After Venezuela's president announced a sixty-fold increase in the minimum wage merchants may be forced out of business
A European-wide drought is devastating harvests leading to warnings about possible food price increases
This university professor needs four months wages to repair his shoes.
Minimum wage in Caracas can buy you five cups of coffee — or half a burger. But what other things can you buy with one month's pay in the South American country?
The British pound slipped to a one-week low on Wednesday as lower-than-expected inflation data undermined the chances of an interest rate rise.
Pre-Brexit referendum, the UK economy was strong and is still growing but from one of the fastest it's fallen to one of the slowest
Venezuelan President Nicolas Maduro has announced that the country's bank notes will be re-issued but with three less zeros. The move is the result of a economic crisis that has seen the bolivar plummet against other currencies.
European Central Bank President Mario Draghi says he sees no reason to change current policy
America's Federal Reserve may be prompted to act more drastically should inflation take off, and higher interest rates mean slower economic growth.
Venezuelan president hopes to take advantage of opposition disarray
Shops and homes are looted for a second night as people struggle to buy food
One major supermarket in the Venezuelan capital didn't open for hours. When it finally did, only crackers and washing liquid were discounted, just as millions cannot eat three proper meals a day.
The European Central Bank raised growth and inflation forecasts for the euro area but stuck to its pledge to provide stimulus for as long as needed, predicting inflation would remain below target into 2020.
The Bank of England keeps interest rates on hold as real wages fall and consumers suffer biggest loss of spending power in 40 years.
BoE will have to write to Chancellor after breaking through 2% target ceiling to reach 3.1% in November.
Emmerson Mnangagwa, Zimbabwe’s newly inaugurated president, has vowed to revive the country's economy
UK economy: Britain is on course for its longest fall in living standards since records began, with wages not returning to their pre-financial crisis levels until at least 2025
UK inflation unexpectedly held steady last month.
The annual rate was unchanged from September’s five-and-half year
high of 3%, official data
Unemployment is at its lowest level for more than four decades but inflation threatens to rise
British inflation rose to its highest level in more than five years for September, adding to the likelihood that the Bank of England will raise interest rates next month
The pound has hit a one-year high after UK inflation climbed to its highest rate in more than five years.
The Consumer Price Index showed
Venezuela continues to reel under a political and economic crisis but President Nicholas Maduro shows no sign of changing course. Maduro says he's willing to be a dictator if it will help turn the country around.
Britain’s economy has grown by just 0.3 percent in the second quarter of 2017, marking what government statisticians are calling a “notable slowdown”
Eurostat figures show consumer prices for June were up by an annual rate of 1.3 percent.
The new data complicates the debate among Bank of England officials over the need for higher interest rates
A young Venezuelan explains why she had to 'escape' her beloved country and what has led to the crisis it is enduring