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News: BBC News: Economy

Covid travel tests axed in England and Scotland for fully vaccinated
From 11 February, arrivals in England and Scotland will no longer have to take a test within 48 hours.

Omicron spread led shoppers to desert High Street
Retail sales fell 3.7% last month as Plan B restrictions hit pre-Christmas spending.

US and UK finally sit down on steel tariffs
The US and UK have opened formal discussions on border taxes on UK steel and aluminium.

Property shares in Hong Kong jump after China cuts key mortgage rate
The central bank's move comes as concerns grow about a slowdown in the world's second largest economy.

Surging food prices push inflation to 30-year high
The UK's cost of living surged by 5.4% in the 12 months to December, hitting its highest level since 1992.

Gen Z on battling soaring inflation for the first time
Those aged 18 to 25 have never experienced inflation before in their lives - how are they coping?

Pay rises fail to keep up with the cost of living
Data shows weekly wage growth fell for the first time since July 2020 but vacancies hit a new record.

China cuts interest rates as economic growth slows
Compared to a year earlier, the economy grew 4% in the last three months of 2021, official figures show.

Wealth of world's 10 richest men doubled in pandemic, Oxfam says
Covid-19 has made the rich richer while poverty has increased, the charity Oxfam says.

UK economy above pre-Covid levels in November
Faster than expected growth meant the economy was 0.7% larger than in February 2020, official figures show.

Inflation: South Korea raises rates to pre-pandemic level
Its third interest rate hike in six months comes as it tries to contain rising prices and debt.

US will remove UK steel tariffs 'when the time is right'
Trump-era steel tariffs remain in place on UK exports, though they have been removed for EU products.

A trade deal with India in 2022 would be a big prize
The UK is starting ambitious negotiations with India, but that won't solve the problems with its overall trade strategy.

US consumer prices rise at fastest rate in nearly 40 years
Inflation jumped 7% in December, piling pressure on the US central bank to raise interest rates.

World Bank warns global economy faces grim outlook
The bank predicts a "pronounced slowdown", with global economic growth falling to 4.1% this year.

How the soaring cost of living is hitting Sri Lankans hard
Rising food and fuel prices are making daily life tougher for many ordinary people in Sri Lanka.

Covid: Shoppers swap party clothes for loungewear
Comfy clothes were back in fashion after people were advised to work from home.

Hiring slows in US after record year of job gains
The US added a lower than expected 199,000 jobs last month, the Bureau of Labor Statistics says.

The people using YouTube to pay for their French chateau
How chateaux owners are using advertising revenues from social media posts to earn a living.

Caviar sales soar as more people get a taste for posh fish eggs
Global producers of caviar say that demand has soared since the first lockdown.

'If you eat here, you're dining with rats'
Some New Yorkers are cooling on the craze for street-side restaurant sheds, due to noise and vermin.

The apps ready to deal with our Christmas food leftovers
The amount of food that's still edible but ends up being binned soars over the holiday period.

'I thought I'd forever regret not taking the opportunity'
A growing number of people are deciding to switch to a career that has a positive impact.

Would you give 10% of your salary to charity?
A growing number of people are deciding to give up a substantial chunk of their wages.

Why this city is Europe's best kept cycling secret
Portugal's bike factories have been very busy since April 2020 as cycling has surged in popularity.

The mums using Instagram to offer advice to new parents
Covid has led to an increase in parenting gurus using social media to support new mums and dads.

No regrets! Pandemic purchases that made us happy
Not everyone has buyer's remorse over what they bought in lockdown. For some, it changed their lives.

How will the US deal with a shortage of 80,000 truckers?
The chronic lack of lorry drivers in the US is adding to supply chain woes - and could get worse.

How more of us are leaving screens behind to work outdoors
The pandemic has led to more people taking up work outside, such as becoming gardeners.

How the pandemic made us more adventurous drinkers
Sales of more unusual drinks have soared since the start of the pandemic.

What high inflation means - in 90 seconds
The BBC's consumer affairs correspondent, Colletta Smith, breaks it down.

Winter Olympics: Snowboard company Burton defends working in Xinjiang
Watch as Burton China's chief executive is quizzed on operating in the troubled region.

The alcohol-free 'off-licence' helping with Dry January
"You shouldn't focus on what it is that you're losing, but what you want to gain in your life."

'My life is on hold until the crisis is over'
Liz Vick from Salford lives in a low-rise building which has fire safety issues due to missing cavity barriers, not cladding, so will not be helped by the government's proposals.

Chancellor Rishi Sunak on UK cost of living and rising prices
The chancellor says he wants to “make sure policies we’ve got in place do help people”.

Queen's Platinum Jubilee: Royal Mint releases new coins
We take a look behind the scenes at the Royal Mint, where new coins are designed and produced.

 
Economic Indicators


Employees on Nonfarm Payrolls
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