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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

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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.

Business

Inflation, AI and Elon Musk: Five business stories that dominated 2023

Euronews Business looks back at five business stories that dominated the global landscape this year.

United Kingdom

Londoners face ‘eat or heat’ Christmas crisis despite lower inflation

As cold weather begins to bite, the higher cost of food will leave many in London struggling to put a meal on the table and heat their homes at the same time.

Economy

UK Christmas miracle: Inflation dips to two-year low in November

The latest inflation data signals an easing in the cost of living crisis in the UK.

Economy

Hungary’s central bank ends the year with another rate cut

Due to the sharp drop in inflation, Hungary's central bank is expected to go ahead in 2024 with further easing of its monetary policy.

Economy

Eurozone inflation compared as energy prices offer some relief

Euro area inflation fell in line with market estimates in November as energy prices fell. Euronews Business breaks down the latest economic data impacting the eurozone economy.

Economy

Greek parliament passes government 2024 budget

The budget forecasts 2.9% growth in the economy for 2024, up from a projected 2.4% in 2023, which is four times faster than the Eurozone average.

Economy

French inflation stays on its downward path as energy prices ease

The fall is largely due to a slowdown in energy, services and manufactured goods prices. Yet food prices, which are one of the main drivers of inflation, failed to cool off as significantly.

Economy

ECB's Christine Lagarde stands firm: No rate cuts on the horizon

Those anticipating a dovish pivot from ECB President Christine Lagarde in the wake of comments by Fed Chair Jerome Powell a day earlier would have found her latest press conference a stark contrast.