How interest rates impact your money — from savings to mortgages
“It can be easy to think that the decisions made by central banks don’t impact the daily lives of normal people, however, the reality is they’re very much likely to,” …
Breaking News: Economy
A.P. Moller – Maersk Q2 2023 results: 72% profit plunge, beats expectations
A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship. Balint Porneczi | Bloomberg | Getty Images Danish shipping giant Maersk on Friday reported a sharp fall …
BOE governor Bailey cautious amid ‘unwelcome surprises’ in inflation
Bank of England Governor Andrew Bailey said Thursday that the central bank remains cautious in its battle to tame stubbornly high inflation as U.K. data continues to offer “unwelcome surprises.” Bailey told …
Bank of England hikes rates by quarter percentage point in split vote
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters LONDON — The Bank of England …
International travel surges while domestic airfares, hotel rates lag
Women pose for a photo while holding an ice cream at Trevi fountain during hot weather as a heat wave hits Europe in Rome, Italy, July 19, 2022. Guglielmo Mangiapane …
U.S. political polarization means Fitch debt downgrade is here to stay, economist says
Fitch Ratings in New York, United States. Cem Ozdel | Anadolu Agency | Getty Images Growing political instability means the U.S. will not regain its AAA rating with Fitch for …
Treasury’s Yellen says Fitch downgrade is ‘entirely unwarranted’
Treasury Secretary Janet Yellen testifies before the House Financial Services Committee on the state of the international financial system, in the Rayburn House Office Building on Capitol Hill in Washington, …
Australia’s central bank RBA leaves interest rates unchanged at 4.1%
A Sydney ferry passes the Opera House and skyline of the central business district area on May 12, 2020 in Sydney, Australia. James D. Morgan | Getty Images The Reserve …
Niger coup draws condemnation from Russia and the West as regional body threatens force
NIAMEY, Niger – July 30, 2023: Coup supporters take to the streets carrying Nigerien and Russian flags after the army seized power in Niger. Balima Boureima/Anadolu Agency via Getty Images …
Saudi Arabia’s economic growth slows as oil cuts, price drops bite
Cityscape of Saudi capital Riyadh. Harri Jarvelainen Photography | Moment | Getty Images Saudi Arabia’s economy slowed in the second quarter, as crude output cuts and a drop in oil …