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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.

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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.

Economy

Pound gains after Bank of England keeps interest rates at 15-year high

In a widely expected move, the Bank of England (BoE), has decided to keep interest rates steady as part of its continued quest to bring down inflation.

Economy

Swiss central bank leaves interest rate unchanged as inflation eases

The move comes on a busy day of central bank action in Europe, with the Bank of England, European Central Bank and Norges Bank announcing whether they will amend their own rates.

Markets

Gold price climbs as investors buy the bullion after Fed rate decision

Euronews Business looks at how the markets are performing on Thursday after the US Federal Reserve's latest interest rate decision.

Economy

US Federal Reserve holds rates steady and paves way for cuts in 2024

The US Federal Reserve bank held interest rates steady on Wednesday night and paved the way for potential cuts in 2024.

Economy

First-time buyers look for long-term loans to get on property ladder

One-fifth of first-time buyers in the UK wanting to get onto the property ladder are taking out mortgages of more than 35 years, according to UK Finance.

Economy

EU banks amass high reserves despite booming payouts

Emergency funds at EU banks remain high whilst shareholders continue to profit from high interest rates.

Economy

Why the UK economy took a surprise tumble in October

Euronews Business takes a look at why the UK economy took a surprise tumble in October as the latest Office for National Statistics (ONS) figures are released.

Markets

US prices rise as inflation data dampens rate cut expectations

The US's anticipated inflation figures strongly influence trends, especially one day before the Federal Reserve announces its latest monetary policy decision.

Economy

UK wage growth slows and job vacancies fall ahead of BoE rate decision

Ahead of the Bank of England’s interest rate decision on Thursday, new data shows the economy is cooling.

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