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Europe News

Europe can avoid a recession, EU’s Gentiloni says

by Adrian Jhonsan
Europe can avoid a recession, EU’s Gentiloni says

Europe is facing the impact of a “double crisis,” but the region can avoid a recession, Paolo Gentiloni, the European Commissioner for economic affairs, told CNBC on Saturday. “I think …

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Categories World

Europeans hit out at banks for not passing on higher rates

by Adrian Jhonsan
Europeans hit out at banks for not passing on higher rates

A customer exits a Piraeus Bank SA bank branch in Thessaloniki, Greece. Bloomberg | Bloomberg | Getty Images “They just want profits, they don’t think about people.” Those words from …

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Categories World

Inflation euro zone August 2023

by Adrian Jhonsan
Inflation euro zone August 2023

Christine Lagarde, President of the European Central Bank (ECB), speaks during an ECB press conference in July. Picture Alliance | Picture Alliance | Getty Images Inflation in the euro zone …

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France pays winemakers to rip up vines on Bordeaux uncertainty

by Adrian Jhonsan
France pays winemakers to rip up vines on Bordeaux uncertainty

A worker uses a backhoe to grub up an area of vines during snow fall in a vineyard in Haux, some 25 kms southeast of Bordeaux, southwestern France, on January …

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European PMIs for August show steep downturn

by Adrian Jhonsan
European PMIs for August show steep downturn

An emloyee works on the assembling of a brake caliper for an electric vehicle in Dueren, western Germany. Ina Fassbender | Afp | Getty Images European business activity contracted once …

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Categories World

Italy’s far-right leader is shocking markets

by Adrian Jhonsan
Italy’s far-right leader is shocking markets

Italian Prime Minister Giorgia Meloni. Antonio Masiello | Getty Images News | Getty Images After plunging into the political mainstream and winning over her more moderate counterparts in Brussels, hardline …

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European Central Bank Presses Pause, According to Commerzbank CFO

by Adrian Jhonsan
European Central Bank Presses Pause, According to Commerzbank CFO

The European Central Bank has likely pressed pause on its rate hiking cycle, the chief financial officer of Commerzbank told CNBC on Friday. The ECB raised interest rates in July, …

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Euro zone inflation and GDP growth data for July and the second quarter

by Adrian Jhonsan
Euro zone inflation and GDP growth data for July and the second quarter

Jeff Greenberg | Universal Images Group | Getty Images Euro zone inflation fell in July, and new growth figures showed economic activity picking up in the second quarter of this …

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Categories World

Bank of Japan’s decision to relax YCC news shocks markets due to ‘enhanced flexibility’

by Adrian Jhonsan
Bank of Japan’s decision to relax YCC news shocks markets due to ‘enhanced flexibility’

Kazuo Ueda, governor of the Bank of Japan (BOJ). Bloomberg | Bloomberg | Getty Images The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global …

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Categories World

Interest rates increase by 0.25 percentage points

by Adrian Jhonsan
Interest rates increase by 0.25 percentage points

The European Central Bank announced a new rate decision Thursday. Daniel Roland | AFP | Getty Images The European Central Bank on Thursday announced a new rate increase of a …

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Categories World
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