European Central Bank head targeted in cyberattack attempt The European Central Bank says its president, Christine Lagarde, was targeted in an attempted cyberattack but no information was compromised The Independent UK · Jul 12, 2022
'Amazing journey': EU accepts Croatia as 20th eurozone member European Union finance ministers on Tuesday formally approved Croatia becoming the 20th member of the euro common currency at the start of 2023, a move hailed as the culmination of an "amazing journey" for a Balkan nation once at war. Reuters · Jul 12, 2022
Global markets post worst first-half performance in decades – as it happened US stocks have recorded their worst first half in more than 50 years as central bank attempts to slow inflation sparks selloff The Guardian - UK · Jun 30, 2022
UK will face worse inflation than other major economies, says Bank governor Andrew Bailey said inflation would persist for longer than previously expected as petrol prices soar The Guardian - UK · Jun 29, 2022
Powell: 'No guarantee' Fed can tame inflation, spare jobs Federal Reserve Chair Jerome Powell said there’s “no guarantee″ the central bank can tame runaway inflation without hurting the job market The Independent UK · Jun 29, 2022
Europe's central bank ready to 'stamp out' surging inflation The head of the European Central Bank says it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected The Independent UK · Jun 28, 2022
Boots £5bn sale abandoned; Heathrow landing fees to fall; petrol at new record – as it happened Rolling coverage of the latest economic and financial news The Guardian - UK · Jun 28, 2022
Central Bank Chiefs Meet to Discuss Inflation Challenge Central bank chiefs and economists gather Monday evening at their annual forum in southern Portugal to discuss the best approach to the inflationary challenges exacerbated by Russia's invasion of Ukraine. Some 200 delegates will attend the ECB Forum on Central Banking at a luxury hotel in Sintra, west of Lisbon,… Asharq Al-Awsat · Jun 27, 2022
History turns full circle as G7 alarm bells ring over energy once again First meeting in 1975 grappled with the oil shock – now it is Russia’s war in Ukraine creating angst The Guardian - UK · Jun 26, 2022
Why is the ECB still fiddling over a potential eurozone crisis? Christine Lagarde is failing to heed the lesson of the last decade: act quickly and act clearly The Guardian - UK · Jun 15, 2022
Eurozone interest rates to rise for first time in a decade The European Central Bank (ECB) will raise interest rates next month for the first time in 11 years in a bid to control soaring inflation, ending a stimulus scheme to support the economy during the Covid-19 pandemic. Radio France Internationale · Jun 10, 2022
Europe's 1st rate hike in 11 years looms amid high inflation It's decision time again for the European Central Bank The Independent UK · Jun 9, 2022
With Inflation on Rise, ECB Readies Tougher Action The European Central Bank is set to announce the end date to its bond-buying stimulus on Thursday, as concerns over the accelerating pace of inflation in the eurozone grip policymakers. The stop is a prelude to the ECB hiking rates for the first time in over a decade in the… Asharq Al-Awsat · Jun 9, 2022
'Friend-Shoring' Might Be Bad for Global Growth and Inflation As geopolitical tensions rise, Western governments have urged international companies to shift more business to friendly countries. Some critics think that could split the global economy into hostile camps, hurting growth and worsening inflation. Bangkok Post · Jun 6, 2022
Asharq Al-Awsat · May 26, 2022 One in 10 European Households Invest in Cryptocurrencies Nearly one in 10 European households has invested in crypto assets, an ECB (European Central Bank) study published Tuesday said, highlighting high demand for the risky investments, which witnessed significant devaluation this month. These novel assets lure middle class people, but “it is worth nothing. It’s not a safe investment,”…
The Guardian - UK · May 25, 2022 Davos day 3: WTO says food crisis could last two more years without Ukrainian safe corridors – as it happened Rolling coverage of the day 3 of the World Economic Forum
The Independent UK · May 23, 2022 European Central Bank chief signals possible July rate hike The president of the European Central Bank has given the clearest sign yet that policymakers will aim to raise interest rates as soon as July to ease surging inflation
The Guardian - UK · May 23, 2022 Bank of England not to blame for soaring inflation, says governor Andrew Bailey defends response to Covid pandemic and indicates Bank will not take aggressive approach to raising interest rates
Reuters · May 23, 2022 Economic outlook has 'darkened', business and government leaders warn in Davos Multiple threats to the global economy topped the worries of the world's well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession.
The Guardian - UK · May 11, 2022 US inflation dips to 8.3% but stays close to 40-year high –as it happened US food prices rise at fastest rate since 1981, as ECB’s Lagarde cements expectations for July rate hike, and German price rises hit record high
Financial Times · May 2, 2022 The global stagflation shock of 2022: How bad could it get? The double blow of pandemic and war has caused inflation to surge and growth to slow around the world. But experts do not expect a return to the 1970s
France 24 · May 1, 2022 France: Low growth and inflation increase risk of stagflation Income growth has stagnated as prices for essential goods and energy are on the rise. New figures from France’s National Institute of Statistics and Economic Studies (Insee) indicate that France could be entering a period of stagflation.
The Guardian - UK · Apr 22, 2022 IMF warns Russia-Ukraine war will have ‘severe economic consequences’ for Europe – as it happened IMF slashes growth forecasts for Europe, as pound falls 1.1% to 18-month low after sharp retail sales decline and April PMIs point to much weaker speed of recovery across UK economy
The Independent UK · Apr 21, 2022 Powell reinforces expectations of sharp rate hike next month The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said, signaling that sharp interest rate increases are likely in the coming months, beginning at the Fed’s next policy meeting in May
Benzinga · Apr 21, 2022 Inflation And Tech Earnings Set To Rattle Many Markets Next Week Next week, the largest market events will centre on inflation, with Australia and the European Area updating the market as to their respective rising consumer prices. Wednesday, April 27, 2022 Australia Inflation Rate YoY Q1