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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.

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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.

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.

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.