The move is in line with dovish signals from other central banks, notably rate cuts from the Fed and the ECB. ADVERTISEMENT The Czech Republic’s central bank has cut its key interest rate for the seventh time in a row, in a response to slowing inflation. The cut, which had been predicted by analysts, brought the interest rate down by …

The debt keeps swelling and if no action is taken, the OECD warns, it could reach 200% of the GDP by 2050. ADVERTISEMENT Belgium has proved relatively resistant to economic shocks and is facing a 1.4% GDP growth in 2025, however, it urgently needs to lower its debt, according to the Organisation for Economic Co-operation and Development (OECD).  The country …

UniCredit’s bid to raise its stake in Commerzbank to 29.9% faces German resistance. The European Commission sees potential benefits in consolidation, while analysts predict significant financial synergies. ADVERTISEMENT The potential merger between Italy’s UniCredit and Germany’s Commerzbank is fuelling debates across Europe, raising questions about its economic and political implications. While UniCredit’s CEO, Andrea Orcel, aims to boost profitability and …

More than 600,000 people, including many celebrities, have fallen for a hoax claiming to deny Facebook and Instagram owner Meta the right to use their images for training artificial intelligence (AI). Film stars James McAvoy and Ashley Tisdale, as well as former NFL player Tom Brady, are among those who re-shared the fake “Goodbye Meta AI” message on Instagram stories. …

Borrowing costs in Sweden are being lowered faster than previously predicted as inflation falls below target. ADVERTISEMENT Sweden’s central bank cut its key interest rate a quarter-point to 3.25% on Wednesday as inflation now sits below the official target. “Inflationary pressures have fallen over the year and are now assessed to be compatible with an inflation rate of around 2 …

Bettina Orlopp is to replace Manfred Knof ‘in the near future’. The news comes days after Italian bank UniCredit revealed it had increased its stake in Commerzbank from around 9% to 21%, subject to regulatory approval. ADVERTISEMENT Amid ongoing controversy over a possible takeover of German lender Commerzbank, the bank has announced chief financial officer Bettina Orlopp as its new …

Euronews Business takes a metaphorical ride across Europe to identify the countries with the cheapest and most expensive public electric vehicle charging rates. ADVERTISEMENT Data from the European Alternative Fuels Observatory (EAFO) reveals that Iceland and Portugal are among the cheapest places in Europe to charge an EV when away from home, while Norway and Slovenia are the costliest. France …

Bitcoin prices reached a one-month high after central banks’ rate cuts in September, with analysts expecting the upward trend to persist. ADVERTISEMENT Bitcoin prices have surged to their highest level since 26 August, propelled by an acceleration in the global central banks’ easing cycle. The largest cryptocurrency has soared 21% since the second week of September, with its price climbing …

Getty Images A major international study suggests there has been a sharp rise in what it calls “problematic” social media use among young people since the pandemic. Researchers came to the conclusion after surveying almost 280,000 children aged 11, 13 and 15 across 44 countries. The Health Behaviour In School-aged Children (HBSC) study found, on average, 11% of respondents engaged …

Getty Images While Trump has been forthright about his views on crypto, Harris’ position is much less clear The cryptocurrency industry is “rife with fraud and hucksters and grifters”, one of the United States’ top financial regulators has told the BBC. The chair of the US Securities and Exchange Commission (SEC), Gary Gensler, says the “investing public around the globe …