Paul Hannon

Liability-driven investment funds, which were at the center of U.K. financial turbulence last fall, should be able to withstand a surge in bond yields without being forced to sell assets, the Bank of England said Wednesday. In September, surprise tax cuts by then-Prime Minister Liz Truss sparked a

Spain’s inflation rate cooled more sharply than expected in March to reach its lowest level since July 2021 as energy prices fell. The numbers serve as a preview of the wider eurozone area inflation report coming Friday, and are being closely watched by markets. Spain’s statistics agency said cons

The headline inflation rate fell sharply in March as energy prices continued to cool, but policy makers worry the search for bigger profits may keep other prices rising.

With food commodity prices down from their peaks, widening profit margins might explain why consumers are paying more.

Food prices rose at the highest pace in decades. A combination of persistent price increases and rising wages sets the stage for further interest-rate increases despite a weak economy.

A rebound in factory output and falling energy costs helped drive a modest rebound, but further interest-rate rises will test the region’s resilience.

The Bank of England raised its key interest rate for the 12th consecutive time and signaled more increases are possible as it released less gloomy forecasts for the U.K. economy.

A cluster of former Soviet republics has emerged as a major transshipment hub for shipments of U.S. and European dual-use goods to Russia.

Global trade flows jumped in March, led by a surge in Chinese exports following the removal of Covid-19 restrictions and contributing to a stronger-than-expected start to the year for the global economy.

The world’s fourth-largest economy shrunk for a second consecutive quarter as households cut their spending, which could prompt greater caution by the European Central Bank.