Paul Hannon

The Bank of England is unlikely to raise its key interest rate this year or next, despite a sharp pickup in inflation over the second half of 2026, the National Institute of Economic and Social Research said Wednesday.

Eurozone wage growth is set to slow this year despite a pickup in inflation that has accompanied the conflict in the Middle East, according to new European Central Bank figures.

Ireland's economy returned to growth in the three months through June, boosting hopes for a pickup across the eurozone as a whole, where activity stagnated in the first quarter.

The Bank of England left its key interest rate unchanged Thursday, mirroring the Federal Reserve while signaling its readiness to raise borrowing

The use of relatively simple AI tools can help developing economies overcome a shortage of expert knowledge to boost economic growth, although they

The U.K. government borrowed more in July than a year earlier as an increase in spending more than offset record revenues from income taxes.

Surveys of purchasing managers recorded a pickup in activity in the eurozone, Japan and India during August, suggesting the global economy might avoid a further modest slowdown in the third quarter.

Business activity in Europe and parts of Asia has continued to grow in the face of an extended period of high energy prices, uncertainty about the

The U.K. government borrowed more in July than a year earlier as an increase in spending more than offset record revenues from income taxes, although its budget deficit for the first four months of the fiscal year fell.

Business activity in the U.S., Europe and parts of Asia has picked up in the face of a series of headwinds related to the war in the Middle East, according to surveys released Friday.