Keywords: Euro


ECB selects 36 payment firms for digital euro pilot ahead of planned 2029 launch

The European Central Bank (ECB) has selected 36 payment service providers to participate in the next phase of its digital euro project, marking a major step forward in Europe’s plans to develop a central bank-backed digital currency. The group includes several major financial institutions operating......

Assilah hosts Mediterranean Youth Academy to advance multidimensional diplomacy and youth leadership

The sixth edition of the Mediterranean Youth Academy has opened in Assilah, bringing together young leaders, policymakers and international experts to explore how youth can play a more influential role in shaping public policy and strengthening international cooperation. Organized by the Mediterranean......

Hungary’s budget overhaul becomes first major test for Prime Minister Peter Magyar

Hungary’s Prime Minister Peter Magyar is preparing a major budget restructuring plan that will represent the first significant test of his government’s economic credibility since taking power after defeating long-time leader Viktor Orban. The reform package, expected by the end of August,......

ECB’s Fabio Panetta warns Euro Zone Outlook remains fragile amid global economic shifts

A senior European Central Bank (ECB) policymaker has cautioned that the outlook for the euro zone economy remains fragile, urging central bankers to prepare for an increasingly uncertain global environment when shaping future monetary policy. Speaking at a research conference in Rome on Tuesday, Fabio......

Casablanca International University Theatre Festival opens 38th edition with focus on intercultural dialogue

The 38th edition of the Casablanca International University Theatre Festival (FITUC) has officially opened, bringing together students, performers and cultural institutions from several countries for a week dedicated to artistic creativity and intercultural dialogue. Held from July 4 to 9 under the......

Türkiye to host NATO Summit after 22 years as alliance confronts evolving security challenges

Türkiye is set to welcome NATO leaders for the first time in more than two decades, hosting a high-profile summit in Ankara that is expected to shape discussions on the alliance's future security priorities, defense spending and strategic cooperation. The gathering marks Türkiye's......

Eurozone services sector shows signs of recovery as inflation pressures ease

The eurozone's services sector remained in contraction in June, but the pace of decline slowed significantly as inflationary pressures eased at a record rate, helping stabilize business activity across the currency bloc. According to the latest S&P Global Purchasing Managers' Index (PMI)......

Italy unemployment falls to record 5% despite monthly loss of 22,000 jobs

Italy's unemployment rate declined to a historic low of 5.0% in May, even as the country recorded a net loss of 22,000 jobs during the month, according to data released on Thursday by the national statistics agency ISTAT. The figures highlight a mixed picture for Italy's labour market, where......

ECB defends bank capital rules, says strong buffers do not limit lending

The European Central Bank (ECB) has reaffirmed its commitment to maintaining current bank capital requirements, rejecting growing calls from the banking industry for regulatory easing. The institution argues that robust capital buffers remain essential to safeguarding financial stability and have not......