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Angela Barnes

Economy

Germany's economy shrinks for a second year in a row as election looms

Europe's biggest economy shrank for a second year in a row in 2024, according to data released on Wednesday by the Federal Statistics Office.

Business

Will Musk buy TikTok? Social media group says no to tech billionaire

TikTok has shut down reports that China is discussing selling its US operations of the group to tech billionaire Elon Musk.

Economy

Austrian far-right party and conservatives reach budget agreement

Austrian far-right leader Herbert Kickl and his prospective coalition partners said on Monday that they have reached an agreement to bring down the budget deficit, an important first step toward what would be the country's first post-World War II government led by the far-right.

Economy

California wildfires damage: What is the economic cost likely to be?

The LA wildfires are expected to cost California at least $135 billion in damages, according to analysts.

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Business

Trump's EV tariff uncertainty clouds 2025 forecast for car companies

Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast.

Economy

China's super-rich eye the exit as leaders brace for economic shock

China’s leaders are bracing for shocks to the economy from higher tariffs threatened by US President-elect Donald Trump once he takes office. Millionaires, meanwhile, are relocating.

Economy

US Federal Reserve set to announce quarter-point cut to its key rate

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards.

Markets

What is the UK’s project Pisces? New private stock market explained

The FCA has launched a consultation on the proposed launch of a new private stock market called Pisces. Here's a look at how it would work.

Business

Volkswagen workers in Germany ready to strike in early December

Volkswagen workers are set to strike in Germany in early December and union IG Metall said in a circulated pamphlet that it is "necessary".

Markets

European auto stocks slide as investors consider Trump tariffs threat

European automakers took a share price hit on Tuesday after Donald Trump threatened sweeping tariffs on China, Mexico and Canada.

Markets

Bitcoin reaches all-time high as Trump support for crypto gathers pace

The price of Bitcoin reached $97,000 on Thursday, climbing 4.54%, marking an all-time high for the cryptocurrency.

Business

Beko Europe announces 1,935 redundancies: What is the group's plan?

Beko Europe has announced the closure of two sites resulting in nearly 2,000 redundancies.

Business

European mobile payment system Wero launches in Belgian banks

Wero, the new European mobile payment system, has launched in Belgian banks this week.

Economy

Eurozone annual inflation hits ECB target as it rises to 2% in October

Eurostat data released on Tuesday showed eurozone inflation rose to the European Central Bank's 2% target in October.

Business

Trump says 'lovely' EU will have to pay a 'big price' to trade in US

Donald Trump, the Republican US presidential candidate, said at a campaign event on Tuesday night that the EU will have to pay "a big price" if he wins the election.

Economy

UK Treasury chief Rachel Reeves unveils £40bn tax hikes in budget

UK Treasury chief Rachel Reeves unveils budget with £40bn in tax hikes and says she'll "invest, invest, invest".

Economy

Portugal minimum wage rises: How does it compare to EU counterparts?

Plans to increase Portugal's minimum wage has been announced - but the higher salary is still far below some of its European Union counterparts.

Business

Will tensions in the Middle East lead to another energy price shock?

Will tensions in the Middle East lead to another market price shock in Europe? Energy analyst Dr Yousef Alshammari shares his outlook on oil prices with Euronews Business.

Business

Intel postpones construction of German chip factory for two years

US chip-maker Intel has announced plans to postpone the construction of a factory in Germany for at least two years.

Economy

European Central Bank cuts interest rates again as inflation slows

The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June.

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