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Economy

Economy

Inflation tumbled in June: where did prices cool the most in Europe?

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Economy

Iran's inflation spiral deepens as rial slides and tensions rise

Europe News

EU allocates steel quotas to trading partners to curb import surge

Markets

Japanese yen sinks to 40-year low against the US dollar

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Economy

How Europe's growing need for cooling is reshaping electricity demand

Europe's June heatwave has driven up electricity demand and wholesale power prices across the continent, highlighting the growing impact of cooling needs on electricity systems.

Economy

Air tourism pushes average rent in Spain up by €236

A new study by Transport & Environment finds a link between booming air tourism in seven European countries and soaring rents and house prices, though it does not in itself explain the full extent of the problem.

Economy

Christine Lagarde's Sintra speech signals a new ECB playbook

Christine Lagarde says the ECB is back to basics but must adapt to a more volatile global economy.

Europe News

EU sets October deadline to get 'tangible' results with China

As EU Trade Commissioner Maroš Šefčovič met his Chinese counterpart Wang Wentao in Brussels on Monday, he said he would travel to China this autumn. Germany’s trade Minister Katherina Reiche also met Wentao, with her ministry calling on Beijing to ensure “a level playing field".

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Business

Lucky Strike maker BAT to axe 5,500 jobs worldwide in €695m cost drive

British American Tobacco is cutting 5,500 jobs across the globe and handing thousands more roles to outside contractors, as the cigarette giant races to strip out costs and pivot towards vapes and nicotine pouches.

Economy

Spain extends anti-crisis shield and readies budget

At an extraordinary meeting, the Council of Ministers extends economic relief measures, unveils a new housing plan and updates the macroeconomic outlook guiding next year’s national budget.

Economy

The AI boom could trigger the next crash, central banks warn

The vast surge of investment in AI, which has powered global stock markets to record highs, risks ending in a financial bust, the Bank for International Settlements warns, as the build-up’s hidden costs begin to surface in company accounts and consumer prices alike.

Economy

Where do workers lose the biggest share of their salaries in Europe?

The share of earnings taken through taxes and other deductions varies widely across Europe. But how much do workers actually keep? Euronews takes a closer look.

Earth News

Kazakhstan and UAE launch construction of €1.2bn wind farm

Kazakhstan and the United Arab Emirates have broken ground on a €1.2 billion wind farm in the Zhambyl region, marking one of Central Asia's largest renewable energy projects as the Kazakhstan accelerates its transition towards cleaner energy.

Europe News

Europe depends on China. Here's where China still depends on Europe

While Europe's dependence on China is widely recognized, China's reliance on the EU in key technologies is often overlooked. Despite its push for technological self-reliance, Beijing still depends on European capabilities in critical areas.

Markets

The investments that soared and slumped in the first half of 2026

The first half of 2026 has rewarded investors who backed the machinery behind AI and punished those who reached for crypto and gold, as the technology boom reshaped which assets thrived and which were left behind.

Economy

Which jobs are most exposed to extreme heat in Europe?

Construction and agriculture are Europe's most heat-exposed industries, with transport, manufacturing and energy also facing growing disruption as climate change pushes temperatures higher.

Economy

Which European cities require nearly 19 years of income to buy a home?

Home prices have raced far ahead of local incomes across much of Europe, placing Lisbon among the continent's least affordable housing markets.

Economy

Which European countries are the cheapest and most expensive?

From Iceland to North Macedonia, consumer prices vary dramatically across Europe. New Eurostat data shows where everyday goods and services cost the most — and why prices alone do not tell the full story.

Economy

Brent crude falls below $74 for first time since Iran war began

Brent crude dropped below $74 a barrel on Wednesday for the first time since the start of the Iran war in late February, as investors continued to price out the geopolitical risk premium that had driven energy markets higher during the conflict.

Economy

Venezuela plans biggest debt restructuring ever

Delcy Rodríguez’s interim government plans to acknowledge a $240 billion debt, far above market estimates, in a bid to return Venezuela to global markets.

Economy

Why is gold falling as inflation rises? The myth explained

Gold is heading for a fourth monthly fall even as US inflation hits a three-year high. Here is why higher rates, not inflation, now drive the gold price.

Economy

A decade after Brexit, Britain weighs costs and gains

Ten years to the day since Britain voted to leave the EU, the economic reckoning is neither the collapse its opponents feared nor the renaissance its champions promised, and the anniversary arrives with the country once again leaderless, after Sir Keir Starmer's resignation on Monday.

Economy

Can the Caucasus and Central Asia become the next investment frontier?

For decades, international investors have focused on established destinations such as North America, Europe, China and, more recently, Africa. But as economic uncertainty and geopolitical tensions reshape global capital flows, attention is increasingly turning to the Caucasus and Central Asia.

Economy

Which EU countries have the most spare rooms amid the housing crisis?

One in three people in the EU live in under-occupied homes, while housing advocates say policymakers need to expand the supply of affordable, smaller properties.

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Europe News

How China’s currency makes the EU's trade deficit worse

EU leaders last week pointed to the undervaluation of the yuan as a major factor in the EU’s record trade deficit with China, which Brussels is taking steps to address.

Economy

Economist: Germany’s economy needs “bold revolutionary approach”

Germany is Europe's largest economy. Poland is Europe's most successful one. For economist Marcin Piątkowski, that sounds like a "match made in heaven." In an interview with Euronews, he explains what Germany can learn from Poland's remarkable economic success story.

Economy

Average rents in European cities: Which countries are most expensive?

Housing accounts for the largest share of household spending, but rents vary dramatically across Europe. Eurostat's latest data show which cities are the most expensive for tenants and where renting remains relatively affordable.

Economy

The European countries attracting millionaires — and those losing them

Wealthy people are increasingly choosing to live in Italy, Greece and Switzerland, while the UK, Germany and France are finding it harder to retain them, according to a new report.

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Economy

Extreme heat in Europe: Which countries face the biggest costs?

France, Spain and Italy are among the European economies most exposed to the growing economic costs of extreme heat, which could reduce output by as much as 7% in some countries by 2030, Allianz Trade estimates.

Economy

Cuba approves economic reform package to boost investment

The Cuban parliament has approved 176 measures easing the economic model, boosting private sector involvement and opening the door to foreign investment.

Economy

The US gains a new ultra-rich every 90 mins. What about Europe?

Europe's ultra-rich population has surged by a quarter over the past five years. On average, more than 20 people join the continent's $30m+ wealth club every day, while 89 people worldwide cross the $30 million wealth threshold daily.

Economy

Bank of Spain warns of 750,000-home shortfall nationwide

Madrid, Barcelona, Alicante, Valencia, Murcia and Málaga have the biggest gap (52.5%) between homes built and new households, especially in their capitals, home to up to 36% of families.

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Economy

Bank of England holds interest rate at 3.75% as inflation steadies

The Bank of England left its key interest rate unchanged at 3.75% for a fourth consecutive meeting after fresh data showed inflation holding steady and the labour market continuing to cool without a sharp deterioration.

Markets

Oil sinks further as US and Iran strike deal to end war

Crude prices fell further on Thursday after the US and Iran formally signed a memorandum of understanding aimed at ending the war and reopening the Strait of Hormuz, while equity markets gave a mixed verdict in the wake of the Federal Reserve's latest decision.

Economy

Where are the eurozone's cheapest and highest mortgage rates?

Borrowers in the Baltics pay just over twice what Maltese households do for a home loan, ECB data to April 2026 shows.

Economy

Fed keeps rates unchanged but signals possible hike this year

The Federal Reserve left interest rates unchanged at its first policy meeting under chair Kevin Warsh, but nearly half of policymakers signalled they could support a rate hike later this year as inflation remains elevated.

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Economy

Warsh takes the helm: What to watch as the Fed weighs rate decision

The Federal Reserve opens a new chapter on Wednesday as Kevin Warsh chairs his first policy meeting. While interest rates are widely expected to remain unchanged, investors will be hunting for the first clues to how the US central bank's new leader intends to steer it.

Economy

Oil sinks to three-month low as IEA warns stocks at 35-year low

Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end. This comes as strategic oil reserves in advanced economies have fallen to their lowest level since 1990, according to the IEA.

Economy

Bank of Japan raises its key interest rate to a three-decade high

The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, citing challenges stemming from a weak Japanese yen and higher prices.

Economy

The skills employers value most in the AI era may surprise you

As AI takes on more routine tasks, employers are placing a higher premium on judgment, creativity and leadership, according to a new PwC report.

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Economy

Trump threatens 100% tariff on French wines over digital tax

Washington and Paris are facing renewed trade tensions as the US president targets France's levy on large technology firms ahead of the G7 summit.

Economy

From €36,300 to €1.2 million: Europe's vast retirement wealth gap

The wealth gap among older Europeans is huge: households aged 65-74 in Luxembourg have a median net wealth of €1.22 million, compared with just €36,300 in Latvia. The figures highlight how housing, pensions and family support shape retirement security.

Economy

Inflation in Spain holds at 3.2% for third consecutive month

May’s CPI confirms the preliminary INE figures. Transport and holiday packages push prices up, while clothing and food fall. Core inflation rises to 3%.

Economy

UK economy shrinks in April as the Iran war energy shock takes a toll

Britain's economy contracted by 0.1% in April, the first monthly fall since August 2025, as the conflict in the Middle East pushed up energy costs and prompted households to rein in their spending.

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Economy

Working from home: Why your chances vary so much across Europe

A worker's chances of working from home can depend heavily on where they live. Across the EU, people in some countries are 16 times more likely to work remotely than those in others.

Economy

Lagarde says ECB interest rate hike ‘robust across three scenarios’

Critics worry the decision to keep rates high could hit productivity and keep inflation from returning to target levels until 2027.

Economy

IMF warns against further relaxation of euro area fiscal rules

The IMF has urged euro area countries to tighten their fiscal policies rather than relaxing them further in response to the energy crisis, with an extra adjustment effort required from high-debt nations.

Europe News

Senior MEP fears Airbus-Boeing dispute could reignite EU-US tensions

German MEP Bernd Lange fears the end of a crucial corporate truce could give the US grounds to breach the Turnberry agreement, which the European Parliament is expected to adopt next week.

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Charting the Path Forward: AIIB President Zou Jiayi on Sustainable Infrastructure in Asia and Beyond

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