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Cliff edge looms for UK’s financial system

Britain’s financial system is approaching a cliff edge. After stepping in to calm the market chaos that followed...
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Cutting oil output risks global economy, warns US Treasury secretary

The world’s biggest oil-producing nations cutting production at a time of soaring energy costs is “unhelpful and unwise” for...
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Business

Europe on the brink: the states battling to stave off recession

Almost six months after Vladimir Putin ordered Russian troops into Ukraine, the extent of the damage to the European...
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Era of soaring house prices is ending as central banks raise rates | Larry Elliott

I t’s over. An era of ever-rising house prices stimulated by cheap money is coming to an end....
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Business

IMF slashes global growth forecast as top three economies ‘stall’

The International Monetary Fund has slashed its growth forecasts for the next 18 months after warning that the world’s...
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Ukrainian president Zelenskiy accuses Vitol over ‘Russian blood oil’

The Ukrainian president, Volodymyr Zelenskiy , has called on the world’s largest independent oil trader to stop shipping Russian...
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Business

Inflation in eurozone hits record 8.6% as Ukraine war continues

Inflation across the eurozone has soared to a fresh record of 8. 6% in June as Russia’s war in...
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History turns full circle as G7 alarm bells ring over energy once again | Larry Elliott

I t is Germany’s turn to host the annual summit of G7 leaders this year and while the war...
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