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Reeves signals tax rises despite Bank of England rate cut and growth upgrade

Inflation fell back to the Bank’s 2pc target in May. However, the...

Meta shares surge after tech giant reports $13.5bn profit

CEO Mark Zuckerberg says Meta AI is on track to be the most used AI assistant worldwide by the year’s end.Meta, the parent company...

Fed holds rates steady and notes progress on inflation

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could...

Fed recap: Chair Powell gives the September rate cut signal traders were hoping for

Powell says a potential September rate cut would be apoliticalFederal Chair Powell said a rate cut at the September meeting would be unrelated to...

Euro zone inflation rises to 2.6% in July, above expectations

People shopping at the downtown market, Cour Lafayette, in Toulon, on July 27, 2024.Magali Cohen / Hans Lucas | Afp | Getty ImagesHeadline inflation...

Miliband to add £1.5bn to energy bills in record offshore wind investment

The funding boost comes after Labour ministers also announced sweeping changes to...

Europe’s growth lags U.S. as Germany remains the eurozone’s economic problem child

FRANKFURT, Germany -- Europe’s economy saw modest growth in the April-June quarter even as the U.S. outperformed expectations, highlighting a persistent transatlantic growth gap....

Euro zone’s economy grew 0.3% in second quarter, above expectations despite German contraction

Shoppers make their way through the Royal Saint-Hubert Galleries shopping arcade in the old town area of Brussels, Belgium, on Friday, June 28, 2024.Ksenia...

McDonald’s sales fall globally for first time in over three years

McDonald’s CEO Chris Kempczinski says low-income consumers eating at home and finding other ways to economise.McDonald’s has reported its first drop in global sales...

Venezuela’s Maduro just tightened his grip on power. What comes next?

After years of turmoil, Venezuela held national elections on Sunday. Voters of various political affiliations hoped the contest would put an end to the...

U.S. economy grew at a 2.8% pace in the second quarter, much more than expected

Economic activity in the U.S. was considerably stronger than expected during the second quarter, boosted by a strong consumer, government spending and a sizeable...

Households braced for £190 jump in energy bills

The economist added: “That may not seem like a big increase, but...

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