Category: Latest News
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Moldova Election Tests EU Influence in Former Russian Sphere
Former Soviet Republic is deeply divided between EU and Russian supporters Young people wave EU and Moldovan flags in Chisinau, Moldova, to celebrate Europe Day. AFP/Getty Images Moldova elections have sparked a geopolitical battle between the European Union (EU) and Russia. The former Soviet Republic is deeply divided between supporters of EU integration and those advocating…
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ECB Rate Cut Optimism Is Not Enough to Turn EU Economy Around
EU economic data from the third quarter paints a bleak picture of things to come Source: Pixabay Despite hopes for a post-pandemic resurgence and cooling inflation, the European economy is now bracing for stagflation as regional economies show signs of a slowdown. Economic data from the third quarter paints a bleak picture. Purchasing Managers’ Index (PMI)…
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French Governor Cautious about Eurozone Inflation Falling Below ECB Target
Given the eurozone’s economic weakness in the eurozone, the ECB should make additional cuts, Villeroy says French Central Bank governor, François Villeroy de Galhau The European Central Bank (ECB) may need to adjust its monetary policy to manage the risk of eurozone inflation falling below its 2% target rather than exceeding it, the French central…
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Europe’s Crypto Regulation Heralds New Digital Currencies Era
Coinbase plans to delist unauthorized stablecoins that do not comply with MiCA Source: Image by Coinstash from Pixabay Europe’s crypto regulation, Markets in Crypto Assets (MiCA), heralds a new era for an industry that will provide access to about 18% of global crypto transaction volumes. In an effort to create a framework for crypto regulation across all European Union (EU)…
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French Budget Sparks Anger from Left, Teachers
French teaching unions say budget measures will cause ‘bloodbath’ in education The French budget for 2025, which aims to reduce the country’s deficit with tax hikes and spending cuts of €60 billion, has sparked political pushback. New Prime Minister Michel Barnier wants to reverse the country’s ballooning national expenditure of €3.2 trillion with austerity measures. But…
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Starmer Woos Global Investors at UK Investment Summit
Starmer said government would ‘rip out the bureaucracy that blocks investment’ Prime Minister Keir Starmer at the International Investment Summit Source: TheStandard British Prime Minister Keir Starmer unveiled that he wants to attract billions of pounds of investments during his speech at the International Investment Summit on Monday. The inaugural International Investment Summit in London secured £63 billion…
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OpenAI Eyes Expansion in Europe After Raising $6.6 Billion
OpenAI plans to open offices in Paris and Brussels to ‘establish itself in Europe Image by Tung Nguyen from Pixabay California-based company OpenAI is considering AI expansion in Europe as part of a larger push by CEO Sam Altman iton international markets after raising $6.6 billion. This AI expansion in Europe is a strategic move to tap into…
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British GDP Growth Won’t Offset Borrowing Costs, Negative Sentiment
British GDP increased 0.2% in August after flatlining in June and July Image by Stefan Schweihofer from Pixabay The British economy returned to growth in August, though this is unlikely to improve sentiment about the government’s economic stewardship. GDP increased 0.2% in August after flatlining in June and July, the Office for National Statistics said. Economists polled by Reuters had forecast…
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German Recession Fears Rise After Factory Orders Drop
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UK Renewables Benefit after 140-Year Use of Coal Ends
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European Capital Insights 