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UK economy emerges strongly from recession

The 0.6 percent growth was stronger than analysts had expected.

May 10, 2024 8:28 am CET

How dirty Russian money taught Latvia to get serious on sanctions

Centralizing the policing of sanctions could serve as a model for other EU countries.

May 10, 2024 6:00 am CET

Bank of England leaves key interest rate at 5.25 percent

Governor Andrew Bailey opens the door to a first rate cut in June, but warns it’s “not a fait accompli”.

May 9, 2024 1:12 pm CET

Maltese central bank governor, deputy PM face charges in snowballing corruption case

Malta’s political elite is being rocked by impending charges over a 2015 hospital concession deal.

May 7, 2024 11:22 pm CET

UK will be worst-performing G7 economy in 2025, OECD forecasts

The outlook is a blow to Prime Minister Rishi Sunak and his Chancellor Jeremy Hunt.

May 2, 2024 11:13 am CET

EIB wants more lending firepower as it eyes bigger defense role

It’s the first time Nadia Calviño has publicly called for a formal restructuring of the lender’s gearing ratio.

April 30, 2024 6:21 pm CET

Springtime comes for Europe’s economy

The EU’s economy grew by 0.3 percent in the first quarter of the year.

April 30, 2024 12:26 pm CET

Europe’s banks retreat from Moscow, with the ECB at their heels

A grinding, slow process nears its end.

April 30, 2024 4:00 am CET

Staff accuse ECB of gaming survey to limit negative feedback

Awkward questions that turned up evidence of harassment and discrimination last year have been dropped this time around.

April 29, 2024 1:51 pm CET

France gets a reprieve on credit rating, but doubts persist on fiscal outlook

Moody’s and Fitch keep assessments unchanged, but are cautious on French government’s ability to meet deficit targets.

April 27, 2024 12:23 pm CET

More cash, less screen time: 5 policy takeaways from Macron’s Sorbonne speech

Here’s what you need to know about the French president’s wide-ranging address on Thursday.

April 25, 2024 5:57 pm CET

Floods, war and US inflation crash the IMF party

The risk that lies closest to financiers’ hearts moved a step closer to reality as one of the Fed’s policymakers floated the idea that interest rates may have to rise still further to bring inflation under control. 

April 19, 2024 3:06 pm CET
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Liz Truss hates the Bank of England boss. That might just save him

Dubbed the “plank of England” by one newspaper, Andrew Bailey hasn’t always been the most popular figure — but, perversely, criticism from Truss has helped.

April 18, 2024 7:06 pm CET

ECB’s Lagarde digs in as US pushes Europe on using Russian assets for Ukraine aid

The debate on whether and how to use frozen Russian money to help Ukraine has reached the G7.

April 18, 2024 1:01 am CET
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EDIS vote in ECON: Ignoring consequences of rush is careless

The European Deposit Insurance Scheme is back on Parliament’s banking union agenda, but key regulatory issues remain unresolved, and premature ‘compromise’ may have a far-reaching impact on upcoming European elections.

April 16, 2024 3:30 pm CET

Sack Andrew Bailey as Bank of England boss, says Liz Truss

Ex-PM describes the Treasury, the Bank of England and the Office for Budget Responsibility as a ‘three-headed hydra.’

April 15, 2024 1:30 pm CET

Euro plunges, eyes parity with dollar after Lagarde’s go-it-alone pledge

The currency weakened as the ECB signals it plans start cutting rates before the Fed.

April 12, 2024 6:26 pm CET

Bank of England’s forecasting needs urgent revamp, says ex-US Fed chief Bernanke

The BoE’s systems are out of date in a changing world, review said.

April 12, 2024 1:03 pm CET

France talks tough on Ukraine while gobbling up more Russian gas

France has paid Russia over €600 million this year for liquefied natural gas, new data shows. That’s an EU-leading rise from last year.

April 11, 2024 7:29 am CET

ECB seen holding one last time before June cut

The central bank is expected to cut interest rates in June, but a rise in workers’ salaries could impact the pace and rate of cuts. 

April 9, 2024 7:53 pm CET

Once humiliated by inflation, the ECB is now saying it was right all along

The battle for the narrative has swung again, now that prices are (nearly) behaving themselves.

April 5, 2024 2:38 pm CET

Belgium’s renowned chocolatiers grapple with soaring cocoa prices

Life for Flemish confectioners is becoming an increasingly expensive box of chocolates.

March 29, 2024 12:39 pm CET

Fallen crypto titan Sam Bankman-Fried sentenced to 25 years

The sentence was handed down almost five months after a jury found Bankman-Fried guilty of orchestrating a massive fraud centered on his crypto empire.

March 28, 2024 5:11 pm CET

Court dismisses traders’ appeal to overturn convictions for rate rigging

Tom Hayes and Carlo Palombo may now take their appeals to Britain’s Supreme Court.

March 27, 2024 1:39 pm CET
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