Germany has been Europe’s economic engine for decades, pulling the region through one crisis after another. But that resilience is breaking down, and it spells

Wall Street giant JP Morgan Chase is cutting jobs at failed US lender First Republic Bank, after buying the firm this month. Around 1,000 roles,

President Joe Biden and Republican House speaker Kevin McCarthy have moved closer to a two-year deal to limit government spending and avert a US debt

On Wednesday night, Fitch Ratings laid out a stark warning to the US government: Raise the debt ceiling or put the world’s biggest economy at

One of the joys of writing about business is that rare moment when you realise conventions are shifting in front of you. It brings a

Threats to the global banking system have ebbed, but the industry might be forced to curtail lending and revamp business models in an era of

A deadlocked Congress that has taken America to the brink of default could jeopardize the United States’ perfect credit rating, Fitch said in a stern

Federal Reserve officials concluded the need to further lift interest rates had become “less certain” as economic risks had increased, although the US central bank

Borrowers have been warned to brace for Bank of England interest rates above 5% before the end of the year, after an unrelenting rise in