Europe

Bank of England holds interest rates at 3.75 percent in 6-3 vote as inflation risks rise

Policymakers retain flexibility while monitoring wages, prices and global energy markets

ECB holds rates at 2.25 percent as euro-area inflation eases to 2.8 percent, Middle East energy risks cloud outlook

Policymakers are assessing whether the energy shock will create persistent price pressures 

U.K. inflation falls to 15-month low of 2.6 percent as fuel, food prices ease

The surprise slowdown offers relief to households while renewed energy risks cloud the outlook

Manchester United stadium regeneration could add $9.8 billion annually, create 92,000 jobs

The wider Old Trafford plan could deliver more than 17,000 homes and attract an additional 1.8 million visitors annually

Euro area swings to $8.9 billion trade deficit as imports rise 10 percent, EU gap hits $13.8 billion

An energy shortfall and weaker manufacturing surplus reversed last year’s EUR15 billion goods trade surplus 

India-U.K. trade deal takes effect with duties removed on 96.8 percent of U.K. tariff lines

The agreement expands goods, services and professional mobility across both markets.

ECB selects 36 payment providers for 12-month digital euro pilot starting in 2027

The pilot will cover person-to-person, retail, mobile and e-commerce transactions 

Trump orders halt to U.S. trade with Spain over NATO spending dispute

The U.S. president criticized Madrid’s refusal to meet the alliance’s new spending target 

Eurozone inflation drops to 2.8 percent in June as energy, services pressures ease

Fresh Eurostat data suggests price pressures in the euro area are becoming less intense 

EU and China launch trade talks to rebalance market access, trade and investment 

China's trade surplus with the EU hit $411.95 billion in 2025, a 15 percent increase over 2024

EU approves tariff cuts on U.S. goods under Trump trade deal agreement

The move fulfills the EU’s obligations under a trade deal and helps avoid renewed tariff tensions 

European Parliament advances digital euro plan as EU moves closer to central bank digital currency

Proposed central bank digital currency would complement cash and strengthen payment sovereignty

ECB keeps cautious stance as Lagarde signals limited room for more rate hikes

Policymakers remain focused on inflation while supporting economic growth 

Europe’s climate damage costs hit $941.7 billion as fiscal risks grow

A new report highlights the rising economic burden of extreme weather across the EU 

U.K. interest rates stay at 3.75 percent as Bank of England warns over energy price uncertainty

The central bank warned that geopolitical tensions are clouding the inflation outlook 

Eurozone’s inflation rises to 3.2 percent in May as services keep price pressures elevated

Eurostat data showed inflation accelerated across both the euro area and the European Union

U.K. GDP shrinks 0.1 percent in April as services drive decline, inflation eases to 2.8 percent

Mixed signals from inflation and GDP leave policymakers balancing stability and weak momentum 

May 2026 ranks second-warmest globally as rapid heatwaves, extreme weather cause disruptions 

Europe transitions rapidly from below-average baseline temperatures to intense early-season heatwaves 

EU hits key labor, education targets but struggles to halt sharp environmental decline

Findings indicate little to no progress was made regarding the goal of international partnerships

ECB Lagarde rejects eurozone stagflation fears despite rising growth, inflation risks

Baseline forecasts 0.9 percent 2026 expansion rates steady amid oil shock divergence