Business

The European Commission has hailed a ‘gradual’ rebound in economic activity, but warns the EU is ‘especially vulnerable’ amid rising geopolitical tensions. ADVERTISEMENT The EU could see inflation rates fall by over 50% next year, amid a modest economic rebound and record low unemployment, the European Commission said in a forecast published on Friday.  The report — whose numbers were …

UK economic growth slowed down sharply in the third quarter of the year, official figures showed on Friday. ADVERTISEMENT The Office for National Statistics said growth during the July to September period was just 0.1%. That was lower than the 0.5% recorded in the previous three-month period and below market expectations for 0.2%. The statistics agency said output in September …

Global stock markets faced sell-offs this week, as Wall Street’s rally began losing momentum amidst fading optimism around Trump. European markets managed a modest rebound on Thursday, spurred by positive outlooks from tech giants ASML and Siemens. ADVERTISEMENT Global markets appear likely to end the week on a sour note as Wall Street’s Trump-led rally began to falter. Despite a …

British Chancellor of the Exchequer Rachel Reeves said on Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the UK’s subpar economic growth. ADVERTISEMENT Reeves said in her speech to finance leaders in central London that the creation of so-called “mega funds” will represent the …

China released economic data revealing a boost in retail sales and slower declines in home prices, signalling economic recovery amid recent stimulus efforts. This recovery could benefit European luxury and mining stocks, as China’s demand strengthens. ADVERTISEMENT China’s latest economic data showed recovery momentum in the world’s second-largest economy, largely influenced by a range of recent stimulus measures. October’s retail …

The F1 market is highly lucrative. Parent company Formula One Group is worth around $17.35bn (€15.94bn), making it the world’s 1072th most valuable company, according to companiesmarketcap.com. ADVERTISEMENT Formula 1 has extended a contract with the Monaco Grand Prix for six more years with the iconic city circuit being assured of its place until 2031. “I’m delighted,” F1 chief executive Stefano …

A lower battery-electric vehicle market share in 2025 is likely to make it much more difficult for the EU to meet its carbon emission targets as increasing the BEV market share and sales is one of the key ways car makers were planning to meet those goals. ADVERTISEMENT The outlook for the battery-electric vehicle (BEV) in the EU is continuing to …

A slowdown in productivity growth in Europe has became one of the key reasons behind a widening per capita income gap with the United States, according to the IMF’s latest productivity report. ADVERTISEMENT A thriving business sector, with young high-growth firms on the rise, especially in the tech sector – are key if Europe is to speed up its productivity …

The euro fell to 1.05 against the dollar on Thursday, hitting a fresh 13-month low as President-elect Donald Trump’s trade policies and tax cuts are expected to strengthen the greenback. Analysts warn of further euro weakness, potentially falling even below parity. ADVERTISEMENT The euro plunged to $1.05 against the dollar on Thursday, its lowest level since October 2023 and its …

Germany’s economic ministry has warned the Deutsche Energy terminal of a planned shipment expected to arrive at the Brunsbüttel facility, according to a report. ADVERTISEMENT The ministry has told the Deutsche Energy Terminal not to take any Russian LNG shipments after it was warned of a planned shipment, according to a report in the Financial Times.  The cargo was expected …