First shipment of Russian gas arrives in Pakistan
Pakistan has received its first shipment of Russian gas, under a deal struck between the two countries earlier this year. The government hopes it will help ease an energy shortage as oil and gas prices are rising around the world. But ex...
Economic impact of a prolonged UAW strike
If the United Auto Workers strike proves to be prolonged, the economic impact could be felt well beyond the motor-vehicle industry according to Bloomberg Economics. It found that each UAW striker could cost five other people their jobs.
U.S. braces for government shutdown amid impasse
An impending U.S. government shutdown now seems to be a foregone conclusion unless a last-minute deal can be reached between hold-out far-right Republicans and House Speaker Kevin McCarthy.
Student loan borrowers prepare to resume repayments
The U.S. Department of Education estimates 43 million people in the country owe a collective $1.6 trillion in federal student loan debt. Repayments are set to begin Sunday for the first time since the start of the pandemic.
Hong Kong woos tourists to revive economy
Hong Kong has held its first Dragon Dance festival, since it dropped pandemic restrictions earlier this year. The Chinese self-governing territory is trying to draw back tourists to help its battered economy.
Mexican goods stuck at U.S border amid migration checks
Long lines of trucks remain stuck in Mexico. Trade across the U.S.-Mexican border has been slowed after U.S. authorities shut down crossings and imposed extra security checks amid an increase in migration.
What's the cost of a government shutdown?
Much of Washington, D.C., is starting the countdown clock to a possible government shutdown at the end of this week. And while the U.S. has had government shutdowns in the past, this one just might be the costliest.
How the 'super peso' hurts Mexicans
The 14% appreciation of the Mexican peso against the dollar so far this year has eroded the value of remittances received by 11 million people in Mexico. With the first signs of inflation being contained, the Bank of Mexico is expected t...
Life in South Africa's 'hijacked' buildings
Seventy people died last month in Johannesburg when a fire gutted a 'hijacked' building, drawing attention to the lack of affordable housing. Many of South Africa's poor live in similar rundown properties, which are controlled by armed g...
Bank of England halts interest rate hikes
The Bank of England stopped its long run of interest rate hikes on Thursday as Britain's economy slowed. It was the first time since December 2021 the bank didn't raise borrowing costs.
U.S. jobless claims fall to eight month low
Initial unemployment claims in regular state programs fell to 201,000 in the week ending September 16, the lowest level since January. Michael McKee has the details on Bloomberg Television.
Federal Reserve expected to halt interest rate hikes
After raising interest rates more than a dozen times over the past year and a half, officials with the U.S. Federal Reserve are expected to hold off on yet another rate hike when they meet again Wednesday.Over the past 18 months, interes...
UK inflation unexpectedly falls to 18 month low
Britain's inflation rate fell unexpectedly to the lowest level in 18 months, easing pressure for further interest-rate increases from the Bank of England. Lizzy Burden reports on Bloomberg Television.
UK inflation sees surprise drop in August
Inflation across the UK fell unexpectedly in August to its lowest level since Russia launched its invasion of Ukraine, raising hopes that the Bank of England may pause interest rate hikes after another one on Thursday.
U.S national debt surpasses $33 trillion for first time
The U.S. national debt exceeded $33 trillion for the first time ever this week, according to the Treasury Department. By comparison, that figure hovered around $907 billion just four decades ago. The country has also added an additional ...
Chinese wedding planners worry as business slumps
COVID wasn't kind to wedding planners in China, where marriages are traditionally elaborate, expensive affairs, but the industry estimated at almost $500 billion is now facing a bigger threat: a plunge in the number of couples willing to...
Student loan repayments set to restart in October
Federal student loan borrowers will have to begin repaying their loans in October for the first time since the pandemic pause.
Public confidence in Bank of England hits new low
A Bank of England survey of household attitudes finds that UK public confidence in the central bank has plunged to a record low amid the cost-of-living crisis and soaring interest rates. The survey finds only 19% are satisfied with the B...
Home prices expected to remain high
If you're in the market for a house, you might have noticed that prices in your neighborhood are still high. The supply of homes that are available for sale right now is the lowest in more than 25 years. Experts say the current housing m...
Ukraine to sue three countries over food import ban
Ukraine plans to sue Poland, Hungary and Slovakia over bans on Ukrainian agricultural products, Ukrainian officials said on Monday. The appeal could be sent "in the near future", a senior official said, and followed a decision by the thr...
Erdogan asks Musk to build Tesla factory in Turkey
Turkish President Tayyip Erdogan asked Tesla CEO Elon Musk to build a Tesla factory in Turkey, the country's communications directorate said on Monday (September 18).
China gathers support to 'shake up' world economy
Government officials from more than 100 countries have ended a two-day summit of the Group of 77 and China in Cuba. They called for a shake-up of the global economic order. Among their priorities is access to science and technology to sp...
Bulgaria lifts ban on Ukraine grain imports
Bulgaria has decided not to extend a ban on Ukrainian grain imports set to expire this week. The ban was imposed by the European Commission at the request of five eastern EU nations. Russia's invasion of Ukraine has closed off Black Sea ...
Argentines struggle as inflation hits 124 percent
Argentina's annual inflation rate shot up to 124%, adding to the South American country's economic woes and leaving Argentines struggling in their day-to-day lives.
Inflation soars in Argentina as election nears
The inflation rate in Argentina has passed 120 per cent, the highest it has been in more than 30 years. Ahead of next month's presidential election, the central bank has said inflation could reach 169 percent by the end of the year.
Poland threatens to extend Ukraine grain import ban
A temporary EU ban on Ukrainian grain imports, introduced after Poland and four other eastern EU countries complained about cheap Ukrainian produce flooding the market, is set to expire on September 15. Warsaw now not only wants to exten...
Ukraine sees growth in deceiving military equipment
The war in Ukraine has led to rapid growth in industries supplying products and equipment to the military. Among the more obscure products are decoys meant to deceive the enemy and stop them from launching attacks on real guns and vehicles.
London room rent over £1,000 a month
The average rent for a single room in London has surpassed £1,000 ($1,246) a month for the first time, rising 15% from a year ago, according to data compiled by SpareRoom.
Explained: Who do sanctions hurt really?
Sanctions are meant to end wars, weaken warmongers, prevent nuclear weapons manufacturing and transform dictatorships into democracies. But do they? And who do they hit hardest?