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Economy

German firms struggle to secure loans as economic uncertainty persists

Hesitancy from German banks is at its highest level in seven years, according to the IFO.

Economy

Czech central bank cuts rates with more reductions expected

The move is in line with dovish signals from other central banks, notably rate cuts from the Fed and the ECB.

Economy

Banks unprepared for next financial crisis, warns new report

Banking regulations must be tightened to ensure financial stability, says Brussels-based NGO Finance Watch. But, it warns, political will is lacking.

Business

Bosses looking for a sweeter deal to lure staff back to the office

A survey of the world's leading business leaders finds they have little appetite for hybrid working and are looking to encourage workers back to the office with better deals on pay and promotion.

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Business

European business confidence in China at all-time low, report says

Many European businesses believe the returns on investments in the world's second-largest economy are not worth the risks, because of issues including China's economic slowdown and a politicised business environment.

Economy

German inflation rate dips to lowest level in more than three years

The news raises hopes for another rate cut from the European Central Bank, with the policy committee set to meet this Thursday.

Europe Decoded

Draghi calls for EU common borrowing, end to national vetoes

The former Italian prime minister proposes "radical change" as the bloc faces aggressive competition from China and the US. Draghi touts use of controversial eurobonds; proposed plan for decarbonisation and competitiveness could entail defensive trade measures, he says.

Europe News

Draghi’s EU competitiveness report gains mixed reception from MEPs

Major parties appear to back the ex-Italian premier’s plans to boost sluggish EU growth.

Economy

Sweden cuts interest rate and says policy easing could speed up

Growth is weak in Sweden while inflation remains low, pushing policy makers to lower borrowing costs.

Economy

Euro area trade surplus rises despite a drop in exports

The value of exports in the region outweighed imports in June 2024, particularly when looking at the trade of chemicals, machinery and vehicles.

Economy

Eurozone growth unchanged but Germany's industrial sector still weak

Germany's surprise contraction in the second quarter this year was mainly due to a halt in equipment and buildings investments, as the industrial sector continues to weaken under pressure from rising interest rates.

Economy

Eurozone sees drop in building work as demand remains weak

France saw its most dramatic fall in construction activity since January, while German firms continue to struggle.

Economy

The anti-growth traps: What stops countries from getting ahead?

Middle-income nations are stuck on the road from rags to riches. According to the World Bank, the status quo is partly to blame.

Economy

More Germans left without jobs this summer as economy contracts

The unemployment rate in Germany is creeping back up to levels seen during the early phase of the pandemic.

Economy

Hard times for Latvia as eurozone nations share mixed economic updates

Ireland and Belgium's economies continued to grow from April to June - although Latvia's was not so lucky.

Economy

Corporate distress levels up in Germany but down in UK and France

Some of the most distressed sectors also continued to be retail, healthcare and property, especially burdened by the high cost of borrowing.

Economy

UK economy receives surprise boost after month of zero growth

May's output was lifted by an uptick in the services sector as sunshine boosted consumer spending.

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.

Business

EY: The growth at all costs era is over. Sustainability is key

Businesses have never been under so much pressure to deliver on sustainability but balancing it with profitability is becoming increasingly complex in a world of geopolitical unrest and disinformation.

Economy

UK long-term sickness record rise fuels fears over economic growth

Long-term sickness leads to a growing number of people who are neither working nor looking for a job, known as economically inactive. This poses a significant risk to economic growth.