Eshe Nelson

The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.

As chancellor, John Healey, who quit as defense secretary in the former government, will fill one of the most consequential posts, overseeing fiscal and economic policy.

Conversations with economists, and people around him, shed light on how Andy Burnham might tackle entrenched challenges.

The Federal Reserve chairman, Kevin Warsh, stressed that the central bank would “deliver price stability,” a point he has emphasized repeatedly since taking over in May.

Citing lower trade and investment, analysts broadly agree that Britain’s economy is smaller than it would have been if the country had stayed in the E.U.

Bank of England policymakers kept interest rates on hold, saying the impact of the war in Iran was still a major source of uncertainty for the economy.

The European Central Bank is set to raise rates, the first such move since September 2023, as energy disruptions caused by the Iran war drive higher prices.

As the war in Iran persists, signs point to a prolonged period of higher prices and slower growth rather than a quick shock.

The Organization for Economic Cooperation and Development, in a report, said the Middle East war’s consequences “are likely to be felt for some time.”

After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.

Britain is facing another round of turmoil in government leadership, jolting debt investors who were already on high alert over inflation.

Fatih Birol of the International Energy Agency, who orchestrated a multinational release of oil reserves, detailed the risks facing the economy now and beyond.