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Business

Bulgaria close to adopting the euro: What stands in the way?

Bulgaria's government is pressing ahead with its plan to join the euro currency union, aiming to deepen European integration.

Economy

Germany sees a jump in unemployment as manufacturing weakness drags on

The number of unemployed people in Germany is nearing the 3 million threshold for the first time in a decade.

Economy

OECD growth slows abruptly to 0.1% in the first three months of 2025

The overall GDP growth of the 38 countries of the OECD, providing more than 40% of the global economy, slowed down substantially in the first quarter of 2025.

Economy

EU budget needs 'a comprehensive overhaul' to handle shocks, says IMF

EU spending rules have not kept pace with challenges facing the bloc, warned the IMF’s Europe director.

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Europe News

How will the pontificate of Pope Leo XIV influence the world economy?

The first US pontiff in the Catholic Church's history has spoken about his namesake Pope Leo XIII's social policies, economics, and theological doctrines, which opened the Church to modernity in the late 19th century.

Economy

Eurozone grows 0.3% at the start of the year, industrial output soars

Eurozone GDP grew 0.3% in the first quarter of 2025, with strong gains in Ireland and Spain. Employment rose 0.3%, beating forecasts. March industrial output surged 2.6%, the fastest in five years.

Economy

Bank of England cuts main interest rate as US tariffs threaten growth

The 25 basis point cut to 4.25% was widely expected by economists.

Markets

European markets eye historic rally following Trump’s tariff pause

European markets soared after Trump paused tariffs for nations that didn’t retaliate. Investors welcomed the easing trade stance, with major indices across the continent posting their strongest performance in years.

Economy

IMF reaches a deal with troubled Argentina on bailout worth €18bn

The bailout provides a welcome reprieve to President Javier Milei as he seeks to overturn the country's old economic order.

Economy

Turkey sees opportunity as Trump's tariffs upset global trading order

Business figures and economists in Turkey have begun to glimpse a silver lining to the economic storm clouds.

Economy

Here's why President Trump's tariffs could benefit European consumers

President Donald Trump’s announcement of sweeping reciprocal tariffs, which were far steeper than many had anticipated, has sparked a global outcry. What do they mean for European consumers?

Economy

French government set to lower growth target as Trump tariffs loom

The state’s revised forecast will be in line with predictions from the Bank of France, according to work minister Astrid Panosyan-Bouvet.

Economy

Europe’s economic confidence dips again as services sector retreats

Sentiment across the European economy weakened again in March, with confidence in services and retail slumping. The euro area’s index fell to 95.2, deepening doubts over recovery momentum.

Economy

The Spanish economy grew 3.2% in 2024: Why is it outperforming peers?

Spain's economy grew 3.2% in 2024, one of the fastest in the eurozone, driven by strong domestic demand, robust tourism, and EU recovery funds, outperforming Germany, France and Italy. Economists say Spain remains a ‘bright spot’ in Europe, expecting this outperformance to continue through 2025.

Markets

Market insights: What is behind the European stock markets’ rally?

European markets continued to outperform their US counterparts despite the recent rebound on Wall Street. Notably, the banking and industrial sectors stand as the top two performers, driven by relatively cheaper valuations, expectations for surging defence spending, and optimistic economic outlooks.

Markets

Europe’s markets lose steam amid EU deadlock on Ukraine, trade tension

The rally in European stock markets took a breather as EU leaders struggled to secure a €5 billion funding package for Ukraine. Investor sentiment was further dampened by the ECB’s cautious outlook on the economy and inflation, triggering selloffs, particularly in the defence and automotive sectors.

Economy

Lagarde: Trade tariffs could push eurozone inflation up by 0.5%

A trade war could push up eurozone inflation by half a percentage point alone with detrimental effects on growth, ECB’s Lagarde warns. The ECB president said rising trade tensions and a weaker euro could complicate monetary policy.

Economy

Fed rate pause: Bank forecasts slower US growth and higher inflation

The Federal Reserve kept interest rates unchanged as expected but downgraded its economic outlook, citing slower growth and higher inflation due to Trump’s tariffs. Wall Street staged a relief rally after Fed Chair Jerome Powell downplayed inflation concerns.

Economy

Euro falls as eurozone inflation sees downward revisions in February

Eurozone inflation eased to 2.3% in February, with core inflation at 2.6%, its lowest since January 2022. France had the lowest rate (0.9%), Hungary the highest (5.7%). The euro slipped ahead of Wednesday’s Fed meeting.

Economy

Bank of England expected to pause rate cuts despite contracting output

Policymakers find themselves in a tight spot ahead of Thursday’s rate decision, with growth remaining sluggish and inflation stubborn.