British inflation defied expectations of a slowdown to hold at 8.7% in May, putting yet more pressure on the Bank of England.

Multiple crises are making it difficult for the European Union to finance new projects. The crises include the conflict in Ukraine, migration and energy supply shortages as well as rising energy costs.

US bank failures are occurring at an unprecedented rate, worrying bank depositors and investors indicative of another financial crisis is on the horizon given the unstable state of the US economy

An increasing number of Italians are feeling the crunch of simmering inflation and rising interest rates.

Tight labor market data cause US stock indexes to fall as many are worried about rising interest rates.

A leading international credit rating agency has warned that the United Kingdom is likely to tip into recession in the last quarter of this year as a result of soaring inflation and a hike in bank interest rates. 

An American economist and author said the decision by the US Federal Reserve to raise interest rates in the face of collapsing consumer demand may signal an intention to cause an economic collapse.