World must ‘buckle up’ for higher interest rates, warns IMF boss
The war between Hamas terrorists and Israel has had a “visible” economic impact, according to the head of the International Monetary Fund, as she warned...
HSBC CEO Says World at ‘Tipping Point’ Following Government Debt Binges
HSBC’s CEO, Noel Quinn, warns of an impending global debt crisis, emphasizing that nations are nearing a critical “tipping point” in borrowing. This is compounded...
Global recession looms as cost of living crisis crushes post-Covid rebound
A global recession is looming as rising interest rates and the cost of living crisis eat away at the remaining strength of the post-Covid rebound,...
Banking fears reignited on Wall Street as HSBC chief claims crisis is over
Fears of a US banking crisis were reignited on Tuesday after shares in two regional lenders plummeted following the failure of First Republic. PacWest, a...
The giant black cloud hanging over Europe’s economic recovery
A remarkable ECB ‘dialogue paper’ last month on QT in the eurozone said the institution “should think more carefully” about the risks of draining reserves...
Cash will become ‘less useable’ as high street goes contactless, says Bank of England
As cash continues to decline, new, non-bank financial institutions are likely to start issuing private money such as stablecoins – a type of cryptocurrency that...
Brace for QE all over again, and let us get it right next time
There has been no fundamental reset of the monetary process. The International Monetary Fund says that for all the noise we remain in the grip...
Government debt reaches 99.2pc of GDP as borrowing hits February record
Chancellor Jeremy Hunt said: “Borrowing is still high because we’re determined to support households and businesses with rising prices and are spending about £1,500 per...
Bank of England warns of ‘apocalyptic’ global food shortage
The series of shocks to inflation are so severe that a Cabinet minister criticised the Bank over the weekend for failing in its “one job...