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Economy

Euro sinks to twenty-year low against US dollar

The euro fell below $0.99 as gas supply issues spark fears of a recession in the European Union

Spain

Heating restrictions leave Spanish bar owners cold

Spain aims to meet EU energy-saving targets with restrictions on heating and air conditioning. But bars and restaurants fear losing business as a result

Germany

Third German relief package approved after hours of negotiations

The German Chancellor hopes to skim off the windfall profits from energy companies to help pay for plan. The so-called excess profits tax has also been discussed at the European level for weeks. Olaf Scholz says he hopes it'll make a massive difference in people's ability to deal with rising costs.

Europe News

Europeans worry cost of living crisis will cause social unrest: survey

Conducted by pollster YouGov for the non-profit organisation More in Common, the survey showed that cost of living has become the most important issue for people in France, Germany, Poland and the United Kingdom.

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Europe News

Spain to cut VAT on gas to help with soaring prices

Prime Minister Pedro Sanchez says the measure will come into force from October until December but could be extended.

Business

Eurozone annual inflation hits a record at 9.1% in August

Inflation in the euro area hit another record in August at 9.1%, fueled by soaring energy prices mainly driven by Russia’s war in Ukraine.

United Kingdom

'Summer of discontent': Soaring inflation fuels strikes in the UK

"We've not had anything like this since the late 1970s," one expert told Euronews.

United Kingdom

London bus drivers strike for second time in August as inflation soars

Inflation is rising at a higher rate in the UK compared to much of the rest of Europe, and with further scheduled transport strikes set for next week, others are also threatening industrial action.

Money

Bitcoin and other cryptos drop as interest rates rise

Bitcoin prices are now down more than 50 per cent from a year ago.

Money

What is shrinkflation, skimpflation and stagflation?

As economic panic sets in, many are worried about inflation and especially stagnation and are fed up with skimpflation. But what do these terms mean?

Tech News

The tech solutions to a warming world and the energy crisis

These technologies can help cool down and warm our homes in a greener and cheaper way. But experts say sometimes the solution is far simpler.

United Kingdom

UK faces 80% hike in energy bills as regulator raises price cap

Ofgem's move will see average annual household bills soar to £3,549 pounds (€4,204).

No Comment

Argentine workers hold 'funeral' for minimum wage

Left-wing social organisations held a demonstration in downtown Buenos Aires where they "mourned and buried" the Argentinean minimum wage.

Economy

Europe's energy crisis haunts the euro as it tumbles to 20-year low

A new spike in energy prices has added to fears of recession, with manufacturing surveys due on Tuesday expected to highlight the damage done to activity.

Money

What is 'cashstuffing,' the latest money-saving TikTok trend?

The generations born in the digital age are turning to an old-fashioned practice for saving money.

Turkey

Turkey lowers interest rates as inflation hits 80 percent

In a statement following a monetary policy committee meeting, the country's national bank said it decided to reduce the policy rate from 14% to 13%.

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Can a career move help with the rising cost of living?

Partner content presented by Jobbio

With prices soaring, is now the time to switch jobs or even careers?

Money

Could Australia clamp down on cryptos? Regulators hope so

Nearly half of Australian retail investors owned cryptocurrency in late 2021 and more got their information from YouTube videos than from financial advisers.

Money

Amid inflation and a cost of living crisis, is cash making a comeback?

As prices rise, the UK Post Office has seen record levels of cash withdrawals. But does this mean people are turning more to cash and away from cards?

Money

Inflation: What are governments doing to ease the financial pain?

As record inflation bleeds the pockets of people dry with rising living costs, can your government do anything to help? This is what some are doing.