Tom Fairless

In the U.S. and Europe, underlying inflation has stopped falling or edged higher recently, weakening the case for rate cuts.

EU official Thierry Breton wants state spending to support domestic manufacturing to compete with China and the U.S.—a reversal of longtime policy to clamp down on national subsidies.

An unprecedented tourism boom in southern Europe is turbocharging growth in places that had become bywords for economic stagnation. But some economists think it could end badly.

Squeezed between the threat of Trump and Chinese imports, European leaders are seeking to woo Chinese investment and know-how.

Planned largess by election winners in Britain and France is on a collision course with soaring debts and deficits.

Despite promising to raise military spending since Russia's invasion of Ukraine, European nations, Germany in particular, are proving reluctant to sacrifice their generous welfare programs to pay for it.

The International Monetary Fund is sounding the alarm on government debt and calling for a pivot in fiscal policy, as countries like France struggle to bring deficits under control. The outlook for public debt is worse than people think, Gita Gopinath, the fund's first deputy managing director, sai

Governments seeking to blunt a rise in antimigrant parties have introduced tougher measures on asylum claims.

Governments seeking to blunt a rise in antimigrant parties have introduced tougher measures on asylum claims.

The European Central Bank lowered interest rates for the second meeting in a row, speeding the pace of rate cuts to support an economy flashing increasing signs of weakness.