Market News

The Federal Reserve announced another massive interest rate increase in its fight against inflation, tightening its grip on the economy less than a week before midterm elections that will determine control of Congress. Fed jacks up interest rates again, hints at smaller increases ahead The Federal Reserve raised interest rates by three-quarters of a percentage point […]

Rishi Sunak has become the United Kingdom’s third prime minister in two months and pledged to lead the country out of an economic crisis and rebuild trust in politics New PM Rishi Sunak pledges to lead Britain out of economic crisis Rishi Sunak became Britain’s third prime minister in two months on Tuesday and pledged to lead the country out of a profound […]

European Union leaders meeting at the end of this week, will explore a range of options for gas price caps, over which they have been divided for weeks. EU to propose extra energy measures, swerve immediate gas price cap The European Commission is set to propose another set of emergency measures to tackle high energy prices, but […]

A group of financial institutions with over $130 trillion at their disposal last year pledged to put combatting climate change at the centre of their work.  How West can mobilize trillions to help save Earth War, inflation, debt, hunger, energy security and fear of recession will dominate the discussions at the annual meetings of the World Bank […]

It represents a major and humiliating U-turn for new Prime Minister Liz Truss, who was insisting as recently as Sunday she was “absolutely committed” to the cut. UK’s Truss forced into U-turn on tax after week of market turmoil Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less than a […]

Energy instability is likely to continue in the short- to mid-term, with the EU needing to urgently find a solution to the cost-of-living crisis. Crude oil prices are engaged in a tussle between fears of a recession-led demand decline and ongoing supply tightness, with risks to demand currently edging ahead. But many in the oil […]

Climate change is already affecting Europe in various forms, depending on the region. It can lead to biodiversity loss, forest fires, decreasing crop yields and higher temperatures. It can also affect people’s health. Global climate goals threatened by lack of clean tech collaboration Global efforts to reduce emissions and curb rising temperatures are threatened by […]

Inflation continues to be the main focus in the market updates. The World Bank has warned that leading central banks risk sending the global economy into a “devastating” recession next year if policymakers raise interest rates too high over the months ahead and stress financial markets. Energy and food prices have surged following Russia’s invasion […]

Tens of thousands of businesses are at risk of going under without government support because of soaring energy bills, according to insolvency experts. Russia Stopped Pumping Gas to Europe On Monday European gas prices surged as Russia stopped pumping gas to Europe after Russia’s state-controlled Gazprom said it would halt pumping gas via the Nord […]

Consumer prices in Europe’s largest economy were mostly driven by the soaring cost of energy and food, lifting inflation 0.4 percentage points from July despite recent government measures….

In August Germany saw a downturn in business activity as shown by the S&P Global’s flash composite Purchasing Managers’ Index (PMI) that tracks both the manufacturing and services sectors which both account…

Eurozone inflation reached a new record high of 8.9% year-on-year in July, with the core measure that excludes the most volatile components…