James Thomas

Economy

Swiss central bank leaves interest rate unchanged as inflation eases

The move comes on a busy day of central bank action in Europe, with the Bank of England, European Central Bank and Norges Bank announcing whether they will amend their own rates.

14/12/2023

Business

House prices continue to rise in Ireland - where's best to buy?

The median price of a home in Ireland stood at €323,000 as of October, according to new figures.

13/12/2023

Economy

Trouble in China? Moody's cuts its credit outlook on rising debt woes

The world's second-largest economy was slowing down even before a crackdown on excessive borrowing in 2020 led to defaults by many property developers.

05/12/2023

Business

How high interest rates created a healthier housing market

A closer look at house prices in 25 major cities around the world shows a sharp decline in prices, according to a study.

25/11/2023

Business

Sanofi targeted in French price manipulation probe

French prosecutors say they have launched an investigation into Sanofi over allegations the pharmaceutical giant spread false information and manipulated the price of its Dupixent drug.

07/11/2023

Euronews Tech Talks

I'm not a teenager, so what does the metaverse have to do with me?

There are over 400 million users in metaverses according to recent figures. However, 80% of them are under the age of 16 and primarily engage in video games.

18/10/2023

Business

Bolloré CEO asks French court to throw out Togo corruption case

The case concerns allegations that Bolloré Group funnelled bribes in the form of communication expenses to Togolese officials to win business contracts.

11/10/2023

Economy

Norway and Germany see economic slumps in August

Norway’s economy has shrunk for the first time in four months as Germany's industrial output fell for the fourth consecutive month.

09/10/2023

Business

Abercrombie & Fitch investigates sexual misconduct allegations against former CEO

The former CEO of Abercrombie & Fitch and his partner face allegations that they exploited men at sex events they hosted around the world.

04/10/2023

Economy

EU urged to stall post-Brexit tariffs on electric vehicles

If put in place, the tariffs could cost EU vehicle makers €4.3 billion over the next three years, according to the ACEA

25/09/2023

Business

Military hand grenade company fined €1.2 million over international cartel

The case is the European Commission's first cartel decision in the defence sector.

22/09/2023

Economy

Turkey pushes interest rates up to highest level since 2003

The central bank said that rocketing inflation was above expectations in the past couple of months and that to combat the trend, more interest rate hikes are likely.

21/09/2023

Economy

Norway central bank pushes up interest rate, hinting at another hike in December

"Whether additional tightening will be needed depends on economic developments," said Norges Bank governor Ida Wolden Bache. "There will likely be one additional policy rate hike, most probably in December."

21/09/2023

Economy

UK sees surprise fall in inflation

The decline was a surprise as most analysts had expected inflation in the UK to rise to 7%, but the new figure is still way above the Bank of England's target of 2%.

20/09/2023

Business

Société Générale to halve oil and gas exposure by 2025

In addition to the 2025 target, the bank said it plans to cut its upstream oil and gas exposure by 80% by 2030.

18/09/2023

Business

BP boss quits over relationships with colleagues

The CEO of UK energy giant BP has resigned after he accepted that he was not “fully transparent” in his disclosures about past relationships with colleagues.

13/09/2023

Economy

Unemployment is on the rise in the UK, but so are wages

Pay excluding bonuses was up 7.8% between May and July 2023 compared to the same time last year. When bonuses are factored in, the figure jumps to 8.5%.

12/09/2023

Economy

Europeans support EU measures to help companies tackle energy crisis

A combined 87% of respondents said they thought it was ‘very important’ or fairly important’ that the EU take measures to limit the immediate impact of rising energy prices on consumers and companies.

11/09/2023

Economy

OECD urges EU to increase interest rates further

In its latest report, the Organisation for Economic Co-operation and Development says further reforms are needed to help the post-pandemic European economic recovery.

06/09/2023

Business

Big businesses urge EU to cut emissions by 90%

The companies say the bloc needs to set a reduction target of at least 90% compared to 1990 levels to avoid passing “irreversible tipping points”.

05/09/2023