Economy

LEXINGTON, Ky. (LEX 18) — The U.S. Bureau of Labor Statistics released its monthly consumer price index report last week, revealing the inflation rate hit a low in September, a rate that has not been seen in three years. That could mean a more stable economy heading into the holiday shopping season. The overall consumer price index increased…

(Bloomberg) -- New Zealand’s annual inflation rate fell sharply in the third quarter, returning to the central bank’s target band for the first time in more than three years.Most Read from BloombergThe rate fell to 2.2% from 3.3% in the second quarter, Statistics New Zealand said Wednesday in Wellington. The result matched economists’…

LONDON (AP) — Anguilla is raking in extra revenue from registration fees for its .ai web domain thanks to the artificial intelligence boom, but it's not the only place cashing in on demand for websites with distinctive address endings.Here's a look at some other places cashing in on their unique top-level domains:TUVALUTuvalu is a string of…

Mortgage rates have risen for the first time in three months as nervous lenders prepare for Labour’s “painful” Budget. Borrowers are being urged to lock in their mortgage deals now as rates are expected to keep climbing after months of falling.Both NatWest and Santander increased the interest rates on their…

The report provides an overview of significant news events in China and its surrounding areas. In terms of economic growth, Goldman Sachs has slightly adjusted its projection for China's real GDP growth in 2024 from 4.7% to 4.9%. This late Sunday revision reflects optimism about Beijing's economic stimulus plans, which include pre-approving…

A report by the Statistical Center of Iran reveals that the provinces of Kermanshah and Isfahan are facing the most economic challenges, topping the nation’s Misery Index. after five years of high inflation.The index, which combines inflation and unemployment rates, is widely used to assess economic distress.In Kermanshah, the Misery Index…

By Clyde RussellLAUNCESTON, Australia (Reuters) -Western and Chinese investors had different reactions to the latest stimulus pronouncements by Beijing, and it's likely that both groups are somewhat missing the point.At what was a highly anticipated press conference on Saturday, the Ministry of Finance said it was ready to significantly boost…

Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.Sovereign defaults will become more frequent in the coming decade as poorer countries struggle under sizeable debt burdens and the legacy of high borrowing costs, according to S&P Global Ratings.Even though global interest…

Chinese vice-premier He Lifeng has called for more loans and home delivery guarantees for targeted “white list” real estate projects to help stabilise a housing market that has been a stumbling block to the country’s economic recovery.He made the remarks during a trip from Thursday to Saturday to the industrial city of Taiyuan in north China’s…

China’s leaders seem to have invoked the definition of insanity, attributed, perhaps wrongly, to Einstein: doing the same thing over and over again, and expecting different results.For the fourth time in 16 years, Beijing has been spooked by faltering growth into adopting an array of economic stimulus measures designed to reset the economy. It…