Slovakia’s government approved an election-year budget for 2027 with a deficit equivalent to 4.9% of economic output, the widest gap in three years and in breach of European Union rules.
Tax changes targeting the super-rich are triggering a wealth exodus from the UK, weighing on London's status as global financial hub. The Bloomberg Billionaires Index reveals how much money is at stake. Bloomberg's Benjamin Stupples reports. (Source: Bloomberg)
Greece’s budget surplus this year will be higher than previously expected, while the country’s economy will grow at a 2% rate in 2026 before accelerating to 2.3% next year.
Britain’s jobs market is stuck in its longest downturn since the early 2000s, according to a closely-watched survey, surpassing the decline during the financial crisis.
A measured European Central Bank response is appropriate to control inflation as policymakers assess how a second wave of the energy shock affects the economy, according to Chief Economist Philip Lane.
The European Central Bank must be ready for various inflation outcomes as the situation in the Middle East continues to dominate the outlook for consumer prices, Governing Council member Joachim Nagel said.
Turkish inflation continued to slow in September, raising the prospect of an interest rate cut at the next central bank meeting to help ease liquidity strains stemming from a domestic funds crisis.
Artificial intelligence is causing a surge in demand that is fueling inflationary pressure and long-term interest rates, with an impact that may affect the neutral rate of interest, according to Bank of Japan Deputy Governor Shinichi Uchida.
Vanguard Chief Economist Qian Wang projects inflation will reach around 3% by year-end before easing toward 2.5% by the end of 2027. She identifies elevated energy prices and near-term AI capital investment as the primary drivers keeping price pressures high. (Source: Bloomberg)
The UK is preparing to impose import levies on Chinese electric vehicles to meet a key demand from the European Union, the Times of London reported, in a blow to a group that now accounts for nearly one in four cars sold in the country.
President Donald Trump’s chief economic adviser called on former Federal Reserve Chair Jerome Powell to leave the central bank’s board after an internal report cited management failures in the renovation of its headquarters.
Australia’s auction clearance rate fell to a three-month low as long weekends in some states and the central bank’s interest-rate increases damped activity.
Any urgency among Federal Reserve and European Central Bank policymakers to follow up September interest-rate hikes at this month’s meetings has been dialed back in the wake of soft US jobs data and acute stress in French financial markets.
Christopher Condon, Vince Golle and Craig Stirling
Treasury Secretary Scott Bessent said the recent rise in US Treasury yields was in line with global trends and didn’t warrant consternation, even as worries about persisting price pressures pushed some benchmark rates to their highest in more than two decades.
German Chancellor Friedrich Merz is set to meet both of the frontrunners to succeed European Central Bank President Christine Lagarde, people familiar with the matter said.
