Economy
Latest articles and news in Economy
EconomyBurnham vows to cut welfare bill 'as soon as possible'
By Sohaib Shams Greater Manchester Mayor Andy Burnham has said he wants to reduce the UK welfare bill "as soon...
EconomyHealey's 'Breathing Space' Budget 2026 Focuses on Small Measures
By Basant El-Faramawy UK Chancellor John Healey delivered a budget on Wednesday that avoided major tax or spen...
EconomyDoorDash to Acquire Instacart in $17 Billion Deal
By Basant El-Faramawy DoorDash announced Thursday it will acquire grocery delivery company Instacart in a deal...
EconomyHMRC Targets 200 Billionaires in Tax Avoidance Crackdown
By Fatma Younis HMRC has launched a crackdown targeting more than 200 billionaires over suspected tax avoidanc...
EconomyWalmart Launches $3.50 Thanksgiving Meal Deal
By Salma El-Sakka Walmart has introduced a Thanksgiving meal deal priced at $3.50 per person, positioning itse...
EconomyWalmart Offers $35 Thanksgiving Meal Basket, Undercuts Rivals
By Islam El-Sakka Walmart has launched a $35 holiday meal basket designed to serve 10 people, intensifying com...
EconomyUK Budget Property Tax Hike Sparks Rent Rise Fears
By Ahmed Abdelsalam Tenants face higher rents after Chancellor John Healey announced a further two percentage ...
EconomyAirbnb Commits $500 Million for Emergency Housing Stays
By Islam El-Sakka Airbnb has committed $500 million to fund free emergency housing stays, with the company sta...
EconomyNet Worth Needed to Be Considered Rich in America Rises to $1.8 Million
By Sohaib Shams The net worth required to enter the top 10% of U.S. households has risen to $1.8 million, acco...
EconomyPoundland Files for Administration, 12,000 Jobs at Risk
By Ahmed Abdelsalam High street discounter Poundland has filed a notice of intention to appoint administrators...
EconomyUS Inflation Accelerates Before Midterm Elections
By Sohaib Shams U.S. inflation accelerated in September, according to Commerce Department data released Thursd...
EconomyUK's 'micro Budget' aims for stability amid Middle East shock
By Salma El-Sakka The UK government delivered a deliberately small "micro Budget" on Wednesday, avoiding radic...
EconomyThink tank warns Healey's Budget leaves UK vulnerable to economic shocks
By Basant El-Faramawy A think tank has warned that Healey's Budget exposes Britain to further economic shocks,...
EconomyAirbnb Commits $500 Million to Emergency Housing Amid Criticism
By Islam El-Sakka Airbnb announced Wednesday a $500 million commitment over the next five years to its philant...
EconomyPoundland Files for Administration, 12,000 Jobs at Risk
By Salma El-Sakka High street discounter Poundland has filed a notice of intention to appoint administrators, ...
EconomyAirbnb Pledges $500 Million for Emergency Housing Amid Criticism
By Sohaib Shams Airbnb announced Wednesday a $500 million commitment over five years to its philanthropic arm,...
EconomyDoorDash to acquire Instacart in $17bn deal
By Sohaib Shams DoorDash has agreed to acquire grocery delivery company Instacart in a $17 billion deal that t...
EconomyUS Economy Grows 3.4% in Q3 on Consumer Spending, AI Investment
By Salma El-Sakka The U.S. economy expanded at a 3.4% annualized pace in the third quarter, accelerating from ...
EconomyDoorDash to Acquire Instacart for $17 Billion in Grocery Delivery Deal
By Sohaib Shams DoorDash announced Thursday it will acquire grocery delivery rival Instacart for $17 billion, ...
EconomyGuardian Economics Columnist Aditya Chakrabortty to Host Live Q&A
By Karim Hammam The Guardian's senior economics correspondent Aditya Chakrabortty will answer readers' questio...
EconomyPoundland Enters Administration Putting 12,000 Jobs at Risk
By Ahmed Abdelsalam British discount retailer Poundland has entered administration, placing approximately 12,0...
EconomyUK PM vows to cut welfare bill as costs soar
By Basant El-Faramawy The government is working “flat out” to reduce the ballooning welfare bill, Prime Minist...
EconomyHealey Budget Paves Way for Brutal Spending Review, IFS Warns
By Ahmed Abdelsalam The Institute for Fiscal Studies (IFS) has warned that Chancellor John Healey's first budg...
EconomyUK Government Plans to Write Off Energy Debt for Millions of Households
By Sohaib Shams Millions of UK households could have their energy debts written off under new government plans...
EconomyPoundland Files for Administration, 12,000 Jobs at Risk
By Karim Hammam High street discounter Poundland has filed a notice of intention to appoint administrators, pu...
EconomyToblerone Sues Small British Chocolate Maker Over Design
By Sohaib Shams Toblerone has accused a small British chocolate maker of copying its design, leading to a laws...
EconomyMagnum Lifts Sales Forecast After Hot Summer Boost
By Salma El-Sakka Magnum Ice Cream Company has raised its annual sales forecast after a long, hot summer acros...
EconomyDoorDash Acquires Instacart for $17 Billion in Major Delivery Merger
By Ahmed Abdelsalam DoorDash has agreed to acquire grocery delivery company Instacart for $17 billion, creatin...
EconomyUK Minimum Wage to Rise 3.9% in Autumn Budget
By Salma El-Sakka UK minimum wage will increase by 3.9% in the upcoming autumn Budget, providing a boost for w...
EconomyPoundland Files for Administration, 12,000 Jobs at Risk
By Salma El-Sakka High street discounter Poundland has filed a notice of intention to appoint administrators, ...
EconomyPoundland Faces Administration, 12,000 Jobs at Risk
By Islam El-Sakka Poundland is on the brink of administration after its owner, Gordon Brothers, filed a notice...
EconomyHMRC Targets 200 Billionaires in £500m Tax Crackdown
By Ahmed Abdelsalam The UK tax authority HM Revenue and Customs (HMRC) has assigned dedicated “customer compli...
EconomyUS Economy Grows 3.4% in Q3, Outpacing Forecasts
By Basant El-Faramawy The United States economy expanded at an annualized rate of 3.4% in the third quarter, a...
EconomyUS Economy Grows 3.4% in Q3 on Consumer Spending, AI Investment
By Basant El-Faramawy The U.S. economy grew at a 3.4% annualized pace from July through September, according t...
EconomyECB President Christine Lagarde to Step Down Early in February 2027
By Salma El-Sakka European Central Bank President Christine Lagarde will step down on February 7, 2027, nine m...
EconomySeven steps to lower your energy bills this winter
By Sohaib Shams In the Autumn Budget, Chancellor John Healey announced a £100 discount for about 20 million UK...
EconomyUK Mortgage Approvals Fall to Lowest Since 2023
By Fatma Younis Mortgage approvals for house purchases in the UK dropped to 53,443 in September, the lowest mo...
EconomyPoundland Faces Administration, 12,000 Jobs at Risk
By Basant El-Faramawy High street discount chain Poundland is preparing to file a notice of intention to appoi...
EconomyLloyds CFO Warns Bank Tax Hike 'Unhelpful' to UK Growth
By Sohaib Shams Lloyds Banking Group chief financial officer William Chalmers has warned that the planned doub...
EconomyDoorDash to Acquire Instacart for $17 Billion
By Basant El-Faramawy DoorDash announced Thursday it will acquire grocery delivery service Instacart for $17 b...
EconomyFTC Demands Algorithmic Pricing Data from Delta, Uber and Others
By Basant El-Faramawy The Federal Trade Commission has ordered nine major companies — Delta, United, JetBlue, ...
EconomyUK Budget 2026: John Healey's Announcement Impacts Pensioners, Income Tax
By Fatma Younis UK politician John Healey's 2026 Budget announcement will bring changes for pensioners and inc...
EconomyUK Mortgage Approvals Fall to Three-Year Low
By Karim Hammam UK mortgage approvals for house purchases fell to their lowest level in nearly three years in ...
EconomyJohn Healey's Budget 2026 Announcement Affects UK Pensioners and Income Tax
By Salma El-Sakka UK Defence Secretary John Healey has made a Budget 2026 announcement with implications for p...
EconomyUK Budget Announces £100 Energy Support Payment for 20 Million Households
By Islam El-Sakka Around 20 million households in England will receive a £100 payment in January 2027 to help ...
EconomyUK Budget Announces £100 Energy Support Payment
By Islam El-Sakka The UK Budget has announced a £100 energy support payment for households, prompting question...
EconomyAlphabet Shares Drop 9% After Earnings Miss, $8.7B Investment Loss
By Islam El-Sakka Alphabet Inc. shares fell about 9% to $295.20 in after-hours trading Wednesday after the Goo...
EconomyPoundland edges toward collapse after administration notice
By Ahmed Abdelsalam Poundland's future hangs in the balance after the discount retailer filed a notice of inte...
EconomyHealey's Budget Slammed as 'Scattergun' by Resolution Foundation
By Karim Hammam The Resolution Foundation, an economic think tank formerly led by current pensions minister To...
EconomyHealey Warns of Further Spending Cuts After First Budget
By Basant El-Faramawy Chancellor John Healey has signalled that major departmental spending cuts will be neede...