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Economy
The Economy section of Info-Today covers the latest developments in European and global economic affairs. Readers can follow inflation trends, central bank decisions, employment data, trade policies, public finances and market movements affecting businesses and households across Europe. Our coverage includes expert analysis, forecasts and key indicators shaping growth and financial stability.
Software glitch in UK air traffic system corrupted data in a millisecond, NATS says
A software defect corrupted flight data in under a millisecond, triggering a six-hour outage and widespread cancellations across the UK.
Bank holds rates at 3.75% and signals war risks could force future hikes
Bank of England keeps rates at 3.75% and unveils gilt sales plan, warning Middle East fighting could compel future rate rises amid inflation concerns.
Federal Reserve Raises Rates for First Time Since 2023, Intensifying Policy Debate
The Fed increased its benchmark rate by 25bp to 3.75%–4%, the first hike since 2023; political tensions emerge as Trump urges rate cuts.
Healey holds talks with Canada over joining proposed global defence bank
Chancellor John Healey discusses UK membership of a Canada-led defence bank to support allied rearmament and lower project costs.
Lagarde Urges Europe to Build Homegrown AI and Data Hubs to Avoid Strategic Dependence
ECB chief Christine Lagarde calls for European AI models and domestic datacentres to reduce leverage from the US and China.
Hospitality Firms Urge PM Andy Burnham to Announce VAT Cut Roadmap
Over 800 hospitality businesses urge PM Andy Burnham to set out VAT reduction plans, warning of closures and job losses without action.
Tesco reports misuse of its brand as unlicensed casino ads surface on social platforms
Tesco has alerted police after unlicensed casinos used its image in endorsement-style ads on Facebook and Instagram.
More than 120 groups urge chancellor to scrap ‘hidden’ levies on energy bills
Businesses and charities ask the government to fund levies that add about 10% to energy bills ahead of the 28 October budget.
Oil Surge Sends Global Bond Markets Tumbling as Inflation Fears Resurface
A sharp rise in oil above $107 lifts inflation worries and pushes global government bond yields higher, complicating borrowing for states.
UK demands answers as air traffic failure forces thousands of cancellations
Transport minister orders CAA review and a one-week report from Nats after a technical failure caused about 2,000 flight cancellations.
UK air traffic failure leaves hundreds of thousands facing travel chaos
A major UK air traffic control failure cancelled over 1,000 flights, with disruption continuing and calls for an overhaul of systems.
Oil Nears $100 After Attacks on Saudi Energy Sites; UK Yields Rise
Attacks on Saudi energy facilities push oil toward $100; UK 10-year gilt rises to 5.19% and 30-year to 5.83%.
No taxpayer bailouts as Jaguar Land Rover proposes thousands of cuts
UK government rules out taxpayer bailouts as Jaguar Land Rover plans up to 4,000 redundancies amid international pressures.
UK August car sales hit eight-year high as Volkswagen greenlights 50,000 job cuts
UK new-car registrations reached an eight-year peak in August while Volkswagen's board backs Future Plan 2030 with 50,000 job reductions.
Gilt yields spike as US‑Iran tensions revive global bond sell-off
Global bond sell-off pushes 10‑year gilt yield near 5.3%, heightening pressures on John Healey ahead of his first budget.
Thinktank Urges Healey to Target Middle-Income Taxes to Finance Defence Ambitions
Resolution Foundation urges Chancellor Healey to consider higher middle-income taxation to meet planned defence spending amid a low UK tax wedge.
Bank of England governor warns frontier AI could destabilise global economy
Bank of England governor Andrew Bailey warns frontier AI's autonomy may pose systemic risks and require coordinated global oversight.
Venezuela’s interim president defends contentious oil agreement with Trump
Delcy Rodríguez asserts Venezuela retains sovereignty over reserves amid outrage after a deal granting U.S. control of 65bn barrels.