Economy and business news from around the world

Economy

Emerging markets have left pain behind, positioned to outperform: NEPC

Tim McCusker, the chief investment officer at NEPC, told International Business Times that China's bets on AI make for attractive investment opportunities.

Mar 28, 2019

By Pronita Naidu

Artificial Intelligence

US budget deficit hits historically high record in February

The U.S. budget deficit continues to break records for vastness as a result of the GOP's Tax Cuts and Jobs Act.

Mar 25, 2019

By Arthur Villasanta

Donald Trump

Anti-Brexit protesters outside the Houses of Parliament

No-deal Brexit rejected by MPs: What does this mean?

After rejecting Prime Minister's Brexit plan twice, the British Parliament on Wednesday voted to reject a no deal Brexit too.

Mar 14, 2019

By Kalyan Kumar

Brexit Theresa May

US GDP falls for third straight quarter, stokes recession fears

The U.S. economy is decelerating and economic data confirms it.

Mar 1, 2019

By Arthur Villasanta

Brexit uncertainty hurt UK economy – extending Article 50 could hurt it more

The ongoing policy uncertainty affects both ends of the economy: consumers and producers.

Mar 1, 2019

By Costas Milas

Brexit Theresa May European Union

Trump says US, China trade talks made 'progress,' delays tariff increase

Trump says there is progress in trade talks with China and that the U.S. won't enforce the March 2 deadline for new tariffs to take effect.

Feb 25, 2019

By Arthur Villasanta

Donald Trump

David Malpass Nominated For World Bank President

Why opposing Trump's World Bank president pick might just work

The power dynamics in the World Bank have changed dramatically.

Feb 21, 2019

By John J Stremlau

US-China trade talks: Will the Chinese keep promises to stop bad behaviour?

China has reneged on past promises it has made to the US.

Feb 20, 2019

By Amitrajeet A. Batabyal

Donald Trump

German Economy Could Face Recession In 2019 Following U.S., China Trade War

Germany is headed for a recession this year as its export driven economy slows due to the global economic downturn and Trump's trade war.

Feb 15, 2019

By Arthur Villasanta

GDP

Renowned Economist Paul Krugman Predicts Global Recession This 2019

Nobel Prize laureate Paul Krugman predicts a worldwide recession this year, or by 2020.

Feb 12, 2019

By Arthur Villasanta

What it would cost to modernize the US nuclear arsenal

Spending on the nuclear triad will flow into contractor coffers for years to come.

Jan 28, 2019

By Lou Whiteman

Brexit: An 'escape room' with no escape

The UK's agonizing efforts to find a path out of the European Union is beginning to look a lot like a game or riddle with no solution – and certainly no winners.

Jan 17, 2019

By Terrence Guay

Brexit European Union

White House hails China trade truce as skeptics raise doubts

The Trump administration is celebrating the 90-day truce it reached in its trade war with China as a significant breakthrough despite scant details.

Dec 4, 2018

By Christopher Rugaber

Donald Trump

May won't rule out no-deal Brexit; bank says firms not ready

The Bank of England warned that such a scenario could plunge the country into its deepest recession in decades.

Nov 30, 2018

By Jill Lawless

Brexit Theresa May

UK central bank warns of deep recession without Brexit deal

Leaving the European Union without a divorce deal could plunge Britain into its deepest recession in nearly a century, the Bank of England warned Wednesday.

Nov 29, 2018

By Jill Lawless

Brexit Theresa May Bank of England

The Brexit breakthrough: Theresa May's Cabinet back historic divorce deal from European Union

Prime Minister emerged from a marathon five-hour Cabinet meeting to say agreement had been reached.

Nov 14, 2018

By Associated Press

Brexit Theresa May European Union

When will Brexit talks torment end? UK says deal 'almost within touching distance'

Theresa May's Cabinet met for an update on the talks, with the prime minister under pressure from pro-Brexit ministers not to make further concessions to the EU.

Nov 13, 2018

By Associated Press

Brexit Theresa May European Union