Economy

For good or ill, the modern British economy was forged in the 1980s. The deregulated labour market, the dominance of the City, the north-south divide, the privatised public utilities, high levels of personal debt, the chronic trade…
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America's worker shortage has puzzled employers, consumers and economists since the pandemic began to ease. When Axios asked U.S. Labor Secretary Marty Walsh last fall, he admitted to being stumped.Driving the news: Fed chair Jay Powell…
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Apple’s largest iPhone factory, in the city of Zhengzhou, has been beset with production problems caused first by a Covid lockdown and then a shortage of workers. Now, that plant is getting help from an unlikely source: the Chinese…
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CNBC's Jim Cramer on Monday listed four reasons why the Federal Reserve can't stop tightening the economy just yet.Not enough people are reentering the workforce. That makes it more difficult for the Fed to stamp out wage…
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What was good for copper was good for Chile’s peso. The fortunes of the currency of the world’s largest copper exporter were closely tied to the price of its main export.Last year the pattern broke. World copper prices rose 25 per…
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Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednesday indicated.Reflecting statements…
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Workers in the UK are becoming so anxious about the cost of living crisis that it is affecting their performance at work, with two-thirds of managers reporting issues such as rising absenteeism and lack of engagement among stressed-out…
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Her sons stay late at an after-school program, so she can pick them up after work. But her daughter isn't old enough to be eligible for the program, and needs to be taken home earlier — while Moorman is supposed to be at work. She had to…
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Over that same time period, the amount of U.S. debt held by China and Japan fell and borrowing from other nations accounted for just $3 trillion of the $16 trillion increase.Of the $31 trillion national debt, foreign nations account for…
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The first major free trade agreement signed by Britain after Brexit has been branded a failure after new figures showed exports had fallen since it came into force.Liz Truss signed a “historic” deal with Japan as trade secretary in…
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