BREAKING NEWS

Inflation

Business

Retail sales slump bodes ill for UK economy

British retail sales posted their biggest quarterly fall in seven years in Q1 2017, as rising prices since the Brexit vote pressured consumers.

British retail sales posted their biggest quarterly fall in seven years in Q1 2017, as rising prices since the Brexit vote pressured consumers.

Business

UK wages growth losing out to inflation

British workers' pay growth is barely keeping up with inflation as UK households feel the squeeze from rising prices.

British workers' pay growth is barely keeping up with inflation as UK households feel the squeeze from rising prices.

Business

UK inflation holds steady in March

Inflation in Britain was unchanged last month, but was still up 2.3 percent compared to a year ago. Retail sales dipped in March

Inflation in Britain was unchanged last month, but was still up 2.3 percent compared to a year ago. Retail sales dipped in March

Business

Europeans shop till they drop in February

February was a good month for fashion as Europeans bought clothers by the bundle boosting the overall retail sales figures beyond expectations.

February was a good month for fashion as Europeans bought clothers by the bundle boosting the overall retail sales figures beyond expectations.

Business

UK jobless rate falls but wage growth weakens again

The UK unemployment rate has fallen again, but a record number are on zero-hours contracts, and wage growth was weak even as inflation jumped.

The UK unemployment rate has fallen again, but a record number are on zero-hours contracts, and wage growth was weak even as inflation jumped.

Business

How should Europe react to inflation forecasts?

Lucrezia Reichlin, Professor of Economics, London Business School: The countries that are part of the Euro Area – I think that definitely the European Central Bank should keep on providing the stimulu

Lucrezia Reichlin, Professor of Economics, London Business School: The countries that are part of the Euro Area – I think that definitely the European Central Bank should keep on providing the stimulu

Business

What are Europe’s biggest uncertainties?

Lucrezia Reichlin, Professor of Economics, London Business School: Well I think if we look at the US, the uncertainty is obviously the Trump factor.

Lucrezia Reichlin, Professor of Economics, London Business School: Well I think if we look at the US, the uncertainty is obviously the Trump factor.

Business

Businesses need Europe to change

Anne-Sophie Panseri, CEO, Maviflex: I’ll be optimistic because the development of my company is involved, and it is a major issue for us, but I think that Europe needs to rethink its…

Anne-Sophie Panseri, CEO, Maviflex: I’ll be optimistic because the development of my company is involved, and it is a major issue for us, but I think that Europe needs to rethink its…

News

Financial markets braced for US interest rate hike

Federal Reserve policymakers have started a two-day meeting which is almost certain to produce an increase in the cost of borrowing in the US.

Federal Reserve policymakers have started a two-day meeting which is almost certain to produce an increase in the cost of borrowing in the US.

Business

Prices spike in Spain but government says it's temporary

Spanish inflation hit 3 percent in February compared to the same month in 2016. The government said that was temporary and energy costs will decline.

Spanish inflation hit 3 percent in February compared to the same month in 2016. The government said that was temporary and energy costs will decline.

Business

Eurozone economic growth revised down for end of 2016

Eurozone economic growth in the final three months of last year was not as good as initially thought - 0.4% rather than the initial 0.5% estimate.

Eurozone economic growth in the final three months of last year was not as good as initially thought - 0.4% rather than the initial 0.5% estimate.

Business

ECB's Draghi warns against US relaxing bank rules

European Central Bank head Mario Draghi has called the US administration's idea of relaxing bank rules "very worrisome".

European Central Bank head Mario Draghi has called the US administration's idea of relaxing bank rules "very worrisome".

Business

Eurozone factory activity ramps up

There was a strong start to 2017 for factory activity in the eurozone as surveys showed it increased at the fastest rate in nearly six years.

There was a strong start to 2017 for factory activity in the eurozone as surveys showed it increased at the fastest rate in nearly six years.

News

Brexit linked weaker pound boosts UK inflation to 1.6%

Inflation in Britain rose strongly in December as the Brexit vote caused the pound to weaken pushing up the cost of imported raw materials.

Inflation in Britain rose strongly in December as the Brexit vote caused the pound to weaken pushing up the cost of imported raw materials.

Business

New year, new highs

Business Line looks at the great expectations for 2017 with the eurozone economy maybe showing some signs of recovery after years of malaise.

Business Line looks at the great expectations for 2017 with the eurozone economy maybe showing some signs of recovery after years of malaise.

News

Have economists' Brexit forecasts been too negative?

Several economists have admitted they were mistaken to predict the UK economy would immediately suffer after the vote to leave the EU.

Several economists have admitted they were mistaken to predict the UK economy would immediately suffer after the vote to leave the EU.

Business

Eurozone inflation heads up

Eurozone consumer prices rose more than expected in December, up 1.1 percent year-on-year but core inflation rose only slightly.

Eurozone consumer prices rose more than expected in December, up 1.1 percent year-on-year but core inflation rose only slightly.

News

German inflation rises sharply, unemployment falls

Inflation in Germany jumped in December - up 1.7% on the year - due to costlier energy and food while unemployment there fell more than expected.

Inflation in Germany jumped in December - up 1.7% on the year - due to costlier energy and food while unemployment there fell more than expected.

Business

Eurozone inflation eases down in November, rises year-on-year

Lower energy prices cut eurozone inflation in November. Items that were more expensive included meals in restaurants and cafes, rents and cigarettes.

Lower energy prices cut eurozone inflation in November. Items that were more expensive included meals in restaurants and cafes, rents and cigarettes.

Business

UK inflation hits two year high in November

British consumer prices were 1.2 percent higher in November than a year earlier, pushed up by more expensive clothing and technology goods.

British consumer prices were 1.2 percent higher in November than a year earlier, pushed up by more expensive clothing and technology goods.

News

Vatican attempts to rekindle faltering Venezuela talks

Talks between the Venezuelan government and a coalition of opposition parties have reached a stalemate which facilitators from the Vatican are hoping to break.

Talks between the Venezuelan government and a coalition of opposition parties have reached a stalemate which facilitators from the Vatican are hoping to break.

Business

Eurozone inflation continues to rise

The eurozone has added another 0.1% of inflation to its year-on-year figures for the third month in a row.

The eurozone has added another 0.1% of inflation to its year-on-year figures for the third month in a row.