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Economy

UK Spring Statement: Further budget cuts and halved economic growth

Britain's Chancellor of the Exchequer Rachel Reeves has laid out the latest on UK public finances. Her statement arrives at a moment when the nation needs to find billions to boost defence spending against the backdrop of an ailing economy. Here are the key takeaways.

Economy

French budget talks: Pension reform must remain, says business boss

The warning comes as France's government meets party representatives, hopeful of winning support for a new budget bill.

Europe News

Portugal: State Budget for 2025 approved as Socialist Party abstains

Only PSD and CDS, the two parties supporting the government, voted in favour. With the exception of PS, all opposition parties voted against.

Healthcare

Italy spent over €1 billion on dozens of ‘drugs to avoid’ in 2022

An independent researcher said the results should spark a re-evaluation of some medicines, but do not necessarily mean patients are being harmed.

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Economy

Italy's budget 2025: Breaks for low-income earners and bank levy

Presenting next year's budget, the Italian government seeks to honour election promises while also satisfying EU demands.

Business

France mulls business tax hikes: What does it mean for investors?

The new levy, if accepted by parliament, could cost more than one-fourth of the expected growth in earnings for the biggest companies traded on the French stock exchange, according to a report.

Economy

Netherlands new budget aims for 'people to have more money to spend'

Migration, the housing shortage and household incomes are among the key issues, the new Dutch government has decided to tackle in its budget and policy plans for 2025.

Economy

Ireland has a budget surplus: Why has it been warned to stop spending?

Ireland's fiscal watchdog has advised the government to pinch pennies before October's budget announcement.

Economy

Experts call for restrained spending as global debt hits record high

Debt in emerging markets such as India and China and stubborn inflation in the US is putting pressure on funding costs.

Economy

Italy’s GDP inches higher but deficit comes in far worse than forecast

Italy records marginally positive GDP results yet its deficit for 2023 drastically overshoots expectations.

Economy

Greek parliament passes government 2024 budget

The budget forecasts 2.9% growth in the economy for 2024, up from a projected 2.4% in 2023, which is four times faster than the Eurozone average.

Economy

EU fiscal deal: France and Germany at odds on investment spending

After a long night in Brussels, EU finance ministers haven't sealed the deal on a new fiscal framework.

Business

All you need to know about the UK's economic plans for 2024

UK Chancellor Jeremy Hunt is set to outline the government’s financial plan for the year ahead. What can we expect? Euronews Business takes a look.

USA

US Senate approves 45-day funding bill to keep federal agencies open

On the brink of a federal government shutdown, Republican minority Speaker Kevin McCarthy dropped demands for steep spending cuts.