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Higher food prices may be here to stay, the Bank of England’s chief economist has said. Huw Pill told MPs that the rate at which food prices are rising was…

Shares of major chipmakers Nvidia and AMD have fallen amid concerns of new US restrictions on the sale of artificial intelligence chips to China. Nvidia says the US government requires…

The maker of weight-loss jabs Wegovy and Ozempic, Danish pharmaceutical giant Novo Nordisk, has reported a sharp rise in profits on the back of surging demand for the drugs. Net…

Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has said. Central banks have raised rates “with a degree of…

Erratic climate conditions – including the driest August in more than a century – have sent food prices spiralling above 11% in India, which is a major player in global…

The International Monetary Fund’s (IMF) board has given its approval for a $3bn (£2.3bn) bailout for Pakistan. The crisis-hit nation will get about $1.2bn upfront, with the rest due to…