The Latest Breaking News from Economy

Consumer inflation in the United States held steady in July, data showed Tuesday, but underlying price increases picked up as President Donald Trump's sweeping tariffs ripple through the world's biggest economy.

Every generation gets a label, a reputation, and—if they're lucky—a catchy insult. Millennials were accused of "killing" everything from department stores to mayonnaise. Gen X got called slackers. And boomers? Well, lately they've been cast as the villains of the modern economy.

Walk down any of London’s shopping streets today and you’ll notice something missing – not the designer shops or beautiful window displays, but the international tourists. The visitors who once spent freely in our stores, stayed in our hotels, dined in our restaurants and enriched the whole economy are no…

Sources say delayed risk assessment includes modelling of effects of climate crisis in ways that have been little discussed in political debate so far

Authorities are resorting to desperate measures to remove Wet Wipe Island near Hammersmith Bridge. It’s fallen to the Port of London Authority, which once ran London’s docks, to remove the equivalent of 15 double decker buses of waste from the Thames.

Editor’s Note: The story has been updated to reflect the correct Toyota Motors ticker.

Rates alone are not the potential saviour, or otherwise, of our economy. For many, that saviour is productivity

The Reserve Bank of Australia lowered the official interest rate by 25 basis points to 3.60% at its meeting today, marking the third cut this year. The move follows reductions in February and May, and comes after a pause in July that surprised analysts and upset mortgage holders.

America's consumer engine is leaning harder than ever on the rich, with new Moody's data showing the top 20% of earners now account for more than half of all spending while outlays by middle- and lower-income households flatline.