Europe

OECD cuts Eurozone growth forecast to 0.8 percent, lifts inflation outlook to 2.6 percent amid rising energy costs

Organization says higher energy prices will reduce demand offset investment technology, lower effective rates

ECB President Lagarde signals potential rate hikes to counter energy shock

Lagarde stated that a moderate overshoot of the inflation target could justify measured tightening 

EU awards $3.1 billion to 54 net-zero projects to avoid 210 million tonnes of CO₂

Projects span 17 countries and 17 sectors reflecting diverse pipeline of scalable clean technologies

Eurozone output growth slows in March as input cost inflation accelerates: PMI

Manufacturing production increased modestly, and at a pace that was only slightly slower than that seen in February

EU and Australia reach trade deal to eliminate up to 99 percent of tariffs, secure critical mineral supplies

Deal grants EU enhanced access to Australian critical minerals like lithium manganese and aluminum

U.K. transitions to eVisa system allowing travelers to keep passports during application process

New digital status ends sticker and BRP reliance, letting applicants keep passports during decisions

EU Commission President moves to provisionally apply Mercosur deal despite court review

Deal called consequential for Europe’s trade diversification despite opposition and legal challenges

Eurozone inflation drops to 1.7 percent in January 2026, lowest level in 12 months

France recorded 0.4 percent annual inflation; Romania registered the highest rate at 8.5 percent

London Heathrow to transport 85 million passengers this year after record breaking 2025

Heathrow revealed that £1.3 billion will be spent over the coming year in capital investment programs

Alibaba showcases AI-powered “Intelligent Olympics” Vision at Milano Cortina 2026

AWI transforms one of Milan’s most iconic public spaces into a living showcase of how digital innovation can intersect with culture, commerce, and sport

Bank of England holds interest rates at 3.75 percent as inflation relief signals spring pivot

The decision to hold rates comes after a narrow 5-4 vote among the MPC members 

EU’s economy grows 1.6 percent in 2025 as unemployment holds at 5.9 percent

Lithuania recorded the highest increase compared to the previous quarter at 1.7 percent, followed by Spain and Portugal

India and EU seal landmark trade deal, slashing tariffs on most goods

The European Union will eliminate or reduce tariffs on 99.5 percent of imports from India over a seven-year period

Eurozone economy maintains modest growth in January as business confidence strengthens

Manufacturing production in the eurozone economy returned to growth in January, following a first fall in output for ten months at the end of 2025

U.K. economy rebounds in November with 0.3 percent GDP growth driven by rising car production

British economy defies stagnation warnings with fastest growth since June outpacing forecasts

EU announces $1.16 billion plan to boost AI adoption in key industries and public sector

The European Commission set out two strategies to ensure Europe stays ahead, driving adoption in key industries and putting Europe at the forefront of AI-driven science

Indonesia, EU conclude landmark trade pact after nine years of talks

Under the Indonesia-EU trade deal, tariffs on 96 percent of goods will be reduced to zero over five years

Germany’s economy contracts 0.3 percent in Q2 2025 as U.S. demand slows

The statistics office reported that industrial production performed worse than previously estimated

Eurozone business activity picks up in August as new orders rise for first time in 15 months: PMI

Germany, the euro area’s largest economy, recorded its third straight month of output growth in August

Switzerland moves to ease burdens on businesses as 39 percent U.S. tariff takes effect

The government instructed departments to submit proposals to reduce the administrative burden on businesses

U.K. inflation climbs to 3.8 percent in July on rising restaurant, hotel, and food prices

Transport costs surged 3.2 percent, driven by a 30.2 percent increase in airfares

Germany’s cabinet approves 2026 budget with record investment of $146.41 billion

Borrowing is set to soar to €174.3 billion, more than triple the €50.5 billion borrowed in 2024 under the previous government

Wales tourism tax approved: What visitors need to know before 2027

Welsh finance secretary Mark Drakeford defended the move, highlighting that tourist levies are common across the globe

EU commits $3.3 billion for 94 transport projects to boost connectivity, market resilience

Investments aim to modernize railways, inland waterways, and maritime routes across the TEN-T network