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Economy

Inflation in the eurozone shows no change: 5.3% in August

Inflation across the 20 countries that use the single currency remained stable in August at 5.3%, still far away from the 2% target of the European Central Bank.

World News

Euroviews. Europe has a productivity problem. It can be solved from space

Innovation in the sector has a beneficial knock-on effect in all of the numerous sectors it touches. To put it more simply, if the space sector flourishes, almost every other sector thrives, too, Bogdan Gogulan writes.

Work

Real wages are down in Europe: Which countries saw the biggest fall?

Real wages fell in most European countries after record-high inflation eroded most of the nominal wage growth. Which countries are worst impacted?

Business

Inflation slows down in France, UK economy grows by 0.2%

France's inflation dropped to 4.3% in July, the lowest level since February last year, while the UK economy has avoided stagnation, growing 0.2% between April and June.

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Food and Drink

'Exploding costs': German beer sales go flat

More than 7.6 billion litres of beer were produced inside Germany last year, official figures show. That's equivalent to 91 litres per person.

Business

Eurozone returns to growth in the second quarter as inflation falls

Activity grew by 0.3% between April and June, while prices rose by 5.3% in July.

Economy

Eurozone inflation drops in July as growth accelerates

Inflation in the 20-country eurozone dropped to 5.3% in July, while GDP grew by 0.3% in the second quarter of 2023.

Economy

Germany expected to be only major economy not to grow this year

According to the latest figures from the International Monetary Fund, Germany's GDP is forecast to drop 0.3% this year while other countries continue to grow.

Business

European Central Bank hikes interest rates to highest level since 2000

Christine Lagarde warned that consumer prices are still rising too fast.

United Kingdom

UK inflation drops but remains above the target, figures show

Britain's inflation dropped to 7.9% in June, but the Bank of England's target of bringing it down to 2% remains elusive.

Travel News

Croatia's tourist numbers - and prices - soar after joining Schengen

Figures released by Croatia's Ministry of Tourism show a 12 per cent increase in visitors compared to 2022.

Europe News

Cost of living crisis took its toll on EU households in 2022

The EU's official statistics agency on Monday released its annual key figures for Europe providing a snapshot of the continent's economic and societal health over the past 12 months. We picked out those you must know.

Earth News

Tomatoes now cost more than petrol in India

Extreme heatwaves and flooding have caused price of tomatoes to soar by 400% in India, with crops requiring 'bodyguards'.

Economy

Europeans much less concerned about energy prices, new poll shows

Europeans seem to have moved on from the worst of the energy crisis.

Europe News

People in the EU unable to afford a proper meal on the rise - Eurostat

In 2022, 8.3% of people in the EU were unable to afford a meal containing meat, fish or a vegetarian equivalent every second day, according to new Eurostat data.

Economy

Windfall profits rise to $1 trillion amid cost-of-living crisis: Study

New data on the profits of the world's largest businesses has renewed calls for permanent windfall taxes across all sectors of the economy.

Business

Eurozone inflation slips to 5.5%, more central bank rate hikes coming

The European Central Bank, along with its peers around the world, has been rapidly raising interest rates to combat inflation

Culture news

Have expensive Beyoncé and Taylor Swift tickets driven inflation?

From 'Beyflation' to 'Swiftonomics': are a string of mammoth popstar tours this summer rocking the economy?

United Kingdom

Bank of England hikes interest rate again as high inflation persists

With UK mortgage holders and renters are especially exposed to effects of rate increases, fears of a 1990s-style housing crash are on the rise

United Kingdom

Brexit turbocharging cost of living crisis, says economist

Campaigners promised leaving the EU would make the country richer and freer.