Economy

Oil prices ended down 7% last week and are lower this year-to-date, despite Middle East tensions.China's economic downturn, the US shale boom, and clean energy are contributing to current oil price trends.Oil market dynamics have changed so much that Saudi Arabia and Russia are diversifying their economies.…

High grocery and rental costs are squeezing lower-income Canadians even as inflation trends downward, a new survey suggests. A slight majority (51 per cent) of respondents in an Angus Reid Institute survey said it is a challenge to keep up with their household food needs. This proportion hasn't changed much since it rose to this…

This article is an on-site version of our Swamp Notes newsletter. Premium subscribers can sign up here to get the newsletter delivered every Monday and Friday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersThere are only two weeks left before the US election, and most of what you’ll read in political coverage…

HAIAN, CHINA - JANUARY 24, 2024 - A staff member of the personal finance business area of a bank counts and arranges the RMB deposited by customers in the daily account in Haian city, Jiangsu province, China, Jan 24, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images)Future Publishing | Future Publishing | Getty…

By Jamie McGeever(Reuters) - A look at the day ahead in Asian markets.The trading week in Asia opens against an increasingly bullish global backdrop fueled by continued strength in U.S. stocks, but with local sentiment more circumspect due to the uncertainty surrounding China's deep-rooted economic problems.The People's Bank of China is expected…

With less than three weeks until Election Day, Trump was in New York City’s neighborhood of the Bronx Thursday to rally support. This was Trump’s most recent visit since hosting a rally earlier this year, proving his focus on garnering votes in the traditionally blue district. “So when you were president, I know for a fact I was able to do…

ISLAMABAD: Poverty reduction in the country is expected to gradually resume as the nation makes progress on reforms and macroeconomic stability, according to a new report from the World Bank. The “Macro Poverty Outlook for Pakistan”, released by the World Bank on Friday, says limited growth in real wages and employment will keep the poverty rate…

It was in the group of children and young people that the risk of poverty rate worsened the most, as well as in families with dependent children, says Pordata, in a statement, highlighting “the greatest increase in the poverty intensity rate in the last decade”.“Looking at the intensity of poverty, there is the biggest increase since 2012, of…

(Bloomberg) -- Even before global finance chiefs fly into Washington over the next few days, they’ve been urged in advance by the International Monetary Fund to tighten their belts.Most Read from BloombergTwo weeks ahead of a potentially era-defining US election, and with the world’s recent inflation crisis barely behind it, ministers and…

A financial expert, Dr. Olutayo Obadina, has said that the government’s floating of the Naira is the cause of the current hardship being faced by Nigerians and not the fuel subsidy removal.Obadina, a PhD holder in Credit and Financial Management, stated this during a news conference in Lagos on Friday.In his address titled “The Mathematics of…