Top ECB officials urge EU to remove internal barriers amid Trump tariffs

Top ECB officials urge EU to remove internal barriers amid Trump tariffs

FRANKFURT -The European Union can offset the economic drag from U.S. trade tariffs and deglobalisation by removing internal barriers, top European Central Bank policymakers said on Friday. ...
November 21, 2025 at 08:28 am
Germany plans to boost funding for European Space Agency, says minister

Germany plans to boost funding for European Space Agency, says minister

BERLIN -Germany plans to significantly increase funding for the European Space Agency, with Research Minister Dorothee Baer set to pledge up to 5 billion euros at the ESA's conference in the...
November 20, 2025 at 03:02 pm
Lawmakers say Russia should target Belgium, Euroclear and 'unfriendly' investors if EU seizes its assets

Lawmakers say Russia should target Belgium, Euroclear and 'unfriendly' investors if EU seizes its assets

MOSCOW -Russia's parliament said on Thursday that any seizure of Russian assets by the European Union must be met by legal action against Belgium and securities house Euroclear, and Moscow could also...
November 20, 2025 at 10:09 am
ECB's Makhlouf says material outlook change is needed for rate cut

ECB's Makhlouf says material outlook change is needed for rate cut

FRANKFURT -The euro zone economy is developing as expected and a compelling shift away from this path would be needed to support another European Central Bank interest rate cut, Governing Council...
November 20, 2025 at 09:03 am
German tax revenues rise 0.5% in October, finance ministry says

German tax revenues rise 0.5% in October, finance ministry says

BERLIN -Germany's federal and state government tax revenues were up slightly in October, rising 0.5% from the same month a year ago, the finance ministry said in a report on Thursday. ...
November 19, 2025 at 11:01 pm
US, UK and Australia sanction Russian cyber firms over ransomware links

US, UK and Australia sanction Russian cyber firms over ransomware links

LONDON -The United States, Australia and Britain announced coordinated sanctions on Wednesday against Russia-based web company Media Land, accusing it of supporting ransomware operations. ...
November 19, 2025 at 02:04 pm
Euro zone's current account surplus widens on trade

Euro zone's current account surplus widens on trade

FRANKFURT -The euro zone's current account surplus widened a touch in September as the goods surplus increased, offsetting a modest drop in the trade of services, data from the European Central Bank...
November 19, 2025 at 09:09 am
Russia plans new tax on electronics to boost its defence capacity

Russia plans new tax on electronics to boost its defence capacity

MOSCOW -Russia is planning a new tax on electronics, primarily imported and consumer items, with $2.7 billion in proceeds earmarked to support the domestic electronics industry, including in the...
November 18, 2025 at 04:04 pm
ECB's Sleijpen:  risks are balanced, policy is appropriate

ECB's Sleijpen: risks are balanced, policy is appropriate

AMSTERDAM -Risks surrounding the euro zone inflation outlook are balanced and the current level of interest rates is appropriate, Dutch central bank chief Olaf Sleijpen told a news conference on...
November 17, 2025 at 12:01 pm
Euro zone to grow faster than expected, but defence spending boosts debt, EU Commission says

Euro zone to grow faster than expected, but defence spending boosts debt, EU Commission says

BRUSSELS -The euro zone economy is likely to expand faster than expected this year and grow at or above potential in 2026 and 2027, but debt and deficit will be on the rise too because of defence...
November 17, 2025 at 10:01 am
Price of buying new car in Russia hits a record high, analytical agency says

Price of buying new car in Russia hits a record high, analytical agency says

MOSCOW -The average price of buying a new car in Russia hit a record high in October, rising to 3.43 million roubles , Russian analytical agency Autostat said on Thursday, saying consumers were...
November 13, 2025 at 12:52 pm
With markets underpricing risk, Europe must not ease bank regulation, ECB argues

With markets underpricing risk, Europe must not ease bank regulation, ECB argues

FRANKFURT -Financial markets are underpricing geopolitical risks and nearly all euro zone banks are exposed to some extent, so weakening regulation now could jeopardize the sector's viability in the...
November 13, 2025 at 10:01 am
German exports get welcome boost from Eastern Europe, says business group

German exports get welcome boost from Eastern Europe, says business group

BERLIN -Germany's export business, struggling under high U.S. tariffs and a slump in China, got a welcome shot in the arm from trade with Eastern Europe in the first nine months of this year,...
November 12, 2025 at 11:23 am
Berlin to set aside 7.6 billion euros for TenneT Germany as it considers 25.1% stake

Berlin to set aside 7.6 billion euros for TenneT Germany as it considers 25.1% stake

BERLIN -The German government is considering acquiring a 25.1% minority stake in electricity grid operator TenneT's German unit, an economy ministry spokesperson said on Wednesday, for which it plans...
November 12, 2025 at 08:24 am
Biggest IKEA retailer reports profit rise as it tries to sway budget-conscious buyers

Biggest IKEA retailer reports profit rise as it tries to sway budget-conscious buyers

STOCKHOLM/LONDON -The world's biggest retailer of IKEA furniture reported a rise in annual profit on Tuesday, while it tries to bring back cash-strapped consumers, and said it had raised prices in...
November 11, 2025 at 12:01 pm
What is climate finance and why does it matter?

What is climate finance and why does it matter?

BELEM, Brazil -Countries trying to shift to clean energy while also preparing for extreme weather and other impacts in a warmer world will need money - a lot of it. As the costs and risks of global...
November 11, 2025 at 05:01 am
ECB's rates at right level barring deviations, ECB VP says

ECB's rates at right level barring deviations, ECB VP says

FRANKFURT -The European Central Bank's interest rates are at the appropriate level barring changes in the economic situation, the ECB's Vice President Luis de Guindos said in an interview published...
November 10, 2025 at 07:02 am
European business braces for greater impact from US tariffs in 2026

European business braces for greater impact from US tariffs in 2026

BRUSSELS -European business sees a far greater impact in 2026 from U.S. tariffs and other trade tensions than in 2025, when front-loading mitigated the consequences, a survey by BusinessEurope showed...
November 10, 2025 at 05:02 am
Hungary gets exemption from US sanctions over Russian energy use, White House official says

Hungary gets exemption from US sanctions over Russian energy use, White House official says

WASHINGTON -The United States has granted Hungary a one-year exemption from sanctions connected to using Russian energy, a White House official said on Friday. ...
November 07, 2025 at 11:57 pm
More 'bumps in the road' likely as Bank of England shrinks balance sheet, official says

More 'bumps in the road' likely as Bank of England shrinks balance sheet, official says

LONDON -Money markets are likely to see more bumps in the road as the Bank of England reduces its balance sheet, but BoE liquidity facilities are working well to smooth them, a senior official said...
November 07, 2025 at 12:57 pm