Europe

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

Eurozone’s manufacturing downturn continues to cool in April, says PMI

Greece, Spain and the Netherlands all registered growth as Germany and Austria marked declines

U.K.’s GDP growth to remain sluggish at 0.4 percent in 2024: OECD

Unemployment to steadily increase to 4.7 percent by 2025 as U.K. labor market cools

Germany’s economy expands 0.2 percent in Q1 2024

Germany's seasonally adjusted jobless rate remained steady at 5.9 percent

Eurozone economy expands 0.3 percent in Q1 2024, inflation to remain stable at 2.4 percent

Economic expansion in Germany, Spain and Ireland propelled eurozone's economic growth

FDI into U.K.’s financial services sector declines 50 percent: Report

Asset management emerged as the sector attracting the largest sources of FDI

UAE, Ukraine finalize CEPA terms to increase non-oil foreign trade

Non-oil trade between the UAE and Ukraine amounted to $385.8 million in 2023

Russia’s central bank maintains 16 percent interest rate, raises inflation forecast

The central bank raised inflation forecast to 4.3-4.8 percent, up from 4-4.5 percent