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Economy

Hamas war may push Israeli economy to brink

Just last month, Israeli Prime Minister Benjamin Netanyahu predicted a new era of peace and prosperity in the Middle East, based on growing acceptance of Israel within the region. Today, with the Israel Hamas war in its fourth week, that vision is in tatters.

Economy

What will Poland’s new government mean for the EU economy?

As President Andrzej Duda opens consultations with party leaders to form a new government, here's how the opposition's majority in the Polish parliament will affect the EU's sixth-largest economy - as well as the bloc itself.

Business

Why businesses in this EU country celebrate failure in October

Finland is now home to more than 3,800 startups, with a combined enterprise value of €48.2 billion last year alone.

Economy

Czech lower house approves plan to rein in swelling deficit

The Czech parliament’s lower house has approved dozens of measures proposed by the government designed to keep the ballooning budget deficit under control.

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Economy

Morocco welcomes IMF-World Bank meeting a following deadly earthquake

Less than a two-hour drive from where families sleep in tents and earthquake rubble remain in piles, the world's most powerful financial institutions are gathering for a week of discussions on economic challenges during times of war, inequality and climate change.

World News

Euroviews. It is high time we helped the Global South deal with loss and damage

If we as a global society are committed to climate justice, it is vital that we address the chief injustice of Global South communities experiencing the devastating impacts of a crisis they did not cause, Heather McGray writes.

Economy

Austerity measures undermine human rights, new report says

Austerity measures linked to IMF loans are eroding human rights across the globe, according to a human rights NGO.

Economy

How Germany lost its reputation as the economic envy of the world

The loss of cheap gas from Russia played a part, but decisions in the boom years are now being questioned.

Destinations

Why ‘shoulder season’ is the budget traveller's best time to travel

Travelling outside of peak times helps the local economy and can give you a more authentic travel experience.

Economy

US and China launch economic and financial working groups to ease tensions

The announcement follows a string of high-ranking US officials' visits to China this year, which sets the stage for a possible meeting between Biden and Xi in November at an Asia-Pacific Economic conference.

Economy

Sweden's central bank ramps up key interest rate over high inflation

The moves comes on a busy day of central bank action in Europe, with the UK, Norwegian and Swiss central banks announcing or expected to announce whether they will amend their interest rates.

Economy

Norway central bank pushes up interest rate, hinting at another hike in December

"Whether additional tightening will be needed depends on economic developments," said Norges Bank governor Ida Wolden Bache. "There will likely be one additional policy rate hike, most probably in December."

Economy

UK sees surprise fall in inflation

The decline was a surprise as most analysts had expected inflation in the UK to rise to 7%, but the new figure is still way above the Bank of England's target of 2%.

Economy

US-Venezuela relations at a tipping point: investors bet on possible sanctions relief

Bonds in the South American nation of Venezuela are rising in value as rumours circulate about a possible rapprochement between Washington and Caracas. The US has shown its willingness to move, but will President Nicolás Maduro make concessions ahead of next year’s election?

Business

Russia raises interest rate to 13% as economy struggles

The Central Bank of Russia raised its key lending rate by one percentage point to 13% on Friday, a month after imposing an even larger hike.

Economy

ECB hikes interest rates again, despite threat of recession

The decision raises the ECB’s benchmark deposit rate to 4%, up drastically from minus 0.5% just a little more than a year ago and the highest since the euro was established in 1999.

Economy

UK economy slumps amid strikes and rain

The UK's GDP has shrunk by more than expected, following news of higher unemployment but also higher wages.

Business

Sweden to increase defence spending amid NATO bid

The country's defence minister said it faced the "most serious security policy situation since the end of World War II".

Portugal

Estoril Conferences 2023: Acting now for a more humane world

With Nobel Laureates, politicians, scientists and environmentalists in attendance, the conference addressed some of the most pressing challenges of the day and provided opportunities for younger generations to engage with these issues.

Business Planet

What is the EU doing to protect small businesses from late payments?

In partnership with The European Commission

In this episode of Business Planet, we hear what late payments can mean for businesses, and ask how the EU can help protect vulnerable entrepreneurs.