Frankfurt, Germany. Wednesday’s industrial output data for Britain, France and Italy followed news a day earlier of a shock plunge in Germany, setting back expectations that economic growth across the continent might be picking up in 2016.

Europe’s top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global econ(...)

“The Bank of England is maintaining its view that the bonus cap doesn’t work,” said Alexandra Beidas, from Linklaters, a law firm. “Most of the City are hoping the BoE’s recent comments indicate it will choose not to extend the cap.”

The UK has not abandoned its battle against an EU cap on bankers’ bonuses, including it in a list of regulations it says do not work. The Bank of Eng(...)

The BoE’s own economic forecasts - which are based on an earlier market assumption of a rate rise in the second half of 2017 - show the weakest outlook for growth in nearly three years

The Bank of England cut its economic growth forecasts on Thursday due to a darker global outlook, and the lone policymaker who had backed a rate rise (...)

George Soros: famously broke the Bank of England.  Photograph: Matthew Lloyd/Bloomberg

The Red Fire Monkey is supposed to be an very lucky year in the Chinese zodiac, but slowing economic growth in China means that investors and consumer(...)

Andrew Bailey, the deputy governor of the Bank of England, who has been appointed head of City watchdog, the Financial Conduct Authority. (Photograph: Suzanne Plunkett/PA Wire)

Bank of England deputy governor Andrew Bailey will become the new chief executiveof the UK Financial Conduct Authority, as the Treasury turned to a f(...)

Francine Lacqua, editor at large and anchor for Bloomberg Television, left, speaks with George Soros, billionaire and founder of Soros Fund Management LLC, during an interview at the World Economic Forum (WEF) in Davos, Switzerland . Photographer: Matthew Lloyd/Bloomberg

Billionaire investor George Soros said China’s economy is headed for a hard landing, a slump that will worsen global deflationary pressures, drag down(...)

Accenture Ireland Managing Director Alistair Blair: “We look for certain characteristics. We want people with exploratory and inquisitive minds, who are ambitious and who can put the client first.” Photograph: Alan Betson

When Alastair Blair joined Accenture Ireland’s graduate programme in 1987, the company has just 70 employees. Fast forward almost 30 years, and he is(...)

Bank of England Governor Mark Carney said that recent pay figures suggest there is still enough slack in the labour market to maintain the benchmark rate at 0.5 per cent for now.

UK unemployment unexpectedly fell to the lowest in almost a decade and wage growth slowed less than economists forecast as the labour market continued(...)

 Bank of England governor Mark Carney delivers a speech on the UK economy at the Queen Mary University in London on Tuesday. Mr Carney said that there would be no interest rate rise for now. Photograph: EPA

Borrowers are delighted but the despair drags on for savers as Bank of England governor Mark Carney has made it clear that there is no prospect of an (...)

British inflation has hovered near zero since early 2015, boosting the spending power of consumers that have spearheaded Britain’s economic recovery but remaining far below the Bank of England’s 2 per cent target. (Photograph: Marlene Awaad/Bloomberg)

British inflation edged up to an 11-month high in December after a spike in airfares, but prices for 2015 as a whole were flat for the first time sin(...)