Economy News

Eurozone inflation nudged back to 2% in June, marking the first rise since January and keeping the European Central Bank on alert. Consumer prices rose 2% year-on-year, up from 1.9% in May, matching forecasts. Monthly inflation accelerated to 0.3%, after staying ...

The eurozone economy showed little momentum in June, with business activity stagnating and PMI figures missing market expectations. The composite PMI for the bloc held steady at 50.2, just above the line separating growth from contraction, but short of the anticipated ...

As trade tensions simmer between the EU and Washington, German and French aerospace industries have closed ranks on a key issue: retaliatory tariffs must focus on complete US aircraft and helicopters, not critical spare parts. With the European Commission weighing ...

In a week of global monetary policy announcements, central banks revealed contrasting monetary strategies. The U.S. Federal Reserve held its benchmark interest rate steady at 4.25%–4.5%, keeping it unchanged since December. However, policymakers still anticipate two rate cuts in 2025, despite ...

European markets opened Tuesday under heavy pressure as rising oil prices and escalating Middle East tensions rattled global investors. Crude prices added 87 cents early in the session, with Brent reaching $74.10 per barrel and US benchmark crude climbing to $72.64. ...

In one of Europe’s largest banking deals in recent memory, France’s BPCE is acquiring a 75% stake in Portugal’s Novo Banco from US private equity firm Lone Star. The transaction values the Portuguese lender at €6.4 billion and marks BPCE’s entry ...

The UK economy shrank by 0.3% in April, marking a sharp slide from March’s 0.2% growth and exceeding economists’ forecasts of a 0.1% decline. This downturn coincided with the implementation of US tariffs as well as a wave of domestic tax ...

The World Bank has downgraded its global GDP growth forecast for 2025 to 2.3 percent, a sharp decline from the 2.7 percent projection made in January. This marks the weakest economic performance in nearly two decades, excluding periods of outright recession. ...

Top US officials met their Chinese counterparts in London this week in a renewed push to stabilize trade relations between the world’s two largest economies. With Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and Trade Representative Jamieson Greer leading the ...

Global smartphone shipment growth is now expected to reach just 1.9% year-on-year in 2025, according to Counterpoint Research, down sharply from a previous 4.2% projection. Most affected by the slowdown are Apple and Samsung, whose shipment outlooks have taken a hit ...

Eurozone inflation dipped below the European Central Bank’s 2% target for the first time since September 2024, coming in at 1.9% in May. The sharper-than-expected slowdown, down from 2.2% in April, has boosted market expectations of a 25 basis point rate ...

The US is set to double tariffs on steel and aluminium imports to 50%. The increase, due to take effect on June 4, adds pressure on European exporters and threatens the stability of transatlantic trade talks. The European Commission issued a ...

European companies are increasingly cutting costs and rethinking their investment strategies in China as the country’s economy shows persistent signs of strain. According to the European Union Chamber of Commerce’s 2025 Business Confidence Survey, falling profit margins and sluggish demand are ...

Germany’s DAX notched a new record high, climbing 0.18% to 24,269.47, as investors responded to signs of progress in US-EU trade negotiations. The move capped a third consecutive day of gains for European markets, with the Euro Stoxx 600 inching up ...

Last Friday, US President Donald Trump reignited threats of sweeping tariffs, sinking both stocks and the dollar. A 25% tariff on Apple if it doesn’t shift iPhone production to the US, followed minutes later by a proposed 50% levy on ...