My aim today is to describe how AI is reshaping the euro area economy.[1] Although the development of frontier AI models is primarily taking place in the United States and China, the adoption of AI will be a key determi…
Iran’s Revolutionary Guard claimed Friday that three oil tankers exploded and caught fire while traveling through an unauthorized route in the Strait of Hormuz. It said one was a supertanker carrying more than 2 million…
On 29 October 2026 ECB President Christine Lagarde informed the Governing Council and the President of the European Council António Costa that she would step down from her position on 7 February 2027. A related press re…
Andrea Egan calls for same political focus on teachers, care sector and NHS and says Jackdaw decision ‘a serious misstep’
BP’s profits have hit their highest level in almost two decades as the war in the Middle East drove up oil and gas prices and led to “significantly higher” trading.
Housing secretary says Labour wants to reverse fortunes of towns plagued by boarded-up shops and rogue businesses
UK house prices grew by an annual rate of just 0.5% in October, the slowest pace in more than two years, as higher mortgage rates put off potential buyers.
After UK’s hottest summer on record, Ardingly near Haywards Heath is just 19% full – and next-closest reservoir is unusable due to broken treatment works
Respondents’ expectations for headline inflation, as measured by the Harmonised Index of Consumer Prices (HICP), stood at 3.0% for 2026, 2.6% for 2027 and 2.0% for 2028. Compared with the previous round, these were revi…
Investors are almost twice as likely to recognise pressure tactics in a horror film as they are when those tactics are used to promote an investment opportunity, new FCA data suggests.
Prime minister says room for manoeuvre was limited by geopolitical crises and Labour’s 2024 manifesto
An elegant Georgian facade, a full-width balcony and an exclusive address in South Kensington just steps from the Natural History Museum and the V&A. Yet the listing price of this west London flat at Queen’s Gate Garden…
Up to 1.4 million people could benefit from change to trading allowance announced in budget, with some saving hundreds in tax
The yen was 0.16% weaker at 157.73 per dollar, inching further away from the one-month high it touched last week ahead of the Bank of Japan policy decision later this week. The yen had lost ground on Monday too.
E-commerce company posts high cloud computing sales but gives a cautious sales forecast for the fourth quarterAmazon offered a mixed picture of its financial health on Thursday in its quarterly earnings report.The e-com…
John Healey has backed away from cutting the cost of welfare this parliament, amid dire warnings his first budget could lead to brutal spending cuts because of a £28bn shortfall in public finances.
The US has paused strikes on Iran for a third night as top military officials advised Donald Trump to halt his bombing campaign, and diplomatic negotiations have continued to avoid a return to all-out war.
Russia’s fossil fuel export revenues have fallen since the sanctions were implemented, subsequently constricting Putin’s ability to fund his full-scale invasion of Ukraine. However, much more should be done to limit Rus…
The Securities and Exchange Commission on Oct. 29, 2026, charged BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd, two foreign-operated, Colorado-incorporated entities, with orchestrating a fraud scheme that used false SE…
The 2026 budget has been revealed; how will it affect you personally, will it change the country and has chancellor John Healey done enough to prepare for the challenges ahead? Our money and economics editors Hilary Osb…
Less than a year from now, on 11 October 2027, Europe will move to T+1 settlement. This means that the time from the moment a security is traded to the moment the buyer receives it and the seller is paid will be reduced…
It was not a mini Budget, but it was rather small. It might be called the "micro Budget".
The last of five £20 notes disappears into the slot machine as The Verve’s Bittersweet Symphony plays over the shop’s sound system.
The Governing Council today decided to keep the three key ECB interest rates unchanged. Energy prices have continued to rise, posing upside risks to the inflation outlook and downside risks to the growth outlook. While …