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Economy

BoE chief says collaboration is key to solving economic imbalances

Speaking in Brussels, Andrew Bailey warned that fragmentation was "bad for global growth" during a time of uncertainty.

Economy

Service industry helps give late boost to UK's economic growth

The UK economy inched up slightly in the last quarter of 2024, ahead of market expectations. However, the country is still dealing with slower growth than some of its other G7 peers.

Economy

Germany’s unemployment rate rises to highest level in almost a decade

A rise in the jobless rate is normal for this time of year, although the scale of the jump points to underlying economic weakness.

Earth News

Campaigners brace for stopping London Heathrow’s third runway - again

Heathrow’s expansion plans have been rumbling for 10 years but the pressure has now risen for climate campaigners.

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Economy

Spain's economy remains robust with jobless total lowest for 16+ years

Analysts expect Spain's economy to continue to recover in the coming months, despite being likely to stay vulnerable to the continuing effects of the Valencia floods, and with the possibility of tariffs being imposed on the EU by the US.

Economy

Eurozone firms see activity lift but barriers to growth persist

Business activity in the eurozone is now expanding for the first time since August 2024, although the upturn remains modest.

Economy

WEF issues warning over split threat posed to global financial system

Rising geopolitical tensions are increasing fragmentation of the global financial system and pose a risk to both global prosperity and human progress, according to a report from the World Economic Forum.

Economy

Ireland's economic growth set to cool, warns bosses' lobby group

The predicted cooling is unsurprising given international trade turbulence and the boom seen in recent years, said the Irish Business and Employers Confederation (IBEC).

Economy

Developing economies have greater challenges ahead, warns World Bank

Weak investment and climate change threaten growth in developing economies after a period of strong expansion.

Economy

German inflation shows continued rise, still ahead of ECB's target

The increase was mainly led by rising services and food prices, leaving the inflation rate to remain above the European Central Bank's target of 2%.

Economy

Spanish inflation rate confirmed at 2.8% as fuel costs surge

Increasing transport prices boosted Spain’s December inflation number, with rising culture and recreation prices also contributing to the figure.

Economy

UK economy stagnates as concerns of recession increase

Revised figures show that the UK's economy registered zero growth between July and September as both the services and production sectors saw marked declines.

Economy

Spain set for sunny outlook within eurozone economy in 2025

The eurozone economy is set to grow 1.2% next year, up from 0.8% this year, according to S&P Global Ratings, mainly boosted by a good performance from Spain. However, underperformance in Germany is likely to cap gains.

Economy

Central and Eastern European clean tech exports on track to triple

Poland, Bulgaria, Croatia and Romania are on track potentially to rapidly scale up their clean tech exports, which could go a long way in helping the EU meet its net zero 2050 target, as well as increase its global competitiveness.

Economy

French central bank lowers 2025 growth forecast after tumultuous year

France's fraught political landscape and a gridlocked budget continue to spook economists and investors.

Economy

Germany's Bundesbank warns of economic stagnation as trade war looms

The fortune of the eurozone’s largest economy is gloomy, especially with President-elect Donald Trump returning to the White House.

Economy

UK economy unexpectedly shrinks in October for second straight month

The figures come as a setback for the new Labour government and its pro-growth agenda.

Economy

Swiss GDP grows underwhelmingly as manufacturing remains weak

The Swiss economy is expanding slowly, buoyed by trade but hit by weak manufacturing figures.

Economy

Turkey falls into recession as interest rates remain sky-high

Analysts believe rate cuts will begin early next year as high borrowing costs stifle investment and production.

Economy

Eurozone sovereign debt crisis? ECB warns of fiscal and growth risks

The ECB warns of mounting eurozone sovereign debt risks in its latest review, citing high debt levels, fiscal slippage, and weak growth.