The Latest Breaking News from Economy

ECB cuts rates to boost eurozone growth, while Fed remains cautious amid strong US economy.

Around the world, cards and apps are the default way to pay – but nowhere is the transition away from cash more obvious than in Sweden. The Bank of Sweden notes that the amount of cash in circulation in the country has halved since 2007.

Annual increase in November driven by rising cost of petrol and groceries and hike in tobacco duty in budget

Starmer says more to do on economy so growth is ‘felt in the pockets of working people’; US Federal Reserve widely expected to cut interest rates by a quarter point

Stubborn inflation, exorbitant borrowing costs, bankruptcy risks and a growth slowdown: the Russian economy is facing a slew of negative headlines, as the costs of the Ukraine war and Western sanctions mount.

The US Federal Reserve is widely expected to cut interest rates by a quarter point on Wednesday and signal a slower pace of cuts ahead.

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards

We all have to buy things but is there a way to make your daily spending go further? 

The economy’s rebound won’t be as strong as anticipated and more government rebates seem to be pencilled for the coming year