Economy News - LeadStory

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Canada's inflation rate rose to 1.9% in August

Canada's annual inflation rate rose to 1.9% in August, Statistics Canada said on Tuesday. Gas prices, which dropped at a rate of more than 16 per cent in July, were still declining in August — but at a slower pace than they had previousl...

CBC News

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Why the Fed is expected to cut rates for the first time in 2025

The Federal Reserve's upcoming rate decision is shaping up to be its most consequential of the year, with most economists predicting the first cut of 2025.

CBS America

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Dangote refinery makes landmark U.S. gasoline delivery

In a significant milestone for global energy markets, Nigeria’s massive Dangote refinery has successfully exported its first shipment of gasoline to the U.S., with commodities giant Vitol and North American distributor Sunoco taking deli...

Africanews

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Fed meeting begins as pressure mounts for interest rate cuts

The Federal Reserve begins its two-day meeting on Tuesday amid renewed pressure from President Donald Trump to cut interest rates. Madison Mills, a senior markets reporter for Axios, joins with more.

CBS America

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Nepal's deadly protests hammer tourism sector as arrivals fall 30%

Nepal’s deadliest protests in decades erupted just as the country entered its peak tourist season, dealing a blow to businesses that had been preparing to welcome trekkers from around the globe to experience its world-famous trails.

Reuters

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Polls open in Malawi's election as economic crisis grips country

Malawi holds a presidential election as the African country continues to grapple with an economic crisis and food and fuel shortages

Africanews

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Carney’s first budget expected to include ‘substantial’ deficit

On the first day of a new sitting of Parliament, Prime Minister Mark Carney faced questions about how the fall budget will cover the cost of recent government spending, which has created a ‘substantial’ deficit.

CBC News

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Morocco's quake survivors frustrated amid World Cup spending

Two years on from Morocco's 6.8-magnitude quake, the pace of recovery efforts has frustrated many victims. Critics point to a contrast in the country's investments in stadiums ahead of the 2030 World Cup.

Reuters

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Lebanon's tourism industry battles to recover from years of war

Summer in Lebanon usually brings hundreds of millions of dollars into the economy, with both expats and tourists visiting the country. But the past five years of economic crisis and war have meant disappointing numbers for merchants.

TRT World

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Inflation, cost of living top agenda ahead of Malawi general election

Malawi will hold a presidential election on Tuesday as the African country continues to grapple with an economic crisis and food and fuel shortages.

Africanews

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Trump says NATO must stop buying Russian oil

President Trump signaled a new position on Russia's war with Ukraine. He said the U.S. will agree to additional sanctions on Moscow, but only when NATO allies stop buying Russian oil. Willie James Inman has more details.

CBS News

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Fitch downgrades France's credit rating in new debt blow

The Fitch agency downgraded France's credit rating on Friday, as President Emmanuel Macron struggles with political instability and disagreements on how to put the country's strained public finances in order.

France 24

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Inflation fears drive falling consumer sentiment

New data shows Americans are feeling increasingly concerned about the state of the economy. A survey reveals that consumer sentiment fell in September for the second consecutive month.

CBS America

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ECB’s Patsalides says euro-area inflation risks remain balanced

European Central Bank official Christodoulos Patsalides says risks to euro-area inflation are “balanced.” Speaking in Frankfurt, he highlighted the outlook for the region’s economy, indicating neither significant upside nor downside pres...

Bloomberg

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JPMorgan says stock and bond rally can continue ‘for a while’

Julio Callegari of JPMorgan Asset Management says stocks and bonds could continue rising due to a “Goldilocks” economic environment. He discussed the market outlook on Bloomberg, highlighting conditions that may support ongoing gains in ...

Bloomberg

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Inflation rises nearly 3% as new data signals labor market strain

The latest Consumer Price Index shows prices climbed nearly 3% over the past year, raising fresh concerns about inflation pressures. Alongside the increase, new data pointed to warning signs in the labor market, highlighting challenges f...

CBS America

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U.S. consumer inflation increase in August, jobless claims surge

The Consumer Price Index rose 2.9% in August compared to a year earlier, moving away from the Federal Reserve's 2% annual target. Jobless claims also rose to the highest level since October 2021. CBS News' Kelly O'Grady breaks it down.

CBS America

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ECB expected to keep interest rates unchanged

The European Central Bank is set to leave interest rates on hold. The deposit rate will be held at 2%, according to economists. New ECB forecasts are likely to show economic growth gradually picking up and inflation at target over the me...

Bloomberg

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Trump escalates attacks on BLS amid jobs report revisions

The Bureau of Labor Statistics (BLS) revised its jobs report to show that the U.S. added 911,000 fewer jobs than previously reported between March 2024 and March 2025. Meanwhile, President Trump continued his attacks on the agency's data...

CBS America

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Producer price inflation report shows slight dip

The Producer Price Index fell by 0.1% in August, according to new data released Wednesday, fueling the push for an interest rate drop. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.

CBS America

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Trump urges EU to impose 100% tariffs on China and India, sources say

U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat.

Reuters

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UN humanitarian chief warns of imminent funding crisis in Haiti

The UN Humanitarian Affairs chief in Haiti warned on Tuesday that not enough is being done to support humanitarian efforts and that funds could run out by the end of the month.

Africanews

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Iran's nomad community: Women struggle for sanitation

In Iran's remote plains and mountains, nomadic women endure life without access to proper toilets and clean water. Despite being vital to Iran's economy, these nomads face a daily struggle for basic sanitation and hygiene.

DW News

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What a major downward revision in U.S. jobs means for the economy

The Bureau of Labor Statistics released updated hiring numbers from April 2024 through March of 2025, showing employers added 911,000 fewer jobs that initially recorded over those months.

CBS America

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Will the Fed cut interest rates by half a point?

Revised data from the Bureau of Labor Statistics showed the U.S. economy added nearly a million fewer jobs for the 12 months that ended this past March than previously reported.

CBS America

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Mali fuel blockade sparks fear and economic strain

Now, as fuel trucks burn on the roads leading into the capital, many Malians fear that beyond the violence, the insurgents are waging economic warfare aimed at suffocating the country.

Africanews

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U.S. jobs growth revised down by 911,000

The Bureau of Labor Statistics said the U.S. labor market added 911,000 fewer jobs between April 2024 and March 2025. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.

CBS America

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Economic impact of France's political crisis

French President Emmanuel Macron is seeking his fifth prime minister in less than two years after opposition parties united to oust centre-right Prime Minister François Bayrou over his unpopular plans for budget tightening.

France 24

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Pakistan floods disrupt Sialkot’s global exports and supply chains

Sialkot in Pakistan is world-famous for its sports goods and surgical tools. Industries there export billions of dollars’ worth of products each year. But recent floods have left streets under water, factories idle and supply chains disr...

Al Jazeera

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Behind the steep decline in young mothers leaving the workforce

For six years, Mackenzie Bruegge worked in medical billing. But with two young children at home, she says the math just didn't add up. Her decision to quit reflects a national trend.

CBS America