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

The threat of inflation falling short of the European Central Bank’s 2% target is contained, Vice President Luis de Guindos told Reuters.

Economists still expect the European Central Bank to lower interest rates one more time this year, even after policymakers signaled they’re in no rush to ease further.

It will take months yet before the Federal Reserve can get a clear idea of how Trump administration policy changes will shape the US economy, making officials unlikely to consider a change to interest rates before September, according to economists surveyed by Bloomberg News.

A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the Federal Reserve: Treasury Secretary Scott Bessent.

Inflation was tame in May but President Trump's tariff policy may cause consumer prices to rise noticeably heading into summer, economists said.

Treasury Secretary Scott Bessent refrained from arguing that the tax legislation Republicans are working to finalize in Congress will avoid adding to the debt burden.

The World Bank on Tuesday cut its forecast for global growth this year and warned that the 2020s are on track for the weakest performance for any decade since the first Apollo moon landing because of trade tensions and policy uncertainty.

The World Bank on Tuesday cut its forecast for global growth this year and warned that the 2020s are on track for the weakest performance for any decade since the first Apollo moon landing because of trade tensions and policy uncertainty.

The European Central Bank should wait until at least September to have an in-depth discussion about an interest-rate move, according to Governing Council member Boris Vujcic.

Policymakers need to stay alert to the risk of deflation reappearing.

European Central Bank Executive Board member Isabel Schnabel sees a favorable moment now to strengthen euro’s global role as investors turn to Europe.

European Central Bank Governing Council member Joachim Nagel said he can’t judge if interest-rate cuts are over for this year and next steps are totally open, according to an interview with Deutschlandfunk.

President Donald Trump urged the Federal Reserve to cut interest rates by a full percentage point, intensifying his pressure campaign against Chair Jerome Powell.

Four months into the president’s second term, his policies are upending tourism worldwide.

Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements.

The euro-area economy expanded twice as much as previously reported at the start of 2025, as countries including Ireland and Germany saw exports surge in anticipation of US trade tariffs later this year.

The European Central Bank is approaching the end of its interest-rate cuts, according to two Governing Council members, as others declared inflation has been vanquished.