Economy News | LeadStory

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Nigeria to revise inflation reporting after artificial spike

The revision is likely to influence market expectations and policy discourse ahead of the next monetary policy decisions by the Central Bank, which closely watches inflation dynamics in setting interest rates.

Africanews

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New data shows no change in inflation rates for the end of 2025

New Consumer Price Index data depicts there was no change in inflation rates from November through December of 2025. Sam Goldfarb, a markets reporter for The Wall Street Journal, has more.

CBS America

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Data shows hedge funds thrived in 2025

Hedge fund investors haven't had it this good since the aftermath of the financial crisis. Data compiled by industry tracker Hedge Fund Research showing that the industry posted its best year since 2009, with gains of about 12.6%.

Bloomberg

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How K-pop pushes appetite for Korean ramyun noodles

The latest trend of international fascination with South Korea is K-food, or more specifically K-ramyun. The Korean ramyun wave ties in the country's film and music, to captivate consumers around the world and challenge

DW News

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Can Trump cap credit card rates for one year? Here's what to know.

President Trump says he wants to cap credit card interest rates at 10% for a year by Jan. 20. CBS News business analyst Jill Schlesinger breaks down if the president has the ability to cap rates and what it would mean for you.

CBS America

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JPMorgan sees surprise drop in investment-banking fees

JPMorgan's investment-banking fees unexpectedly fell in the fourth quarter, while the bank delivered results that otherwise mostly beat consensus. Dani Burger reports on Bloomberg Television.

Bloomberg

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French farmers protest Mercosur deal amid falling incomes

French farmers drove hundreds of tractors toward French Parliament to protest falling incomes and the EU’s Mercosur trade deal, which they say adds pressure from imports alongside rising fuel, fertilizer and feed costs.

France 24

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U.S. probe into Fed hits global markets as worry of its independence grows

Fallout from the Trump administration's criminal probe of the country's top central banker is being felt worldwide. That investigation, ostensibly focusing on potential/alleged falsehoods in Powell's congressional testimony about budget ...

France 24

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Ethiopia begins $12.5 billion construction of 'Africa's biggest airport'

Ethiopian Airlines on Saturday officially started a $12.5 billion construction project for what officials say will be Africa's biggest airport when completed in 2030 in the Ethiopian town of Bishoftu.

Reuters

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Powell vows to stand firm as Fed served with DOJ subpoenas

Federal Reserve Chair Jerome Powell said Sunday in a video statement the U.S. central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment. Powell said the action was related to his June...

Bloomberg

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Chancellor Merz visits India to strengthen defense, industrial ties

German Chancellor Merz visits India to discuss shared interests in politics and business. One of the most important agreements establishes a closer security partnership, says DW’s Delhi bureau chief Sandra Petersmann.

DW News

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Can Cuba's economy survive without Venezuelan supply?

Cuba’s Communist government strongly relies on massive economic support from its oil-rich South American ally, and is now bracing for deeper hardship as its long‑standing energy crisis collides with shifting geopolitics

DW News

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Carney heads to China hoping to reset strained trade ties

Prime Minister Mark Carney is heading to China this week as the government looks to reset strained trade ties and some industries hope to see relief from punishing tariffs.

CBC News

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Kenyans ‘lured’ to fight for Russia on Ukraine’s front line

Kenya’s unemployment crisis is pushing many young people into desperation. With few jobs at home, some are chasing opportunities abroad no matter how dangerous.

Al Jazeera

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Mercosur deal: a major boost for German exports and jobs

Berlin's Westhafen port drives trade as Mercosur deal boosts German exports, jobs, and global markets

Al Jazeera

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Venezuelans express hope for revival of oil economy

Venezuela’s vast oil wealth was once a key source of national prosperity. However, years of international sanctions, ongoing economic mismanagement, and the political crisis surrounding President Nicolas Maduro have brought these resourc...

Al Jazeera

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EU approves Mercosur trade deal despite protests

A majority of European Union countries have agreed to sign a trade deal with the South American trading bloc, Mercosur. It'll be the EU's biggest free-trade pact and comes after decades of negotiations.

DW News

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U.S. unemployment rate declines, but payrolls fall short of forecasts

U.S. job growth fell below expectations in December, with nonfarm payrolls increasing by 50,000 last month after downward revisions to the prior two months, according to Bureau of Labor Statistics data out Friday. The unemployment rate f...

Bloomberg

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U.S. consumer sentiment improves to four-month high

U.S. consumer sentiment climbed to 54 from 52.9 in December, according to the University of Michigan, on slightly more upbeat views about the economy as tariff concerns fade.

Bloomberg

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Senegal prime minister says country will not seek debt restructuring

Ousmane Sonko said his government would not seek a deal to restructure its debt despite facing repayment difficulties.

Africanews

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Wages of student loan borrowers in default may be garnished

The Department of Education is sending out wage garnishment notices this week that could impact millions of student loan borrowers who have defaulted. CBS News business analyst Jill Schlesinger explains who is affected and what to do if ...

CBS America

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Fed's Miran is looking for about 1.5 points of cuts in 2026

Federal Reserve Governor Stephen Miran said he is looking for about 150 basis points of interest rate cuts to boost the labor market. Miran added, "underlying inflation is running at 2.3%, that's within noise of our target."

Bloomberg

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U.S. productivity accelerates to strongest pace in two years

US labor productivity accelerated in the third quarter to its strongest pace in two years. Productivity soared to an annualized rate of 4.9%. Economic growth in the quarter also powered ahead. The US trade gap narrowed in October and job...

Bloomberg

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Blackstone shares fall on Trump housing comments

President Trump said he would move to ban institutional investors from buying single-family homes as part of a push to address housing affordability. Scarlet Fu reports on "Bloomberg Markets."

Bloomberg

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Brazil surpasses U.S. as top beef producer

Brazil surpassed the U.S. as the world's top beef producer last year, according to market estimates, after the South American country beat output forecasts by hundreds of thousands of tons, easing a global supply squeeze and helping limi...

Reuters

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U.S. dollar to weaken but at slower pace than 2025, Saravelos says

George Saravelos, global head of FX research at Deutsche Bank offers his outlook for the U.S. dollar after the currency posted its worst performance since 2017 last year.

Bloomberg

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Japan condemns China's dual-use export ban as rare earth curbs loom

Japan called China's ban on dual-use exports for its military "absolutely unacceptable" on Wednesday, amid a looming threat of broader curbs on vital rare earths in an escalating dispute between Asia's top two economies.

Reuters

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Iran's rial reaches new low amid protests and economic crisis

Protests around Iran over its economy have continued on January 6, with demonstrators holding a sit-in at Tehran's Grand Bazaar, later dispersed by security forces. It all comes down to a currency in seeming freefall and hitting new lows...

France 24

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What's behind copper's rally to a record high?

Morgan Stanley Lead Metals & Mining Commodities Strategist Amy Gower examines the drivers behind the rally in copper that pushed the metal above $13,000 a ton for the first time.

Bloomberg

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Japan says China's dual-use export ban 'unacceptable'

Japan's top government spokesperson said that China's ban on exports of dual-use items to the country was "absolutely unacceptable and deeply regrettable," as a diplomatic dispute between Asia's top two economies ramped up.

Reuters