Economy

US wholesale prices unexpectedly declined in June, offering fresh signs that inflationary pressures are easing, although renewed geopolitical tensions in the Middle East threaten to reverse the recent improvement in…

President Donald Trump said on Monday that the United States would reinstate its naval blockade of Iranian ships and charge a 20% fee on cargo passing through the Strait of…

South Korea’s dominance in artificial intelligence memory chips is no longer just driving stock market gains.The country’s semiconductor boom is now reshaping its economy, consumer spending, labour market and even…

US President Donald Trump has reignited his long-running dispute with Spain by threatening to cut off trade with the country over its refusal to back NATO’s new defence spending target.He…

Federal Reserve officials were divided over the future direction of interest rates at their June policy meeting, with policymakers considering scenarios that could justify either rate cuts or additional hikes,…

The number of Americans filing new applications for unemployment benefits declined last week, pointing to continued resilience in the US labour market even as hiring slowed sharply in June.Initial claims…

The European Central Bank has given eurozone banks four months to develop plans aimed at countering artificial intelligence (AI)-enabled cyber threats that could undermine confidence in the financial system and…

The Bank of England has warned that artificial intelligence is emerging as a growing threat to financial stability, citing heightened market expectations, rising leverage and increasing cyber risks linked to…

British house prices increased by 0.2% in June, marking the first monthly rise in four months, while annual growth accelerated slightly to 0.6%, according to data released by mortgage lender…