Markets

Record outflow as investors are pulling out of renewables

High-interest rates and inflation left the sector's share prices plummeting more than 30% in the past three months.

10 October 2023

Economy

The global economy 'is limping along, not sprinting' - IMF report

The global economy continues to recover, but GDP growth is going to slow down over the next two years, the IMF has said in its latest economic outlook.

10 October 2023

Economy

Countries across Europe grapple with housing crisis

Over recent years, housing crises have become increasingly prevalent across Europe, affecting nations of varying economic health. Portugal, Turkey, and even wealthy Luxembourg are grappling with the common challenge of providing affordable and accessible housing for their citizens.

7 October 2023

Economy

UK food prices fall for the first time in two years

The cost of groceries in the UK was down 0.1% in September from the previous month, according to an industry body.

3 October 2023

Europe News

State of the Union: EU-China trade talks & interest rates to stay put

The European Commissioner for Trade was in Beijing to temper fears of an all out trade war between the two sides.

29 September 2023

Business

Inflation drops sharply in Europe in September

The annual inflation was still double the European Central Bank’s target, however.

29 September 2023

Europe News

Brits regret Brexit but rejoining the EU is unlikely

Protests and demands for the UK to rejoin the EU are growing steadily in the UK, where most are saying Brexit has failed.

29 September 2023

Economy

German inflation falls to its lowest level since start of Ukraine war

The inflation rate in Germany is expected to be 4.5% in September 2023.

28 September 2023

Economy

The German GDP is shrinking by 0.6% this year

A new forecast expects the overall German economic output to contract this year, mainly due to a slower-than-expected recovery in the industry and private consumption.

28 September 2023

Europe News

ECB interest rates to remain high for as long as needed - Lagarde

The President of the European Central Bank (ECB) Christine Lagarde signalled on Monday that borrowing costs may have reached their peak, but will remain high for as long as it takes to curb inflation.

25 September 2023

Economy

Sweden's central bank ramps up key interest rate over high inflation

The moves comes on a busy day of central bank action in Europe, with the UK, Norwegian and Swiss central banks announcing or expected to announce whether they will amend their interest rates.

21 September 2023

Economy

Norway central bank pushes up interest rate, hinting at another hike in December

"Whether additional tightening will be needed depends on economic developments," said Norges Bank governor Ida Wolden Bache. "There will likely be one additional policy rate hike, most probably in December."

21 September 2023

France

France to allow petrol to be sold at a loss in a bid to curb inflation

The Élysée wants to scrap the 1963 ban on selling fuel at a loss in order to curb rising inflation. Oil industry leaders have strongly condemned the move.

20 September 2023

Economy

UK sees surprise fall in inflation

The decline was a surprise as most analysts had expected inflation in the UK to rise to 7%, but the new figure is still way above the Bank of England's target of 2%.

20 September 2023

Economy

Eurozone inflation revised down to 5.2% in August

Despite the decrease, inflation still remains far above the European Central Bank's 2% objective.

19 September 2023

Food and Drink

Less is more: Why French shoppers are angry over 'shrinkflation'

Ever heard about shrinkflation? It happens when manufacturer's make smaller product but fail to change prices. It's not a new practice but it's being increasingly noticed in France by consumers as costs rise for everyday foods and provisions.

18 September 2023

Economy

ECB hikes interest rates again, despite threat of recession

The decision raises the ECB’s benchmark deposit rate to 4%, up drastically from minus 0.5% just a little more than a year ago and the highest since the euro was established in 1999.

14 September 2023

Economy

EU economy loses momentum amid war, inflation and natural disasters

The European Commission has revised down its economic forecast, warning that stubbornly high prices for goods and services are "taking a heavier toll than expected."

11 September 2023

Economy

Erdoğan now backs plan that includes raising interest rates: minister

Inflation in Turkey is running at nearly 60%, according to official figures, although independent economists say the real rate is much higher.

7 September 2023

Economy

Inflation in Turkey jumps to 59%

Inflation reached 58.9% year-on-year in August in the country, the highest since December 2022, according to official data published on Monday.

4 September 2023