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Economy

European Central Bank delivers final rate cut of the year

The ECB started cutting the main interest rates in June 2024, to boost the Eurozone's lagging economy, through lower rates to encourage borrowing, spending and investment.

Markets

Hopes of a US interest rate cut on inflation data helps Nasdaq soar

US stock indexes returned to positive territory as the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve.

Green News

COP29: Which countries will foot the $300bn climate finance deal?

Developing nations slammed the deal as woefully inadequate but rich countries set to pay the bill praised it as ambitious.

Economy

Turkey inflation dips for sixth month in a row as utility prices drop

Turkish inflation eased for the sixth consecutive month in November. However, it was still higher than analysts expected, leading to concerns that Turkey's Central Bank might delay cutting interest rates.

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Economy

Eurozone's inflation rate rises to 2.3%: Should the ECB be concerned?

Annual inflation in the eurozone edged higher in November, matching expectations, while Germany reported its worst retail sales drop in two years, signalling broader economic challenges for the region.

Economy

Turkey falls into recession as interest rates remain sky-high

Analysts believe rate cuts will begin early next year as high borrowing costs stifle investment and production.

Economy

Germany’s inflation misses forecasts in November: Bund yields fall

Germany's headline inflation rose to 2.2% in November, below forecasts, with a sharp 0.2% monthly drop signalling disinflation. Core inflation hit 3.0%, the highest since May. Bund yields fell to 2.14%, DAX rose 0.5%, and the euro slightly weakened.

Markets

Weekly recap: Geopolitical tensions weigh on European market sentiment

The European stock markets rebounded on Thursday but remained in negative territory for the week as rising geopolitical tensions weighed on sentiment.

Culture news

Festivals are more expensive yet more popular than ever - What gives?

Europe's biggest festivals are pricier than ever but tickets are still selling like hotcakes. What's the deal?

Economy

Central Bank of Turkey keeps key interest rate unchanged

The Central Bank of Turkey held the key interest rate at 50% at its November meeting, for the eighth month in a row. However, investors are becoming more hopeful that a rate cut may be around the corner, as inflation expectations improve.

Economy

UK inflation rises to 2.3% as energy bills push up consumer prices

Inflation in the UK rose sharply to a six-month high in October, above the BOE's 2% target, scaling back bets that there will be further cuts in borrowing rates this year.

Economy

Irish economy likely to lag in 2024 as multinational sector declines

The European Commission expects the Irish economy to decline in 2024. However, growth is expected to pick up pace again in 2025, before stabilising in 2026.

Economy

EU inflation forecast to tumble as Brussels warns of looming trade war

The European Commission has hailed a 'gradual' rebound in economic activity, but warns the EU is 'especially vulnerable' amid rising geopolitical tensions.

Culture news

UK to introduce levy on stadium tickets to support grassroots venues

The UK government is set to introduce voluntary stadium and arena ticket levy to save grassroots music venues struggling to stay open.

No Comment

No Comment: University crisis in Argentina

Students in Argentina are protesting against President Javier Milei's veto of increases in funding for public universities.

Economy

Germany's economic sentiment falters as Trump's win casts shadow

Germany's economic sentiment dropped in November as internal political gridlock and Trump's election stoked concerns. The ZEW index fell from 13.1 to 7.1, with experts citing fears over Trump's tariffs and stalled reforms in Germany's coalition government.

Markets

Trump trade: What investors need to consider in the long term

Following the euphoria on the stock markets that greeted the victory of President-elect Donald Trump, analysts have been looking at what could do well for investors in the long-term.

Economy

Fed cuts rates as Powell ignores Trump-fuelled inflation risk

The US Federal Reserve has lowered rates by 0.25%, as expected. Markets see potential for a further cut in December, while concerns rise over fiscal impacts and inflation under a Trump presidency.

Economy

Sweden cuts key interest rate to boost staggering economy

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade.

USA

Inflation gauge closely watched by the Fed falls to lowest level since

The US personal consumption expenditures price index was released on Thursday. The index is the one the US Federal Reserve tends to favour over the more widely-accepted consumer price index.