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Economy

Switzerland throws cold water on GDP growth predictions

Experts say Switzerland's economy will grow at a slower rate than expected in 2023 and 2024, but should accelerate the following year.

Economy

Boost for eurozone as economic sentiment hits 10-month high

While most analysts feel optimistic about the euro area's economic situation for the next six months, many remain concerned about its current state.

Economy

Thousands protest in Brussels for better wages and services

Critics of the EU's proposed Stability and Growth pact say the policy would lead to austerity, job losses and lower wages.

Economy

What is a fiscal 'kick' and why does Argentina need it?

President Javier Milei has promised painful economic "shock therapy" in Argentina, where the inflation is almost 150%.

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Business Planet

Europe's SME Assembly: Big ideas for a sustainable economic climate

In partnership with The European Commission

In this episode of Business Planet, we're at the SME Assembly in Bilbao to see how European businesses are weathering the storm of multiple global crises through innovation.

Focus

SPECA: Central Asia reaffirms its key role in international transport

In partnership with Azpromo

In Baku, during SPECA week, the United Nations programme for Central Asian countries, the Member States signed new agreements to develop better international connections between Asia and Europe.

Economy

Swiss economy grows as services sector provides support

The Swiss economy grew in the third quarter of 2023 with help from the services sector, although manufacturing continues to drag.

Stays

Why this travel blogger has started choosing hostels over Airbnbs

Some hostels are seeing 300% more bookings than in 2021.

Business

Inflation in Europe falls to 2.4%, as higher interest rates squeeze growth

Inflation for the 20 countries using the euro currency fell from an annual 2.9% in October, according to numbers released Thursday by Eurostat, the European Union's statistics agency.

Tech News

Europe’s start-up scene takes a funding hit but it’s not all bad

The decline was mostly due to later-stage companies delaying fundraising, as well as a slower pace of deployment by investors.

Economy

Czech Republic sees 'biggest protest in its history' over austerity

Under the economic plans, Czechs will pay more tax on alcohol and medicine. Businesses will also pay more corporate tax.

Economy

Paying more for Czech beer: President approves budget cuts, more taxes

The measures will see Czechs pay more taxes on alcohol and medicine, while businesses will also pay higher corporate taxes.

Europe News

Housing crisis biggest concern for voters at Dutch election

As voters head to the polls in the Netherlands on Wednesday, housing, in particular a lack of affordable homes, has become the key issue for a majority of voters.

Economy

Boost for Putin as Russian parliament approves defence-heavy budget

Russia's defence spending is due to overtake social spending for the first time in the country's modern history, but analysts say that such measures may prove challenging in the long run.

Economy

ECB threatens fines on banks failing to integrate climate risk

The European Central Bank will impose financial penalties on banks that take too long to address climate change risks in their business, a senior official has said.

Markets

Weekly market wrap: European stocks fall on earnings miss

European stocks saw a turbulent week as several companies missed earnings forecasts and US yields climbed.

Markets

Weekly commodities wrap: Precious metals flounder due to hawkish Fed

Precious metals were pressured this week following Fed Chair Jerome Powell’s comments hinting at tighter monetary policy.

Economy

UK economy sees flat growth as inflation drags

The UK's GDP inched up by 0.2% in September 2023, driven by services growth, while consumer-facing sectors sank.

Markets

Oil prices drop on poor economic data from China

Crude oil prices have dropped to their lowest since late July, on the back of weak economic data from China and slowing global demand.

Economy

Tax transparency in Finland: Find out how much everybody earns

Authorities in the Nordic nation have opened up the books on taxable income for everyone in the country as part of an annual event.