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Money

Why is Turkey's currency crashing and what impact is it having?

Turkey's currency is at an all-time low, as citizens rush to convert their savings. The fall-out of all this could make things difficult for President Erdogan.

Economy

Inflation in eurozone hits record high of 4.9%

Consumer prices across the 19 countries that use the euro currency are rising at a record rate as a result of a huge spike in energy costs this year.

Hungary

Hungary to cap petrol and diesel prices as fuel costs surge

Petrol stations that charge more than the established cap could be shut down, the government has said.

Economy

Germans face highest inflation rates in decades as energy prices rise

Germany, along with many EU countries, is facing its highest inflation rates for many years sparking fears among many citizens

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Economy

EU and US central banks signal 'not just yet' to interest rate hikes

ECB President Christine Lagarde said an increase to policy rates next year is 'very unlikely'.

Economy

Eurozone inflation hits 13-year high amid persistent energy crunch

Prices across the eurozone rose by 4.1% in October, up from 3.4% in September.

World News

Euroviews. Managing Europe's winter of discontent ǀ View

Skyrocketing fuel prices, ongoing COVID-19 vaccine hesitancy and supply chain disruption are on the cards for Europe this winter. Analyst Radu Magdin argues leaders must tackle these issues head-on, not shy away from them.

World News

Soaring energy prices push Europe's inflation to decade high

Inflation in the Euro area reached 3.4% in September, its highest level since 2008, boosted by a jolting 17.4% increase in energy prices.

Money

Venezuela’s cheap electricity is a blessing for its Bitcoin miners

Undeterred by power cuts and slow internet speeds, one Caracas-based company is taking advantage of low kilowatt rates to mine Bitcoin.

Business

Eurozone inflation rises to a 10-year high

The annual inflation rate in the 19 countries that use the euro currency jumped to a 10-year high of 3%, according to a flash estimate from the EU's statistics office Eurostat.

World News

Europe's central bank will allow higher inflation to hit climate goals

The bank said it would do more to take the impact of climate change into its monetary policy, saying that global warming could have “profound implications” for price stability.

Iran

As Iran prepares to vote, economy and inflation top concerns

Iran’s next president will face the unenviable task of trying to fix an economy crushed by international sanctions, the coronavirus pandemic and sky-high inflation.

Money

Why is Bitcoin booming in Latin America?

El Salvador’s decision to make Bitcoin an official currency is a watershed for crypto - and it’s setting off a chain reaction in Latin America.

United Kingdom

Andrew Bailey appointed first post-Brexit governor of Bank of England

The incoming Bank of England chief will come in just as the UK is departing the European Union.

Business

Europe’s economy is slowing down

According to the preliminary Eurostat data Eurozone GDP grew 0.2% quarter-on-quarter in the April-June period, down from 0.4% in the previous three months.

Economy

The most expensive city in the world 2019 is in Europe: new ranking

The city jumped six places in two years, which the report's author told Euronews was "not surprising".

Venezuela

Venezuela: exodus of migrants heading towards a "crisis moment"

That's according to the United Nations migration agency. Peru has tightened its border controls as Venezuelans flee over the high inflation nearly reaching 1 million percent

Venezuela

Merchants in Venezuela face impossible choice

After Venezuela's president announced a sixty-fold increase in the minimum wage merchants may be forced out of business

World News

Some farmers face bankrupcy over devastated harvests

A European-wide drought is devastating harvests leading to warnings about possible food price increases

Venezuela

Professor cannot afford to fix his shoes

This university professor needs four months wages to repair his shoes.