Europe

ECB stays committed to multiple rate cuts despite Fed’s caution, global uncertainty

Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity

ECB signals potential June interest rate cut despite rising oil prices, weaker euro

ECB ready to adapt monetary policy stance if current trends persist

Saudi Arabia’s minister highlights $3 billion in Spanish real estate investments, announces upcoming development agreement

40 percent of Spain's investments in Saudi Arabia over the past 10 years has been in the real estate sector

U.K. inflation slows to 3.2 percent, sparking rate cut speculations

Investors lower expectations for the scale and timing of future rate cuts

EU commits $3.71 billion to ocean protection and sustainability initiatives in 2024

Efforts target marine pollution, sustainable fisheries and blue economy investments

EIB approves $4.57 billion for business, climate action and energy across Europe

EIB signed €88 billion in new financing for over 900 projects in 2023

U.K. unemployment rate hits 6-month high of 4.2 percent, exceeding expectations

The unemployment rate in the country stood at 3.9 percent in the three months to January

Inflation in Germany eases to 2.2 percent in March, lowest since June 2021

The consumer prices increased by 2.7 percent year-on-year in February 2023

Inflation in France slows to lowest point since 2021, records 3.2 percent in March

Driven by lower growth in the prices of food, services, tobacco, energy, and manufactured products

Portugal’s government forecasts 1.5 percent economic growth for 2024

The country’s economic growth estimates align with the state budget, slightly lower than election promises

Best ski resorts in Switzerland in 2024

Economy Middle East takes deep dive into most sought-after Swiss Ski Resorts