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  • Eshe Nelson

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Rachel Reeves, Britain’s First Female Chancellor, Turns to Janet Yellen for Inspiration

Rachel Reeves, who will oversee Britain’s budget, is expected to pursue an agenda influenced by Janet Yellen’s more activist approach to job-creation and investment in…

Powell Cites ‘Real Progress’ as Central Bankers Assess Inflation Fight

Jerome H. Powell, the Fed chair, and Christine Lagarde, the European Central Bank chief, sounded optimistic about recent inflation data but reiterated the need for…

How Taylor Swift’s Eras Tour Might Affect Europe’s Economy

Economists are debating what effect the singer’s sweep through Europe will have this summer as swarms of fans increase demand for hotels and services.

Bank of England Holds Rates Steady, Despite Slower Inflation

Officials kept rates at their highest level since 2008 for a seventh consecutive meeting, even as inflation dipped to 2 percent in May.

How Britain’s Economy Became So Stagnant

After more than a decade of deep budget cuts, slow growth and weak productivity, the country has struggled to overcome years of uncertainty and underinvestment.

European Central Bank Cuts Interest Rates for First Time Since 2019

The reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain…

E.C.B. Is Likely to Leapfrog the Fed on Interest Rate Cuts

With eurozone inflation falling, the European Central Bank has signaled it is ready to lower rates this week, diverging from the U.S. Federal Reserve.

London Moves to Revive Its Reputation as a Financial Hub

As fears have grown that the city is losing its attractiveness for publicly traded businesses, Britain’s government is making changes to bring them back.

U.K. Inflation Falls to 2.3 Percent, Lowest in Three Years

The decline, which was less than economists expected, is nearing the Bank of England’s 2 percent target.

UK Shakes Off Recession as Economy Grows Faster Than Expected

Gross domestic product increased 0.6 percent in the first quarter, after shrinking the two previous quarters.