Economy and business news from around the world

Economy

U.S unemployment rate heads for 50 year low

The September gain extended an 8½-year streak of monthly job growth with millions of Americans having gone back to work since the Great Recession.

Oct 5, 2018

By Associated Press

Donald Trump

USMCA a victory For Donald Trump, reduces global trade war risk: Analysts

Deal was a victory for President Trump, but offered little to the U.S. while giving the best possible outcome for Canada.

Oct 4, 2018

By Pronita Naidu

Donald Trump

Europe 'can't cope with another slump,' Moody's warns

Risks range from trade tensions and a still unresolved Brexit, higher oil prices and dangerous reform reversals in Italy.

Oct 2, 2018

By Associated Press

Italy

Indonesia tsunami and earthquake:Asia counts cost of economic damage, human toll of string of disasters

Annual losses from disasters like earthquakes, tsunamis and typhoons average $250 billion to $300 billion.

Oct 1, 2018

By Associated Press

Nafta 2.0: Canada and U.S make concessions to get last-minute USMCA across the line

Donald Trump campaigned on a promise to rewrite Nafta — or get rid of it.

Oct 1, 2018

By Associated Press

Donald Trump

Chequers vs Canada-plus Brexit trade plans – 7 key differences explained

Overall, neither proposal is very attractive from an economic point of view.

Sep 27, 2018

By L Alan Winters

Brexit Theresa May

Christine Lagarde, Managing Director of the IMF

IMF agrees to pump $57bn into Agrentina's teetering economy

South America's second-largest economy battered by a run on the Argentine peso amid double-digit inflation.

Sep 27, 2018

By Associated Press

Argentina IMF

Long trade war would hurt US more than China - ECB report

The effect on China would be cushioned by diverting those products to other export markets, say the European Central Bank.

Sep 26, 2018

By Associated Press

European Central Bank Donald Trump

Gaza: 70 percent youth unemployment as Israel's blockade threatens economic disaster

World Bank: War, isolation, and internal rivalries has left Gaza in a crippling economic state and exacerbated the human distress.

Sep 25, 2018

By Associated Press

U.S recession fears: No need for alarm over 2-10\'s yield curve inversion

Top analysts told International Business Times there is no reason to be alarmed when there is no evidence of weakening in the economy.

Sep 25, 2018

By Pronita Naidu

Italexit? Leaving the EU would be a 'nightmare' for Italy, say analysts

Italy will not exit the European Union despite budget deficit worries, believe economists polled by International Business Times.

Sep 25, 2018

By Pronita Naidu

Italy European Union

US Federal Reserve to lift interest rates Wednesday: IBT Poll

The U.S. economy is humming along, with second-quarter growth rate at 4.2 percent.

Sep 24, 2018

By Nikhil Kumar

China running out of U.S. imports for retaliation as Trump's tariffs war intensifies

Chinese government accused the Trump administration in a report of "trade bullyism" and of preaching "economic hegemony."

Sep 24, 2018

By Associated Press

Donald Trump

Pound plummets as Theresa May confronts European Union over Salzburg 'disrespect'

French President Emmanuel Macron called pro-Brexit U.K. politicians "liars" who had misled the country

Sep 21, 2018

By Associated Press

Theresa May Brexit European Union

Is Chequers plan dead? Why Theresa May\'s Brexit great escape is still possible

Theresa May's trip to Austria has made it even harder to argue that Chequers is really the answer to the Brexit question.

Sep 21, 2018

By Simon Usherwood

Theresa May Brexit European Union

Prime Minister Theresa May's Brexit blueprint ripped to shreds in Salzburg

The Brexit-supporting UK tabloid Sun branded bloc leaders "EU dirty rats," accusing "Euro mobsters" Tusk and Macron of "ambushing" May.

Sep 21, 2018

By Associated Press

Brexit European Union Theresa May

Brexit: What EU migration has done for the UK

Despite the numerous positive benefits, it may be in private-rented accommodation and low-paid work where the impact is most perceived.

Sep 20, 2018

By Louise Ryan

UK Housing Brexit

Is Theresa May facing Brexit humiliation in Salzburg?

European Union leaders are pressing for a second UK referendum on Brexit, according to reports.

Sep 20, 2018

By Associated Press

Brexit Theresa May

Trump imposes tariffs on $200B more of Chinese goods

The tariffs will start at 10 percent, beginning Monday of next week, and then rise to 25 percent on Jan. 1.

Sep 18, 2018

By Associated Press

Financial crisis 2008: Five biggest risks of a new crash

Is the world "sleepwalking" into the next global financial crisis?

Sep 14, 2018

By Nafis Alam

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