English

Indrabati Lahiri

Economy

Prospects brighten as Turkey taken off money laundering 'grey list'

In a landmark move, Turkey has now been taken off the Financial Action Task Force (FATF)’s "grey list", a decision which is expected to go a long way in supporting the country's economic recovery.

Markets

The enduring popularity of gold: why does it never lose its shine?

Gold still has advantages such as being a credible inflation hedge, being rare and finite and having a relatively low correlation with other assets, according to gold investor and analyst Simon Popple.

Business

BP halts hiring new staff and puts break on renewable energy plans

BP has revealed that this move was mainly due to increasing discontent amongst investors about the company’s green transition strategy.

Economy

Belgian inflation soars to its highest level in 10 months at 3.74%

Italian producer prices also saw their slowest fall since April 2023, as European markets readjust after the price surges seen due to the Russia-Ukraine war.

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Economy

French consumer sentiment takes a dip ahead of elections

Consumers worried during June about the future and their standard of living, with several expecting to be able to save less in the foreseeable future.

Economy

Germans downbeat about the prospects for an early economic recovery

Consumers in Germany are pessimistic and have revealed that they were likely to focus more on saving, and expected to make fewer large purchases in July.

Business

London Tunnels delivers blow to the City as it opts for Amsterdam IPO

The company is the latest in a string of high-profile names to turn its back on the London Stock Exchange, in favour of other exchanges in the US and elsewhere in Europe.

Economy

Spanish economy bucks European trend with signs of growth

There has been an increase in household spending, and most key sectors saw robust growth on the supply side.

Business

Apple Intelligence rules out 2024 EU launch over antitrust laws

The decision is due to the EU's Digital Markets Act which requires devices to be able to work across all platforms, including competing producers.

Economy

European financial markets 'too fragmented', warns S&P Global

Although growth in the Eurozone is back, geopolitical risks posed by the conflicts in Ukraine and the Middle East remain, along with tighter financial conditions and the reshaping of the political landscape across Europe.

Economy

Eurozone manufacturing sector hits six-month low on new order slowdown

Exports and employment were also slow, while input costs were on the rise, contributing further to declining output.

Markets

Future of North Sea oil drilling in doubt after Supreme Court ruling

The landmark ruling by the Supreme Court means that emissions from fossil fuels must now be considered when approving new drilling sites. Major oil and gas companies such as Shell have revealed that they are considering leaving the UK for the US, as UK environmental and taxation laws tighten.

Economy

What a taxing idea! Where in the world you find the strangest levies

From blueberries to piercings, junk food to baby name approval taxes, Euronews Business reflects on unusual tariffs from around the world.

Economy

Swiss central bank cuts interest rates for second time this year

The Swiss National Bank cut interest rates for a second time running in response to predictions of cooling inflation. The country’s key banking and financial services sector has been under pressure recently from the rising dominance of other financial hubs such as Hong Kong, Singapore and the US.

Economy

German wholesale inflation continues to drop on energy price falls

Falling natural gas and electricity prices were the main contributors to May’s figure, as well as the declining cost of intermediate goods.

Business

Golden Goose postpones Milan IPO citing political turmoil in Europe

Luxury Italian trainer maker Golden Goose is famous for its A-list followers including Taylor Swift, Chris Hemsworth and Selena Gomez. But it has faced criticism for its high prices and its distressed-look trainers.

Economy

Swedish unemployment rate falls to three-month low in May

The Swedish labour market is still relatively resilient at the moment, but is likely to become more sluggish in the coming months, according to the European Commission.

Business

French firms on edge as alliance looks to raise more taxes

The newly formed left-wing alliance New Popular Front reveals plans to support tax increases in order to fund more government spending.

Economy

UK diesel prices highest in Europe: retailers accused of profiteering

Forecourts operated by supermarket chains including Asda, Tesco, Morrisons and Sainsbury’s are significantly contributing to this price surge.

Markets

Goldman Sachs lifts target predictions for S&P 500 in 2024

Most of the Magnificent Seven tech stocks are contributing strongly to the S&P 500’s advancements at the moment, with other sectors such as healthcare and materials also seeing promising growth.

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