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Business

Unemployment in the eurozone remains at a record low in March

The amount of citizens out of a job remains historically low, although the eurozone is bracing itself for the effect of US tariffs.

Business Line

How Uzbekistan is becoming Central Asia’s new tech hub

In partnership with Agency of Information and Mass Communications of Uzbekistan

In this episode of Business Line of Uzbekistan, we explore how the country's technology and ICT sectors are expanding, creating jobs, attracting investment and positioning Uzbekistan as a regional leader in innovation.

Economy

Spain's economy grows at slightly slower pace at the start of the year

The nation is still outperforming many European peers, with consumption set to remain robust as the year continues.

Economy

Why economists believe the ECB will keep on cutting interest rates

Economists predict that the ECB will continue its rate-cutting cycle as global trade tensions rise and eurozone growth slows. Markets expect up to 75 basis points of easing by September, pushing the deposit rate down to 1.5%.

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Economy

ECB's Lagarde: Trade tariffs are a negative shock for the eurozone

Lagarde said the ECB’s rate cut reflected confidence in disinflation and rising growth risks from tariffs, which are set to weigh on demand. The bank dropped its “restrictive” stance and stressed a data-driven, flexible approach.

Economy

French government set to lower growth target as Trump tariffs loom

The state’s revised forecast will be in line with predictions from the Bank of France, according to work minister Astrid Panosyan-Bouvet.

Economy

The UK’s economy grew marginally last year, sees surprise revision

The UK’s services sector boosted GDP in the final quarter, seeing a lift from human health activities and social work. The construction industry also contributed positively to GDP during the fourth quarter of 2024.

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European innovation keeps pace despite economic uncertainty

Partner content presented by European Patent Office

The European Patent Office’s latest report shows patent filings holding steady, with computer technology leading growth. Europe remains a key player in global innovation.

Economy

French consumers more worried about their financial outlook in March

French consumers are more pessimistic about their future finances but are a little more open to making bigger purchases.

Economy

The Spanish economy grew 3.2% in 2024: Why is it outperforming peers?

Spain's economy grew 3.2% in 2024, one of the fastest in the eurozone, driven by strong domestic demand, robust tourism, and EU recovery funds, outperforming Germany, France and Italy. Economists say Spain remains a ‘bright spot’ in Europe, expecting this outperformance to continue through 2025.

Business

German business morale surges to 7-month highs on recovery hopes

Confidence among German businesses improved in March, supported by a rebound in manufacturing and optimism over major government spending plans.

Markets

Europe’s markets lose steam amid EU deadlock on Ukraine, trade tension

The rally in European stock markets took a breather as EU leaders struggled to secure a €5 billion funding package for Ukraine. Investor sentiment was further dampened by the ECB’s cautious outlook on the economy and inflation, triggering selloffs, particularly in the defence and automotive sectors.

Business Series

How Azerbaijan Investment Company drives industrial growth

In partnership with Azpromo

In this episode of Azerbaijan Diary, Ulvi Mansurov discusses Azerbaijan Investment Company’s role in driving industrial growth, attracting foreign investment, and supporting economic diversification.

Economy

Bank of England keeps benchmark interest rate stable at 4.5%

The central bank's decision comes amid rising uncertainty over the UK's economic growth, especially as US tariff threats loom.

Economy

Fed rate pause: Bank forecasts slower US growth and higher inflation

The Federal Reserve kept interest rates unchanged as expected but downgraded its economic outlook, citing slower growth and higher inflation due to Trump’s tariffs. Wall Street staged a relief rally after Fed Chair Jerome Powell downplayed inflation concerns.

Economy

Euro falls as eurozone inflation sees downward revisions in February

Eurozone inflation eased to 2.3% in February, with core inflation at 2.6%, its lowest since January 2022. France had the lowest rate (0.9%), Hungary the highest (5.7%). The euro slipped ahead of Wednesday’s Fed meeting.

Economy

Germany’s economic sentiment hits 2-year high, EU exports to US soar

Germany’s economic sentiment hit a 2-year high, but the eurozone’s trade surplus fell sharply. EU exports to the US surged as firms frontloaded shipments ahead of potential Trump tariffs, while the trade deficit with China widened sharply.

Economy

OECD trims eurozone growth outlook as global trade tensions bite

The OECD has lowered its eurozone GDP growth forecast to 1.0% for 2025, down from 1.3% in December, citing weak investment and rising geopolitical risks. Global growth is also revised down to 3.1% as trade disruptions weigh on sentiment.

Economy

Direct impact of US tariffs on EBRD economies to remain limited

As US President Donald Trump continues to shake up the global trading order, EBRD nations aren’t likely to feel the brunt of the disruption. Even so, diminished growth in other countries is set to have ripple effects.

Economy

ECB cuts rates for sixth time since June despite sticky inflation

The European Central Bank cut its benchmark interest rate by a quarter point to 2.5% on Thursday as inflation nears 2% and growth remains weak.