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Europe News

EU nations say actions needed against US subsidies but options limited

The main issue for Europe is to make sure it doesn't enter into a trade war with the US which could splinter western unity in the face of Russia's illegal war on Ukraine but officials fear an exodus of European companies.

United Kingdom

UK food crime is on the rise as country braces for recession

Food thefts in the UK have soared in recent weeks, fuelled by runaway record inflation.

Economy

Christine Lagarde warns of further ECB interest rate hikes

Christine Lagarde warns ECB may have to raise interest rates beyond merely withdrawing stimulus.

Food and Drink

British cheesemaker sells company to overcome Brexit barriers

British cheesemaker Simon Spurrell had to sell his business to a larger company in order to regain access to EU customers after Brexit left him with an estimated £600,000 black hole in lost EU sales.

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Economy

Rising production costs puts the squeeze on Europe's bakers

Whether it's the local family bakery around the corner or the huge industrial-scale bakeries, skyrocketing bills are an existential threat. Euronews speaks to bakers in the Netherlands, Romania, and Italy to find out more.

Tech News

Amazon is preparing to make 10,000 job cuts worldwide - reports

The e-commerce giant had already frozen hiring after taking on too many staff during the COVID pandemic. Around 1 per cent of its workforce will be affected.

No Comment

Argentine healthcare workers march demanding better salaries

Residents, doctors, and healthcare workers march through Buenos Aires while holding candles and lights asking for higher salaries and better working conditions.

USA

US stocks record best day in two years due to hopeful inflation data

All the action stemmed from a U.S. government report showing that inflation slowed in October, better than many economists were expecting.

Europe News

Eurozone facing recession at the end of the year, Brussels says

High prices are here to stay, with the European Union predicting inflation will remain throughout 2023.

Art

Wealthy collectors spend more than ever on art amid economic crisis

Billionaire collectors are spending more on art than ever before despite economic shock of the war in Ukraine, the pandemic and rampant inflation.

Europe News

Thousands march across France in protest over rising cost of living

Deepening worker discontent in France and around Europe has seen those demonstrating saying they cannot make ends meet as the cost of living crisis hits the continent further.

Europe News

Watch: Belgian workers strike over energy bills 'shock'

Inflation reached a record high of 10.7% in the eurozone in October.

Money

Bitcoin drops as Binance ditches FTX bailout. Is this a crypto crisis?

Euronews explains how a new crypto crisis may have engulfed crypto kid Sam Bankman-Fried’s FTX.

Turkey

'Everything is overheating': Why is Turkey's economy in such a mess?

Runaway inflation and the collapse of the lira has pushed millions of Turks to the brink of financial ruin. But what went wrong with Turkey's economy?

USA

‘The number one issue is inflation’: an expert’s take on the midterms

Although abortion, gun control and immigration have been hot-button issues in America’s midterm elections, it’s likely that it’ll be the economy that influences most people in how they vote.

Greece

Greek bakers feel the pinch of soaring energy bills

🍞🇬🇷 Monthly energy bills have quintupled in some cases, especially for Athens baker Tassos Vazakas ...

Work

Meet the Europeans working multiple jobs to pay their bills

Millions are considering taking on extra work to cope with Europe’s cost of living crisis.

Europe News

Europe needs 'strong' response to massive US subsidies - Le Maire

The US Inflation Reduction Act includes hundreds of billions of dollars of investment including state aid for industries. The EU's trade commissioner has said it appears to discriminate against European businesses.

Spain

Spain's cost of living crisis sparks large union rally in Madrid

Thousands of trade union members rallied in the Spanish capital Madrid on Thursday demanding higher wages to cope with the soaring cost of living.

Turkey

Annual inflation in Turkey reaches record 25-year high of 85.5%

Turkish President Recep Tayyip Erdogan believes that high-interest rates encourage inflation and lead to higher prices.