Finance News

By Shariq Khan NEW YORK, July 16 (Reuters) - Oil prices settled about 1% lower on Thursday but remained near their highest level since mid-June as the Iran war escalated, with Tehran asking Yemen's

By Indradip Ghosh BENGALURU, July 16 (Reuters) - The European Central Bank will hold interest rates on July 23 but will hike for the second time this year in September as a renewed energy price surge

The Brazilian tariffs are the first in what's expected to be a series of new global tariffs.

According to the Office for National Statistics, gross domestic product rose 0.1% in May.

PARIS, July 16 () - France's government plans to sharply restrain most public spending growth in 2027 as rising defence outlays and borrowing ‌costs consume an increasing share of the budget, spending ceilings published ‌on Thursday showed. The ceilings set the stage for a potentially rocky parliamentary budget battle from October, ​as the government seeks to keep the deficit under control ahead of a 2027 presidential election that polls suggest could favour the far right.

Retired public sector workers were handed a record £56bn in gold-plated pension payments in 2025-26, figures show.

MILAN, July 16 (Reuters) - Italy's Monte dei Paschi di Siena (MPS) regards the premium implied in a €30.6 billion ($34.9 billion) unsolicited takeover bid from rival Intesa Sanpaolo as too low, the

By Kate Abnett BRUSSELS, July 16 (Reuters) - The European Union is eyeing a target for electricity to account for 46% of energy consumption across the bloc by 2040, doubling the rate today, a draft

When Sir Keir Starmer resigned as Prime Minister last month, he accepted responsibility for Labour’s numerous miscalculations since taking office. However, the blame extended far beyond him.

The new mortgage allows borrowers to access loans worth up to five times their income

A surge in energy-sector profits is set to help European blue-chip companies.

The number of pensioners paying tax rises every year as the freeze continues.