Economy
Latest articles and news in Economy
EconomyMcDonald's to Roll Out AI Drive-Thru System Archy in 2027
By Fatma Younis McDonald's plans to deploy a voice-activated AI system named Archy at the majority of its U.S....
EconomyNew York Mayor Aims to End Amazon's Use of Contractor Drivers
By Basant El-Faramawy New York City Mayor Zohran Mamdani is backing legislation that would prohibit Amazon fro...
EconomyBurnham Sees Chance to Save Poundland Jobs After Constructive Talks
By Karim Hammam Andy Burnham said there remains an opportunity to save jobs at Poundland following a meeting b...
EconomyITV to Report Q3 Figures Amid Regulatory Probes Into £1.6bn Sky Deal
By Karim Hammam ITV will publish its third-quarter trading update next Wednesday as regulators examine its £1....
EconomySAVE Student Loan Plan Ended, 7.5 Million Borrowers Must Switch
By Islam El-Sakka The Trump administration has discontinued the Biden-era Saving on a Valuable Education (SAVE...
EconomyBank of England Governor Says Closer EU Ties Would Boost UK Growth
By Ahmed Abdelsalam Bank of England Governor Andrew Bailey said closer ties with the European Union would boos...
EconomyUS Adds 165,000 Jobs in October, Unemployment Dips to 4.1%
By Salma El-Sakka The United States added 165,000 jobs in October, surpassing economist forecasts and undersco...
EconomyUS adds 165,000 jobs in October, unemployment falls to 4.1%
By Salma El-Sakka The U.S. economy added 165,000 jobs in October, surpassing economist expectations, while the...
EconomyAI Bubble Concerns Mount as Tech Stocks Plunge on Data Center Hurdles
By Fatma Younis Artificial intelligence companies' valuations are plummeting, signaling a potential shake-up i...
EconomyJobs Report to Offer First Economic Snapshot Since Midterms
By Islam El-Sakka The U.S. Labor Department will release its October jobs report on Friday, providing the firs...
EconomyBank of England Governor Says Closer EU Ties Would Boost UK Growth
By Salma El-Sakka Bank of England Governor Andrew Bailey said on Friday that closer trading ties with the Euro...
EconomyIAG profits hit by fuel costs and air traffic control outage
By Basant El-Faramawy International Airlines Group (IAG), the owner of British Airways, has reported a decline...
EconomyUK house prices record biggest annual fall in three years
By Karim Hammam UK house prices recorded their steepest annual decline in three years in October, with the ave...
EconomyGlobal Markets Slide as Tech Sell-Off Spreads from Wall Street
By Fatma Younis London’s financial markets slid on Friday morning as a major technology stock sell-off on Wall...
EconomyUK Employers Must Publish Salaries on Job Ads, PM Burnham Announces
By Fatma Younis Prime Minister Andy Burnham announced Friday that employers will be legally required to publis...
EconomyNew Federal Student Loan Caps Drive Borrowers to Private Lenders
By Sohaib Shams New limits on federal student loans imposed by the Trump administration are pushing many borro...
Economy5 Ways to Manage a Marathon Mortgage Effectively
By Islam El-Sakka Extended mortgage terms of 35 to 40 years, known as “marathon mortgages,” are becoming a pra...
EconomyIAG Profits Fall 13% as Jet Fuel Costs Surge
By Islam El-Sakka International Airlines Group (IAG), the owner of British Airways, reported a 12.9% drop in p...
EconomyLloyds Reports Biggest Annual UK House Price Fall in Three Years
By Salma El-Sakka UK house prices recorded their biggest annual fall in three years in October, according to L...
EconomyM&S Challenges John Lewis with 'Shredded Santa' Christmas Ad
By Islam El-Sakka Marks & Spencer has launched its 2026 Christmas advertising campaign featuring actors James ...
EconomyMidterm Elections Bring Wave of Data Center Regulation Pledges
By Salma El-Sakka Democrats swept governorships in Texas, Ohio, Georgia, Nevada and Iowa during the midterm el...
EconomyUK Shopper Footfall Drops 4.7% in October Amid Storms, Rising Costs
By Basant El-Faramawy Total UK shopper footfall fell 4.7% year-on-year in October, a sharper decline than the ...
EconomyUK Government to Mandate Salary Details in Job Adverts
By Ahmed Abdelsalam The UK government plans to make salary details compulsory in job adverts, with legislation...
EconomyOctober Jobs Report: Holiday Hiring Up, AI Concerns Persist
By Karim Hammam The Bureau of Labor Statistics will release the October jobs report on Friday, with economists...
EconomyUK to require salary details in job adverts under new legislation
By Islam El-Sakka UK Prime Minister Andy Burnham has announced plans to introduce legislation that would legal...
EconomyCarney Unveils Budget to Reduce Canada's US Dependence Amid Trade War
By Fatma Younis Canadian Prime Minister Mark Carney’s government unveiled a sweeping budget Thursday aimed at ...
EconomyAI Stocks Tumble After Midterms as Data Center Fears Grow
By Islam El-Sakka AI stocks suffered their worst day on Wall Street in more than a year Thursday after Democra...
EconomyStock Market Reacts to AI Spending Fears; LIV Golf to Shut Down
By Karim Hammam Stock markets reacted amid growing concerns over artificial intelligence spending as investors...
EconomyAmazon Prime Partners with Uber Eats for Free Delivery
By Islam El-Sakka Amazon Prime members in the United States can now order meals from Uber Eats directly throug...
EconomyBank of England Governor Issues Warning After Interest Rate Hike
By Islam El-Sakka The Bank of England governor has issued a new warning following the central bank's latest in...
EconomyBank of England Hikes Rates to 4% as Inflation Climbs
By Basant El-Faramawy The Bank of England raised interest rates on Thursday for the first time in more than th...
EconomyBank of England Raises Rates to 4% as Inflation Surges Amid Iran Conflict
By Sohaib Shams The Bank of England has increased its base interest rate for the first time in more than three...
EconomyMcDonald's Tests Mix-and-Match Menu to Lure Budget-Conscious Customers
By Islam El-Sakka McDonald's is testing a mix-and-match menu across roughly 1,900 U.S. locations in a bid to a...
EconomyCMA clears Co-op takeover of Southern Co-op with store divestments
By Basant El-Faramawy The Competition and Markets Authority has cleared The Co-operative Group’s takeover of S...
EconomyWendy's Rejects $1.4 Billion Buyout, Adopts Poison Pill
By Basant El-Faramawy Wendy's has rejected a $1.4 billion buyout offer from activist investor Nelson Peltz and...
EconomyBank of England Raises Base Rate to 4%, Mortgage Payments Rise
By Sohaib Shams The Bank of England raised its base interest rate to 4% on Thursday, the first increase in mor...
EconomyPound Hits Highest Level Since Brexit Vote
By Fatma Younis The British pound has reached its strongest level against a basket of major currencies since t...
EconomyAustralians yet to see AI and datacentre benefits as political risks grow
By Basant El-Faramawy Australians have yet to see tangible benefits from the artificial intelligence and datac...
EconomyBT Reports £1.1bn Profit While Cutting Nearly 8,000 Jobs
By Salma El-Sakka British telecommunications giant BT Group has reported a £1.1 billion profit even as it elim...
EconomyUS Unemployment Claims Fall to 189,000, Lowest Since July
By Fatma Younis Fewer Americans filed for unemployment benefits last week, pushing claims to their lowest leve...
EconomyBank of England Raises Interest Rates to 4% for First Time in Three Years
By Ahmed Abdelsalam The Bank of England raised its key interest rate to 4% on Thursday, marking the first incr...
EconomyUS Unemployment Claims Fall to 189,000, Lowest Since July
By Basant El-Faramawy Fewer Americans applied for unemployment benefits last week as layoffs remain scarce and...
EconomyBank of England Raises Rates to 4% Amid Cost of Living Crisis
By Fatma Younis The Bank of England has raised interest rates to 4%, a 0.25 percentage point increase that arr...
EconomyBT Cuts Nearly 8,000 Jobs as Cost-Cutting Drive Continues
By Karim Hammam BT Group's workforce fell by 7,731 to 90,000 in the six months to the end of September as the ...
EconomyBank of England raises rates to 4% and signals further hikes
By Salma El-Sakka The Bank of England has raised interest rates to 4% and indicated that more increases are li...
EconomyUS Consumer Spending Rose 4.3% in 2025, BLS Report Shows
By Salma El-Sakka A new report from the Bureau of Labor Statistics details how much the average American consu...
EconomyPoundland Owners Explore Options to Avoid Collapse Amid Store Closures
By Basant El-Faramawy Poundland's owners have issued an update on store closures as they continue to explore a...
EconomyUK Construction Activity Contracts as Housebuilding Slumps
By Salma El-Sakka UK construction activity contracted at the sharpest pace since June in October, driven by th...
EconomyUK rate rise to 4%: impact on jobs, savings, mortgages
By Fatma Younis The Bank of England has raised interest rates for the first time in more than three years, inc...
EconomyBT Cuts Nearly 8,000 Jobs as Cost-Cutting Boosts Earnings
By Islam El-Sakka BT Group has shed nearly 8,000 jobs in the half-year to the end of March as part of an ongoi...