The Latest Breaking News on Economy

Food prices up by record amount as energy bill support fails to halt rise

The Money Saving Expert has been very vocal about the state of UK politics and the part it plays in the current cost of living crisis.

Hong Kong (AFP) - Equities were mixed Monday following a selloff on Wall Street as last week's rally ran out of steam on worries about rising interest rates and surging inflation.

High energy prices, surging inflation, rising interest rates and global economic weakness to blame

Hong Kong (AFP) - Asian equities dropped Monday, tracking a selloff on Wall Street as last week's rally ran out of steam on fresh worries about rising interest rates and surging inflation.

Britain’s economy is expected to shrink around 0.2 per cent each quarter from October through to June next year

Britain’s economy is expected to shrink around 0.2% each quarter from October through to June next year.

The Federal Reserve’s interest-rate hikes to bring inflation under control are starting to work, while President Joe Biden is doing everything possible to support the U.S. central bank, two administration economic advisers said.

Figures released by the government, which are not expected to change before budget night, show the extent of Treasury's downgrades.

Experts say raising rates ‘isn’t working’ and that the real culprits are corporate pricing, energy costs and supply chain

President Joe Biden downplayed the effect of the U.S. strong-dollar policy on the global economic outlook, saying weakness in other parts of the world is threatening growth.