Europe

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 

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

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

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