Europe Economy

European companies cut jobs amidst difficult economy, weak demand

Companies across Europe are being forced to freeze hiring or cut jobs on difficult economy and persistent weak demand for many products

Lagarde says ECB expects 'really good progress' on inflation so far

Speaking on Wednesday at an event hosted by the Atlantic Council in Washington, she described how policymakers have seen consumer-price growth weaken from a peak above 10%

Lagarde says ECB expects 'really good progress' on inflation so far

Speaking on Wednesday at an event hosted by the Atlantic Council in Washington, she described how policymakers have seen consumer-price growth weaken from a peak above 10%

European banks under investor pressure to keep earnings growth alive

Bank share prices have broadly delivered a double-digit rise this year, driven by stock buyback programmes

Asian markets decline as chip stocks fall, China remains in focus

The euro loitered around two month lows and last fetched $1.0887 in early trading ahead of the European Central Bank's policy meeting on Thursday, where the central bank is largely expected to cut

Charting the global economy: Inflation pressure cools in US, Europe

Meantime, inflation in Tokyo - a leading indicator of the national data due in September - picked up speed in August, supporting the case for the Bank of Japan to continue raising rates

How a sleepy Czech town is helping Europe compete in the global chip war

Roznov was best known for its rum-drizzled sweet pies and open-air museum showing off historical wooden houses, then US chipmaker ON Semiconductor picked it for a new $2 bn manufacturing hub in June

UK inflation at 2% for first time since 2021, underlying pressure persists

Sterling rose modestly against the US dollar after the data

Taylor Swift tour gives boost to European economy, shows BofA Data

Cities across the globe are reaping economic benefits as consumers splurge on experiences and live entertainment

Germany backs ending EU tax break that helps Shein, Temu keep prices low

Under current EU regulations, packages purchased online from a non-EU country are not subject to customs duties if their value is under 150 euros

What lies ahead for the India-EFTA countries free-trade agreement?

India's interest in trade and economic partnership with EFTA countries stems from the expertise of affluent member-nations in precision technology, and India's appetite for foreign direct investment

Europe, US companies back India for derisking from China: Survey

The other key emerging markets, the survey said, are southeast Asia, where 60 per cent of the respondents were willing to put in 50 per cent more investment in the next three years

Putin's next target after Ukraine may be Nato's Latvia, Lithuania, Estonia

With the addition this year of Sweden and last spring of Finland to the North Atlantic Treaty Organisation, the Baltic Sea has been dubbed a 'Nato lake' by some analysts

Lufthansa, Air France-KLM plan to cut costs after tough first quarter

Air France-KLM said it would tighten spending for the rest of the year, including a freeze on hiring support staff and a vow to stabilise operations, particularly at carrier KLM

Higher consumer spending, investment boost French first quarter growth

Economists broadly expect activity to pick up over the course of the year as lower inflation boost consumers' purchasing power and interest rate cuts fuel an increase in investment

EU leaders to hear shake-up needed to match global rivals in new green tech

The EU faces new challenges from massive US subsidies drawing in investment and China's domination of new tech supply chains, on which it is dependent

Europe maintains steady investor demand amid US-driven ESG backlash

European investors have seven times as much capital in sustainable fund assets than US investors, following five consecutive quarters of US outflows, based on Morningstar data

Europe is the saving grace for declining Indian exports in 2023

This was driven by demand for products such as pharmaceuticals, textiles, petroleum products, engineering products, machinery, as well as chemicals, government data showed

Gaining momentum: Petro product exports fire up after fall in January

In Feb, country regains market share in diesel shipments, India's most-valued export to Europe, putting a check on US expansion

European inflation eases to 2.6% on falling energy prices, food inflation

The inflation that has ravaged the European economy eased again in February, falling to 2.6 per cent as high interest rates, moderating oil and gas prices, and sluggish growth held back price increases in stores. February's figure for the 20 countries that use the euro currency compares to 2.8 per cent from January, the European Union's statistical agency Eurostat said Friday. Inflation is now far below its peak of 10.6 per cent in October 2022, which it hit after Russia cut off most supplies of natural gas and sent energy prices through the roof. But the return of inflation to 2 per cent, the goal set by the European Central Bank, is taking time. Food inflation eased to 4 per cent from 5.6 per cent, offering some relief to people on modest incomes who spend more of their pay on necessities than the well-off. Another factor was energy prices, which fell by 3.7 per cent. One key sign that inflation is losing steam was so-called core inflation, which excludes swings in food and fuel