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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.

Climate

Drought stops world's largest man-made lake from producing electricity

Experts say the crisis is even more devastating to Zambia's economy and fight against poverty than COVID-19 lockdowns.

No Comment

Tourists and gold diggers boost Clermont economy as old mines re-open

In Australia, the small town of Clermont, in central Queensland, is enjoying a new lease of life thanks to rising gold prices.

Culture news

Trump's trading cards won't save NFTs from the digital graveyard

Less than two years after the NFT market crashed, Donald Trump is still hawking his bizarre trading cards. Aside from entertaining his rabid fans, what is left of the NFT market?

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Europe News

MEP scrutiny of Commissioners-designate: A democratic tool or a scam?

What is the real power of MEPs to scrutinise the financial interests of European Commissioners-designate? Radio Schuman talks to MEP Manon Aubry (The Left/France).

Europe News

Concern mounts in Spain over EU proposed funding cuts to Erasmus

EU institutions are expected to begin negotiating the 2025 budget in November. If the proposed cut in funding for Erasmus is approved, nearly all countries in the programme will be affected, but even more, Spain, which has been the main destination for Erasmus students since 2001.

Cult

Tashkent hosts 4th edition of World Conference on Creative Economy

In partnership with the Tourism Committee of the Republic of Uzbekistan

In this episode of Cult, we attend the 4th World Conference on the Creative Economy in Tashkent, Uzbekistan.

Economy

Sweden's Riksbank cuts interest rates and signals further easing ahead

Borrowing costs in Sweden are being lowered faster than previously predicted as inflation falls below target.

Markets

Oil prices looking sticky as economic data disappoints

Crude oil markets are facing downward pressure following the release of weak manufacturing and services data from major economies. Meanwhile, escalating conflicts in the Middle East and additional stimulus measures from China have provided some support.

The Big Question

The flight of the Unicorn - how Estonia gained its wings

Digitalisation has made the country a hub for tech unicorns, Sandra Särav, Estonia's deputy minister for Economy and Innovation, explains how they did it.

Economy

Norway holds its benchmark interest rate at 16-year high of 4.5%

Why is one of Europe’s best-performing economies not following in the ECB’s footsteps?

Economy

Netherlands new budget aims for 'people to have more money to spend'

Migration, the housing shortage and household incomes are among the key issues, the new Dutch government has decided to tackle in its budget and policy plans for 2025.

Economy

Brexit impact keeps getting worse, economists warn

A new study suggests that the economic slump caused by the change in UK-EU relations post-Brexit is not just a short-term hiccup, but likely to persist.

World News

EU ministers meet informally in Budapest to discuss green politics

Despite boycotts, Hungarian Finance Minister Mihály Varga called the meeting a success and addressed concerns by emphasising their commitment to advancing climate action while remaining competitive.

Economy

French Finance Minister Bruno Le Maire steps down

Bruno Le Maire says his goodbyes two months after the shock result of France's legislative elections, which has left a cloud of uncertainty over the country's economy.

Food and Drink

Sip happens: Sangria with €120,000 worth of Petrus, anyone?

A video posted online has become the subject of numerous outraged comments. It shows patrons of a bar on the Côte d'Azur concocting a sangria with one of the world's most expensive wines...

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.

The Big Question

The Big Question: What is the economic impact of the Olympic Games?

France spent €2bn on the Olympics - has the country benefited economically? Banque de France deputy governor, Agnès Bénassy-Quéré considers France’s current economic outlook.

Europe News

Mitsotakis announces pension boosts and wage hike in 2024

Greek Prime Minister Kyriakos Mitsotakis outlined his economic agenda at the Thessaloniki International Fair, focusing on wage growth, employment, and climate challenges.

Poland

Polish prime minister announces record defence spending in 2025 budget

The current proposal would break the previous defence spending record of 159 billion zlotys (€37 billion) in the 2024 budget.