Bank of England hikes interest rates again as inflation heads towards 11%
The Bank of England said on Thursday that it would raise the cost of borrowing by 25 basis points to...
economy
The West united against Russia. Will its nerve hold as prices soar?
"I would only wish you not lose this feeling of unity," he said, calling again for maximum pressure on Moscow.Three...
A new billionaire has been minted nearly every day during the pandemic
Some 573 people have joined the billionaire ranks since 2020, bringing the worldwide total to 2,668, according to an analysis...
4 reasons the economy looks like it’s crumbling — and what to do about it
Pretty much anyone who wants a job can have one. The economy is so hot that prices are surging faster...
America added 428,000 jobs in April
America's employers added 428,000 jobs in April, the same as in March, the Bureau of Labor Statistics reported Friday. That's...
Turkey’s inflation hits two-decade high of 70%
The currency slide was triggered by a 500 basis point interest rate easing cycle which began last September under pressure...
The Fed’s favorite inflation measure hit a fresh 40-year high
Energy costs soared in the first quarter on the back of the war in Ukraine, rising 33.9% for the year...
Soaring costs and shortages push German industry to the brink
"There has never been anything like this before," Georg Geier, the company's managing director, told CNN Business. The major difference...
This measure of German inflation just hit its highest level since 1949
German annual producer price inflation topped 30% in March, the country's Federal Statistics Office said on Wednesday. That's its highest...
Germany faces $240 billion hit if Russian gas is cut off
The country would lose 220 billion euros ($238 billion) in economic output over the next two years in the event...
China’s economy hit by double whammy in March
The official manufacturing Purchasing Managers' Index (PMI) fell to 49.5 from 50.2 in February, the National Bureau of Statistics (NBS)...
The Great Resignation is taking root around the world
"The Great Resignation is people saying, 'Whatever the situation is, I want better,'" Patrecia Ming Buckley told CNN Business. The...
China’s President Xi Jinping vows to ‘minimize’ the economic impact of Covid spike
China must "strive to achieve the maximum prevention and control at the least cost, and minimize the impact of the...
Rate hikes are here: What does that mean for you?
Fed officials said Wednesday they are raising interest rates, beginning their first cycle of rate hikes since the one that...
China’s economy had a surprisingly good start to the year, but it may not last
Retail sales rose 6.7% in the first two months of 2022 compared to a year ago, according to data released...
This key measure of inflation climbed at the fastest pace since 1982 last month
The price index tracking consumer spending increased by 6.1% between January 2021 and January 2022, according to new data from...
Why the Russian invasion will have huge economic consequences for American families
That's because the world economy and financial markets are interconnected. As Covid demonstrated, events on one side of the planet...
Why the Ambassador Bridge is crucial to two nations’ economies
And the Ambassador Bridge, which separates the US and its neighbor to the north, may be the most economically important...
Analysis: Why China won’t put its economy on the line to rescue Putin
But don't expect China to offer much more than supportive words to its northern neighbor should the United States and...
Child care workers are vanishing and it’s hurting the entire economy
And now it's starting to backslide.The workforce reductions -- coupled with ongoing challenges of low pay and spotty benefits for...
