UK economy shows unexpected strength as services growth hits six-month high
Britain’s dominant services sector expanded faster than expected in August, offering fresh evidence that the economy is holding up despite uncertainty caused…
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Category: Economy
EU Agrees to Lift All Economic Sanctions on Syria
In a landmark policy shift, the European Union has officially agreed to lift all economic sanctions imposed on Syria. This decision marks…
Germany Does Not Expect UniCredit to Pursue Full Commerzbank Bid at Present
Berlin, May 17, 2025 The German government does not anticipate that Italian banking group UniCredit will move forward with a full takeover…
Oil Prices Drop 6% Following Limited Israeli Strike on Iran
October 28, 2024 – Oil prices tumbled by 6% after Israel launched a limited retaliatory attack on Iran, easing fears of a…
IMF Declares Global Inflation Fight ‘Almost Won’
October 22, 2024 – The International Monetary Fund (IMF) has expressed optimism that the battle against high global inflation is nearing success.…
European Central Bank is prepared to lower rates once more
The European Central Bank (ECB) has indicated it is ready to lower interest rates again as inflation in the Eurozone dips below…
In the eurozone, inflation has fallen to its lowest level in two years
Inflation in the eurozone fell to 2.9 percent on an annual basis in October. The European statistical agency Eurostat reports this in a…
In December, BNP Paribas Fortis will increase its savings rates
BNP Paribas Fortis will increase the interest rates on its savings accounts again from December. The Belgian major bank announced this on Wednesday…
The drop in German economic activity shows that a recession is ‘well underway’ – PMI
Business activity in Germany contracted for a fourth straight month in October as a downturn in manufacturing was accompanied by a fresh…
Finland intends to legalize alcohol home deliveries
The government of Finland is planning to loosen a number of restrictions on alcoholic drink sales Consumers will be able to have alcoholic…
Italy is two notches above Junk level – survives for now
Italy remains at two levels above junk at S&P Global Ratings after Giorgia Meloni’s government weathered the first of several possible assessments…
Balticconnector: Finnish police have finished their investigation of the damaged Baltic Sea pipeline
Finnish police have wrapped up their on-site investigation of the damaged Balticconnector pipeline The pipeline, which is a crucial part of the…
Oil Prices Surge Following Hospital Bombing
Oil prices rose on Wednesday after the tragic event at the Gaza hospital that left hundreds of Palestinians dead and caused concerns…
Lloyd’s Fears Cyber Attack Could Wreck World Economy
The insurers Lloyd’s of London say that a “hypothetical but plausible” attack could cause “widespread disruption” and wipe out $3.5 TRILLION from…
Oil Prices Rise After US Government Shutdown Deal Boosts Risk
Brent crude December futures rose 49 cents and WTI crude futures 55 cents on Monday morning during the last-minute deal to avoid…
EU economic growth is less rapid than anticipated
According to the European Commission’s projection released on Monday, the economies of the 27 member states of the EU will continue to…