Europe

Europe

Why is gold reaching record heights?

Why do investors flock to gold when economic times turn tough? As the precious metal reaches record highs AFP explains why it remains such a trusted lifeline.

2d ago

ECB braces for bigger-than-anticipated growth hit

Euro zone economic growth could fall much more from the impact of US trade tariffs than initially estimated by the European Central Bank and the turmoil could also drag inflation down in the near term, four sources told Reuters.

5d ago

Dollar’s long reign set to continue

As President Donald Trump launches his tariff war against both friends and foes of the United States, concerns are once again surfacing about the US dollar’s future as the global reserve currency.

2w ago

EU to impose counter tariffs on $28b of US goods

The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of US goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket US tariffs on steel and aluminium.

1m ago

Trump tariffs: What’s been done and what is to come?

It was another roller-coaster week in US President Donald Trump’s trade war as tariffs against China came into force while Mexico and Canada were given a temporary reprieve.

1m ago

Solar power surpasses coal in EU for first time

Solar overtook coal in the European Union’s electricity production in 2024, with the share of renewables rising to almost half the bloc’s power sector, according to a report released Thursday.

2m ago

At Davos, EU vows pragmatism with Trump

A fire at a ski resort hotel in Turkey’s Bolu mountains killed 66 people yesterday and forced panicked guests to jump out of windows in the middle of the night.

2m ago

IMF chief sees steady world growth in 2025, continuing disinflation

The International Monetary Fund will forecast steady global growth and continuing disinflation when it releases an updated World Economic Outlook on Jan. 17, IMF Managing Director Kristalina Georgieva told reporters on Friday.

3m ago

Why is gold reaching record heights?

Why do investors flock to gold when economic times turn tough? As the precious metal reaches record highs AFP explains why it remains such a trusted lifeline.

2d ago

ECB braces for bigger-than-anticipated growth hit

Euro zone economic growth could fall much more from the impact of US trade tariffs than initially estimated by the European Central Bank and the turmoil could also drag inflation down in the near term, four sources told Reuters.

5d ago

Dollar’s long reign set to continue

As President Donald Trump launches his tariff war against both friends and foes of the United States, concerns are once again surfacing about the US dollar’s future as the global reserve currency.

2w ago

EU to impose counter tariffs on $28b of US goods

The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of US goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket US tariffs on steel and aluminium.

1m ago

Trump tariffs: What’s been done and what is to come?

It was another roller-coaster week in US President Donald Trump’s trade war as tariffs against China came into force while Mexico and Canada were given a temporary reprieve.

1m ago

Solar power surpasses coal in EU for first time

Solar overtook coal in the European Union’s electricity production in 2024, with the share of renewables rising to almost half the bloc’s power sector, according to a report released Thursday.

2m ago

At Davos, EU vows pragmatism with Trump

A fire at a ski resort hotel in Turkey’s Bolu mountains killed 66 people yesterday and forced panicked guests to jump out of windows in the middle of the night.

2m ago

IMF chief sees steady world growth in 2025, continuing disinflation

The International Monetary Fund will forecast steady global growth and continuing disinflation when it releases an updated World Economic Outlook on Jan. 17, IMF Managing Director Kristalina Georgieva told reporters on Friday.

3m ago

Russian manufacturing growth slows in Dec

Russia’s manufacturing sector continued to expand in December, but at a slower pace than the previous month, as inflationary pressures remained high and business confidence weakened, S&P Global reported on Friday.

3m ago

Big Oil backtracks on renewables push as climate agenda falters

Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down - and at times reversing - climate commitments in a shift that they are likely to stick with in 2025.

3m ago