european economy

EU institutions face budget cuts

Most European Union capitals want to cut the money allocated to the bloc's civil service, as part of a deal on the EU's next long-term budget, a document seen by…

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Euro Zone Growth Beats Forecasts as AI Investment Lifts Economy

The euro zone economy grew faster than expected last quarter as surging investment in AI, ample government spending and several one-off factors more than offset a drag from high energy…

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EU Green Transition Sparks Fears of Factory Closures and Employment Losses

EU countries risk mass job losses in the coming years as high energy costs, industrial restructuring and the green transition weigh on the economy, the European Commission is set to…

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Europe on Brink of Aviation Fuel Shortfall

Europe's airport industry group has warned that the continent could face a systemic jet fuel shortage in three weeks unless the Strait of Hormuz opens up, calling for urgent ‌EU-wide…

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Euro zone growth nearly stalls as Middle East war fuels inflation surge, PMI shows

Euro zone private sector growth slowed sharply in March as the Middle East war drove input costs to their highest in more than three years and triggered the worst supply…

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EC sees a challenging winter, but light at the end of the tunnel

Europe remains in the grip of the coronavirus pandemic. The resurgence in the number of cases, together with the appearance of new, more contagious strains of the coronavirus, have forced…

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