Germany wrestles with economic dependence on China
The Russian invasion of Ukraine and the upheaval caused in Germany by breaking off economic ties with Moscow has cast a new light on Berlin's relationship with another autocratic regime.
EU seeks better alignment with global sustainability rules
The European Union sought on Thursday to reassure international companies it would seek to align its sustainability disclosure rules with a global initiative, after warnings from regulators over fragmenting capital markets.
Bank of England set for biggest rate hike in 33 years
The move would mirror aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades.
European stocks cut losses as ECB hikes rate as expected
European stocks pared losses on Thursday after the European Central Bank raised interest rates by 75 basis points, matching market expectations, and signalled the need for more hikes to bring down record-high inflation.
UK banks start cutting 'Truss premium' from mortgage rates, but slowly
Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are now cutting home loan prices, albeit slowly, as markets calm since Liz Truss's government collapsed and Rishi Sunak took power.
ECB poised for bumper rate hike despite recession gloom
Eurozone inflation stood at just under 10 percent in September, nearly five times the ECB's two-percent target.
Barclays beats forecast on trading boom, but bad loan charges rise
Barclays beat forecasts with a small rise in third-quarter profit on Wednesday lifted by a record performance in fixed income trading, but costs and loan charges crept higher in a sign of ongoing challenges.
Euro back above dollar parity on US economic strains
The euro on Wednesday surged back above parity with the dollar, with the US currency sliding against its main rivals on concerns over the world's biggest economy.
ECB set to warn of risks in its non-binding opinion on Spanish tax proposal, sources say
The European Central Bank is set to warn of the adverse impact on Spanish banks' solvency of a proposed tax on the sector and of a higher cost of credit in an upcoming non-binding opinion, two sources with direct knowledge of the matter said.
Ukraine seeks to rebuild economy with defiant small businesses
Victoriia Maslova abandoned her herbal cosmetics factory in the Ukrainian town of Bucha on the first day of Russia's invasion of the country, fleeing to Poland with her mother and three younger brothers when rockets began hitting a nearby airport.
EU leaders turn to gas price caps to end energy crunch
European Union leaders will lock horns on Friday over whether and how to cap gas prices, as they attempt to curb a surge in energy prices that threatens to push the 27-nation bloc into recession and disrupt the EU's cherished single market.
Baghdad's Historic Homes Crumble As Real Estate Booms
Overlooking the Tigris river in Baghdad, a 100-year-old Iraqi mansion stands dilapidated and neglected.
Spanish banks need to boost provisions amid slowdown, De Cos says
A slowdown in Spain's economy, caused partly by the fallout from Russia's invasion of Ukraine, will force Spanish banks to increase provisions to cover potential losses, Bank of Spain Governor Pablo Hernandez de Cos said on Tuesday.
Mini-budget: lessons from the UK's long history of economic crises
From 1925, the Bank of England had kept interest rates high to keep the pound at a fixed parity to gold
Euro zone eyes temporary, targeted energy support amid high inflation
Euro zone finance ministers are likely to pledge on Monday that national financial shields against soaring energy costs will be temporary and targeted, so as not to trigger a wage-price spiral that would boost already record high inflation, officials said.
UK housing market hit by budget fallout
The Bank of England has in less than a year hiked its interest rate to 2.25 percent from a record-low 0.1 percent in a bid to cool decades-high inflation.
Germany agrees 200 bln euro package to shield against surging energy prices
German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) "defensive shield" on Thursday to protect companies and consumers against the impact of soaring energy prices.
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.
Wall Street bounces off lows as UK steps in to calm bonds
Global equities staged a partial comeback on Wednesday -- with Wall Street stocks surging around 2% -- as the Bank of England said it would step in to the bond market in an attempt to dampen investors' fears of contagion across the financial system.
UK housing market may face perfect storm as mortgage rates rise, house prices drop
A surge in borrowing costs and a likely slowdown in economic growth threaten to trigger a selloff in Britain's housing market with consequences for personal wealth and the broader economy that could resonate for decades.
ECB Needs Big Oct Rate Hike; Should Hit Neutral Rate This Year, Rehn Says
The European Central Bank must continue to raise interest rates quickly to tame inflation and could reach a level that no longer stimulates the economy before Christmas, Finnish central bank chief Olli Rehn said in an interview.
Tattered UK Gilt Market Stages Tentative Comeback
British government bond prices recovered partially on Tuesday from the historic plunges of previous days when investors unloaded sterling assets at a ferocious pace in response to new finance minister Kwasi Kwarteng's borrowing plans.
Reversing UK confidence crash requires policy U-turn: economists
Rock-bottom investor confidence in Britain will only recover if finance minister Kwasi Kwarteng scraps the economic plan that unleashed such turmoil in financial markets, leading economists, investors and banks warned on Tuesday.
How To Achieve A Happy Retirement
Retirement can be an opportunity to enjoy life to the fullest and dedicate yourself to your passions and family.
European governments spend half a trillion euros on energy crisis - report
Governments in Europe have earmarked nearly 500 billion euros in the last year to cushion citizens and companies from soaring gas and power prices, according to research published by think-tank Bruegel on Wednesday.
What Crisis? High-stakes Crypto Lending Looks Here To Stay
On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan.
Biden To Promote Shift To EVs In Visit To Detroit Auto Show
President Joe Biden plans to take a victory lap on Wednesday at the Detroit auto show, highlighting automakers' increasing shift to electric vehicles and billions of dollars in new investments in battery plants.
Germany, EU race to shore up struggling energy firms
Germany said on Tuesday it aimed to expand lending to energy firms at risk of being crushed by spiralling gas prices, the latest effort in Europe to rescue households and industry from an energy crisis sparked Russia's invasion of Ukraine.
What Kenya's New Presidency Could Look Like
What Kenya's new presidency could look like
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.