Paul Hannon

The U.K. government borrowed more in July than a year earlier as an increase in spending more than offset record revenues from income taxes, although its budget deficit for the first four months of the fiscal year fell.

Business activity in the U.S., Europe and parts of Asia has picked up in the face of a series of headwinds related to the war in the Middle East, according to surveys released Friday.

The head of the G20's Financial Stability Board wrote that potential disruptions triggered by AI wouldn't stop at national borders and that efforts to ensure the safe release of new models should be a priority.

The U.K. government is taking action to cut its debts and will continue to stick to its self-imposed budget rules, Prime Minister Andy Burnham told lawmakers Wednesday.

The Bank of England should raise its key interest rate to limit the risk that inflation will stay above its target for a prolonged period, even

U.K. businesses polled in August expected to raise their prices at a slower pace than they did in July, according to a Bank of England survey released Friday.

The bloc’s GDP picked up more rapidly than previously estimated in the quarter through June, but that resilience will be tested if the Iran war continues to block the Strait of Hormuz.

The eurozone economy picked up more rapidly than previously estimated in the three months through June despite the jump in energy prices caused by

The European Central Bank is expected to raise its key interest rate Thursday for the second time since the start of the war between the U.S. and

The widespread use of AI tools and social media platforms has contributed to a sharp deterioration in the reading skills of high-school students