Economy
Latest articles and news in Economy
EconomyHealey Accused of 'Complete Failure' on Energy Bill Targeting
By Fatma Younis The Resolution Foundation has accused Chancellor John Healey of a "complete failure" to target...
EconomyHealey's 'Scattergun' Budget Leaves Britons Facing Higher Energy Bills
By Salma El-Sakka The Resolution Foundation has delivered a scathing verdict on Chancellor John Healey's first...
EconomyVolkswagen Posts $6.5B Quarterly Loss on China Slump, Porsche Writedown
By Islam El-Sakka Volkswagen reported a 5.8 billion euro ($6.5 billion) after-tax loss for the July-September ...
EconomyChancellor Healey insists welfare bill will fall despite delayed reforms
By Fatma Younis Chancellor John Healey has insisted the government will reduce the ballooning welfare bill, ev...
EconomyUK Chancellor Announces £100 Energy Bill Payment for 20 Million Households
By Sohaib Shams UK Chancellor John Healey has announced a £100 energy bill payment for around 20 million house...
EconomyJohn Healey's First Budget Targets Energy Bills with Bank Windfall Tax
By Sohaib Shams Chancellor John Healey delivered his maiden budget under Prime Minister Andy Burnham's leaders...
EconomyUK households face grim squeeze despite £100 energy bill help
By Fatma Younis British households are facing a "grim picture" despite a £100 energy bill support measure for ...
EconomySanrio Ends Tie-Up With Japanese Spy Drama After China Backlash
By Ahmed Abdelsalam Sanrio, the Japanese company behind the Hello Kitty franchise, has apologized and terminat...
EconomyUK Chancellor Healey Vows Welfare Cuts Before Next Election
By Fatma Younis UK Chancellor John Healey has pledged to reduce the welfare bill before the next election, ado...
EconomyAlbanese Concedes Savings Needed Amid Cost-of-Living Pressure
By Islam El-Sakka Australian Prime Minister Anthony Albanese has acknowledged the need for budget savings as h...
EconomyMondelēz sues British vegan chocolate brand over Toblerone shape
By Basant El-Faramawy Mondelēz International, owner of the Toblerone brand, has filed a lawsuit in the London ...
EconomyHealey Pledges Welfare Bill Reduction Amid Rising Forecasts
By Islam El-Sakka Chancellor John Healey has pledged a reduction in the welfare bill before the next general e...
UK Watchdog Proposes Right to Know Colleagues' Pay
By Fatma Younis Britain's equality watchdog has recommended that workers should have the legal right to demand...
EconomyHealey Pledges Welfare Bill Reduction Before Next Election
By Ahmed Abdelsalam Chancellor John Healey has pledged a reduction in the UK's benefits bill before the next g...
EconomyUK Chancellor John Healey Announces Energy Bill Support Measures
By Islam El-Sakka UK Chancellor John Healey has unveiled a package of support measures aimed at easing pressur...
EconomyThames Water Creditors Vote on £2.4bn Emergency Loan as Cash Runs Low
By Sohaib Shams Thames Water creditors are voting on Thursday on an emergency £2.4bn loan to keep the debt-lad...
EconomyUK Budget 2026: Readers React to Healey's Measures on Housing, Taxes, Costs
By Salma El-Sakka British households are assessing how Chancellor John Healey's 2026 budget will affect their ...
EconomyPutin Imposes New Taxes to Fund War as Russian Deficit Grows
By Fatma Younis Russia's invasion of Ukraine is straining state finances, prompting President Vladimir Putin t...
EconomyUtah files felony charges against Kalshi founders over prediction markets
By Basant El-Faramawy Utah has filed criminal charges against prediction market operator Kalshi and its two co...
EconomyMicrosoft posts $36.6bn profit amid AI spending and workforce buyouts
By Fatma Younis Microsoft reported a quarterly profit of $36.6bn for the three months ended September, with re...
EconomyUK newspapers react to Chancellor Healey's autumn Budget
By Islam El-Sakka British newspapers on Thursday focused their front pages on Chancellor John Healey's autumn ...
EconomyUK Prime Minister Andy Burnham Defends Budget Amid Criticism
By Ahmed Abdelsalam UK Prime Minister Andy Burnham defended the government's Budget against claims it lacks bo...
EconomyMicrosoft Beats Estimates With $92.3bn Quarterly Revenue Amid Buyouts
By Karim Hammam Microsoft reported quarterly revenue of $92.3 billion and profit of $36.6 billion, surpassing ...
EconomyUK inflation to peak at 3.75% as growth slows, OBR warns
By Fatma Younis The Office for Budget Responsibility (OBR) has warned that UK inflation will surge to a peak o...
EconomyFed Holds Rates Steady, Plans Fewer Meetings
By Fatma Younis The Federal Reserve held interest rates steady on Wednesday, maintaining the target range of 3...
EconomyUK Budget 2026: Healey Delivers Cautious Package of Small Measures
By Basant El-Faramawy Chancellor John Healey delivered his first budget on Wednesday, characterized as a "flot...
EconomyPurina Invests in Soil Health to Safeguard Pet Food Ingredients
By Karim Hammam Soil health is rapidly becoming a supply-chain priority for pet food manufacturers as extreme ...
EconomyUS Lawmakers Urge FTC Probe into Overcharging at Dollar General, 7-Eleven
By Fatma Younis Thirty-four members of Congress have called on the Federal Trade Commission to investigate wid...
EconomyUK Budget: £100 energy payment funded by bank profit tax
By Basant El-Faramawy UK Chancellor John Healey delivered his first Budget on 28 October 2026, announcing a on...
EconomyAllison Pearson Negotiates Exit as Daily Telegraph Cuts 100 Jobs
By Basant El-Faramawy Daily Telegraph columnist Allison Pearson is in negotiations to leave the newspaper as i...
EconomyUK Budget Announces ISA Rule Changes Affecting Savers
By Sohaib Shams The UK Budget has unveiled a series of changes to Individual Savings Account (ISA) rules that ...
EconomyBudget Grants Mayors Tax Powers for Bakerloo Line Extension
By Salma El-Sakka The UK government's latest budget will devolve business rates and a share of income tax reve...
EconomyUK Warm Homes Loan Scheme Offers Low-Interest Solar Finance
By Basant El-Faramawy The UK government's Warm Homes Loan Scheme launched on 27 October, providing households ...
EconomyUK Chancellor Healey unveils £100 household handout funded by bank and landlord tax hikes
By Salma El-Sakka UK Chancellor John Healey unveiled his first budget on Wednesday, announcing a £100 winter p...
EconomyUK economy faces grim outlook as energy prices surge, OBR warns
By Fatma Younis The UK is feeling the full force of the Middle East conflict on its economy despite no direct ...
EconomyFed Holds Rates Steady at 3.9% Amid Inflation Concerns
By Sohaib Shams The Federal Reserve left its benchmark interest rate unchanged at roughly 3.9% on Wednesday, p...
EconomyUK Chancellor Orders 1% Department Cuts to Fund Defence Plan
By Salma El-Sakka Chancellor John Healey has told every government department to find 1% cuts in their capital...
EconomyUK tax thresholds frozen until 2031, then to rise with inflation
By Basant El-Faramawy Income tax thresholds, frozen since 2021, will remain at current levels until April 2031...
EconomyMartin Lewis Reacts to UK Autumn Budget: Three Key Takeaways
By Basant El-Faramawy Money expert Martin Lewis has delivered his verdict on the first Autumn Budget under Pri...
EconomyUK Budget 2026: Measures for Under-25s Include Wage Rise and Housing Help
By Salma El-Sakka Chancellor John Healey unveiled his Budget on Wednesday, outlining a series of measures aime...
EconomyFederal Reserve Holds Rates Steady Ahead of Midterm Elections
By Basant El-Faramawy The Federal Reserve held its benchmark interest rate steady on Wednesday, maintaining th...
EconomyUK Budget 2026: Healey Unveils Defensive Package Amid Grim Forecasts
By Fatma Younis Chancellor John Healey delivered his first Budget on Wednesday, framing a package of 98 short-...
EconomyUK Chancellor Unveils High Street Support Funded by Gambling Tax Hike
By Karim Hammam Chancellor John Healey has announced a package of measures to support Britain’s high streets, ...
EconomyUK Budget Unveils £4.7bn First-Time Buyer Scheme and New ISA
By Basant El-Faramawy The UK government has announced a package of measures in the Budget aimed at helping fir...
EconomyCanada-US Trade Talks Show Modest Progress as Midterms Approach
By Karim Hammam Trade negotiations between Canada and the United States have made only modest progress, a Cana...
EconomyHealey's First Budget Warns Grim Household Outlook Despite Energy Help
By Karim Hammam Chancellor John Healey delivered his first Budget on Wednesday, unveiling a £100 energy bill d...
EconomyPet Food Industry Turns to Regenerative Agriculture to Secure Supply Chains
By Ahmed Abdelsalam Soil health is rapidly shifting from an environmental concern to a supply chain priority f...
EconomyUK Budget: Healey unveils energy aid, tax changes amid growth downgrade
By Salma El-Sakka Chancellor John Healey delivered the first Budget of the Andy Burnham administration, announ...
EconomyNewark Airport Self-Checkout Sparks Outrage Over 18% Tip Prompt
By Karim Hammam Outrage over tipping culture has erupted again after a self-service checkout at Newark Liberty...
EconomyUK Budget 2026: Energy payments, fuel duty freeze and ISA changes
By Fatma Younis Chancellor John Healey unveiled his first Budget on Wednesday, offering households a £100 ener...