Liz Truss has U-turned. Will it be enough?

BIRMINGHAM, England — So in the end, Liz Truss was for turning. But the damage to…

U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases

The Federal Reserve and other central banks risk pushing the global economy into recession followed by…

Why Interest Rates Are Rising Everywhere—Except Your Savings Account

This copy is for your personal, non-commercial use only. Distribution and use of this material are…

U.K. Government Abandons Plan to Cut Rate of Income Tax for Top Earners

LONDON—U.K. Chancellor of the Exchequer Kwasi Kwarteng on Monday ditched a plan to cut the 45%…

Six years after Brexit, Britain has still had enough of experts

Press play to listen to this article BIRMINGHAM, England — It was one of the most…

7 nightmares in the making for Italy’s Giorgia Meloni

Press play to listen to this article Giorgia Meloni and her Brothers of Italy party emerged…

U.K.’s Central Banker Faces Inflation, a Financial Crisis and His Own Government

LONDON—In late August, Bank of England Gov. Andrew Bailey was at a symposium in Jackson Hole,…

The fourth quarter starts now, and it’s not looking good for the economy

If the outlook for fourth-quarter economic growth isn’t quite like staring into the abyss, it’s at…

UK Tory civil war deepens as Michael Gove blasts ‘profoundly concerning’ Liz Truss budget

Press play to listen to this article Splits in the governing U.K. Conservative Party burst into…

Inflation Keeps the U.S. From Stepping In to Slow Dollar’s Rapid Rise

WASHINGTON—U.S. policy makers aren’t likely to take action to slow the dollar’s rapid rise despite rising…