The European Union is considering cutting more than 20 banks from SWIFT, the international payments system, as well as lowering a price cap on Russian oil and banning the Nord Stream gas pipelines as part of a new sanctions package that aims to increase pressure on Moscow to end its war against Ukraine.

Inflation inched up in France and Spain but not enough to concern European Central Bank officials who are optimistic that their 2% target will be met sustainably this year.

German Chancellor Friedrich Merz warned European Union leaders that the mounting debts of governments and companies are fueling the risk of a new financial crisis.

Pity Tommy Norris. And his real-world equivalents

Unless superintelligence is just around the corner

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Polymarket and Kalshi are soaring in popularity. With a few tweaks, they could really take off

Federal Reserve Chair Jerome Powell will reiterate to lawmakers the central bank is in no rush to lower interest rates as officials wait for more clarity on the economic impact of President Donald Trump’s tariffs.

US stocks rose on Friday as investors returned from the Juneteenth holiday break to evaluate recent comments from a top Federal Reserve official as well as the latest developments in the conflict between Israel and Iran.

The euro is taking on a bigger role in the global currency options market as traders skirt around the dollar given the risks from unpredictable US policy and a global trade war.

The European Central Bank is well placed to tackle “exceptionally high” uncertainty but will closely watch gyrations in commodities markets as tensions in the Middle East flare, President Christine Lagarde said.

Europe risks drifting into stagnation without urgent action to tackle slowing growth, weak investment and rising geopolitical threats, the International Monetary Fund warned.

Den globalen Klimazielen läuft die Zeit davon: Das verbleibende CO2-Budget, um die Erderwärmung dauerhaft auf 1,5 Grad zu begrenzen, wird bei dem derzeitigen Niveau klimaschädlicher Emissionen in etwas mehr als drei Jahren aufgebraucht sein. Zu diesem Ergebnis kommt der Jahresbericht der Wissenschaftsinitiative Indicators of Global Climate Change (IGCC), der am Donnerstag bei der UNO-Klimakonferenz in Bonn vorgestellt wurde.

Slumping Russian steel demand, due to a construction slowdown amid broader economic weakness, may force some of the country’s producers to halt output, according to Severstal PJSC’s chief.

President Vladimir Putin’s top economic officials openly argued over the state of Russia’s economy during a session at a flagship forum, with one government minister issuing his starkest warning yet that the country may be teetering on the edge of a recession.

There are a lot of unknowns about the outlook for the economy and interest rates, but Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming.

Momentum built around sleek showrooms, bold pricing and a dealer push that worries entrenched rivals.

Applications for US unemployment benefits ticked down last week, stabilizing near the highest levels in eight months.

The euro-zone’s economic prospects face “substantial” dangers that officials are struggling to assess, according to European Central Bank Governing Council member Fabio Panetta.

Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over the economic outlook was still high but had diminished.

Saddled with the most loss-making industrial companies since 2001, Xi Jinping is trying to clean up his economy without triggering mass layoffs.