France prepares for another weekend of protests as Macron faces criticism over his Gulf tour. Meanwhile, Putin signals readiness for Ukraine peace talks after meeting Steve Witkoff, and Hungary detains former central bank governor György Matolcsy...
Mortgages in Germany are now at their most expensive since 2009, with the average rate on ten-year loans nearing 4.5%, according to broker Interhyp, as inflation fears stoked by the Iran war push up borrowing costs.
Lebanon's economic crisis has dragged on since 2019. A re-igniting of Israel's war with Hezbollah derailed the weak recovery seen last year. The World Bank now forecasts that the Lebanese economy will shrink by 6.4 percent this year, with inflation...
The euro slid this week to its weakest level against the US dollar since mid-May 2025 and the British pound since early June 2025, as an energy shock, France’s debt crisis and a resurgent US dollar outweigh two interest rate hikes by the European...
IMF chief Kristalina Georgieva has urged heavily indebted governments to tighten their belts and central banks to take a hawkish stance, signalling a return to austerity as the energy shock from the Iran war, record public debt and a credit-fuelled...
The Federal Reserve's watchdog on Wednesday found no grounds for a criminal referral over a roughly $1 billion cost overrun on renovations to the central bank's Washington buildings, while faulting project oversight. The findings prompted President...
Europe's payment sovereignty problem is not what we think, writes Joachim Wuermeling, a former regulator at the European Central Bank (ECB). The real exposure is not the card in your pocket, but the currency behind it. Europe must strengthen the...
The Eurosystem has launched Pontes, a system allowing banks to settle trades in tokenised assets using central bank money, and the ECB said it will invest some of its own funds in tokenised securities through it, the first concrete steps towards...
The Federal Reserve just raised interest rates this week for the first time this year. So how does it actually work? And what does it mean for the economy — and the rest of us? Here are some answers.
La Paz hopes the deal, awaiting final authorisation by the IMF’s executive board, will open other lines of finances from different institutions, like the World Bank, as the country works to restore its struggling credit status.
Uzbekistan’s investment fund (UzNIF) is preparing major companies in telecoms, aviation, banking and energy for potential listings. Uztelecom is currently the most advanced candidate as governance reforms advance and efforts to attract new capital...
The Federal Reserve has raised interest rates for the first time in years. And, the European Union has proposed that Canada become its first-ever "associate member."
Billions of dollars worth of gold is held in Turkish households outside the banking system. The government aims to convince citizens to put it into the mainstream financial system to help the economy.
The European Central Bank has raised interest rates by a quarter point, lifting its deposit rate to 2.5%, as the energy shock driven by the Iran war pushes eurozone inflation higher and forces a second hike in three months.
The European Central Bank is all but certain to raise interest rates on Thursday, with investors pricing the move at near-total probability, but the decision is more awkward than the numbers suggest as inflation is being driven almost entirely by...
The rial has lost 63% of its value against the dollar since March, with the euro hitting 2.55 million rials and gold coins changing hands at 2.26 billion. Iran's central bank governor pledged a $2 billion injection while acknowledging inflation had...
Finance ministers and central bank governors from the group of 20 major economies are meeting for two days in Asheville, North Carolina. With the United States holding the rotating G20 presidency, Washington is trying to rally partners towards...
Inflation in Germany rose 2.9% in the year to August on the harmonised measure tracked by the European Central Bank, a fresh acceleration from July but well short of the 3.1% economists had expected, in a reading that offers modest relief to...
Finance ministers and central bank governors from the world's largest economies meet in Asheville, North Carolina, on Monday and Tuesday, hosted by a US administration that is simultaneously pressing allies to help isolate Iran financially and...
Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole address on Friday with long-term borrowing costs elevated, inflation above target and the US Treasury already intervening in bond markets to do what monetary policy has not.
