Eshe Nelson

The European Central Bank is set to raise rates, the first such move since September 2023, as energy disruptions caused by the Iran war drive higher prices.

The European Central Bank raised interest rates for the first time since 2023. It expects inflation to run hotter than previously thought, and downgraded its forecast for economic growth.

Kevin M. Warsh will take questions from reporters after leading his first gathering of the Federal Reserve’s top officials.

Prime Minister Keir Starmer of Britain said he would not “walk away” from any leadership contest after a top rival in his party, Andy Burnham, decisively won a parliamentary seat.

A survey found that just over half of Britons would support rejoining the European Union. Read more at straitstimes. Read more at straitstimes.

Immigrant Arrests Surge Amid ICE Enforcement Push

LONDON — One after the other, Britain’s recent prime ministers have pledged to revive the nation’s economy. One after the other, the promised growth eluded them.

As chancellor, John Healey, the former defense secretary, will fill one of the government’s most consequential posts, overseeing spending and debt, and shepherding economic policy.

Bond yields are also higher on concerns about inflation.

JUST before Britain's fateful referendum on membership of the European Union 10 years ago, the government issued a stark warning: a vote to leave the bloc would lead to "an immediate and profound shock" to the economy.