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Business

Greek app compares supermarket prices across Europe

Through its website and app, PosoKanei allows consumers in Greece to see where products are cheapest in real time, compare prices across European countries and track price changes over time.

Economy

Fed keeps rates unchanged but signals possible hike this year

The Federal Reserve left interest rates unchanged at its first policy meeting under chair Kevin Warsh, but nearly half of policymakers signalled they could support a rate hike later this year as inflation remains elevated.

Economy

Warsh takes the helm: What to watch as the Fed weighs rate decision

The Federal Reserve opens a new chapter on Wednesday as Kevin Warsh chairs his first policy meeting. While interest rates are widely expected to remain unchanged, investors will be hunting for the first clues to how the US central bank's new leader intends to steer it.

Economy

Bank of Japan raises its key interest rate to a three-decade high

The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, citing challenges stemming from a weak Japanese yen and higher prices.

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Economy

UK economy shrinks in April as the Iran war energy shock takes a toll

Britain's economy contracted by 0.1% in April, the first monthly fall since August 2025, as the conflict in the Middle East pushed up energy costs and prompted households to rein in their spending.

Economy

'I love the inflation,' Trump says as prices jump again

Trump, who was in part elected on his promises to tackle inflation, said he had been prepared for the war in Iran to hit stock markets and oil prices.

USA

Trump says 'I love the inflation,' claims US taking millions of barrels of Iranian oil

President Donald Trump welcomed new inflation data showing prices rising 4.2%, saying the numbers were "great." He argued higher energy costs linked to the Iran conflict were temporary and claimed US forces were moving millions of barrels of oil through the Strait of Hormuz.

Economy

US inflation reaches 4.2%, clouding Fed rate-cut outlook

Annual inflation accelerated to 4.2% in May, driven largely by higher fuel costs, as rising prices continue to weigh on household budgets and cloud the Federal Reserve's interest-rate outlook.

Economy

Inflation beating pay in Europe: Where are workers losing the most?

As inflation surges across Europe following the recent Middle East conflict, advertised pay growth in the eurozone is failing to keep up, causing workers' real earnings and purchasing power to fall.

Economy

Prolonged Iran war could push economies into recession, OECD warns

The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday.

Economy

Inflation hits 3.2%, highest since 2023: ECB rate hikes inevitable?

Eurozone inflation rose to 3.2% in May, the highest since 2023, driven by energy and services. Markets now see an ECB rate hike next week as done deal.

Economy

Higher borrowing costs raise economic and political stakes for Trump

US President Donald Trump faces renewed pressure from rising US borrowing costs as investors price in inflation risks linked to the Iran conflict, tariffs and concerns over long-term government debt.

Economy

Why are grocery prices still eye-watering, despite moderate inflation?

Food inflation has fallen sharply from its 2023 peak — but European grocery prices are nearly a third higher than before the pandemic, and the reasons they stay high are structural.

Economy

ECB rate hike in focus as Eurozone's 'Big Four' post high inflation

Inflation picked up across the EU’s largest economies in May, driven by higher energy prices, fuelling expectations that the ECB will raise interest rates at its June meeting.

Economy

Recession warning? European business activity slumps due to Iran war

Business activity across the eurozone slowed sharply in May, hitting its lowest level in more than two and a half years.

Economy

US 30-year bond yield tops 5% for the first time since 2007

The US Treasury sold 30-year bonds at a yield above 5% for the first time since 2007 on Wednesday, highlighting mounting investor unease just as the Senate confirmed Kevin Warsh as the next chair of the Federal Reserve.

Business

How much did electricity and gas prices go up due to the Iran war?

Household gas prices rose across EU capitals between early February and early April, reflecting the impact of Middle East tensions. However, electricity prices fell on average, highlighting diverging trends in Europe’s energy markets.

Economy

Iran's economy is being tested by war, blockades and soaring inflation

Inflation has hit 54% and the rial has lost more than half its value, but Tehran insists it can hold out

Economy

Iran war pushes US inflation to 3.8% as petrol prices surge

US consumer prices rose 3.8% in April as the Iran war drove petrol costs up 28% in a year, with real wages falling for the first time in three years, according to government data.

Markets

How UK 30-year bonds reached the highest yield this century

Investors are demanding significantly higher returns to hold British debt as 30-year gilt yields reached levels not seen since 1998 this week. The surge represents a major challenge for the UK Treasury but why did it happen and what does it mean exactly?