Breaking News: Economy

Argentine President Milei warns economic shock unavoidable in maiden speech

Argentina libertarian economist Javier Milei took office on Sunday warning in his maiden speech that he had no alternative to…

EU agrees to landmark AI rules as governments aim to regulate products like ChatGPT

The European Union on Friday agreed to landmark rules for artificial intelligence, in what’s likely to become the first major…

Unemployment among Asian workers and Black men rises in November while the overall rate declines

The labor market deteriorated for both Asian and Black workers in November, according to data released Friday by the U.S.…

Here’s where the jobs are for November 2023 — in one chart

The U.S. job market once again surprised to the upside in November, as strong growth in health care and a…

U.S. payrolls rose 199,000 in November, unemployment rate falls to 3.7%

Job creation showed little signs of a letup in November, as payrolls grew even faster than expected and the unemployment…

Geopolitics and central banks could keep gold demand hot in 2024, World Gold Council says

Gold prices hit another record high this week after a roaring 2023, and a combination of geopolitical tensions and continued…

China vows to ‘moderately’ strengthen fiscal policy to bolster economic recovery

China’s top decision-making body of the ruling Communist Party on Friday said the country’s fiscal policy “must be moderately strengthened”…

‘Excess profits’ at big energy and consumer companies pushed up inflation, report claims

LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases…

China’s economy has a ‘steep hill to climb’ despite positive export surprise, HSBC says

The Chinese economy still has a “steep hill to climb” despite a surprise pickup in exports and is unlikely to…