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Business

UK company profit warnings worse than during 2008 bank crisis

One in five UK companies warns of declining profits as high interest rates take their toll.

Markets

Markets’ week ahead: European stocks slip ahead of Fed rate reveal

The US Federal Reserve is expected to announce its interest rate decision on Wednesday, with speculations of a rate cut increasingly losing steam.

Economy

Lagarde urges caution as investors bet on ECB rate cuts soon

The ECB President warned that the European economy most likely experienced stagflation in the last quarter of 2023 and outlined the risks of further economic slowdown.

Economy

Good news for US as growth shows surprise jump

The world's biggest economy grew significantly faster than expected at the end of 2023, making a recession look increasingly unlikely.

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Economy

Turkey’s central bank hikes key interest rate to 45% to curb inflation

This hike is the latest move to control soaring inflation, which has left several households unable to afford basic necessities.

Economy

ECB keeps interest rates unchanged, sticks to data-dependent approach

As expected, the European Central Bank kept rates unchanged at its January meeting, despite increasing calls for monetary loosening.

Economy

Here's why businesses in Turkey are more optimistic about inflation

Following months of sky-high inflation, Turkey’s January Business Confidence report points towards a slowly improving situation.

Markets

Markets’ Week Ahead: European stocks up ahead of ECB rate decision

European shares climbed up as investors expect the ECB to keep rates steady at its monetary policy meeting this week.

Markets

UK estate agents predict respite for housing market

Brighter days could lie ahead for the housing market following a rocky period caused by inflated mortgage costs.

Economy

US retail sales up in December, but consumers remain pessimistic

People in the US stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signalling that people remain confident enough to keep spending freely.

Economy

ECB's Lagarde hints in Davos of potential summer rate cuts

At Davos, ECB's Lagarde hinted at possible summer rate cuts, but stressed that the ECB remains data-focused. Current economic uncertainties and market expectations for policy easing remain on the ECB's radar.

Economy

UK inflation unexpectedly pulled up by clothes, alcohol and tobacco

Clothing and footwear prices, as well as furniture and household goods prices drove UK inflation up in December 2023.

Economy

Here's why Turkey’s industrial activity fell sharply in November 2023

Turkey’s industrial production fell in November 2023 due to declines in the mining and quarrying sectors.

Economy

US economy adds another 216,000 jobs in December 2023

The US economy saw the most job increases in the government, healthcare and leisure and hospitality sectors

Markets

Which UK savings accounts pay the highest interest rates?

Euronews Business compares challenger and high street UK savings accounts to see which ones pay the highest interest rates.

Economy

How much money did the UK government borrow in November?

The Office for National Statistics (ONS) said public sector net borrowing stood at £14.3 billion in November, reflecting the fourth-highest November total since monthly records began in 1993.

Economy

Hungary’s central bank ends the year with another rate cut

Due to the sharp drop in inflation, Hungary's central bank is expected to go ahead in 2024 with further easing of its monetary policy.

Economy

Eurozone inflation compared as energy prices offer some relief

Euro area inflation fell in line with market estimates in November as energy prices fell. Euronews Business breaks down the latest economic data impacting the eurozone economy.

Economy

ECB's Christine Lagarde stands firm: No rate cuts on the horizon

Those anticipating a dovish pivot from ECB President Christine Lagarde in the wake of comments by Fed Chair Jerome Powell a day earlier would have found her latest press conference a stark contrast.

Economy

ECB holds interest rates steady: What lies ahead for Europe's economy?

The European Central Bank (ECB) has held interest rates and said it expects inflation to decline over the course of 2024.