Photograph: iStock

The number of employees on British company payrolls surged in June by the most since the start of the coronavirus pandemic, according to data which p(...)

 Vehicles run on a main road in Beijing, China, on Wednesday. China’s GDP rose 12.7% year on year in the first half of 2021, according to data from the National Bureau of Statistics. Photograph: Wu Hong/EPA

China’s economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and new Covid-19 outbreaks, a(...)

An investor consensus that took months to build, namely that robust economic growth and elevated inflation would bring about substantially higher interest rates, has been coming apart, and the pain for those caught in that trade has heightened with moves in the past couple of days.

A furious plunge in Treasury yields is reverberating through global financial markets, propelling shares of fast-growing tech companies to new records(...)

After years of failing to lift inflation up to its objective, the ECB has ditched its target of “close to, but below, 2 per cent”.

The European Central Bank has set itself a new 2 per cent inflation target and said it will tolerate temporarily exceeding this when needed, in a shif(...)

Passers-by walk on Marienplatz in front of the city hall of Munich. Germany’s PMI hit a decade high of 60.4, while France’s PMI inched up to 57.1. Photograph: AFP via Getty

Businesses across Europe are experiencing the largest increases in orders and activity for many years, creating growing supply shortages and driving u(...)

Gavan Kennedy in Sitio Marna, in the Philippines

Gavan Kennedy is from Glasson, Co Westmeath. He left Ireland in 1991 to go to George Washington University, in Washington, DC, and returned in May 201(...)

The majority of businesses surveyed reported a contraction in activity. Photograph: Yoan Volat/EPA

The sharp drop in euro zone business activity has deepened, according to a widely-watched survey of companies, in the latest evidence that tighter res(...)

The cost of shipping a 40-foot container from Asia to northern Europe has increased from about $2,000 (€1,648) in November to more than $9,000. Photograph: Nick Bradshaw/The Irish Times

The cost of shipping goods from China to Europe has more than tripled in the past eight weeks, hitting record highs as a shortage of empty containers (...)

Retail sales data for November showed a 6.1 per cent drop compared with the previous month, reflecting tightening Covid-19 restrictions in most countries. Photograph: John MacDougall / AFP

Euro zone retail sales contracted more than expected in November and inflation was negative for the fifth consecutive month in December, adding to the(...)

Photograph: iStock

Euro zone economic performance far exceeded expectations this month – although it still contracted slightly – as a second wave of coronavirus infectio(...)

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