Keywords: European economy


European Gas Prices Climb Above $1,000 as Middle East Conflict Fuels Market Volatility

European natural gas prices rose above $1,000 per 1,000 cubic metres on Tuesday, approaching their highest levels since late 2022 as geopolitical tensions in the Middle East continued to unsettle energy markets. By 3:40 p.m. Moscow time, gas futures on the Dutch Title Transfer Facility (TTF), Europe’s......

Euro zone inflation climbs to three-year high, putting pressure on ECB

Inflation in the euro zone accelerated sharply in September, reaching its highest level in three years as rising energy costs added to pressure on consumer prices and complicated the European Central Bank’s monetary policy outlook. Eurostat’s flash estimate showed annual inflation rising......

Trump says Europe is being eaten alive as energy crisis deepens

US President Donald Trump said Europe was being “eaten alive” by mounting problems during a speech in Texas, using an ambiguous phrase as the continent faces renewed pressure from soaring energy and fuel prices. “Look at what’s happened to Europe. They’re being eaten alive,”......

Lagarde urges measured approach as euro zone inflation fuels rate hike bets

European Central Bank President Christine Lagarde has sought to temper expectations of an aggressive monetary tightening cycle, arguing that the recent rise in euro zone inflation has so far not produced the kind of persistent second-round effects that would warrant an automatic series of interest rate......

Swiss National Bank keeps interest rate at zero as inflation remains contained

The Swiss National Bank has decided to leave its key interest rate unchanged at 0%, maintaining an accommodative monetary policy stance as inflation remains relatively low despite renewed pressure from energy prices. The decision, announced on September 24, comes as several major economies continue to......

Volvo chief warns Europe’s car industry could face a Detroit-style decline

Volvo CEO Håkan Samuelsson has warned that Europe’s automotive industry risks losing industrial capacity if manufacturers continue to face high production costs and struggle to compete with lower-cost locations. In an interview with German business daily Handelsblatt, Samuelsson compared......

Eurozone weighs emergency meeting as energy prices surge

Eurozone governments are facing renewed pressure as a sharp rise in energy prices raises concerns about household costs, inflation and the impact of government support measures on public finances. Eurozone finance ministers discussed the economic consequences of the conflict in the Middle East during......

Christine Lagarde believes in Europe's growth potential

Europe is not doomed to persistently low growth. This is the message conveyed by Christine Lagarde, who believes that the economies of the eurozone still have significant margins to enhance their development potential. For the President of the European Central Bank (ECB), improving productivity is one......

ECB raises interest rates again as Middle East energy shock fuels inflation fears

The European Central Bank (ECB) raised interest rates for the second time this year on Thursday, responding to renewed pressure on energy prices as escalating tensions in the Middle East threaten to keep inflation above the bank’s target. The ECB increased its benchmark interest rate by 0.25 percentage......