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Economy

Greece: Shoppers not convinced over government scheme to cut prices

"I do not believe this measure will be any help. It is just a trick to fool the consumers”, said one customer.

World

Club together on gas purchasing, IEA tells Europe

European countries would improve their negotiating position on gas prices if they clubbed together around a common purchase mechanism, the IEA says.

Europe News

EU asks for similar access to US market as Canada and Mexico

For Dombrovskis, some of the subsidies included in Washington's Inflation Reduction Act appear to "discriminate" against EU businesses.

Economy

Eurozone inflation climbed to new record high of 10.7% in October

Eurozone inflation climbed to new record high of 10.7% in October

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Russia

Russia’s central bank improves key economic forecasts

The Central Bank of Russia (BCR) has improved its GDP forecasts for the Russian economy this year, predicting a less severe recession than it previously thought.

Europe Decoded

Why do central banks raise interest rates to curb inflation?

Banks hope that if borrowing money becomes more expensive, consumer demand will fall, bringing down prices along the way.

Economy

European Central Bank announces new super hike of interest rates

The eurozone's central bank intends to make spending more expensive in order to bring down prices.

Money

How are European countries helping people pay their energy bills?

Countries are stepping up to help their citizens pay the bills this winter, when households are expected to bear the brunt of the energy crisis.

World News

Cost of living protests across Europe might spell political trouble

As inflation keeps growing and the war in Ukraine causes further economic fears, the risk to political leaders became clearer as people continue to demand action.

Money

Soaring inflation: Where can you get the cheapest cup of coffee?

Thanks to rising inflation, the price of coffee has jumped by 17 per cent across Europe. But where does a cup now cost you the most?

United Kingdom

'I'm a fighter not a quitter' says Truss in first PMQs since U-turns

Defying calls to quit even though her tax plans have been reversed, the beleagured British leader came under more scrutiny at Prime Minister's Questions.

No Comment

French strike pits workers against government as inflation bites

Tens of thousands of French workers took to the streets across the country Tuesday, striking for pay hikes that keep up with rising inflation. The industrial action came after weeks of walkouts that hobbled oil refineries at home.

France

Tens of thousands strike in France over pay and cost of living

Tuesday's industrial action hit the transport, health, education and energy sectors as workers demand pay rises to cope with high inflation.

Germany

Pawnbrokers the winners as economic reality bites in Germany

"We have never seen such an increase," said German pawnbroker Nikolaus Bode

Home

The cost of housing is rising. Here's how rents compare across Europe

While rents have increased almost everywhere in Europe, there are major differences from one country to another.

Money

Inflation in Turkey tops 83% as Erdogan vows more rate cuts

While most Western countries are in the process of raising interest rates to keep inflation in check, Turkey is doing the exact opposite.

Home

These are the most expensive, energy-hungry appliances in your home

We take a look at how energy is used in a typical household, which appliances use the most power, and how much this could be costing you.

Economy

Eurozone inflation reaches new record high of 10% in September

Eurozone inflation reaches new record high of 10% in September.

Health news

Europe's energy crisis could cut production of cheap medicines

Some generic medicines may be discontinued, drugmakers warn - as soaring energy bills squeeze their margins.

USA

US Federal Reserve hikes interest rates for the third time in 2022

Intensifying its fight against high inflation, the US Federal Reserve raised its key interest rate by substantial three-quarters of a point for a third straight time and signalled more large rate hikes to come.