The Bank of England has halved its 2025 growth forecast and cut interest rates by a quarter-point to 4.5 per cent, as it contends with a stagnant UK economy and an increasingly uncertain international ...

Temporary order restricts efforts of billionaire’s Department of Government Efficiency to infiltrate multitrillion dollar system ...

It has also diversified geographically — limiting the impact of tax loophole closures. The US accounts for less than half of Temu’s global GMV, compared with 100 per cent three years ago, when the app ...

Yet GSK is clearly healing from its multiple comorbidities — the worst of which was the (now largely resolved) legal overhang related to heartburn medicine Zantac. Chief executive Emma Walmsley also ...

Last week, I wrote about US President Donald Trump’s administrative self-coup (or autogolpe) — his orders to the executive ...

Wall Street banks saddled with debt from Elon Musk’s $44bn takeover of Twitter sold large chunks of the loan package to investors on Wednesday, allowing a number of lenders to exit one of the toughest ...

The world’s biggest drugmaker Eli Lilly has forecast that profits for the year will beat expectations, after two choppy quarters when disappointing sales of its blockbuster weight-loss drugs led to ...

Moreover, the SNB has other tools in its armoury, such as outright currency interventions to weaken the Swiss franc. Morgan Stanley reckons that Switzerland’s central bank will continue to defend the ...

Axel Rudakubana’s referral to the UK counterterrorism scheme was closed prematurely, three years before he murdered three ...

Employees were informed on Wednesday that Evelyn de Rothschild, one of the most prominent members of the 256-year-old dynasty, left the bank after an investigation into a sexual misconduct complaint ...

Also in today’s newsletter, bookmark our new US trade tracker for all the latest data amid the prospect of an all-out trade war ...

While the neutral rate is almost certainly lower than 2.75 per cent, the ECB’s current benchmark deposit rate, there is also disagreement about what the exact figure is. It cannot be directly measured ...