Crackdown on zero-hours contracts could cost UK firms up to £3bn per year

The biggest threat to central banks’ independence comes from governments pushing them to finance huge fiscal deficits, according to the Bank of England’s chief economist.

South Korea’s financial industry union plans to strike to protest the government’s push to relocate public institutions out of Seoul, escalating opposition to President Lee Jae Myung’s drive to spread economic activity…

As record temperatures sweep Europe, governments face hard trade-offs. Bloomberg Originals explores whether the continent can adapt to extreme heat amid political turmoil and economic scarcity. (Source: Bloomberg)

The Netherlands moved some 90 tons of gold out of the Federal Reserve Bank in New York, the second European nation this year to announce it had decreased or eliminated U.S. gold holdings.

South Africa’s central bank chief Lesetja Kganyago said policymakers can afford to respond cautiously to the aftereffects of inflation shocks such as higher oil prices caused by the Iran war and a looming drought.

The dollar sank to the lowest level since May after Federal Reserve Governor Christopher Waller noted progress on inflation and as the yen surged against its major counterparts.