Economy News - LeadStory

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BRISBANE OLYMPICS TO HAVE 'NET ZERO' COST FOR TAXPAYERS

Andrew Liveris, Lucid Group chairman, pledges the 2032 Brisbane Olympics will come at zero cost to host-country Australia's taxpayers. Liveris discusses his role as president of the organizing comm...

Bloomberg

Recent

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MODI WANTS INDIA A 'DEVELOPED NATION' BY 2050

Celebrating India's 75th anniversary of independence from British rule, Modi said he would encourage private investment in the country.

EuroNews

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RISING COSTS PUTS SQUEEZE ON UK'S EDINBURGH FESTIVAL

The Edinburgh Festival Fringe, the world's largest arts festival, has long been a platform for acts that have not yet made it big. But the rising cost of living is sidelining many artists who canno...

Al Jazeera

Older

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U.S INFLATION COOLS

U.S inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates. The con...

Al Jazeera

Older

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HOW SRI LANKANS ARE COPING WITH POLITICAL AND ECONOMIC TURMOIL

CBC's Salimah Shivji gives an inside look at how the political and economic unrest in Sri Lanka is hurting everyday people.

CBC News

8 days ago

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THE REGIONS PROFITING MOST FROM THE ENERGY CRISIS

The oil-rich US state of North Dakota is seeing an uptick in drilling due to the energy crisis. Wary of sustainable alternatives, people hope it'll provide a long-term boost to the oil industry, an...

DW News

8 days ago

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SRI LANKA STRUGGLES AMID ECONOMIC COLLAPSE

Sri Lankan citizens say they're struggling to make ends meet amid an economic crisis and sky-high inflation.

CBC News

10 days ago

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U.S. SENATE PASSES INFLATION REDUCTION ACT

The U.S. Senate passed the Inflation Reduction Act — a legacy-shaping bill for the administration of President Joe Biden, that includes $369 billion US in clean energy investments as well as provis...

CBC News

10 days ago

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GERMANY SET TO BECOME WORLD'S THIRD-LARGEST MILITARY SPENDER

Germany is gearing up to become the world's third-largest military spender after the United States and China. As NATO members ramp up military spending after the Russian invasion of Ukraine, a Germ...

Al Jazeera

14 days ago

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WATER LEVEL OF THE RHINE RIVER RUNS DANGEROUSLY LOW

Water levels on the Rhine River are set to fall perilously close to the point at which it would effectively close, halting the flow of everything from fuel to chemicals. Europe is already facing it...

Bloomberg

14 days ago

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COULD THE USD BE REPLACED AS THE WORLD'S CURRENCY?

The power of the dollar as the world’s premier reserve currency gives the US far-reaching advantages over its rivals. But with Russia and other BRICS nations signalling their intention to challenge...

EuroNews

15 days ago

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CLIMATE EXPERT EXPLAINS IMPACTS OF GLOBAL HEAT WAVES

"If you've got an extreme weather event like this killing hundreds of people, the right way to describe it is a natural disaster". Climate researcher Bob Ward argues that the UK's heat wave is dang...

Bloomberg

15 days ago

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NEW YORK'S SURGING RENT PROBLEM

Inflation and the pandemic have led to skyrocketing rents in NYC. Many locals are being priced out of the market, while evictions and homelessness are on the rise. But people are starting to take a...

DW News

15 days ago

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INDIA FLOUTING RUSSIAN SANCTIONS AS TRADE SURGES

Trade between St. Petersburg and Mumbai that used to travel via the Baltic Sea and the Suez Canal will now have an alternative. The new and shorter route circumnavigates sanctions, and is being wel...

DW News

15 days ago

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JOE MANCHIN PITCHES SINEMA ON CLIMATE-TAX BILL

Senator Joe Manchin took to the Sunday talk shows to make a public pitch to his colleague Kyrsten Sinema to get on board with the Democrats' new tax, climate and drugs bill. Annmarie Hordern report...

Bloomberg

17 days ago

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U.K. WORKERS STRIKE IN MULTIPLE INDUSTRIES

The UK faces strikes across numerous industries this month as unions look to win pay raises for workers amid a cost-of-living crisis. Lizzy Burden reports on Bloomberg Television.

Bloomberg

17 days ago

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BITCOIN SLIPS AFTER BEST MONTH IN 2022

Bitcoin declined Monday after registering a 27% gain in July, which made for the largest cryptocurrency's best month since October. Emily Nicolle reports on Bloomberg Television.

Bloomberg

17 days ago

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U.S CITIES HIT BY GIANT RENT RISES

Internationally, New York, Singapore and London are among the cities that have seen the biggest increases so far this year. Across the United States, monthly asking costs are up 15 percent compared...

Al Jazeera

17 days ago

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SANCTIONS 'CATASTROPHICALLY CRIPPLING' RUSSIAN ECONOMY

A Yale university study has found that western sanctions and the mass exodus of global companies are "catastrophically crippling" Russia's economy.

EuroNews

20 days ago

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ARGENTINA: PROTESTS AS ECONOMIC CRISIS DEEPENS

On Thursday, thousands of people demonstrated in Buenos Aires for a "universal salary" worth 67,000 pesos (around $490 at the official exchange rate), which amounts to the cost of two basic food ba...

France 24

20 days ago

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U.S HEADING FOR RECESSION

The U.S. economy shrank for the second straight quarter, meeting the bar of what some say is a technical recession. But with incomes high and unemployment rates low, U.S. President Joe Biden insist...

CBC News

20 days ago

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GARY MAYOR CALLS GUARANTEED INCOME PILOT "A SUCCESS"

The city of Gary, Indiana has completed a guaranteed income pilot program, sending monthly stipends to residents for the past year. The city's mayor, Jerome Prince, joined FOX 32 News at 4 to talk ...

Fox News

20 days ago

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BIDEN CALLS DEAL WITH SENATOR MANCHIN A "GODSEND"

President Joe Biden declared his support Thursday for the "historic" inflation-fighting agreement struck by Senate Majority Leader Chuck Schumer and holdout Democratic Sen. Joe Manchin, an expansiv...

Newsy

20 days ago

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U.S. ECONOMY SHRINKS FOR A SECOND QUARTER

Gross domestic product fell at a 0.9% annualized rate after a 1.6% decline in the first three months of the year, the Commerce Department's preliminary estimate showed. Mike McKee reports on "Bloom...

Bloomberg

20 days ago

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FED HIKES RATES FOR SECOND STRAIGHT MONTH

The Federal Reserve on Wednesday raised interest rates by 75 basis points for the second time in as many meetings as the US central bank doubled down on fighting the highest inflation in more than ...

Al Jazeera

21 days ago

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THE REAL LIFE IMPACT OF THE FED'S RATE HIKE

The Federal Reserve is bumping up interest rates again in an effort to curb inflation, as economists and Americans coast to coast worry about a recession. The more-expensive borrowing rate is expec...

Newsy

21 days ago

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WHY TENS OF THOUSANDS OF FLIGHTS ARE BEING CANCELLED

Tens of thousands of last-minute flight delays or cancellations that have been happening this year. Maybe you've experienced one yourself. But what you may not know is that these cancellations are ...

Newsy

21 days ago

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FEDS RAISES INTEREST RATES BY 75 BASIS POINTS

Federal Reserve officials raised interest rates by 75 basis points for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation -- bu...

Bloomberg

21 days ago

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FED'S POWELL SAYS U.S. GROWTH NEEDS TO SLOW DOWN

Federal Reserve Chair Jerome Powell says US economic growth need to slow "below potential" to ease demand pressures boosting inflation. He speaks at a news conference following the decision by the ...

Bloomberg

21 days ago

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U.S. CONSUMER CONFIDENCE DIPS TO NEW LOW

US consumer confidence declined in July to the lowest level since February 2021 on dimmer views of the economy amid persistent inflation. The Conference Board's index decreased for a third month to...

Bloomberg

22 days ago