Economy
IMF says global economy ‘limping along,’ cuts growth forecast for euro area
The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro area and said overall global growth remained…
EU Commission cuts euro zone growth forecast as Germany in recession
The euro zone economy will grow slower than previously expected this year and next, the European Commission forecast on Monday as consumer…
Germany, Switzerland, Austria join call for return to budgetary discipline
The finance ministers of Germany, Luxembourg, Austria, Switzerland and Liechtenstein on Monday made a joint appeal for a return to discipline in…
Industrial output jump gives euro zone growth small boost
The euro zone's vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on…
UK PM Sunak sees “light at the end of the tunnel” on inflation
British Prime Minister Rishi Sunak said there was "light at the end of the tunnel" for his government's plan to halve inflation…
Royal Caribbean raises annual profit forecast on resilient demand, shares surge
Royal Caribbean Group raised its full-year profit forecast on Thursday, betting on higher ticket prices, onboard spending and resilient demand as travelers…
Euro zone business downturn deepens far more than thought in July -PMI
A downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry…
Euro zone underlying inflation finally easing: ECB’s de Guindos
Underlying price pressures in the euro zone, a key focus for European Central Bank policymakers, are finally easing and past rate hikes…
World food prices fall again in June – UN food agency
The United Nations food agency's world price index fell in June to its lowest level in more than two years, pushed down…
Putin says Russian economy faring better than expected
By Lidia Kelly July 5 (Reuters) - President Vladimir Putin said late on Tuesday that the Russian economy was performing better than…
The EU’s complex landscape: Balancing inflation, growth, and stability
Keith Zahra, Communications Manager, Corporate and EU Affairs at Corporate Identities Towards the end of last year, English publisher Collins designated ‘perma-crisis’…
ECB’s Lagarde sees no peak in core inflation despite ‘moderation’
European Central Bank President Christine Lagarde on Monday acknowledged "signs of moderation" in core inflation in the euro zone but reaffirmed it…