Global Economy

Andrew Bailey said that UK Interest Rates will continue to fall over the next few months, amid fears that the US rate cut may be delayed due to stubborn inflation. The Bank of England Governor stated that he had "strong evidence" of…

JP Morgan , the boss of a US bank, has warned the world that it could be in the midst of the most dangerous time since the Second World War. This would put lives at risk and threaten economic growth. Jamie Dimon, in his letter to…

Chinese tea buyers have disrupted a heated trade dispute between Nepal and India, which has led to the introduction of counterfeit Darjeeling tea into teapots that were not expecting it. Indian tea estates are under pressure because of a…

Deloitte launched its biggest global overhaul in 10 years as it seeks to reduce costs and the complexity of the organisation in light of an anticipated market slowdown. Deloitte will reduce its five main business units from 2014 to just…

Sainsbury's boss warns that new government policies to make farming more sustainable may harm Britain's food supply and cause more imports. Simon Roberts is the chief executive of Britain’s second largest supermarket chain. He said that…

ITV's boss believes the advertising market has recovered from last year, which she called the worst recession since the global financial crisis. The profits of Britain's largest free-to-air broadcaster dropped by over half, to £193…

Gazprom, the Russian gas company, plans to sell off its stakes across North Sea assets. It faces compensation claims of multi-billion dollar value from European gas companies due to its drastic reduction of pipeline gas supply in 2022.…

The Bank for International Settlements has stated that central banks around the world are forced to maintain high interest rates for many years as they fight wage demands, wars and trade disputes. The institution often known as central…

The global debt reached a new record of $313 trillion, or £248 trillion. This is due to higher interest rates that drive up borrowing costs. According to the Institute for International Finance (IIF), borrowers took on $15 trillion more…

Dominic Raab warned that unless Western governments are able to break China's stranglehold on critical minerals required for the green energy transformation, households will face higher bills. Former foreign secretary and deputy prime…

In its latest projections, the World Bank warns that global growth is set to be at its lowest level in 30 years as geopolitical tensions and higher borrowing costs weigh on output. In Forecasts, published by the multilateral organization…

Investors warn governments worldwide about "unmoored' levels of public debt. They say excessive borrowing promises made before elections could spark a bond market reaction. The US and UK are expected to issue the most government debt in…

UN warns that a prolonged period of low economic growth will hinder progress in sustainable development. It urges countries to increase investment to combat the climate crisis. The annual report on the state of global economics presents…

According to the Royal Mint, investors flocked in record numbers to gold in 2023 due to global economic turmoil that triggered a flight for safety. The number of people purchasing gold bars and coins has increased by 7pc in the last…