Economy
Latest articles and news in Economy
EconomyUK Charity Shop Profits Plummet Amid Secondhand Market Shift
By Ahmed Abdelsalam Profits at some of the UK’s best-known charity shops have plummeted as the sector grapples...
EconomyTrump's Financial Record: Gains, Tariffs, and Cost-of-Living Crisis
By Sohaib Shams With the U.S. midterm elections days away, President Donald Trump faces voter backlash over th...
EconomyCity of London chief Ian Thomas named UK's most influential black Briton
By Karim Hammam The chief executive of the City of London Corporation, Ian Thomas, has been named the UK’s mos...
EconomyUS Jobs Data, Corporate Earnings Dominate Economic Calendar
By Salma El-Sakka The coming week will feature a slate of major employment reports and corporate earnings rele...
EconomyChina Manufacturing PMI Falls to 49.3 in October
By Sohaib Shams China's factory activity contracted in October, reversing a brief rebound in September, as new...
EconomyNorth Korea's Lazarus Group Suspected in $6.3 Billion Binance Hack
By Fatma Younis Two major blockchain analytics firms have identified North Korea's state-backed Lazarus Group ...
EconomyCanadian Town Fights to Save Paper Mill Amid Trump Tariffs
By Salma El-Sakka Residents of Témiscaming, Quebec, are racing to save their community's paper mill after U.S....
EconomyHalloween Chocolate Sales Drop on Cost, Health Concerns
By Basant El-Faramawy Seasonal chocolate revenue in the United States fell $33.1 million over the nine weeks e...
EconomyMedian US Bank Balance $8,200 in 2025, Education Biggest Factor
By Islam El-Sakka New data from the Federal Reserve’s Survey of Consumer Finances shows the median U.S. househ...
EconomyUK Retail Giants to Report Earnings Amid Spending Concerns
By Basant El-Faramawy Major UK retailers including Marks & Spencer, Primark, Next and Asos are scheduled to pu...
EconomyJet2 Unveils First Business Class-Only Plane
By Karim Hammam Jet2 has unveiled its first business class-only plane, offering an all-premium cabin for passe...
EconomyChina Haul Trend Boosts Foreign Spending at Canton Fair
By Sohaib Shams The "China Haul" trend is drawing foreign buyers to the China Import and Export Fair, known as...
EconomyAI Transforms Business Deals at Canton Fair
By Sohaib Shams Artificial intelligence is playing an expanding role in facilitating trade at the 140th China ...
EconomyZhou Qunfei Named China's Richest Woman After Factory Worker Past
By Ahmed Abdelsalam Former factory worker Zhou Qunfei, who dropped out of school, has been named China's riche...
EconomyJet2 Launches First Business-Class-Only Aircraft for Charter Flights
By Salma El-Sakka Jet2 has introduced its first aircraft configured exclusively for business-class travel, a B...
EconomyUK Autumn Budget Raises Tax-Free Allowance for Side Hustlers
By Ahmed Abdelsalam The UK government announced in its autumn Budget that the tax-free income allowance will i...
EconomyZhou Qunfei named China's richest woman again
By Salma El-Sakka Zhou Qunfei, a 56-year-old former factory worker who dropped out of school, has topped the H...
EconomyUK Watchdog Investigates Meta Over Publisher Terms
By Sohaib Shams The UK’s Competition and Markets Authority (CMA) has launched an investigation into Meta, the ...
EconomyCongress Considers Ban on Unauthorized Restaurant Listings by Delivery Apps
By Islam El-Sakka Bipartisan legislation introduced in the U.S. House would prohibit third-party food delivery...
EconomyOver 3 million UK families missing £4,700 in unclaimed benefits
By Fatma Younis More than three million eligible families in the UK are failing to claim essential government ...
EconomyEurozone Economy Grows 0.4% in Q3 Despite Iran War Energy Shock
By Ahmed Abdelsalam Europe's economy expanded moderately in the third quarter, shrugging off higher oil prices...
EconomyAstraZeneca Unveils £1.1bn Annual Cost-Cutting Plan
By Islam El-Sakka Pharmaceutical giant AstraZeneca has announced a major restructuring programme aimed at cutt...
EconomyUK tax-free side-hustle allowance rises to £3,000 in 2027 Budget
By Salma El-Sakka The UK government will raise the tax-free allowance for side-hustle income from £1,000 to £3...
EconomyUK households to receive £100 energy payment in 2027
By Sohaib Shams Around 20 million households in England will receive a £100 payment in January 2027 to help of...
EconomyMobico agrees £308m takeover by Spanish bus operator Autobuses de Leon
By Karim Hammam National Express owner Mobico has agreed to a £308 million takeover by Spanish bus operator Au...
EconomyYorkshire Water CEO Steps Down After One-Star Environmental Rating
By Islam El-Sakka Yorkshire Water chief executive Nicola Shaw has announced her departure after four and a hal...
EconomyBurnham says first budget less radical than planned
By Islam El-Sakka Greater Manchester Mayor Andy Burnham has acknowledged that his first budget was not as radi...
EconomyAngela Rayner Pledges High Street Revival Before Next Election
By Islam El-Sakka Housing Secretary Angela Rayner has said voters will begin to see improvements in their loca...
EconomyElectricity Bills Surge 5% Ahead of Midterms, Fueling Voter Backlash
By Ahmed Abdelsalam Residential electricity costs have jumped approximately 5% nationwide over the past year, ...
EconomyUS Economy Shows Mixed Signals Ahead of Midterm Elections
By Fatma Younis With the November 3 midterm elections days away, the federal government has released the final...
EconomyBinance Estimates Security Breach Impact at $6.3 Billion
By Sohaib Shams Binance said its initial investigation into a security incident suggests an attacker may have ...
EconomyYorkshire Water CEO Resigns After Environmental Downgrade
By Karim Hammam Yorkshire Water chief executive Nicola Shaw has announced she will step down on 1 January, a d...
EconomyUK House Price Growth Hits Near Three-Year Low
By Fatma Younis UK house price growth slowed to its weakest annual pace in almost three years in October, as h...
EconomyUK to Require Foreign Defence Contractors to Invest in Britain
By Salma El-Sakka Foreign defence firms awarded UK contracts worth more than £50 million will have to invest a...
EconomyLiving to 100: Can Your Pension Savings Last?
By Salma El-Sakka Britons are living longer than ever, with the number of centenarians soaring nearly 90 per c...
EconomyUK Budget: John Healey's Announcement Addresses Pensioners and Income Tax
By Basant El-Faramawy The UK Budget includes an announcement from John Healey that pertains to pensioners and ...
EconomyBurnham Admits First Budget Fell Short of Radical Goals
By Fatma Younis British Prime Minister Andy Burnham has conceded that his first budget, delivered this week, w...
EconomyBitcoin Market Plunges After $6.3 Billion Binance Hack
By Islam El-Sakka Bitcoin markets were thrown into chaos amid fears that Binance, the world's largest cryptocu...
EconomyUK side-hustle tax-free allowance to rise to £3,000 next year
By Fatma Younis The UK government will raise the tax-free trading allowance for side hustles from £1,000 to £3...
EconomyTUC predicts wave of union recognition deals in private sector
By Islam El-Sakka The Trades Union Congress (TUC) general secretary, Paul Nowak, predicts a surge of union rec...
EconomySyrians Protest Soaring Costs as Post-Assad Recovery Falters
By Salma El-Sakka Protests erupted across Syria last month over fuel price increases, marking the largest publ...
EconomyBinance Hack Fears Trigger Crypto Market Turmoil
By Salma El-Sakka Billions of dollars in cryptocurrency may have been stolen from Binance, the world's largest...
EconomyAI Boomerang: Companies Rehire Staff After Automation Falls Short
By Karim Hammam Major corporations including Microsoft, Barclays, and Kroger have cut jobs to deploy artificia...
EconomyBurger King US Sales Jump 8.4% as Turnaround Gains Momentum
By Sohaib Shams Burger King's U.S. sales surged 8.4 percent in the third quarter of 2026, extending a turnarou...
EconomyHealey Rules Out Welfare Cuts This Parliament Despite £28bn Shortfall
By Islam El-Sakka Chancellor John Healey has backed away from cutting welfare costs during this parliament, ev...
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EconomyItaly to sell personalized car plates to boost revenue
By Basant El-Faramawy Italy plans to introduce personalized vehicle registration plates as a new revenue‑raisi...
EconomyDoorDash to Acquire Instacart for $17 Billion
By Fatma Younis DoorDash has agreed to acquire Instacart for $17 billion, creating a major home delivery platf...
EconomyBritain Needs Bolder Growth Approach, Not Short-Term Budget Fixes
By Sohaib Shams The UK budget delivered by Chancellor John Healey has drawn sharp criticism for prioritizing s...
EconomyMeta Discussed 'Whisper Strategy' Against Jonathan Haidt, Court Documents Show
By Karim Hammam Court documents have revealed that Meta employees discussed a “whisper strategy” aimed at unde...
EconomyHMRC Assigns Compliance Managers to 200 UK-Linked Billionaires
By Ahmed Abdelsalam HM Revenue and Customs (HMRC) has appointed dedicated tax compliance managers for more tha...