Economy

A pedestrian speaks on a mobile phone as he watches a digital screen relaying the budget speech by Indian Finance Minister Nirmala Sitharaman on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2021.PUNIT PARANJPE |…

Photo: Getty (Getty Images)Inflation affected car ownership and its related expenses more than other essential goods and services in the U.S. this year. Never mind that the inflation rate reportedly increased to 6.8 percent, the highest…

The Confederation of British Industry said in its latest forecast that a "short-lived recovery" in capital spending would end in 2023 because of tax hikes on companies.Investment in the United Kingdom has lagged that of other advanced…

This past March, U.S. Rep. Antonio Delgado urged Gov. Kathy Hochul to reconsider a lowering of the threshold for overtime pay for agriculture workers from 60 hours a week to 40. Now, a day after he was sworn in as lieutenant governor,…

The Dow fell nearly 600 points, or 1.7%, in early morning trading Monday. The S&P 500 was down 1.4% while the tech-heavy Nasdaq dropped 1.2%. On Friday, the Dow finished down 532 points, or 1.5%. It was its worst drop in three…

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An ex-employee of the leading non-fungible tokens (NFT) marketplace has been charged with wire fraud and money-laundering offences in a sign that US law enforcement will no longer turn a blind eye to the crypto economy.Nathaniel Chastain…

Pedestrians stand in line at a Covid-19 mobile testing site at Columbus Circle in New York, on Dec. 5, 2021.Jeenah Moon/Bloomberg via Getty ImagesCovid cases are spiking in some parts of the U.S., and the highly contagious omicron…

Scottish business confidence fell 3% to 24% during December, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported lower confidence in their own business prospects…

The 2021 growth figure is roughly in line with the expectations set by many economists. And it outstrips the Chinese government's target last year for its economy to expand at least 6%.But GDP expanded just 4% in the last quarter of the…