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Economy

OECD: Belgium needs to cut public spending to reduce debt and deficit

The debt keeps swelling and if no action is taken, the OECD warns, it could reach 200% of the GDP by 2050.

Economy

Growth in average pay in the UK eases to more than two-year low

Euronews Business looks at why growth in the UK’s average earnings, excluding bonuses, has fallen to its lowest level since June 2022, in the three months up to July.

Economy

UK jobs market sees worst month in more than a decade

The strength of the UK's jobs market fell for the 14th month in a row in August, according to accountant BDO.

Economy

How many people were unemployed across the EU and Eurozone in July?

Eurostat has released its latest data on the number of people without a job across the EU and Eurozone in July 2024.

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Economy

Netherlands unemployment rate stays flat for third month in July

Gross domestic product (GDP) growth in the Netherlands also rebounded in the second quarter of the year, as the economy recovers from the slowdown seen in 2023.

Economy

Rising energy prices spark increase in French inflation rate

France's national public audit office has said the eurozone's second biggest economy could be significantly exposed to macroeconomic shocks, because of its €154bn public deficit and lagging public finances.

Economy

Sterling gains against the euro as UK wage growth hits two-year low

The pound sterling gained against the euro on Tuesday morning as latest data from the UK showed wage growth at a two-year low.

Economy

Shock French unemployment drop after forecasts of market slowdown

President Macron's government celebrates as the jobless rate falls more than predicted in France.

Europe News

German tax break proposal for foreigners sparks uproar

The proposed plan is aimed at dealing with major shortage in skilled labour caused by an aging population.

Economy

More eurozone citizens find themselves jobless in June

The marginal increase in unemployment in the eurozone suggests a slow-down in the labour market after a period of growth.

Economy

More Germans left without jobs this summer as economy contracts

The unemployment rate in Germany is creeping back up to levels seen during the early phase of the pandemic.

Economy

Spain's unemployment rate continues to fall as tourism boosts economy

Spain's unemployment rate continues its downward trend, boosted by tourism and robust GDP growth.

Economy

Macron's party scraps jobless benefit reform ahead of election finale

The controversial reform spearheaded by Prime Minister Gabriel Attal has been put on ice following Sunday’s election result.

Economy

Spanish economy bucks European trend with signs of growth

There has been an increase in household spending, and most key sectors saw robust growth on the supply side.

Economy

Swedish unemployment rate falls to three-month low in May

The Swedish labour market is still relatively resilient at the moment, but is likely to become more sluggish in the coming months, according to the European Commission.

Economy

UK long-term sickness record rise fuels fears over economic growth

Long-term sickness leads to a growing number of people who are neither working nor looking for a job, known as economically inactive. This poses a significant risk to economic growth.

Economy

Germany's jobless total climbs, staying close to 3-year highs

Businesses in Germany are struggling with the cost of rehiring staff post-pandemic, with profit margins still hit by low revenues, higher inflation, interest rates, and a continuing high cost of living.

Economy

Eurozone unemployment plunges to record low of 6.4% in April

Falling unemployment could point to a brightening European outlook, with the Euro Area economic sentiment improving as well.

World News

German retailer Galeria Karstadt Kaufhof reaches rescue milestone

Creditors have approved a restructuring plan for the department store chain Galeria Karstadt Kaufhof, saving it from a break up.

Economy

French unemployment holds steady: Are Macron’s labour reforms working?

Macron’s labour reforms have drawn criticism from all quarters, with claims that they are punitive to workers, while rewarding or cushioning companies.