Europe

OECD cuts Eurozone growth forecast to 0.8 percent, lifts inflation outlook to 2.6 percent amid rising energy costs

Organization says higher energy prices will reduce demand offset investment technology, lower effective rates

ECB President Lagarde signals potential rate hikes to counter energy shock

Lagarde stated that a moderate overshoot of the inflation target could justify measured tightening 

EU awards $3.1 billion to 54 net-zero projects to avoid 210 million tonnes of CO₂

Projects span 17 countries and 17 sectors reflecting diverse pipeline of scalable clean technologies

EU and Australia reach trade deal to eliminate up to 99 percent of tariffs, secure critical mineral supplies

Deal grants EU enhanced access to Australian critical minerals like lithium manganese and aluminum

Eurozone inflation drops to 1.7 percent in January 2026, lowest level in 12 months

France recorded 0.4 percent annual inflation; Romania registered the highest rate at 8.5 percent

Germany and India sign strategic AI Pact at New Delhi Summit to drive economic growth

The pact fosters joint initiatives in industry energy healthcare and agriculture to integrate AI economically

Alibaba showcases AI-powered “Intelligent Olympics” Vision at Milano Cortina 2026

AWI transforms one of Milan’s most iconic public spaces into a living showcase of how digital innovation can intersect with culture, commerce, and sport

Bank of England holds interest rates at 3.75 percent as inflation relief signals spring pivot

The decision to hold rates comes after a narrow 5-4 vote among the MPC members 

EU’s economy grows 1.6 percent in 2025 as unemployment holds at 5.9 percent

Lithuania recorded the highest increase compared to the previous quarter at 1.7 percent, followed by Spain and Portugal

U.K. economy rebounds in November with 0.3 percent GDP growth driven by rising car production

British economy defies stagnation warnings with fastest growth since June outpacing forecasts

China’s trade surplus surpasses $1 trillion on strong exports despite U.S. decline

Economic support from exports is crucial as China faces sluggish domestic consumption and debt crisis 

Ukraine reaches agreement with IMF for new 48-month funding arrangement providing up to $8.1 billion

Total financing gap for Ukraine is projected at around $136.5 billion through 2026-29 

EU announces $1.16 billion plan to boost AI adoption in key industries and public sector

The European Commission set out two strategies to ensure Europe stays ahead, driving adoption in key industries and putting Europe at the forefront of AI-driven science

U.K. economy grows 0.3 percent in Q2 2025 despite global trade pressures, policy tightening

Moderate growth reflects resilience amid high inflation, tariff disruptions, and cautious business investments 

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 

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

Google agrees to pay Italy $340 million to settle Italian tax case

Google has previously faced financial penalties, including over $1 billion paid to France for tax fraud allegations

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

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 

Smaller, budget-friendly EVs key to adoption in emerging and developed markets: Report

In 2023, 95 percent of EV sales in emerging markets were premium models, unaffordable for most consumers