Economy
Industrial production in the eurozone unexpectedly declined in May, according to newly released official data, signaling continued challenges for the region's manufacturing sector despite resilience in some industries. Industrial output fell by 0.2% compared with the previous month, marking the......
A group of European Union countries is calling for a rethink of a planned carbon pricing system for transport fuels, raising new questions over the future direction of the bloc’s climate policy. Ten member states, including Italy and Poland, have expressed concerns about the proposed measure,......
The United States has announced the freezing of more than $130 million in cryptocurrency assets that authorities allege are linked to Iranian financial networks, marking another step in Washington's efforts to strengthen economic pressure on Tehran. According to the US Department of the Treasury,......
London’s stock market moved slightly lower on Wednesday as renewed concerns over geopolitical tensions in the Middle East encouraged investors to adopt a cautious stance. The decline was mainly driven by weakness in mining companies, which offset gains recorded by energy stocks benefiting from......
Global oil prices moved higher as investors reacted to renewed geopolitical tensions in the Middle East, with developments around the Strait of Hormuz increasing concerns about potential disruptions to global energy supplies. Both Brent crude and West Texas Intermediate (WTI) futures recorded gains......
European Central Bank policymakers have signalled a measured approach to future interest rate decisions, stressing the need to remain vigilant on inflation while indicating there is no immediate case for a rapid tightening of monetary policy. The comments, made on Wednesday, suggest that although inflation......
French savers could soon receive a higher return on their Livret A accounts after the Bank of France proposed increasing the regulated savings rate from 1.5% to 1.7% beginning in August. The proposed adjustment reflects renewed inflationary pressures in France following the escalation of conflict in......
Italy has approved a €100 million sovereign financing package for Morocco to support the implementation of its national water strategy, as part of Rome’s Mattei Plan aimed at strengthening economic and development partnerships with African countries. The funding, included in an Italian government......
India and the United Kingdom have officially implemented their Comprehensive Economic and Trade Agreement (CETA), introducing significant tariff reductions and broader market access for businesses, professionals and investors in both countries. The agreement, which took effect on Wednesday, is expected......
Israel’s next government will need to take urgent steps to contain the country’s growing debt burden and rebalance public spending, Bank of Israel Governor Amir Yaron said on Wednesday. Speaking ahead of the country’s upcoming general election, Yaron warned that continued growth in......
Canada’s housing market showed signs of renewed activity in June, with home sales increasing modestly while property prices remained stable compared with the previous month, according to new data from the Canadian Real Estate Association (CREA). The figures suggest that market conditions are gradually......
Spain's annual inflation rate, measured under the European Union's Harmonised Index of Consumer Prices (HICP), remained unchanged at 3.6% in June, according to final figures released by the National Statistics Institute (INE). The reading matched both the preliminary estimate published earlier......
Cryptocurrency markets posted modest gains on Tuesday, showing resilience despite rising geopolitical tensions and higher energy prices that have renewed concerns about global inflation and the outlook for interest rates. Investors continue to monitor developments in the Middle East, where geopolitical......
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