The Latest Breaking News from Christine Lagarde

Globally connected Credit Suisse has been taken over by rival UBS at the urging of Swiss authorities to avoid a collapse that could have sent shock waves through the global economy

Holders of riskier AT1 bonds, which are wiped out under deal with UBS, consider legal action.

Stocks futures slide as bank crisis concerns linger; Credit Suisse grabs $54 billion lifeline from Swiss National Bank; European Central Bank rate decision on deck as financial sector trembles; First Republic shares slump amid bank sale reports and FedEx earnings up next as cost-cutting accelerates.

For anyone trying to understand where interest rates and inflation are heading, it has been a strenuous few days. Jay Powell, chairman of US central bank the Federal Reserve, warned senators he may have to do more to fight inflation than expected, indicating the prospect of interest rates rising more…

Using the example of Bitcoin, he told audiences digital currency meets all of his benchmarks.

The cost of childcare in the UK is among the highest in the world, and is driving many women to leave the workforce. Access to affordable childcare is a crucial element in addressing gender inequality. On International Women's Day, we also look at efforts to promote female entrepreneurs in the…

“We will do whatever is needed to return inflation to 2%,” ECB President Christine Lagarde told the Spanish newspaper El Correo in a Sunday interview, referencing the central bank’s inflation target.

In 2022, the annual inflation rate hit a record level (8.4%) since the Eurozone’s creation in 1999, mostly because of disruptions in the global supply chain and by the energy crisis provoked by the conflict in Ukraine.

Frankfurt (Germany) (AFP) - The European Central Bank raised interest rates again Thursday and signalled it would "stay the course" with an identical hike next month, even as the outlook in the eurozone brightens.