Bank of England keeps rates on hold in knife-edge vote
The Bank of England kept rates unchanged on Thursday in a tight decision following recent signs that inflation is slowing,…
Euro zone retail sales unexpectedly fall in September
Euro zone retail sales unexpectedly fell in September, challenging expectations for a consumption-led recovery and offsetting other mildly positive news…
BoE’s Bailey: Risk of AI bubble if markets over price returns
Bank of England Governor Andrew Bailey said on Thursday there could be an artificial intelligence-induced bubble in markets, notwithstanding the…
Japan services activity remains strong despite slower new order growth
Japan’s service sector activity maintained solid growth in October, though new order growth slowed to a 16-month low, according to…
UK construction activity falls to lowest since 2020 as civil work plummets, PMI shows
Britain’s construction sector contracted in October at the fastest pace in over five years, with civil engineering activity declining at…
India’s October services growth eases to five-month low on heavy rain, competition, PMI shows
India’s dominant services sector saw its expansion falter to a five-month low in October, as competitive pressures and heavy rains…
German businesses see economic stagnation this year, 0.7% growth next
The German economy is expected to stagnate this year after two years of contraction, with tepid growth of 0.7% forecast…
National Bank of Greece profit hit by lower interest rates and rising costs
National Bank of Greece ETE, the country’s second-largest lender by market value, on Thursday posted a 7.9% drop in nine-month…
US household debt up modestly in third quarter, New York Fed says
Overall U.S. household debt levels increased modestly in the third quarter as borrowing in some form of trouble stabilized and…
Layoffs in U.S. for October surge to two-decade high, Challenger data shows
U.S.-based employers cut more than 150,000 jobs in October, marking the biggest reduction for the month in more than 20…