Economic Indicators

Lebanese economy hammered by political crisis, debt

Ahmad Harb opened his perfume shop on the main street of Beirut's commercial Hamra district 35 years ago, and his business has weathered security and political crises in this volatile country, including a civil war.

US-China trade talks end with no breakthrough

U.S. and Chinese negotiators have ended two days of meetings without reaching a breakthrough in a trade dispute between the world's two biggest economies that has disrupted global commerce.

UK govt says 'no-deal' Brexit would mean red tape, expense

The British government says it will unilaterally accept some European Union rules and give EU financial services firms continued access to the UK market in order to maintain stability if the country crashes out of the bloc without a deal.

US new-home sales fell 1.7 percent in July

Sales of new U.S. homes slumped 1.7 percent in July, the second straight monthly decline as the broader housing market appears to have lost some of its momentum despite an otherwise solid economy.

US July new home sales fall to 9-month low

The sector has been plagued by rising building material costs and shortages of land and labor, which have put a squeeze on the supply of houses available for sale and kept house prices elevated.