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Economy

Merkel ally Weber warns London on euro clearing business

The Brexit battle lines have been further drawn after German politician Manfred Weber warned that the City of London stands to lose its leading role in euro-denominated business after the UK leaves th

Economy

What future for the eurozone: Does the risk of a break-up still exist?

What does the eurozone’s future hold? It depends where you look. Political risks seem to be increasing, despite the improvements in Europe’s economy.

Economy

Eurozone needs its own finance minister: EU's Moscovici

Pierre Moscovici is the EU economy commissioner.

Economy

How can the Eurozone survive the current political turbulence? Is there still a hope?

Today’s political climate limits the possibilities for structural reforms, fiscal pooling, and improved labor mobility. But if European leaders can strengthen the banking union, there is still hope for the eurozone’s future.

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Economy

ECB's Draghi warns against US relaxing bank rules

European Central Bank head Mario Draghi has called the US administration's idea of relaxing bank rules "very worrisome".

World News

Eurozone closes ranks after US attacks on the euro

Eurozone dismisses pessimistic euro view after the man tipped to be the US ambassador to the EU said the currency "could collapse" within 18 months.

United Kingdom

Sterling surges after Brexit speech

Theresa May's announcement that the UK will leave the single market in what is widely being seen as a "hard Brexit" has already had an impact on the financial markets.

Economy

Euro will fail if economic divides are not overcome, warns Moscovici

The economic divide between European Union nations risks destroying the euro, Pierre Moscovici has warned.

Economy

German GDP growth at five year high

Strong consumer and government spending helped Germany's economy to its strongest growth in five years in 2016.

France

Macron: the euro may not exist in ten years

The French presidential candidate issued the stark warning in a speech at a university in Berlin.

Economy

Economic optimism in the eurozone despite political uncertainty

Economic sentiment in the eurozone was much better than expected in December while German industrial orders pointed to a busy final quarter.

Economy

Eurozone inflation eases down in November, rises year-on-year

Lower energy prices cut eurozone inflation in November. Items that were more expensive included meals in restaurants and cafes, rents and cigarettes.

Iran

Iran considers currency change

The Rhouhani government approved on Wednesday a call by central bank to replace the rial with the more colloquially and historically known toman

Italy

Renzi, reform and the paradox of Italy's referendum

It’s the vote that could either plunge Italy into a fresh crisis and threaten its future in the eurozone, or hand the country a once-in-a-generation chance to streamline government and speed up…

Economy

Euro zone faces tense times in the wake of Brexit and Trump warns ECB

ECB fears for the euro zone

Europe News

British travellers could have to pay five euros to enter EU

Britons could have to pay a five-euro fee to enter EU countries in the future, under a new Brussels plan to fight terrorism.

United Kingdom

Price row prompts shortage of Marmite, the UK's stalwart food

The UK's largest supermarket chain Tesco and one its major suppliers, Unilever, have settled a price war on more than a dozen products.

Economy

Austerity obsession is pushing EU into crisis warns Stiglitz

Joseph E. Stiglitz is a titan of world economics, the fourth most-cited, and extensively published and translated. The Nobel prizewinner holds positions in several of the world's leading universities,

Economy

Euro zone business growth loses momentum

Eurozone business growth fell in September to the weakest in 21 months, with companies concerned about the economic outlook and political uncertainty.

Italy

Carlo Azeglio Ciampi: the man who served Italy with 'passion'

He will be remembered by many as a man who worked tirelessly for his country.