Earlier this month, Wikinews spoke with University of Sussex professor of economics L. Alan Winters regarding the decision of the United Kingdom to leave the European Union (EU) in the 2016 Brexit referendum and the…
Chancellor of the Exchequer Rishi Sunak announced the UK's 2021 budget on Wednesday in the House of Commons. This comes amid significant damage to the country's economy from the COVID-19 pandemic, in which over 700…
Christine Lagarde, head of the International Monetary Fund (IMF), today said the United Kingdom (UK) voting to leave the European Union (EU) would have negative consequences for the country's economy and the wider…
The governor of the Bank of England, Mark Carney, has warned that the state of the housing market in the United Kingdom is the current biggest domestic threat to the country's economy, due to lack of house building, and…
The United States economy shrank by 0.1% in the last three months of 2012 according to official statistics released on Wednesday by the United States Department of Commerce. The contraction in the economy comes after…
The United Kingdom economy shrank by 0.3% in the fourth quarter of 2012 according to figures released today by the Office for National Statistics, increasing the likelihood of a triple-dip recession. This comes after…
The Philippine economy grew by 5.9%, annual rate, during the second quarter of 2012 which is less than the first quarter's figure of more than 6% annual rate, as reported by The Associated Press. According to Economic…
Border patrols at Britain's airports may be left short-staffed as the Public and Commercial Services Union (PCS) have voted to strike for twenty-four hours next week on Thursday, July 26, the day before the opening of…
Germany's Chancellor Angela Merkel gave yesterday's opening address to the 42nd meeting of the World Economic Forum (WEF), which is facing a distinctly different geo-political landscape from twelve months ago. Outside…
China's National Bureau of Statistics released data Saturday showing that the consumer price index (CPI) for June climbed 6.4% from a year ago. That compares with a 5.5% rise in May, which was the largest since a 6.3%…
Hundreds of thousands of British public sector workers went on strike across the country yesterday to protest planned changes to pensions. As industrial action swept the country, half of all schools were hit when…
Workers in Greece have gone on strike in protest against the government's second round of austerity packages. Greek prime minister George Papandreou announced €28 billion in cuts Monday; loans worth up to €155 billion…
U.S.-based credit rating agency Standard & Poor's (S&P) announced Monday its decision to downgrade its outlook for the U.S. long-term debt from "stable" to "negative", saying it is not confident the U.S. Congress and…
Sales of existing homes in the U.S. fell 9.6% in February, the National Association of Realtors (NAR) said today, in a sign that the U.S. housing market is still depressed. The figure was worse than the 3.9% decline…
The Group of 20 (G20) of the world's leading developed and developing countries' finance ministers agreed on Saturday to pursue a plan that would avoid dangerous currency devaluations and would also would attempt to…
Halifax, a bank in the United Kingdom, has announced that house prices in the country rose 0.6% during the month of July 2010, according to a survey of house prices made by the mortgage provider. House prices fell 0.6%…
Britain's Chancellor of the Exchequer, Alistair Darling, today unveiled the country's final annual budget before the general election. The biggest announcements included abolishing stamp duty on homes under £250,000 for…
According to administration officials, US president Barack Obama is to announce a partial government spending freeze to try and lower the country's current US$1.4 trillion deficit in the 2011
Bill Gates, the world's richest man and chairman of Microsoft, has said that he thinks it could take several more years for the global economy to rebound after the recent recession, which most economists believe began…
The Bank of England has held UK interest rates at 0.5% for another month. The rate is the lowest ever, and has remained in place since March last year as part of the central bank's response to the global financial…
