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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.

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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.

Venezuela

Half a burger? Here's what one month's pay will get you in Venezuela

Minimum wage in Caracas can buy you five cups of coffee — or half a burger. But what other things can you buy with one month's pay in the South American country?

Economy

UK inflation defies expectations

The British pound slipped to a one-week low on Wednesday as lower-than-expected inflation data undermined the chances of an interest rate rise.

Economy

Will Brexit harm the UK economy?

Pre-Brexit referendum, the UK economy was strong and is still growing but from one of the fastest it's fallen to one of the slowest

Venezuela

Three less zeros for Venezuelan bank notes

Venezuelan President Nicolas Maduro has announced that the country's bank notes will be re-issued but with three less zeros. The move is the result of a economic crisis that has seen the bolivar plummet against other currencies.

Economy

Eurozone inflation lower than expected

European Central Bank President Mario Draghi says he sees no reason to change current policy

Economy

Inflation jump raises rate rise worries in USA

America's Federal Reserve may be prompted to act more drastically should inflation take off, and higher interest rates mean slower economic growth.

Venezuela

Maduro says he's ready to stand for re-election

Venezuelan president hopes to take advantage of opposition disarray

Venezuela

Law and order breakdown in parts of inflation-hit Venezuela

Shops and homes are looted for a second night as people struggle to buy food

Venezuela

Caracas stores mobbed as Maduro forces price cuts

One major supermarket in the Venezuelan capital didn't open for hours. When it finally did, only crackers and washing liquid were discounted, just as millions cannot eat three proper meals a day.