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Culture news

Festivals are more expensive yet more popular than ever - What gives?

Europe's biggest festivals are pricier than ever but tickets are still selling like hotcakes. What's the deal?

Economy

Central Bank of Turkey keeps key interest rate unchanged

The Central Bank of Turkey held the key interest rate at 50% at its November meeting, for the eighth month in a row. However, investors are becoming more hopeful that a rate cut may be around the corner, as inflation expectations improve.

Economy

UK inflation rises to 2.3% as energy bills push up consumer prices

Inflation in the UK rose sharply to a six-month high in October, above the BOE's 2% target, scaling back bets that there will be further cuts in borrowing rates this year.

Economy

Irish economy likely to lag in 2024 as multinational sector declines

The European Commission expects the Irish economy to decline in 2024. However, growth is expected to pick up pace again in 2025, before stabilising in 2026.

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Economy

EU inflation forecast to tumble as Brussels warns of looming trade war

The European Commission has hailed a 'gradual' rebound in economic activity, but warns the EU is 'especially vulnerable' amid rising geopolitical tensions.

Culture news

UK to introduce levy on stadium tickets to support grassroots venues

The UK government is set to introduce voluntary stadium and arena ticket levy to save grassroots music venues struggling to stay open.

No Comment

No Comment: University crisis in Argentina

Students in Argentina are protesting against President Javier Milei's veto of increases in funding for public universities.

Economy

Germany's economic sentiment falters as Trump's win casts shadow

Germany's economic sentiment dropped in November as internal political gridlock and Trump's election stoked concerns. The ZEW index fell from 13.1 to 7.1, with experts citing fears over Trump's tariffs and stalled reforms in Germany's coalition government.

Markets

Trump trade: What investors need to consider in the long term

Following the euphoria on the stock markets that greeted the victory of President-elect Donald Trump, analysts have been looking at what could do well for investors in the long-term.

Economy

Fed cuts rates as Powell ignores Trump-fuelled inflation risk

The US Federal Reserve has lowered rates by 0.25%, as expected. Markets see potential for a further cut in December, while concerns rise over fiscal impacts and inflation under a Trump presidency.

Economy

Sweden cuts key interest rate to boost staggering economy

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade.

USA

Inflation gauge closely watched by the Fed falls to lowest level since

The US personal consumption expenditures price index was released on Thursday. The index is the one the US Federal Reserve tends to favour over the more widely-accepted consumer price index.

Economy

Eurozone inflation figures see rise above forecasts for October

Eurozone inflation hit 2% in October, exceeding forecasts and up from September's 1.7%, driven by services and food prices. Germany witnessed unexpected price increases. The euro strengthened.

Culture news

The 'Last Night Out' looms as UK clubs shut at alarming rate

Findings from the Night Time Industries Association shows that if UK venues continue to close at the current rate, there will be no more nightclubs in the country by the end of the decade.

Economy

Russian central bank hikes interest rate to record-high 21%

Russia's central bank has hiked the key interest rate by 200 basis points to a record-high 21% in a bid to fight inflation, fuelled by military spending.

Economy

Will the European Central Bank opt for a large rate cut in December?

Money markets see an increased likelihood of the European Central Bank (ECB) deepening its rate cuts in December following weak economic data. However, analysts expect the bank to maintain a gradual approach to rate reductions due to the persistent upside risks in inflation.

Economy

ECB cuts rates again as inflation falls below target

The 25 basis point cut, expected by analysts, arrives against a backdrop of settling inflation and anaemic growth.

Economy

UK inflation falls to 3-year low boosting hopes for another rate cut

Lower air fares and petrol prices dragged down price increases in September in the UK, prompting hopes that there will be another interest rate cut on the cards.

Economy

Will the ECB deliver another rate cut at this week's meeting?

The ECB is expected to announce a rate cut on Thursday, responding to falling inflation and worsening economic conditions. Eurozone inflation fell to 1.8% in September, while weak PMI data indicates economic stagnation.

Economy

Can't afford a house in the UK - how about an island instead?

Euronews Business looks at which islands around the world could cost you less than the average UK house.