Economy

According to a leading institute of economics, Germany's ability in attracting business investment has suffered an "alarming decline" last year. More than €135bn worth of foreign direct investments left the country, while only €10,5bn was…

As they warned that tight labour markets continue to push up wages and costs, the world's central bankers signalled their willingness to raise interest rates and keep them at high levels. At a conference held in Sintra, Portugal the…

According to the Federal Reserve's annual stress tests, the largest US banks could lose $541bn under a hypothetical economic doomsday scenario. However, they would still have enough capital to absorb these losses. The Fed's Wednesday…

The deputy director of the IMF warned that central banks may need to accept the "uncomfortable fact" that inflation could continue to rise above their 2% target for a longer time in order to avoid a financial crises. Gita Gopiath said at…

Families should prepare for the impact of future pain Andrew Bailey did not sugarcoat his message. The Governor of the Bank of England, was tough when he announced an increase in interest rates from 4.5pc up to 5pc. Bailey…

Claudio Borio, chief economist at Bank for International Settlements5, told German newspaper FAZ that the risks of an extended period of high inflation had increased despite current price declines in many parts around the globe. The…

The Turkish government raised interest rates in the first time since the year 2021, and promised to return a "free exchange regime". This is because the new economic leadership has decided to abandon policies that sent inflation…

The Bank of England raised interest rates by half a percentage point to 5%, an unexpected move. Prime Minister Rishi sunak and the central bank have both pledged to fight persistent inflation. Sunak supported the BoE’s decision, and…

In just half an hour's drive, the journey south from Tangier's ancient city spans decades' worth of economic progress. It winds through hills where sheepherders tend to their flocks and then descends into a valley, which is home to Africa’s…

The Bank of England may be forced to increase interest rates again by Thursday due to the escalating inflation in Britain. This is against the backdrop of the chaos on the UK mortgage markets. Investors and economists expect the Monetary…

The mere fact that something is "new" doesn't make it valuable or unworthy of scrutiny .Big Crypto is in the midst of a big reckoning. Following a series of spectacular Crash After the collapse of two of the largest and most profitable…

Britain’s debt has exceeded the size of its economy, for the first in over six decades. This is ahead of an anticipated rise in interest rates which will increase borrowing costs by billions. According to the Office for National…

Bank of England will likely raise interest rates on Thursday by a quarter-point to 4.75 percent, as calls to take more aggressive action against persistently high inflation increase. According to data released on Wednesday that was worse…

The majority of the shadow monetary committee members think that Bank of England should go against expectations and opt for an increase of a half-point. Bank of England's decision is made amid renewed turmoil on the mortgage market.…

Jeremy Hunt will call on banks to deal with what one Tory Mp called a "mortgage-bomb that is about go off", yet he ruled in giving fiscal assistance to families struggling to pay for rising mortgage costs. Hunt said on Tuesday that he…

The Bank of England has raised borrowing costs in the last 18 months, which have led to a rise in UK mortgage rates. The latest spike, which pushed the average interest rate for a two-year loan to above 6 percent this week, was driven by…

Threadneedle street's calls for drastic measures risk over-tightening an already fragile economy Andrew Bailey will not be able to dress up as a white knight in Threadneedle Street in the future, but he has been given the role…

One of Britain's biggest pension schemes has slashed the amount of UK shares it holds, a blow for Jeremy Hunt and his hopes to trigger a 'Big Bang 2'. New figures reveal that BT's £39bn Pension Fund has reduced its exposure to…