16 h. ago Bank chief says world ‘too unpredictable’ when forecasting UK economic outlook

Andrew Bailey said he viewed domestic issues as more important than global ones when it comes to setting interest rates.

Economics

6 d. ago Bizarre Chinese national park ad for ‘wild man’ job draws thousands of applicants

A bizarre job listing in central China looking for “wild men” to roam the Shennongjia National Park has gone viral, attracting over 10,000 applications.

Politics

7 d. ago China’s central bank chief expects new currency order to challenge dollar

Pan Gongsheng points to a growing role for the renminbi after decades of dominance by the US currency

Politics

8 d. ago Fuel tanker rates surge as Middle East crisis worries markets – business live

Rolling coverage of the latest economic and financial newsTrump says UK is protected from tariffs ‘because I like them’ as trade deal is signed offIran and Israel crisis: what does it mean for the price of oil?Over in Tokyo, Japan’s central bank chief has warned that the jump in the oil price, if maintained, could push up inflation.Speaking after the BoJ left interest rates on hold today, governor Kazuo Ueda told reporters:“Coupled with already rising food prices, such moves in oil prices caused by tensions in Iran and Israel, if persist, could risk affecting inflation expectations and underlying inflation. So we must scrutinise developments carefully.”“Even if developments surrounding U.S. trade policy stabilise toward a certain direction, there’s very high uncertainty on how that could affect the economy .For the time being, there is extremely high uncertainty over each country’s trade policy. As such, there is bigger downside risk for both Japan’s economy and prices.” Continue re...

Events

1 week ago Fearful UK households are 'hoarding physical cash' in preparation for outages

The Bank of England's chief cashier said people are looking for a physical safety net

Politics

1 week ago UK households rush to 'hold physical cash' as warning issued to millions

Households are seeking a safety net in time of global volatility, according to the Bank of England's chief cashier

Events

1 week ago Tell us: have your saving habits changed due to economic uncertainty?

We would like to hear from people who have started setting aside more cashUK households are increasingly setting aside physical cash amid extreme economic uncertainty and to provide a safety net for possible banking system outages such as the recent one in Spain, according to the Bank of England’s chief cashier.Victoria Cleland said on Tuesday that the Bank had tracked a significant increase in the number of banknotes in circulation in recent months, continuing a rising trend since 2022. Continue reading...

Economics

3 w. ago Bank of England chief warns interest rate cuts now 'more uncertain' as OECD downgrades growth forecasts and says inflation will 'linger'

Andrew Bailey said the prospects for easing the burden on Brits was 'shrouded in a lot more uncertainty', largely due to Donald Trump 's trade war.

Events

4 w. ago Lagarde discussed leaving ECB early to head WEF, Schwab says

Ousted Davos founder says central bank chief has been in talks to leave before her term ends in 2027

Politics

4 w. ago Lagarde discussed leaving ECB early to head WEF, says Schwab

Ousted Davos founder says central bank chief has been in talks to depart before her term ends in 2027

Politics