The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to navigate political turmoil in leading economies France and Germany.
The EU is cutting interest rates and easing regulations to revive growth, but inflation risks, US policy divergence, and trade tensions could disrupt the plan. Here’s what’s at stake.
The European Union's sanctions on vessels transporting Russian grain, along with Turkey's wheat import ban, impacted Russian grain exports at the end of 2024, the country's central bank said on Thursday.
Fast forward to today, and the EU’s share of global GDP has shrunk to just 17%, even as its population remains around 6% of the global total. A demographic crisis, aging population, and low birth rates are eroding the economic foundation that once made Europe a leader.
Brussels has called on EU member states to help revive the bloc's sluggish economies. It laid out a Competitiveness Compass with policies to boost growth. Can the plan make Europe fit for competing with China and the US?
Brussels hopes simplifying green compliance rules will boost Europe’s flagging economy. Green groups fear something more sinister.
EU nations must work together quickly to help the bloc compete against global economic powerhouses like China and the U.S., European Commission President Ursula von der Leyen said.
The European Commission presented on Wednesday its plans to reverse industrial decline in the bloc and step up efforts to compete with the United States and China in new fields such as AI, and to lower energy costs and cut red tape.
January 31st 2025 marks five years since Britain officially left the European Union. Whilst many issues have been resolved for Britons living throughout Europe there are still hurdles and headaches ahead,
Diverging signals about monetary policy from the European Central Bank and Federal Reserve this week have set the euro on a clear path for further weakness.
It has been five years since the UK left the EU following the result of the 2016 referendum. People in Northamptonshire voted in favour of leaving, with Corby having the highest percentage of leave voters,