IMF chief cuts growth forecast over ‘off the charts’ trade uncertainty
Kristalina Georgieva warns that Donald Trump’s tariff ‘reboot’ threatens to raise prices and play havoc with markets
news
Read More
Turkey’s central bank raises interest rate to 46%
Unexpected move comes after US tariffs and arrest of President Recep Tayyip Erdoğan’s main political rival
UK ban on EU cheese and meat: What it means for you
The temporary measure by the government is aimed at stopping the spread of foot and mouth disease.
BP suffers biggest AGM protest vote in five years
Quarter of energy company’s investors vote against re-election of outgoing chair Helge Lund
ECB cuts rates for third time this year as Europe braces for Trump tariffs
Quarter-point cut in cost of borrowing aimed at combating slowing eurozone growth and impact of US border taxes
The cost of borrowing fell across the 20-member euro area for the third time this year on Thursday when the European Central Bank cut its main interest rate to 2.25% in response to slowing growth and Donald Trump’s tariffs.
The Frankfurt-based bank cut its benchmark deposit rate by a quarter of a percentage point, in line with City economist expectations, to tackle a slowdown in the bloc and the impact from the border taxes imposed earlier this month on all EU imports into the US.