Paul Hannon

Closer cooperation between countries that favor trade openness is needed to avoid worse outcomes for the global economy according to the senior official at the European Central Bank.

The economy surged as U.S. pharmaceutical giants based in the country boosted production to build stockpiles back home ahead of threatened tariffs.

The World Bank said it expects commodity prices to fall sharply this year and next as rising tariffs lead to a slowdown in the global economy.

Inflation is likely to remain stubbornly high this year, the National Institute of Economic and Social Research said as it cut is forecast for U.K. growth for 2025.

The Bank of England cut rates, highlighting a growing gap in how global central banks and the Federal Reserve are approaching Trump’s tariffs.

The Bank of England cut its key interest rate, a day after the Federal Reserve opted to keep rates on hold, highlighting the divergence between the Fed and its global

Any kind of trade deal will help limit the damage to the U.K. from President Trump's tariffs, said Bank of England Gov. Andrew Bailey, who added that he hadn't been briefed on the contents of the expected agreement. But far more important for the U.K. and the rest of the world, Bailey said, is whet

Growth across countries in Europe, Central Asia, the Middle East and North Africa will be hit, even if they don’t export heavily to the U.S., the European Bank for Reconstruction and Development said.

Investors are again underestimating the risk of disruptions to the global economy, and a fresh bout of sharp price falls is possible, the European Central Bank’s vice president warned Thursday.

EU officials want a trade deal with the U.S. that sees a larger reduction in tariffs than negotiations with the U.K. and China have so far yielded.