Economy News

U.S. retail sales unexpectedly stalled in April as the boost from stimulus checks faded, but an acceleration is likely in the coming months amid...

The global semiconductor chip shortage will cost automakers US$110 billion in lost revenues this year, up from a prior estimate of US$61 billion,...

There is probably less than meets the eye from the startling inflation pop in April, as goods impacted by a variety of temporary influences pushed...

U.S. job openings surged to a record high in March while hiring lagged, further evidence that a shortage of workers was hampering job growth.

Investor sentiment in Germany surged in May thanks to a third wave of the COVID-19 pandemic tailing off, a survey showed on Tuesday, pointing to a...

Norway should spend a record amount of cash from its $1.3 trillion sovereign wealth fund this year as it continues to battle the pandemic’s...

Malaysia’s economy contracted less sharply in the first quarter as domestic spending improved along with external demand in spite of a recent...

The Bank of England does not expect to see a wave of bankruptcies among British firms when the government ends its coronavirus emergency support...

There is a new sign of labour market strength in the USA with a fall in weekly jobless claims to 498K, the lowest number since March 2020. The fall...

Jobs in the U.S. solar industry fell nearly 7% last year due to work restrictions related to the coronavirus pandemic and large gains in labor...

Stellantis NV warned the global semiconductor shortage will deteriorate further from the first three months of the year, when the crunch curbed...

India once again reported a record number of cases and fatalities on Thursday as it faces a devastating second wave of Covid-19 infections that has...

Spain expects to receive 69.5 billion euros ($83.46 billion)from European Union rescue funds in the next three years, Economy Minister Nadia...

Euro zone producer prices accelerated in line with expectations in March, driven by increases for energy and intermediate goods, data showed on...

India’s central bank unveiled fresh measures on Wednesday to help lenders tide over mounting bad loans and give some borrowers more time to...

Euro zone business activity accelerated last month as the bloc’s dominant services industry shrugged off renewed lockdowns and returned to...

Saudi Arabia reduced its budget deficit to 7.4 billion riyals ($1.97 billion) in the first quarter of the year, the finance ministry said on...

India crossed 20 million reported cases of Covid-19 on Tuesday. There were 357,229 new cases reported over a span of 24 hours, bringing the total...

Rates as of 05:00 GMT Having failed to find suitable trade-weighted indices, I’m experimenting with making my own, using the weights supplied...

Canadian manufacturing activity grew for the 10th straight month in April as production and new orders climbed, with the pace easing only slightly...

Growth in Brazil’s manufacturing sector decelerated in March to its slowest rate since June last year, a survey of purchasing managers’...

An unheralded corner of London’s property market is suggesting the capital has lost a big portion of its young professionals and lower-paid...

Germany’s GDP fell by 1.7% in the first quarter, says Destatis. The fall to the same period a year earlier is 3.3%. This is in clear contrast...

China’s factory activity expanded at a slower pace and missed forecasts in April as supply bottlenecks and rising costs weighed on production...

China’s 2021 gold demand will see annual growth and will revert to pre-pandemic levels if there are no dramatic changes to the global...

German unemployment rose unexpectedly in April and companies put more staff on shorter working hours in subsidized job protection schemes, data...

President Joe Biden will unveil on Wednesday a sweeping $1.8 trillion plan to expand educational opportunities and child care for families, funded...

Japanese retail sales rose at the fastest pace in five months in March as consumer demand recovered from the huge hit it took from the coronavirus...

British retailers reported the sharpest upturn in sales since 2018 this month as non-essential shops in England and Wales began to reopen after...

With the resumption of global travel on the horizon, some people are discovering that their choice of vaccine could determine where they’re...

U.S. equities headed for all-time highs amid solid corporate earnings and confidence that the Federal Reserve will remain accommodative even as...

Goldman Sachs has upgraded its forecasts for the U.K. economy in 2021, and now sees it outpacing the U.S. The U.K.‘s flash composite...

India reported a record number of Covid-19 cases for the fifth straight day on Monday while the official death toll also jumped. Official data...

The U.S., Canada and U.K. are among some of the high-income countries actively blocking a patent-waiver proposal designed to boost the global...

The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major...

Scientists at Texas A&M University’s Global Health Research Complex say they’ve detected a new Covid-19 variant that shows signs of...

The European Central Bank left policy unchanged as expected on Thursday, keeping copious stimulus flowing even as it predicted a firm rebound in...

More and more strategists believe investors are underestimating the outlook for consumer prices. David Roche, president of investment firm...

British manufacturers’ expectations of a rebound from the economic slump caused by the COVID pandemic rose to their highest in almost 50...

Britain is showing signs of economic recovery from the COVID-19 pandemic as it gradually relaxes its latest lockdown measures, according to a range...

The Bank of Canada on Wednesday said it feared high housing prices could result in stretched borrowing and lending, leaving some households and...

The Bank of Canada sharply hiked its outlook for the Canadian economy on Wednesday and said it expected slack to be absorbed in the second half of...