Federal Reserve hints it will start easing US stimulus

The US central bank could begin withdrawing stimulus this year as the economy rebounds, the Federal Reserve's chairman, Jerome Powell, has said.

US House approves Biden's $3.5tn domestic budget blueprint

The US Congress has approved a $3.5tn (£2.54tn) budget blueprint, setting the stage for Democrats to enact President Joe Biden's ambitious economic agenda.

Saudi oil giant Aramco sees profits soar by almost 300%

Saudi Arabian energy giant Aramco has seen its profits jump almost four times, boosted by a rise in oil prices as demand recovers.

Australia house prices soar at 'unsustainable' rate

House prices are soaring in Australia's state capitals as all-time low interest rates and a lack of properties on the market drive up valuations.

'It was hard to breathe': China flood terror as train carriage submerged