Euro zone inflation rebounds in December, fueling rate-cut debates

Shoppers at delicatessen market stall in Milan, Italy, on Thursday, Dec. 28, 2023. Bloomberg | Bloomberg | Getty Images Headline inflation in the euro zone jumped to 2.9% in December, up from 2.4% the previous month, though core inflation continued to ease, according to data released Friday by Eurostat. The annual print was a little … Read more

EU opens formal infringement proceedings against X

SUQIAN, CHINA – OCTOBER 28, 2023 – Photo illustration X, Suqian, Jiangsu Province, China, October 28, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images The European Union has opened infringement proceedings against Elon Musk’s social media platform X, previously known as Twitter. The bloc’s regulator … Read more

European Central Bank holds rates and trims its inflation forecast

BRUSSELS, BELGIUM – NOVEMBER 27: Christine Lagarde, President of the European Central Bank speaks during the European Parliament’s Committee on Economic and Monetary Affairs (ECON) meeting in Brussels, Belgium on Nevember 27, 2023. (Photo by Dursun Aydemir/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The European Central Bank on Thursday held interest rates … Read more

European Union leaders agree to open membership talks with Ukraine

President of Ukraine Volodymyr Zelenskyy Viktor Kovalchuk | Getty Images Ukraine has moved one step closer to European Union membership after leaders in Brussels agreed to open negotiations with the war-torn nation. In a surprise announcement late Thursday, EU summit chair Charles Michel, who is the European Council president, said leaders had decided to start … Read more

German Chancellor announces 2024 budget plan after debt crisis talks

German Chancellor Olaf Scholz (SPD), Economy and Climate Action Vice Chancellor Robert Habeck (Greens) and Finance Minister Christian Lindner (FDP) listen during the Budgetary debate in the plenary hall of the German Lower house of Parliament or Bundestag on November 28, 2023 in Berlin, Germany. Michele Tantussi | Getty Images News | Getty Images Germany’s … Read more

UK PM Rishi Sunak seeks to prevent party revolt with new Rwanda migrant bill

LONDON, ENGLAND – DECEMBER 06: Britain’s Prime Minister Rishi Sunak departs from number 10, Downing Street ahead of the weekly PMQ session in the House of Commons on December 06, 2023 in London, England. (Photo by Leon Neal/Getty Images) Leon Neal | Getty Images News | Getty Images LONDON — U.K. Prime Minister Rishi Sunak … Read more