Britain’s tax cut pivot might not be enough to quell market mayhem
LONDON — The U.K. government’s reversal on scrapping the top rate of income tax is down to political optics and…
‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world
Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept.…
Is the UK now a buy? Analysts weigh in after market meltdown and Bank of England intervention
A security guard stands outside the London Stock Exchange building on December 29, 2020. Tolga Akmen | AFP via Getty…
Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know
The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up…
Pound tanking, massive tax cuts and talk of emergency hikes. Here’s what’s going on in the UK
Britain’s Prime Minister Liz Truss and Britain’s Chancellor of the Exchequer Kwasi Kwarteng. Dylan Martinez | Afp | Getty Images…
Italy poised for hard-right leader as country votes in snap election
Giorgia Meloni, leader of the right-wing party Fratelli d’Italia (Brothers of Italy) holds a giant Italian national flag during a…
From the Fed to Europe’s currency crisis, here’s what’s behind this selloff in financial markets
Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that its…
Britain pursues ‘trickle-down economics’ despite scorn from Biden. And the stakes are sky-high
British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations…
Ukraine offensive ‘snowballs’ with fall of Russian stronghold
Ukrainian troops advance in Kharkiv Oblast on Friday, Sept. 9. The country’s soldiers have burst through Russia’s lines and liberated…
Queen Elizabeth II’s death marks a new era for Britain, beset by economic uncertainty
Crowds gather in front of Buckingham Palace to pay their respects following the death of Queen Elizabeth II in Balmoral,…
‘You’ve got to eat’: Energy bills are squeezing businesses and people as UK costs soar
A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a…
UK inflation hits new 40-year high of 10.1% as food and energy price surge continues
Liz Truss and Rushi Sunak during The Sun’s Showdown: The Fight for No10, the latest head-to-head debate for the Conservative…
‘Floundering, not drowning’: Economists divided on prognosis for Russian economy
Russian President Vladimir Putin meets with head of Federal Financial Monitoring Service (Rosfinmonitoring) Yury Chikhanchin at the Kremlin in Moscow,…
Here’s where China’s real estate troubles could spill over
China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a…
Editors’ Picks: 11 Events for Your Art Calendar This Week, From Andy Warhol’s ‘Chelsea Girls’ to Kesh’s Verdant Videos in Times Square
Each week, we search for the most exciting and thought-provoking shows, screenings, and events, both digitally and in-person in the…
3 charts show Europe’s unprecedented natural gas crisis
Europe is facing an unprecedented gas crisis. Picture Alliance | Picture Alliance | Getty Images Europe is facing an unprecedented…
China’s factory activity contracts unexpectedly in July as Covid flares up
An employee operates a spinning machine at a textile factory on May 26, 2022 in China. China’s factory activity contracted…
Outraged by strike on Odesa, Ukraine still prepares to resume grain exports
A general view shows a fire engine at a scene of a burning building after a shelling, as Russia’s invasion…