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Economy

European consumers reluctant to splash cash despite slowing inflation

Consumers in Europe appear not to want to increase their spending despite the slowing inflation in Europe, the latest retail sales figures suggest.

Economy

Prices static in Switzerland: What's behind its falling inflation?

Prices in Switzerland remained unchanged in March compared with the previous month and were only slightly up over the year.

Economy

Turkey's inflation figure soars to highest level since November 2022

Turkey's March inflation figure came in lower than analyst estimates, but was still higher than February's, because of higher transport and housing prices.

Money

Swiss fintech offers accounts for people from struggling economies

The Swiss fintech company nsave is developing an offshore bank account to help those from "distressed economies" secure their money from currency depreciation.

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Economy

Eurozone inflation falls more than expected: Green light for ECB cuts?

Eurostat data for March 2024 revealed a drop in annual consumer price inflation to 2.4%, below the expected 2.6% and hitting a four-month low. Market foresees four ECB rate cuts by end-2024, with the first expected in June.

Economy

Inflation cools in Germany as interest rates hamper growth

Prices increased more slowly than expected in March according to official figures, fuelling hopes for an ECB rate cut.

Markets

Gold hits fresh high: Why are investors turning to the precious metal?

A closer look at why the price of gold has hit a fresh record this week as other commodities also move higher, including oil prices.

Economy

What's keeping egg prices high for Easter? It's not just inflation

In Europe, egg prices are 10% to 15% lower than last year but still about double what they were in 2021

Economy

Why is inflation lower in Italy than the rest of Europe?

Italy's inflation rate rose to 1.3% in March compared to a year ago, albeit at a slower pace than anticipated.

Economy

French inflation falls to two and a half year low as food prices slow

Falling services and energy inflation also contributed to March’s reduced inflation print.

Economy

Poland's annual inflation slows to lowest rate in five years

Lower prices for electricity, gas and other fuels helped Poland to slam the breaks on inflation.

Economy

Energy prices push Spanish inflation higher: Cause for ECB concern?

Year-on-year inflation, as measured by the Consumer Price Index (CPI), increased by 3.2% in March, while core inflation, which excludes energy and unprocessed food, fell to 3.3% in Spain.

Economy

Climate change is turning up the heat on inflation, according to study

Rising temperatures and extreme weather events are expected to have a global impact on agriculture.

Germany

'We didn't want to see what Putin is up to,' admits Vice Chancellor

German Vice Chancellor and Minister of Economy and Climate Robert Habeck warned that Europe must ramp up defence spending during a global conversation with Euronews.

Economy

S&P Global: These are the biggest risks ahead for the EU economy

Uncertainty over sluggish productivity and high labour costs could draw back the economic output of the eurozone, global credit rating agency S&P said in its updated economic outlook.

Economy

Spain's economy expands: Why is it outperforming its European peers?

Spain's Gross domestic product (GDP), the measure of value created through the production of goods and services, expanded 0.6% in the fourth quarter of 2023 from the previous quarter.

Economy

Putting a roof over your head in Europe: What price will you pay?

In some European countries, housing may well take almost a quarter of your income, recent data shows.

Economy

Turkey hikes interest rate to 50% in surprise move

The increase comes after a pause last month which led experts to believe another freeze would follow suit. Yet chronic inflation still persists.

Business

Property prices getting in the way of Ireland's business with the US

Ireland is home to hundreds of US companies but the rising cost of property is proving to be a complication for business.

Economy

Germany's commercial real estate plunge could be a threat for banks

Germany's commercial real estate crisis could mean trouble for the country's banks due to their high exposure to the sector.