English

More about this topic

Food and Drink

Berlin's Michelin-starred restaurants in crisis amid economic woes

Five of the highest-awarded fine dining restaurants in the capital of the EU's strongest economy have shut up shop in the past 12 months. Others are warning of a critical situation. But what's driving this crisis?

Economy

Sweden cuts interest rate and says policy easing could speed up

Growth is weak in Sweden while inflation remains low, pushing policy makers to lower borrowing costs.

Economy

Netherlands unemployment rate stays flat for third month in July

Gross domestic product (GDP) growth in the Netherlands also rebounded in the second quarter of the year, as the economy recovers from the slowdown seen in 2023.

Economy

US inflation comes in lower than expected in July

Inflation has taken a central role in the presidential election, with former President Donald Trump blaming the Biden administration's energy policies for the price increases.

ADVERTISEMENT

Economy

Rising energy prices spark increase in French inflation rate

France's national public audit office has said the eurozone's second biggest economy could be significantly exposed to macroeconomic shocks, because of its €154bn public deficit and lagging public finances.

Economy

Pound slips on weaker-than-expected UK inflation data

The pound retreated following a one-day surge, prompted by weaker-than-expected UK inflation data. Cooling inflation may increase the likelihood of further interest rate cuts by the Bank of England this year.

Economy

Refusal to pay higher prices may deal final blow to US inflation spike

The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it.

Economy

Eurozone inflation rises again in July: Are ECB rate cuts at risk?

Eurozone inflation rose to 2.6% in July, exceeding expectations and casting doubt on potential ECB interest rate cuts in September. Energy prices significantly contributed to the rise.

Economy

Spain inflation falls to five-month low in July as energy prices drop

A drop in food prices contributed to the fall with items such as butter, milk, pasta, flour and chicken all becoming cheaper.

Business

Heineken beer sales fall flat on poor weather and lower sales in China

The rainy conditions during the Euros football championship made for disappointing sales at a time when beer and general alcohol sales would be expected to show a rise.

Culture news

Why are European fans outraged over Sabrina Carpenter’s 2025 tour?

Sabrina Carpenter fans are left fuming at the “criminal” ticket prices for the European leg of her Short n' Sweet 2025 tour next March.

Portugal

Will Portugal's new plan to help young people buy homes actually help?

Low incomes and high house prices have long kept young people out of the housing market, but there is also a risk that a new measure to assist buyers will put more pressure on an already choked supply.

Economy

Hungary cuts key interest rates and vows careful and patient approach

Hungary's interest rate cut comes after the European Central Bank (ECB) chose to leave interest rates unchanged last week at its July meeting.

Economy

German construction sector looks set to see road blocks ahead

Despite receiving strong support and investment from the government, Germany's construction sector remains in the doldrums, with no sign of improvement any time soon, according to a respected analyst.

Economy

Apartment hunting: Where in Europe will it cost you the most?

While Serbia saw the biggest increase in apartment prices per square metre over the year, there is one country in Europe that still has the highest price per square metre, as well as the highest average income.

Travel News

Greek tourism benefiting from Türkiye’s inflation crisis, say experts

Hotel prices and ticket costs are soaring in Türkiye as inflation hits tourism.

Economy

Producer prices in Germany decline due to lower energy costs

June’s fall was primarily due to the prices of energy, such as natural gas and electricity falling, as well as the costs of intermediate goods decreasing too.

Economy

ECB’s Lagarde keeps September rate cut contingent on data

The ECB left rates unchanged in July, maintaining a data-dependent approach, with September's rate cut still undecided. Lagarde noted high domestic price pressures still weighing on inflation and potential tariffs risks weighing on exports.

Economy

Corporate distress levels up in Germany but down in UK and France

Some of the most distressed sectors also continued to be retail, healthcare and property, especially burdened by the high cost of borrowing.

Economy

ECB meeting preview: No surprise cut in July, all eyes on September

Following June’s rate cut, the ECB is expected to maintain rates steady at its July meeting, awaiting September economic projections. Divisions widen between hawk and dove members, while analysts anticipate two more cuts by year-end.