Europe

EU to impose up to 38 percent in tariffs on Chinese battery electric vehicles

The EU will start applying provisional tariffs on imported Chinese electric vehicles by July 4

ECB shouldn’t rush or delay future interest rate cuts: Bank of France governor

France central bank governor calls on governments and regulators to boost capital markets union to help close investment gap

EU tourism sector surges with 7 percent increase in overnight stays in Q1 2024

Foreign visitors accounted for around 45 percent of all overnight stays in the EU

ECB cuts interest rates for the first time since 2019, down to 3.75 percent from 4 percent

Eurosystem staff now see headline inflation averaging 2.5 percent in 2024, 2.2 percent in 2025, and 1.9 percent in 2026

Why the European economy is not fully out of the woods yet

GDP growth rate is matching that of the US, but long-term structural problems need to be addressed

Eurozone manufacturing production declines at slowest extent in over a year, says PMI

Greece retained the top rank despite growth declining to a four-month low

Microsoft to invest $3.2 billion in cloud and AI infrastructure expansion in Sweden

The tech giant plans to deploy 20,000 advanced GPUs at its Swedish data centers

Eurozone inflation hits 2.6 percent in May, services inflation reaches 7-month high of 4.1 percent

Until this month, Eurozone inflation had been steadily declining towards the ECB's 2 percent target

EU natural gas demand declines by 7.4 percent in 2023

EU recorded the largest jump in demand in Finland with a 25.6 percent increase

Germany’s business sentiment stagnates in May amid manufacturing, trade recovery

Despite positive outlook, companies were less satisfied with their current business situation

Use quantitative easing carefully, urges ECB official

ECB officials recently agreed a new framework for how to run policy in the future

EU trade in goods surges to $55.5 billion in Q1 2024

The trade balance has shown a surplus for 3 consecutive quarters, after a period of deficit from Q4 2021 to Q2 2023

Eurozone economic recovery gathers pace, business confidence at 27-month high: PMI

Eurozone to likely grow at a rate of 0.3 percent during the second quarter

U.K. headline inflation falls to 2.3 percent in April, but core and services prices remain elevated

Services inflation eased only slightly to 5.9 percent from 6 percent, missing the 5.5 percent forecast

Eurozone trade balance surplus jumps to $26.17 billion in March

The euro area exports of goods to the rest of the world in March 2024 were $266.39 billion

Italy’s economy to grow by 0.7 percent in 2024, 2025: IMF

Italy's economic activity expanded 0.9 percent in 2023 and 0.6 percent in Q1 of 2024

Google’s $1.1 billion investment in Finnish data center aims to power AI growth in Europe

Finland's wind power capacity has increased so rapidly in recent years, by 75 percent to 5,677 megawatts in 2022 alone

U.K. second largest foreign investor in Saudi Arabia with $16 billion in investment shares

Saudi minister highlights the Kingdom's status as the fastest-growing economy over the past six years

Stress in home loans manageable despite high rates: ECB

ECB's review shows lenders were not adequately weighing up risks before granting a mortgage

$3.7 billion Saudi investments set to boost North East England’s economy, generate 2,000 jobs: U.K. Official

An Education Task Force will be also established to promote cooperation in higher education

‘Choose France’ summit attracts $16.2 billion in investments, a record high

Spain's FertigHy pledges a 1.3 billion euro investment in a low-emission plant in northern France

Germany’s commercial property prices down 9.6 percent in Q1 2024: Report

In Q1 this year, residential property prices declined 4.3 percent

U.K. public sector productivity declines 2.3 percent in Q4 2023

Economists caution that the poor performance of the NHS is exerting negative repercussions on the broader economy