The International Monetary Fund is downgrading its outlook for the world economy for 2023, citing a long list of threats that include Russia’s war against Ukraine, chronic inflation pressures,…

Strikes staged by France's hard-left CGT union at refineries of ExxonMobil and TotalEnergies continued on Sunday, union officials at both companies told Reuters. "It is continuing everywhere," a…

Ukrainian President Volodymyr Zelenskiy asked parliament to approve banker Andriy Pyshnyi, who has helped advise the government on implementing sanctions against Russia, as new central bank chief. …

Bulgarians voted in their fourth national election in less than two years on Sunday, with little hope for a stable government emerging because of deep divisions within the political elite over how to…

Mario Draghi's outgoing Italian government on Wednesday slashed next year's economic growth forecast to 0.6% due to sky-high energy costs but said strong revenues would still ensure an improvement in…

Switzerland exited the era of negative interest rates on Thursday when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation. …

India's wholesale price inflation slowed in August helped by a fall in commodity prices, but double-digit price gains for the 17th month raise the chance for more rate hikes this month. The…

Germany's government will use income from windfall taxes to lower end-consumer prices for gas, oil and coal, German Chancellor Olaf Scholz said on Sunday, announcing measures to mitigate the impact…

Britain's services businesses reported a record increase in costs over the past three months and are downbeat about the future, as inflationary headwinds look set to squeeze demand further, the…

The U.S dollar climbed to a 20-year high against other major currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down…