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Europe News

Flemish nationalist Bart De Wever sworn in as Belgian prime minister

More than seven months after the parliamentary elections in June 2024, political talks have resulted in the formation of a coalition government led by nationalist Bart De Wever.

Economy

Jobless figures in EU and eurozone unchanged as growth stagnates

The unemployment rate for the EU as a whole was 5.9% in December 2024, up from 5.8% in November 2024 and down from 6.0% in December 2023, according to Eurostat, the EU's statistical office.

Europe News

EU Commission aims to simplify its way to future growth

The European Commission has presented its new economic strategy for the coming years. Simplification features prominently in a package of proposals that is sorely lacking in novelty.

Business

Germany lowers 2025 economic growth forecast to 0.3%

The uncertainty about US trade policy in the wake of Donald Trump's presidency is partly to blame, economy minister Robert Habeck said on Wednesday.

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Economy

UK Chancellor looks to third Heathrow Airport runway to boost growth

Rachel Reeves' support for a third runway came in a wide-ranging speech on boosting UK growth rates, which have been historically low since the 2008 global financial crisis for a variety of reasons.

Travel News

Want to move to New Zealand? New visa welcomes digital nomads

All the details on who can get the visa and how to apply.

Switzerland

Invest in US or face tariffs, Trump tells Davos

US President Trump promised lower taxes for companies bringing manufacturing to the US and threatened tariffs for those who don't in his Davos address on Thursday.

Economy

UK inheritance tax receipts hit record levels after threshold freezes

The amount of money collected through inheritance tax is likely to rise further in the UK due to recent policy changes.

Green News

Global GDP could be halved if we don’t take urgent climate action

People are already impacted by food system shocks, water insecurity, heat stress and infectious diseases. If unchecked, mass mortality, mass displacement, severe economic contraction and conflict become more likely.

Economy

Developing economies have greater challenges ahead, warns World Bank

Weak investment and climate change threaten growth in developing economies after a period of strong expansion.

Economy

Trump Treasury nominee to hail unleashing of US 'economic golden age'

Scott Bessent will appear before politicians on Capitol Hill to answer questions over his stance on taxes, tariffs, trade and other issues during his confirmation hearing before the Senate Finance Committee.

Travel News

Thailand gambles on casinos to bring in more visitors

Thailand's Cabinet has approved a draft bill that seeks to legalise casinos in a bid to boost tourism and the economy.

Economy

Eurozone retail trade shows tepid growth after prior drop in October

The final quarter of last year was disappointing for retailers in the eurozone, with little reprieve forecasted for 2025.

Economy

Inflation eases in Sweden as hopes of rate cut from Riksbank grow

Analysts are now hopeful that the Swedish central bank will lower its key policy rate later this month, following five interest rate cuts last year.

Partner content

Central Asia's Shining Star: Uzbekistan on the Road to Success

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

As a rising star in Central Asia, Uzbekistan has taken bold steps in sustainability, governance, education and international leadership, reflecting a dynamic transformation that few could have predicted just a decade ago.

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.

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.