Britain’s vote to leave the EU has had little immediate impact on people’s spending habits, according to new figures that suggest more money was splashed out on clothes, meals out and day trips in July.
Oil may be a precious and dwindling resource but at the moment, at least, it looks like we just have too much of it.
The US economy added a robust 255,000 jobs in July, the Department of Labor announced on Friday, shaking off economic headwinds that had been expected to make the jobs market stumble.The unemployment rate remained steady at 4.9%.
The pace of layoffs announced by U.S.-based companies rose for a second-straight month in July, as the U.S. energy patch once again shed workers.
The number of people in permanent work fell by its sharpest amount since the recession in July, it was revealed Friday morning.
Things are looking up for the Brazilian economy - but it won't be due to the Olympic games starting this week, according to a UBS report.
The timing could hardly be better.
The Bank of England is expected to cut interest rates for the first time since the financial crisis this week and lower its UK growth forecasts by the biggest margin on record, in response to the uncertainty caused by the EU referendum result.
Growing worries about the economic outlook have dented the confidence of UK households and manufacturers, according to the latest reports to suggest the Brexit vote result will slow the economy.
Billionaire investor Warren Buffett is offering little in the way of reassurance about the "very slow growth" U.S. economy.
The US economy added only 156,000 jobs in September, the US Department of Labor announced on Friday, a figure likely to be seized on as the presidential race enters its final stretch. The unemployment rate was 5%, up from 4.9% in August.
More than 1m cars were built in the UK in the first seven months of this year, the biggest number for more than a decade.
The International Monetary Fund (IMF) has called for the leaders of the world’s leading economies to make a positive case for globalisation after voicing concern that prolonged slow growth and rising inequality is eroding support for free trade and open markets.
Greece has vigorously rebutted speculation that it will declare a debt default and plunge out of the eurozone if it fails to strike a deal with lenders to keep its bankrupt economy afloat.
Philip Hammond has ruled out a “splurge” in public spending to support the economy in next month’s autumn statement and said that any help to boost demand would be on only small projects that deliver productivity improvements.
World finance leaders pledged to use more resources to try to bolster economic gains amid slow growth and a rising backlash against globalization.
The US has been accused of “behaving like a tax haven”, in an escalating war of words between Washington and Brussels over the European commission’s anti-trust cases against Apple, Amazon and Starbucks.