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Economy

US inflation rises to 3.4% in December on energy prices

US year-on-year inflation numbers for December 2023 came in higher-than-expected following energy prices falling at a lower rate

Economy

OECD: Inflation dipped slightly in November 2023

Across the 38 members of the OECD, year-on-year inflation was at a two-year low in November 2023.

Economy

Time to buy a house? It might cost double the price

House prices and rents in the EU show significant trends that vary across the country, according to new official data.

Economy

Global risks 2024: What are the key geopolitical risks this year?

The World Economic Forum’s Global Risks report 2024 believes false information, rising conflicts and economic uncertainty are among the most widespread risks facing this year

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Economy

Here's why Turkey’s industrial activity fell sharply in November 2023

Turkey’s industrial production fell in November 2023 due to declines in the mining and quarrying sectors.

Markets

Weekly markets wrap: European shares dip ahead of non-farm payrolls

European markets were somewhat downbeat this week, due to disappointing economic data and upcoming US non-farm payrolls

Economy

US economy adds another 216,000 jobs in December 2023

The US economy saw the most job increases in the government, healthcare and leisure and hospitality sectors

Business

JD Sports shares plummet following dire profit warning

JD Sports shares fell around 20% on Thursday, following the retail chain issuing a gloomier profit forecast than before

Business

PepsiCo products pulled from Carrefour stores over price hikes

Shops in France have seen PepsiCo offerings taken off shelves, with Belgium, Spain and Italy set to follow suit.

Economy

Italian inflation declines while consumer prices surge by 0.2%

Euronews Business breaks down the newest data about Italy's yearly inflation rate, consumer prices, and the factors behind these changes

Economy

German retail sales fall 2.5% weighed down by internet sales

German retail sales numbers dropped in November following internet and non-food sales being less than anticipated.

Europe News

Eurozone inflation rose to 2.9% in December according to Eurostat

The half percentage point rise on the November figure (2.4%) appeared driven by an abatement in falling energy prices

Economy

Euro area inflation rises less than expected in December

Eurozone inflation in December rose by 2.9% year-on-year, less than the 3% expected, ending a seven-month decline streak. Monthly, the inflation rate increased by 0.2%. Core inflation, excluding energy and food, hit 3.4%. November's PPI fell by 0.3%, with a significant yearly drop of 8.8%.

Economy

German inflation rises to 3.7% in December due to energy prices

Germany's inflation rate increased to 3.7% YoY in December, up from 3.2% in November, mainly due to a 4.1% rise in energy prices influenced by a government subsidy. Food inflation fell slightly. Excluding food and energy, core inflation was 3.5%. France also saw a slight uptick in inflation to 3.7%.

Economy

French inflation rises on higher energy prices

French inflation inched up in December, supported by higher energy and services prices

Business

Where in Europe will the property market revive in 2024?

The rise of technologies, such as AI, and the solid growth in tourism-related sectors could drive Europe's commercial real estate market next year, while the housing market struggles to get back on its feet and the rental market soars.

Economy

Turkey inflation soars to over one-year high at 64.8%

Turkey’s inflation jumped to its highest level since November 2022, driven by higher housing and utilities prices

Business

Turkey raises minimum wage by 49%

A substantial rise in the Turkish minimum wage before the mayoral elections will offer relief to households but also present challenges in managing inflation.

Business

Drowning in heavy debt you can't afford? Here's some steps to consider

This is an expensive time of year for all of us but for those who are already feeling under the strain of financial pressure it can seem a desperate time.

Argentina

Streets of Argentina erupt with anger against new Milei proposals

Thousands of Argentinians have taken to the streets to oppose the country's new president Javier Milei who took office earlier this month promising drastic cuts to public spending.