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GDP shrank 0.1% in first quarter of 2023 and final three months of 2022 after revisions to earlier estimatesBusiness live – latest updatesThe eurozone slipped into recession in the first three months of the year, after official figures were revised to …
Chancellor responds to news UK likely to avoid recession but will have one of highest inflation rates among G20Business live – latest updatesThe UK chancellor, Jeremy Hunt, has expressed concern about the persistence of Britain’s cost of living crisis …
Updated data shows economy went into reverse in first quarter with GDP falling by 0.3%Germany has entered a recession, revised official figures have revealed, after high prices took a bigger toll on the country’s economy than originally estimated.Data …
Leaders expected to form council that will discuss response if states such as Russia and China boycott trade for political reasonsThe UK and other G7 countries are planning collective action against Russia and China if they threaten trade boycotts for …
Revised outlook for 2023 and 2024 puts average growth for 27-member bloc at 1%Eurozone growth and inflation forecasts lifted – business liveEurope’s economy is expected to grow faster than previously thought this year and next, despite high inflation a…
Report details how local people and firms helped Alisher Usmanov’s conceal immense wealthCyprus has received an 800-page dossier from the US government detailing sanctions breaches by local individuals and entities that are alleged to have enabled the …
Deal would build closer economic ties as most western states push to isolate Moscow over UkraineIndia and Russia have entered “advanced negotiations” over a free trade agreement that aims to build closer economic ties as most western governments push t…
Konstantin Malofeyev, accused of aiding pro-Russian rebels in Ukraine, appeared to continue moving money through the global systemLeak reveals how Roman Abramovich funded Chelsea’s successThe family firm that helped pour Abramovich’s millions into Chel…
Foreign secretary says ‘free and open Indo-Pacific’ is ‘critical to UK’ and releases manga-style cartoons to mark his visitJames Cleverly has arrived in Japan for a G7 foreign ministers’ summit to promote a “free and open” Indo-Pacific, as the UK gover…
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo CNBC: Surprise oil output cuts from OPEC+…