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Economy

What is a recession? Is Europe already in one? It's not easy to tell

Russia's war in Ukraine and the global energy crisis have drastically worsened Europe's economic outlook.

World News

Interest rates and inflation to slow global growth, the OECD predicts

"This is a very, very challenging outlook", said OECD Secretary-General Mathias Cormann.

United Kingdom

UK food crime is on the rise as country braces for recession

Food thefts in the UK have soared in recent weeks, fuelled by runaway record inflation.

Economy

Rising production costs puts the squeeze on Europe's bakers

Whether it's the local family bakery around the corner or the huge industrial-scale bakeries, skyrocketing bills are an existential threat. Euronews speaks to bakers in the Netherlands, Romania, and Italy to find out more.

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Lebanon

Lebanese President Aoun leaves office and legacy of economic meltdown

Lebanon's outgoing President Michel Aoun has left the palace and acknowledged the huge amount of work the failed state needs to restore its economy.

Haiti

UN split over sending an international force to crisis-hit Haiti

Mexico and the US have proposed the idea, but Russia and China have expressed reservations.

Lebanon

Series of bank robberies hit Lebanon as people try to get own savings

As Lebanon’s financial crisis continues to deteriorate, some depositors have attempted to take back their savings by force.

Work

This European country is the most expensive to live and work abroad in

Looking for a cheaper city to live and work in as an expat? Head east - but forget about Hong Kong and this European country in particular.

Business

German glass bottle producer for Gucci and L'Oréal faces shutdown

German glass bottle producer Heinz-Glas is heavily dependent on gas. The age-old industry now faces a potential shutdown as the country scrambles to ration reserves in a bid to survive the winter months.

Sri Lanka

Sri Lanka's President Rajapaksa resigns after fleeing to Singapore

Singaporean authorities say Rajapaksa has been "allowed entry on a private visit" but not to seek asylum. It is thought he might travel on to the United Arab Emirates.

Sri Lanka

Sri Lanka waits in confusion, anger for president to resign

President Gotabaya Rajapaksa fled to the Maldives on Wednesday, hours before he was supposed to resign, leaving the prime minister as acting president. The island nation is battling severe shortages of food and fuel, with many blaming Rajapaksa for the economic crisis.

Sri Lanka

Sri Lanka: Crowds demand PM's resignation, hours after president flees

President Gotabaya Rajapaksa of Sri Lanka fled the country early Wednesday morning, hours before he was due to step down. Now protesters are turning their anger on the prime minister.

No Comment

Sri Lanka political chaos persists as talks go on

Hundreds of Sri Lankans continued to flock to the Sri Lankan presidential palace, marveling at the paintings inside and lounging on the beds piled high with pillows.

Sri Lanka

Sri Lankan protestors dive into presidential pool

Demonstrators who ousted Sri Lanka's president from his palace in Colombo on Saturday say they will not leave until he resigns.

Sri Lanka

Sri Lanka protesters vow to stay in president's home until he quits

President Gotabaya Rajapaksa has said he will stand down on Wednesday but demonstrators say they are determined not to leave his residence until that happens.

Sri Lanka

Sri Lanka opposition aims for power after protests force leaders out

The president and prime minister agreed to step down after protesters stormed both leaders' residences on Saturday over the country's economic chaos.

No Comment

Protesters storm residence of Sri Lanka president

Sri Lankan protesters demanding President Gotabaya Rajapaksa resign forced their way into his official residence and nearby office on Saturday, local media reported.

Euronews Witness

Inside Lisbon's housing crisis

Prohibitive property prices, spiralling rents, speculation and evictions. Lisbon once again finds itself in the midst of a housing crisis. Euronews' Julian Gomez investigates what it means for residents and asks what the authorities are doing to combat it.

Germany

Food bank demand rising in Germany amid record-high inflation

"Sometimes when I get home after going to the supermarket, I almost start crying, because I can't buy anything anymore."

Russia

Putin slams 'reckless, insane' sanctions and denies stoking inflation

The Russian president says his country is 'not responsible for global inflation', and the war in Ukraine gives the West an excuse to blame all its problems on Russia.