A general view shows the leaves turning yellow in a vineyard at the end of the harvest season in the Siebengebirge mountain area along the Rhine River in Bonn, Germany, on October 25, 2024. Nurphoto | Nurphoto | Getty ImagesInflation in the 20-nation euro zone rose to 2% in October,...
People walk down the iconic Alcalá street on a very hot afternoon in Madrid, Spain.Miguel Pereira | Getty Images News | Getty ImagesThe euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union's statistics agency showed Wednesday.Economists polled by Reuters had expected growth...
Signage shines through a window reflecting Barclays head office in Canary Wharf, London, U.K.Bloomberg | Getty ImagesLONDON — British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.The result compared with the £1.17 billion net profit forecast in an LSEG poll...
Extreme tariffs proposed by U.S. presidential candidate Donald Trump would interrupt the path of disinflation and could lead to higher interest rates, according to the head of the Institute of International Finance."The assumption is you'll have higher inflation, higher interest rates than you would have in the absence of...
General view of the City of London skyline, the capital's financial district, in October.Sopa Images | Lightrocket | Getty ImagesLONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand.The IMF now...
The Canary Wharf business district is seen in the distance behind autumnal leaves on October 09, 2024 in London, United Kingdom.Dan Kitwood | Getty Images News | Getty ImagesLONDON — Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday.Economists polled by...
France's newly-installed government on Thursday presented a draft budget containing 60 billion euros ($65.6 billion) in tax hikes and spending cuts, as analysts warned the package may not be enough to stave off ratings downgrades for the economy.The 2025 budget features a greater focus on tax-raising measures than some...
Commuters cycles past the Bank of England (BOE), left, in the City of London, UK, on Monday, Sept. 16, 2024. The central bank's Monetary Policy Committee's interest rate decision is scheduled for release on Sept. 19. Bloomberg | Bloomberg | Getty ImagesLONDON — The Bank of England on Thursday said...
Italian Prime Minister Mario Draghi during the press conference at the Multifunctional Hall of the Prime Minister on July 12, 2022 in Rome, Italy.Massimo Di Vita | Mondadori Portfolio | Getty ImagesThe European Union needs up to 800 billion euros ($884 billion) in additional financing per year to meet...
A worker at a Volvo car store introduces the Volvo xc60 and other models via a live streaming in Shanghai, China, March 18, 2024.Cfoto | Future Publishing | Getty ImagesVolvo Cars on Thursday scaled back its margin and revenue targets, after announcing it was no longer targeting 100% all-electric...