Several studies show that the growing frequency of heatwaves is already having significant impacts on the European economy, leading to losses in GDP and labour productivity. Experts warn that these economic impacts are set to increase sharply in the coming decades.

European ministers failed to approve tough Russia sanctions while being pressed to pay for American arms that Trump takes credit for providing.

The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model.

Making tanks and bullets brings limited economic benefits. That means NATO members’ pledge to spend 5% of GDP on defence will produce a minimal growth bang. The payoff expands if governments borrow to finance the effort and seriously boost investment in research and development.

The Marcos administration hit the gas on economic reform—but there’s no room for stalling if it wants to reach the finish line. As President Marcos Jr. enters the second half of his term, the Philippines stands at a crossroads.

Ahead of the threatened tariffs, front-running of orders looks to have been particularly steep in the pharmaceutical sector. Factory output recorded a strong rebound in May in Ireland, where pharma titans like Allergan and Pfizer manufacture popular drugs from Botox to Viagra.

An economic forecast the European Commission released last week projected that the EU economy will grow by 2.7% in 2022 and by 1.5% in 2023. Annual average inflation is poised to touch a record ...

Instead, as Europe flounders, the U.S. economy is doing spectacularly well by almost every measure (even if not all Americans seem to think so). Unemployment is at historic lows, ...

In the face of chaos, the global economy powers on. Since 2011 growth has continued at around 3% a year. During the worst of the euro crisis in 2012? Around 3%. What about 2016, the year Britain voted for Brexit and America for Donald Trump,