The Latest Breaking News from Economy

Spending blow-outs by the government will force the Reserve Bank to hike rates, critics say, but the treasurer argues the private sector is driving inflation.

Andrzej Domanski said that that keeping the złoty as the national currency gives the economy greater flexibility at a time of global uncertainty, despite ongoing debates over deeper eurozone integration.

Hausmann warned that recent injections of dollars from oil sales do not solve structural economic problems under a “hyper-repressive” regime.

The German government has trimmed its 2026 forecast for the country’s economy, Europe’s biggest, as growth picks up more slowly than previously hoped

Pakistan faces a perilous tightrope walk as US-Iran tensions escalate. Caught between seeking vital US dollars for its economy and appeasing domestic Islamic sentiment, Islamabad is leveraging its unique diplomatic position. The nation's history of strategic ambiguity and its proximity to Iran present both opportunities and immense risks, potentially drawing…

Around the world, governments and businesses are talking more and more about the need to move from today’s “take, make, waste” economy to a circular one, where products are designed to last, materials stay in use, and waste is dramatically reduced. On paper, the case is compelling: recent assessments show…

After nearly two decades of talks, India and the European Union (EU) have finalized a landmark Free Trade Agreement (FTA) that promises to transform trade, industry, and business in India. The deal covers goods, services, investment, and market access on an unprecedented scale, creating one of the largest trade partnerships…

The UAE has launched the Middle East's first biometric payment system, enabling transactions via facial recognition or palm scans. This initiative, a proof-of-concept by the Central Bank of the UAE, aims to enhance convenience and security, positioning the nation as a leader in financial innovation and a digital-first economy.

Dubai's DIFC now allows a regulated insurer to accept crypto for policies, a first in the UAE. This move integrates digital assets directly into insurance payments, enabling Bitcoin to cover SUV, apartment, or health insurance. The development leverages blockchain's efficiency and programmable nature, bypassing traditional fees and offering 24/7 transactions,…

Federal Reserve officials are expected to keep their short-term interest rate unchanged Wednesday after three cuts last year, ignoring huge pressure for lower borrowing costs from the White House in favor of waiting to see how the economy evolves

Maduro’s Sorbonne-educated successor is talking up an era of ‘reform and opening up’ modelled on China’s post-Mao boom