Europe

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 

U.K.’s GDP falls 0.3 percent in April 2025, biggest monthly drop since October 2023

There was a monthly decrease of 63.5 percent in U.K. residential transactions in April 2025, compared with March 2025

NVIDIA to build world’s first industrial AI cloud in Germany

AI factory will enable Europe’s industrial leaders to accelerate every manufacturing application

U.K. to invest $1.35 billion in AI research compute by 2030, says PM Starmer

The U.K.’s fastest AI supercomputer powered by 5.5k GH200s is set to be fully operational this summer

Eurozone inflation falls to 2.2 percent in March, jobless rate declines

Strengthening calls for additional interest rate cuts from ECB

Eurozone business activity rises to 50.4 in March, highest level in seven months

Germany's manufacturing rebound and easing inflation signal a positive shift in Europe's economic engine

French central bank reports loss of $8.4 billion for 2024

The bank noted that falling ECB deposit rates and reduced bond holdings will help mitigate future losses

EU employment grows 0.2 percent in Q4 2024 as economy steadily expands

Romania, Spain, Greece and Portugal recorded the highest employment growth compared with the previous quarter

Eurozone annual inflation up to 2.5 percent, March rate cut still likely

Last week, Lagarde suggested price growth may fluctuate before slowing toward the 2 percent target later

GDP remains steady in Eurozone, up by 0.1 percent in EU

Germany and France, the two largest economies within the bloc, have reported unexpected contractions

EU allocates $1.96 billion for humanitarian aid in 2025

The EU has set additional emergency funding in its budget which includes more than €295 million for worldwide actions

Eurozone inflation rises to 2.4 percent for third consecutive month in December

Core inflation remained steady at 2.7 percent for the fourth month in a row

Eurozone economy struggles as December 2024 PMI reaches 49.6

Despite exceeding 49.5, PMI remained below the 50 threshold for growth 

UK house prices rise 4.7 percent in 2024

Northern Ireland was the best-performing area for the second year running, with prices up 7.1 percent

London Heathrow to invest $3 billion in upgrades over next two years

The airport invested £1.1 billion in 2024 and benefited over 1,100 supply chain partners in the UK

Euro area unemployment rate steady at 6.3 percent in October 2024

In October 2024, there were around 12.971 million people unemployed in the EU

U.K. house prices rise 3.9 percent to record high in October

London continues to have the most expensive house prices in the U.K., now averaging £543,308