Sovereign debt is the biggest risk to global growth in 2025, Saudi finance minister says
RIYADH — National debt poses a significant threat to markets in the near future, according to Saudi Arabia’s finance minister.…
Category: Economy
Euro zone inflation rose to 2.4% in December, meeting expectations
Annual inflation in the euro zone increased for the third consecutive month to 2.4% in December, as reported by statistics…
Ray Dalio says the Fed has a tough balancing act as the economy faces ‘enormous amount of debt’
As the U.S. Federal Reserve made its first interest rate cut since the early days of the Covid-19 pandemic, billionaire…
Services index shows big jump in prices for December as companies fear tariffs
Activity in the U.S. services industry accelerated in December, leading to a surge in expectations for price increases due to…
Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market
Initial claims for unemployment insurance were lower than anticipated last week, contradicting indications of a weakening labor market. The Labor…
Why more retirement-age Americans keep working
When Diane Wetherington contemplated retirement, she faced a harsh reality. At 72 years old, she considered spending time on hobbies…
Job openings fell more than expected in July in another sign of labor market softening
Job openings hit a 3½-year low in July, according to the Labor Department’s report on Wednesday, indicating a slack in…
Bank of England presses pause on rate cuts, highlights ‘gradual approach’
The Bank of England announced on Thursday that it would maintain interest rates unchanged after its initial reduction in August,…
UK economy flatlines again in July, below expectations
LONDON — The U.K. economy remained stagnant in July on a month-on-month basis, according to preliminary data released by the…