Economy

The Bank of England on Monday published its final policy statement and draft Code of Practice for systemic stablecoin issuers, easing some of the proposals it had put forward for…

A surge in artificial intelligence adoption may be displacing some workers, but its overall effect on aggregate employment and wages in the United States has remained limited so far, according…

UK Prime Minister Keir Starmer said on Monday that he would step down as Labour leader and prime minister, ending months of political turmoil and setting in motion a leadership…

US stocks are showing surprising resilience as Wall Street increasingly abandons expectations for near-term Federal Reserve rate cuts.Several major financial institutions have recently pushed back their forecasts for monetary easing,…

British retail sales rebounded more strongly than expected in May, supported by favourable weather conditions and promotional activity by retailers, according to official data released on Friday.The figures come despite…

Federal Reserve Chair Kevin Warsh used his first press conference as the central bank’s leader on Wednesday to announce a broad review of the institution’s policies and operations, unveiling five…

Citigroup has revised its expectations for US Federal Reserve interest rate cuts, pushing back its projected timeline by one month as policymakers adopt a more hawkish stance and inflation concerns…

UK wage growth remained stronger than expected in the three months to April, while the unemployment rate unexpectedly declined, according to official figures released just hours before the Bank of…

The Bank of England left its benchmark interest rate unchanged at 3.75% in June, maintaining its cautious stance amid ongoing uncertainty surrounding inflationary pressures linked to recent geopolitical developments.The central…