The US economy didn’t get the recession memo
The brutal GDP report released on July 28, showing the economy had contracted for a second quarter in a row,...
economy
The Bank of England just made its biggest rate hike in 27 years
The Bank of England raised the cost of borrowing by 50 basis points to 1.75% — the sixth time the...
China’s Stumbling Manufacturing, Property Sectors Show Long Road to Recovery
China’s major economic pillars wobbled in July with weakness in manufacturing and the all-important property sector, showing the pressure on...
Analysis: Two vie to replace Boris Johnson. Neither has ‘a true plan’ to fix its ailing economy
But Ethan Ilzetzki, associate professor of economics at the London School of Economics, thinks the leadership debate remains "disconnected" from...
China’s economy records slowest growth since the start of 2020
Gross domestic product in the world's second largest economy expanded by just 0.4% in the three months to June 30,...
Heat wave threatens power shortages and higher pork prices in China
Dozens of cities have been experiencing record-high temperatures at a time when the economy is still trying to recover from...
West pushes Russia into its first foreign debt default since 1918
Following reports that Moscow had failed to pay about $100 million in interest on two bonds during a 30-day grace...
Small banks in China are running into trouble. Savers could lose everything
The 45-year-old entrepreneur asked us to call him Peter for security reasons. He's from the eastern city of Wenzhou and...
Ex-Trump adviser calls for lifting Trump tariffs on China
"These tariffs are adding to the cost of many goods that US consumers are buying," Cohn told CNN. Cohn, now...
Wheat down payments and free hogs: How Chinese developers are trying to sell homes
From accepting grain or garlic as part payment, to offering live pigs as an incentive to buyers, the unusual sales...
Rail strikes and labor shortages are hurting UK economy
The problem escalated Tuesday as thousands of rail workers went on strike over demands for better pay and working conditions...
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...
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...
