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Leaders call for unified response to global problems at Baku forum

In partnership with Azpromo

Serving and former leaders met under the principles of solidarity, equality and inclusivity to exchange and find global solutions to global problems.

Economy

Dutch economy sees slight uptick in 2023 as disposable income rises

The Netherlands' GDP outgrew analysts' expectations in the final quarter of last year.

Business

With unsold grain piled high, Polish farmer faces uncertainty amid war

The disruption of Ukrainian exports via the Black Sea led to a massive flow of grain across Poland's border with Ukraine, driving down prices for food products while inflation has caused production costs and interest rates on loans to rise.

Markets

Gold passes €2000 an ounce level: What's the continuing allure?

In a week that saw 10 central bank meetings around the globe, gold prices surged to new record highs for the first time in the precious metal's history.

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Economy

Bank of Japan ends opts for first interest rate hike in 17 years

Japan's central bank has decided to end its era of negative interest rates following signs that the country's decades-long deflation is coming to an end.

Egypt

European Union announces €7.4 billion package of aid for Egypt

European Union announces €7.4 billion package of aid for Egypt to fund efforts in curbing migration.

Economy

France's inflation figures dip but energy prices keep spark alive

France's inflation rate stood at 3% in February year-on-year, only 0.1% lower than the previous month.

Economy

Hardy Russian economy a key selling point as Putin plans reelection

“For most Russians, who choose to ignore the war, the economy is really the biggest issue,” one expert said.

Green News

European leaders ‘outpaced’ by increasing risk from climate change

The situation is already critical as climate change leads to increasingly frequent and severe flooding, drought and rising sea levels. Without urgent action by governments and EU leaders the impact is likely to become 'catastrophic' over the coming years, the European Environment Agency warns.

Economy

India and EFTA sign $100 billion free trade deal

India and EFTA now need to ratify the agreement before it can come online, with Switzerland planning to do so by next year.

Economy

As Europe's economy languishes, when will the ECB cut interest rates?

While new figures confirm economic stagnation in the EU at the end of last year, eyes turn to predictions from Bank of America that the ECB will cut interest rates in June.

Economy

French industry tumbles at start of 2024

Insee said the 1.1% decline was largely due to significantly lower output in the transportation and automotive sectors.

Economy

China sets ambitious economic target but it won't be easy to achieve

China's premier has outlined plans to boost spending on developing advanced technology, fortifying the country's military and supporting the economy, among many other longstanding goals.

Economy

'Buy one, get one free': France forbids supermarket mega sales

French supermarkets can no longer offer discounts of more than 34% for various personal and household products. The new law aims to protect smaller companies against the might of multinationals' mega sales. But how will it work for consumers?

Economy

'Eroded democracy' threatens Serbia's EU relations and economic growth

For the first time in 12 years, since President Aleksandar Vučić's party has been in power in Serbia, official measures approved in Brussels are sending a clear warning to Serbian authorities: there'll be no more EU funding unless allegations of election fraud are thoroughly investigated.

Economy

Swiss inflation continues to slow down in February

Data for the month of February shows inflation is back to its 2021 level, at 1.2%, compared with the same time last year, putting Switzerland on the same path as its European neighbours.

Markets

OPEC+ oil giants extend oil output cuts amid economic uncertainty

Russia is among the countries announcing cut extension, announcing an additional voluntary reduction of 471,000 barrels per day for the second quarter.

Markets

The Week Spotlight: ECB rate decision takes centre stage

Euronews Business provides a roundup of what to look out for in the markets this week.

Economy

Eurozone inflation cools, but not as much as expected

Falling inflation figures from the Eurozone and its biggest economies will come as a relief to the ECB, which makes its next interest rate decision next week.

Economy

Swiss economy sees modest growth, buoyed by services

The accommodation and food services sector increased by 3.5%, while increased travel helped to push up the transport and communication sector by 0.4%.