Economy | Euronews

English

Culture news

Investment in UK arts and culture sector suffers alarming 15% fall

Shocking figures reveal the state of freefall for the culture and entertainment sector in terms of the UK's GDP.

Business

Germany's consumer climate still low, DAX eyes fifth straight drop

Germany's GfK Consumer Confidence Index rose slightly, but despite beating expectations, sentiment remains fragile amid high inflation and job insecurity. The DAX fell 0.9%, marking its fifth loss, as European markets slid on hawkish Fed signals.

Markets

Markets week ahead: Eurozone business activities and Fed rate decision

Market movements this week will hinge on eurozone business activity data and key interest rate decisions by major central banks, including the Fed, Bank of England, and Bank of Japan.

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.

ADVERTISEMENT

Markets

Euro weakens ahead of the ECB rate decision due out later today

The euro further declined against the US dollar following the release of US inflation data on Wednesday. Markets will be closely watching the upcoming ECB decision today.

Culture news

ABBA Voyage gives UK economy huge boost, contributing £1.4 billion

The virtual concert residency has attracted over two million visitors since opening in 2022 and new data shows that the production has delivered £1.4 billion (approx. €1.7 billion) in economic benefits.

Economy

Eurozone economy touches two-year high as households spend more

The Eurozone quarter-on-quarter GDP growth rate inched up in the third quarter of the year, boosted by increased government and household spending, as well as higher inventories.

Economy

How will Ukraine's economy move on after the war is over?

With almost three years into Russia's invasion of Ukraine, business owners and academics discuss how the country's economy may develop post-war.

Economy

Eurozone business activity contracts: Euro tumbles to 2-year lows

Eurozone business activity fell sharply in November, with services joining manufacturing in contraction. The Composite PMI hit 48.1, signalling the steepest decline since January. The euro and bond yields weakened, while equities turned red, with banks witnessing sharp declines.

Europe in Motion

Alcohol-free beer is becoming more popular in the EU

Alcohol-free and low-alcohol beer production in the EU jumped by 13% from 2022 to 2023, while the share of traditional brews declined. How large is the gap now?

Europe in Motion

EU SMEs well behind on digitalisation, Eurostat report finds

Only 58% of EU small and medium enterprises have reached a basic level of digital services, an enormous 32 percentage points behind the goal set by the EU Commission for 2030.

No Comment

No Comment: University crisis in Argentina

Students in Argentina are protesting against President Javier Milei's veto of increases in funding for public universities.

Partner content

Uzbekistan’s Bold Reforms Spark Global Interest

Partner content presented by the Tourism Committee of the Republic of Uzbekistan

Uzbekistan is stepping up on the world stage as reforms led by President Shavkat Mirziyoyev reshape the nation’s politics, economy and civil society, sparking significant international interest.

World

How Algeria's key ports are boosting trade and driving economic growth

In partnership with anep

In this episode of Algeria Tomorrow, we explore the bustling ports of Annaba, Djen Djen and Bejaïa, revealing their crucial role in boosting Algeria's maritime trade and economic growth.

Economy

Sweden cuts key interest rate to boost staggering economy

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade.

Europe in Motion

In which EU countries are the most businesses being launched?

The number of companies opened across the EU is higher than those closing, with 3.4 million new companies created in 2022 versus 2.8 million that went out of business.

Europe News

Scholz criticised for hosting economic summit without key ministers

The German chancellor has been accused of using an economic summit as an election launchpad.

Europe in Motion

Which European universities file the most patent applications?

A new study shows a growing contribution of universities to the continent's innovation ecosystem but laments the bloc's fragmentation is crippling the ability to turn high-level scientific research into economic competitiveness.

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.