Wednesday, 16 September 2026 · Europe
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EUROPES The European Report
European Edition Wednesday, 16 September 2026
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Economy & Money

Economy & Money

European economy, markets, the euro, ECB, inflation and business.

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BoE's Bailey warns US cannot secure AI alone

The Bank of England governor has warned Washington that unilateral AI restrictions will fail, as a looming UK leadership change faces rising geopolitical and fiscal headw

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US drops Hormuz cargo fee as naval blockade on Iran resumes

President Donald Trump has abandoned a planned 20% toll on Strait of Hormuz shipping in favour of Gulf investment deals, though a

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Stranded £40m Dover terminal threatens EU summer travel

A £40m border facility built to process new EU biometric checks sits unused at Dover, risking severe summer congestion at Europe’s

IBM loses quarter of value as AI hardware rush diverts corporate budgets

Buffett cuts Gates from $6bn donation, accelerates $140bn plan

£5.5m fake kit raid highlights scale of Europe's counterfeit trade

$50.1m T-Rex sale highlights fossil market boom, European academics warn

Cincinnati rail sale creates $1.9bn fund but blocks housing fix

Bank of England warns of AI bubble as UK loosens capital rules to spur tech lending

De Beers halts South African mine as diamond prices plunge

US inflation eases to 3.5% as oil spike stalls Fed rate cuts

US inflation eases to 3.5% on brief Iran truce, but oil prices surge again

UK wasted £9.9bn on Covid PPE, inquiry finds

Energy spike from Iran strikes revives European rate hike bets

Chinese car exports top 1m as VW plans up to 100,000 job cuts

Ofwat orders South East Water shareholders to fund £30.5m redress

UK regulator fines South East Water £30.5m for supply failures

Campaigners urge London to adopt city-wide right to grow food on public land

UK's strict beer rules block investment in no-lo boom

US Commerce Secretary Lutnick caught in undisclosed Epstein ties

Bali tourism expansion drains aquifers and triggers severe water crisis

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