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Saturday, January 17, 2026
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Economy

Bank of England confirms largest interest hike in over 25 years as long recession looms

The Bank of England (BoE) raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on...

US inflation hit a new 40-year high last month of 8.6%

The prices of petrol, food and most other goods and services in the US jumped in May, raising US inflation to a new four-decade...

Russia’s central bank cuts interest rates to pre-war level

Russia’s central bank cut interest rates back to their pre-war levels on Friday, saying inflation and economic activity were developing better than expected despite...

Eurozone inflation hits record 8.1% amid rising energy costs

Inflation in the 19 countries that use the euro currency hit a record 8.1 per cent in May amid surging energy costs prompted in...

Spain passes landmark labour reform, unlocking billions in EU aid

The Spanish parliament has ratified by one single, mistaken vote a landmark labour reform devised by the country’s Socialist-led coalition government, unlocking billions of...

European Central Bank plans to redesign euro banknotes

The European Central Bank (ECB) has revealed plans to redesign its euro banknotes, with a final decision on the new look expected in 2024. The...

Inflation across eurozone hits record high of 4.9%

Consumer prices across the 19 countries that use the euro currency are rising at a record rate, official figures show. Eurostat, the European Union’s statistics...

China’s economic growth slows to 7.9%

China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the...

Soldiers and protesters injured in riots over Lebanon economic crisis

Lebanese troops deployed in the northern city of Tripoli early on Sunday, taking positions around major state institutions after a night of protests and...

El Salvador president wants Bitcoin as legal tender

El Salvador President Nayib Bukele has announced his intention to send proposed legislation to the country’s congress that would make Bitcoin legal tender in...

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