Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from Economy

Alarm for cost-squeezed firms as interest rates hiked to 1%

Rising costs will hammer household and business finances, but the Bank said “this was something monetary policy was unable to prevent”.

Birmingham Post

Bank of England hikes interest rates and issues recession warning

UK interest rates have been raised amid warnings the economy will go into reverse and that inflation will peak at more than 10.

The National (Scotland)

Interest rates soars to 13-year high as Bank of England warns energy bills will soon hit £2,800

It is a crippling cost of living crisis

Manchester Evening News

From analysis to the latest developments in health,
read the most diverse news in one place.

Bank of England warns of recession in UK as interest rates hiked to 1%

The Bank of England increased interest rates as it battles against rising inflation and warns that the economy will go into reverse this winter.

Daily Record

Bank of England warns energy bills will hit £2,800 and inflation will surge to 10%

The cost of living will hit a record high this year, the Bank of England is warning, with inflation due to hit 10% and the price of energy bills and food likely to keep rising

Daily Mirror

Bank hikes rates to 1% and warns cost crisis will send economy into reverse

Members of the Bank’s nine-strong Monetary Policy Committee voted 6-3 to increase rates from 0.75% to 1%, the highest level for 13 years.

The Independent UK

'Japan is a buy,' PM Kishida tells City of London

Japanese Prime Minister Fumio Kishida took his appeal for foreign investment to the bankers and investors of the City of London on Thursday, saying his shift to an upgraded version of capitalism would spur economic growth.

Reuters

Read news from The Economist, FT, and more,
with one subscription

US Federal Reserve walks fine line between inflation and recession

America's central bank is hiking interest rates by half a percent in a bid to tame decades-high inflation in the US. But it’s also tempering its plan for future hikes to avoid sending the economy into recession. Meanwhile, French consumers are facing skyrocketing prices across a number of sectors.

France 24

‘A second Afghanistan’: Doubts over Russia’s war prosecution

Russia’s lack of progress in its war against Ukraine has been noted by analysts since it launched a second phase.

Al Jazeera

Bank of England interest rate rise - how it would affect savings, mortgages and pensions

Interest rates are expected to be hiked again on Thursday to 1% - their highest level for 13 years

Wales Online

Pound tumbles to two-year low as stagflation fears rise – as it happened

Sterling tumbles to lowest since June 2020 as Bank of England lifts interest rates to 13-year high, cuts growth forecasts, and sees inflation hitting 10%

The Guardian - UK

Bank of England expected to raise interest rates to 13-year high

Economists predict minimum 0.25 point rise as households contend with cost of living crisis

The Guardian - UK

Rising interest rates in US will hinder foreign economies

When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stop with U.S. homebuyers paying more for mortgages or Main Street business owners facing costlier bank loans

The Independent UK

Rising oil prices buy Iran time in nuclear talks, officials say

Emboldened by an oil price surge since Russia invaded Ukraine, Iran's clerical rulers are in no rush to revive a 2015 nuclear pact with world powers to ease sanctions on its energy-reliant economy, three officials familiar with Tehran's thinking said.

Reuters

Get all your
news in one place.

100's of premium titles.
One news app.

The Conversation

China’s 'innovation machine': how it works, how it’s changing and why it matters

China has had the world’s fastest growing economy since the 1980s. A key driver of this extraordinary growth has been the country’s pragmatic system of innovation, which balances government steering and market-oriented entrepreneurs.

Los Angeles Times

Fed orders biggest interest rate hike since 2000 to combat inflation

WASHINGTON — For the first time in 22 years, the Federal Reserve on Wednesday pushed up interest rates by a full half-percentage point — a significant escalation of its efforts to get control of troublingly high inflation.

Benzinga

Powell Says More Hikes Are Likely Coming, But US Economy Is 'Well Positioned' To Handle Them

Federal Reserve Chairman Jerome Powell had some relatively soothing words for the markets after the Fed on Wednesday raised its target fed funds rate by 0.5% to a new range of between 0.75% and 1.0%.

France 24

US Federal Reserve hikes interest rates to tackle inflation

The US Federal Reserve has hiked interest rates by half a percentage point - double its usual rate - to tackle the country’s highest level of inflation in 40 years. Fed Chairman Jerome Powell said it was 'essential' to lower inflation and reduce hardship for American families. Thomas Costerg, Senior…

Get all your
news in one place.

100's of premium titles.
One news app.

The Hindu

Inflation control needs another model

Lasting inflation control would require placing agricultural production on a steady footing

The Hindu

Economic speed bumps yes, but no breakdown

Nepal’s vulnerability has been exposed by the lack of pragmatic policy interventions and abrupt moves towards self-sufficiency

The Conversation

Fed hopes biggest rate hike in 22 years tames inflation without recession or stagflation: 3 essential reads on what it all means

The Federal Reserve on May 4, 2022, lifted its benchmark interest rate by half a percentage point to a range of 0.75% to 1%, its biggest increase in 22 years. The aggressive move, which has been expected for many months, is part of the U.S. central bank’s effort to slow…

WEKU

The EU just proposed a ban on oil from Russia, its main energy supplier

The European Union wants to sharpen its sanctions against Russia. But its leaders acknowledge Europe's economy could suffer.

StockNews.com

How Does the Pharmaceutical Industry Perform During Recessions?

The Fed’s aggressive interest rate hikes and high energy prices will likely fuel recessionary conditions. Moreover, the unexpected decline in GDP in the first quarter indicates a possible economic contraction. Amid such possibilities, the pharmaceutical industry could attract investors’ attention because of the inelastic demand for its products. Today, I…

Daily Mirror

Bank of England tipped to raise interest rates to 1% today - how it would affect you

The Bank of England is set to raise interest rates again from 0.75% to 1%. This will have an affect on people's savings, mortgages and pension pots. Here's how you could be affected

Glasgow Live

Glasgow to get £50m boost to economy as thousands descend on city for conferences

Glasgow has successfully bid for 71 new conferences, which will bring more than 36,000 delegates to the city and boost the local economy by some £53 million in delegate spend.

1 … 788 789 790 791

People

Dipanjan BanchurSince

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Imperial College London

BristolMyers Squibb Company

95 stories

Monetary Policy Committee

82 stories

TAK

24 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.