News
Gold price resumes its rise to hit new record
1+ hour, 57+ min ago (1053+ words) After dipping since October, the price of gold has resumed its rise and hit a new record high of $4,442 per ounce on Monday, up by as much as 2.4 percent during the day. The price of silver also reached a record…...
Sharp price increases make basic foodstuffs unaffordable for millions in Canada
2+ hour, 41+ min ago (420+ words) The latest report on food prices in Canada confirms what the working class, and especially the most vulnerable in society, already know: Nutritious food is quickly becoming a luxury item in one of the world's most advanced and wealthiest capitalist…...
Growing problems in Chinese economy
6+ day, 22+ hour ago (1123+ words) China has recorded a $1 trillion trade surplus for the first 11 months of the year, despite the imposition of tariffs by US President Trump, but all is far from well in its internal economy. The latest data point to problems on…...
US unemployment highest in 5 years, as Ford, other companies announce layoffs before Christmas
6+ day, 23+ hour ago (502+ words) In Detroit, the last day of work for more than 1,100 workers at General Motors" Factory Zero is scheduled for Friday. These moves are the latest in a wave of layoffs across the auto industry driven by trade war measures and…...
60,000 multimillionaires own more wealth than half the world’s population: The case for expropriation
1+ week, 5+ day ago (785+ words) A new report from the World Inequality Lab, the product of four years of comprehensive research, finds that economic inequality on a world scale continues to increase by leaps and bounds, with vast wealth concentrated in a tiny handful of…...
US Federal Reserve cuts interest rate in split decision
1+ week, 5+ day ago (971+ words) The US Federal Reserve again lowered its interest rate by a quarter percentage point yesterday'for the third time in a row'to bring it to the lowest level in three years. But it was a split decision: Two members of the…...
China trade surplus tops $1 trillion
2+ week, 1+ hour ago (987+ words) The upheavals in the global trading system flowing from US president Trump's tariff war against China and much of the rest of world are reflected in the trade surplus figures announced by Beijing on Monday. In the first 11 months of…...
Australian economy “flat” amid global volatility
2+ week, 5+ day ago (852+ words) Australia's latest gross domestic product (GDP) figures show zero growth of production per person in the September quarter of 2025, a result that the Australian Bureau of Statistics described as "flat." The data showed a drop in the per capita growth…...
A top-level warning of heightened global financial risks
2+ week, 5+ day ago (1141+ words) The Bank for International Settlements, the umbrella organisation of the world's central banks, is warning that the rise in government debt and changes in the way it is being financed are creating heightened risks for the stability of the global…...
Elevated Australian inflation rules out further interest rate cuts
3+ week, 5+ day ago (1110+ words) Australian home buyers battling to pay off mortgages have no possibility of even any limited relief through a cut in interest rates for the foreseeable future. The latest inflation numbers released on Wednesday have taken that prospect off the agenda…...