European equities slip on Ukraine fears
European stock markets slid Wednesday, with investors spooked over a deadly missile blast in Poland near the border with Ukraine.
European shares pulled down by Mercedes, defence stocks up after Poland blast
European shares fell on Wednesday, with Mercedes Benz Group leading losses in automobiles stocks, while a blast in Poland kept sentiment subdued and pushed up defence stocks.
UK inflation accelerates to 41-year peak
British inflation has jumped to a 41-year high on soaring energy and food bills in a worsening cost-of-living crisis, data showed Wednesday on the eve of a key budget.
Sterling, Big Oil and homebuilders: The winners and losers from upcoming UK budget
The moment of truth is almost here for Britain's new prime minister Rishi Sunak and finance minister Jeremy Hunt.
More UK misery as economy contracts in third quarter
Britain's economy shrank in the third quarter as inflation soars, official data showed Friday, likely confirming it is already in a recession, dealing a fresh blow to new Prime Minister Rishi Sunak.
European shares ease from eight-week highs as U.S. midterm results pour in
European shares came off eight-week highs Wednesday as Marks & Spencer led declines among retailers, while investors closely tracked results from the U.S.
Recession fears stalk Europe despite surprise German growth
Germany's economy unexpectedly grew in the third quarter, official data showed Friday, but slowing growth in France and Spain added to fears that high inflation and an energy crisis will tip the region into recession.
UK economy on brink of recession as it shrinks in August
Britain's economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growth.
Britons turn to electric blankets and candles as winter looms
British shoppers are stocking up on electric blankets, candles and energy-efficient slow cookers as surging gas bills and record food price inflation force millions of people to prepare for a tough winter ahead.
UK consumer spending lags far behind inflation, BRC and Barclaycard surveys show
British consumer spending grew last month at a rate that lagged behind inflation by a long way, according to surveys on Tuesday that underlined the risk of recession as the cost-of-living crisis rumbles on.
Tesco lowers profit sights as British shoppers face winter crunch
Tesco, Britain's biggest retailer, forecast full-year profit at the lower end of its previous guidance, blaming uncertainty over how consumer spending will evolve amid a worsening cost-of-living squeeze.
Bank of Spain cuts 2023 growth forecast to 1.4%, lifts 2022 forecast
The Bank of Spain on Wednesday significantly cut its GDP growth forecast for next year due to the impact of higher energy prices in Europe and lower consumer spending.
UK business activity slides in September by most since early 2021
Britain's private-sector economy last month suffered the sharpest contraction in activity since a COVID lockdown early last year, underlining the challenge facing Prime Minister Liz Truss who on Wednesday emphasised her push for economic growth.
Return Of Pet Projects In U.S. Congress Crowds Out Funding For Others
Glen Ullin, North Dakota, was first in line for money to replace its leaky water pipes before Washington cut funding by one-third this spring.
Euro zone likely entering recession as price rises hit demand - PMI
A downturn in business activity across the euro zone deepened in September, according to a survey which showed the economy was likely entering a recession as consumers rein in spending amid a cost of living crisis.
Europe throws billions at energy crisis
Almost every week now, European governments are announcing emergency measures to protect households and businesses from the energy crisis stemming from Russia's war in Ukraine.
Bank of England set for second hefty rate rise in a row
The Bank of England looks set to raise interest rates by at least half a percentage point on Thursday in a bid to tame inflation that is just off a 40-year high, against a backdrop of a tumbling currency and a free-spending government.
Nestle Adapts As Hoarding Picks Up In Asia, North Africa
Seyda Bal, who works at a bank in Istanbul, is so anxious about the rising price of groceries that she's lapsed into a pandemic-era habit: hoarding packaged goods like coffee and toilet paper.
Japan Opposition Calls For Fiscal Stimulus, Not Rate Hike, To Cope With Weak Yen
Japan should not raise interest rates to stem recent sharp falls in the yen to 24-year lows but instead deploy further fiscal stimulus to ease the pain of rising living costs caused by the weak currency, the head of the country's opposition party said.
Gusher Of Pandemic Aid Averted Global Depression, But Left A Bad Hangover
Economists around the world, from the most liberal free-spenders to fiscal conservative deficit hawks, largely agreed the coronavirus pandemic required a go-big, go-fast policy response to avoid an outright global depression.
Britain goes big to ease energy shock, EU meets on Friday
Britain will cap consumer energy bills for two years and funnel billions to prop up power companies, its new leader Liz Truss said on Thursday in a bid to tackle an energy crisis that has Europe and Russia squaring off in a deepening economic war.
BoE says Truss plans could slow inflation, too soon to talk about rates
Britain's surging inflation could slow if new Prime Minister Liz Truss helps households and businesses cope with rocketing energy costs, but it is too soon to say what that will mean for interest rates, the BoE's chief economist said.
Murmurs Of 'Sterling Crisis' No Longer Fanciful: Mike Dolan
Even though fears of another "sterling crisis" have been wide of the mark for decades, they are harder to bat away this time around as a fourth British prime minister in six years takes the helm.
Europe heading for recession as cost of living crisis deepens
The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending.
UK real incomes to fall 10% in next two years: think tank
UK household incomes are set to fall 10 percent in real terms in the next two years in the steepest such drop for a century.
U.S. Labor Day Weekend Travel Volumes Seen Rebounding To Pre-pandemic Levels
The number of people traveling for the U.S. Labor Day holiday weekend is expected to rebound to pre-pandemic levels and possibly set new records in some cases, according to several travel companies.
Inflation angst grips German consumers as blues ease in France
Consumer morale in the euro zone's two biggest economies diverged starkly in August as French consumers benefited from fresh government measures while concerns over rising energy bills hit their German counterparts, surveys showed on Friday.
UK economy slows as factories report output slump
Britain's private sector slowed to a crawl in August as factory output fell and the larger services sector eked out only a modest expansion, adding to signs that recession may be looming, a closely watched survey showed on Tuesday.
Online discounts boost struggling UK retailers in July
British shoppers spent more than expected last month after being enticed by online shopping deals, official figures showed on Friday, but sales volumes look set to resume their decline as households face the highest inflation in 40 years.
UK consumer sentiment hits record low as inflation soars - GfK
British households are feeling "a sense of exasperation" about the surging cost of living which has pushed consumer sentiment to its lowest since at least 1974, according to the country's longest-running survey of household finances.