Europe

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 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 

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 

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