their say

U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia's invasion of Ukraine affects Poland's economy as part of a week-long trip that also will take her to Brussels and a G7 finance leaders meeting in Germany.

Due to various macroeconomic and geopolitical concerns, the stock market has remained volatile since the beginning of the year. Major indices have been pushed into correction territory, and the U.S. economy is on the edge of a recession. Amid the current environment, renowned investor Warren Buffett’s top portfolio holdings could…

Hungary's government is "holding European Union decision makers hostage" by refusing to join an EU-wide embargo on Russian oil, according to Lithuania's foreign minister. This comes as EU leaders continue their efforts to gather support for a sixth sanctions package on Russia from all 27 EU member states. The government…

Aluminum available for withdrawal at London Metal Exchange warehouses fell to a record low. Still, the latest sign of supply shortages isn’t enough to break the pessimistic sentiment that is ruling metals markets as demand worsens, writes Bloomberg. On-warrant aluminum inventories fell 9.7% to 260,275 tons, breaking a record set in…

The Royal Ploughing Ceremony was held on Friday morning at Sanam Luang, Bangkok, marking the traditional start of the rice-growing season. The ceremony, presided over by Their Majesties the King and Queen, predicted abundant water and a prosperous economy for 2022.

With inflation set to reach 10% and wages falling short, ministers can’t ignore the crisis affecting ever more voters, says the IPPR’s Carys Roberts

Malaysia’s economy grew at a faster-than-expected pace in the first quarter of the year, vindicating the central bank’s hawkish pivot to fight inflationary pressures.