euronews

Euro zone out of recession in Q3

Fri, 13 Nov 2009 20:53:58 +0100

The euro zone jumped out of recession in the third quarter, but the region's top three economies fell short of market forecasts. Gross domestic…

Rocky trade background to Obama China visit

Fri, 13 Nov 2009 20:53:22 +0100

Before arriving in China, Obama described the country as a "vital partner, as well as a competitor." He also warned of "enormous strains" in…

Tourism industry showing 'signs of life'

Thu, 12 Nov 2009 21:17:30 +0100

The travel industry is still under major pressure from the recession. This year's top gathering of professionals the World Travel Market in…

Chemical companies fined for cartel

Wed, 11 Nov 2009 21:20:37 +0100

The European Commission has issued fines totalling 173 million euros to 24 companies for their part in a cartel. They worked together fixing…

UK labour market improving

Wed, 11 Nov 2009 21:20:36 +0100

The number of Britons claiming jobless benefit in October rose by the smallest amount in 18 months. The latest official figures also show the…

Liechtenstein removed from tax haven watchlist

Wed, 11 Nov 2009 21:20:35 +0100

Liechtenstein has been taken off an international watchlist of tax havens after signing agreements to cooperate with foreign countries in tax…

Chinese factory output at 19-month high

Wed, 11 Nov 2009 21:20:38 +0100

Chinese factory output in October surged to its highest in just over a year and a half. That seems to show the world's third-largest economy…

Ecofin agrees on budget deficit moves

Tue, 10 Nov 2009 20:45:56 +0100

Finance ministers from the 27 European Union countries have agreed that moves to cut budget deficits following the economic crisis should start in…

French and Italian industrial output falls

Tue, 10 Nov 2009 20:45:56 +0100

Sharp falls in industrial output in France and Italy suggests difficulties ahead for the euro zone's still fragile economic recovery. French…

Top UK banks see bad debts fall

Tue, 10 Nov 2009 20:45:56 +0100

Reporting a lower third-quarter pretax profit of 1.7 billion euros, Barclays credited strong investment banking returns. Britain's…

German trade gap

Mon, 09 Nov 2009 21:33:59 +0100

German exports rose for the fourth time in five months in September, new official data shows. Adjusted for seasonal factors, exports were…

Brussels to move on budget deficits

Mon, 09 Nov 2009 21:33:59 +0100

The European Commission will reportedly propose this week that Germany, France and Spain should have until 2013 to cut their budget deficits below…

ECB keeps borrowing costs unchanged

Thu, 05 Nov 2009 19:52:22 +0100

The euro rose against the dollar after the European Central Bank left it main interest rate unchanged at a record low of one percent.…

Deutsche Telekom's earnings up

Thu, 05 Nov 2009 19:52:23 +0100

Deutsche Telekom has posted quarterly earnings before tax and interest of 5.5 billion euros - up 5.2 percent - and said it is sticking to its…

Fed commits to long-term low interest rates

Wed, 04 Nov 2009 21:52:45 +0100

The US economy may be on the up but the interest rates aren't. The Federal Reserve, the country's central bank, has decided to keep key rates close…

Marks and Spencer profits tonic for UK economy

Wed, 04 Nov 2009 21:15:30 +0100

Rising house prices and profits in some sectors are fuelling hopes of recovery in the UK economy. The prospect of better times is further…

Slowdown of global growth in wages

Tue, 03 Nov 2009 21:12:59 +0100

There may be signs of a possible economic recovery, but that is not yet noticeable in many paypackets around the world. The International…

Boost in euro zone manufacturing

Mon, 02 Nov 2009 21:15:49 +0100

There is further evidence the euro zone is bouncing back from its worst recession in decades. Last month the euro zone manufacturing sector…

Is the US finally free of recession?

Thu, 29 Oct 2009 19:22:56 +0100

American GDP rose by 3.5 percent in the third quarter of this year, ending a sorry series of four successive quarters of decline. The figures…

Oil giants report big profit losses

Thu, 29 Oct 2009 19:22:55 +0100

Profits were slashed at three major oil comanies as the industry raised doubts about the strength of the economic recovery. Exxon, the world's…

Russian interest rates cut again

Thu, 29 Oct 2009 19:22:56 +0100

Russia's central bank has again cut its key interest rate in a continued effort to get banks lending more. The refinancing rate has been reduced from…

Good news on German jobless rate

Thu, 29 Oct 2009 19:22:55 +0100

Germany's latest unemployment figures make for much more pleasant reading than had been expected. Economists had forecast that 20,000 more…

EU approves plans to split Northern Rock in two

Wed, 28 Oct 2009 19:11:32 +0100

The European Union has approved plans for nationalised bank Northern Rock to be split in two - paving the way for a partial sale. One business,…

Durable goods orders hint at an economic recovery

Wed, 28 Oct 2009 19:11:32 +0100

Durable goods orders in the US are hinting at an economic recovery. The demand for long lasting manufactured goods rose 1% in September. It's…

Norway first EU country to raise interest rates

Wed, 28 Oct 2009 19:11:32 +0100

Norway has become the first European country to raise its interest rates since the financial crisis bit hard a year ago. The country's central…

Tangiers builds the future at Tanger Med

Tue, 27 Oct 2009 18:06:19 +0100

Tanger Med, near Tangiers, Morocco, is the largest port in the Mediterranean. When completed in 2014 its capacity will be eight million containers.…

Consumer confidence gloomy in the US

Tue, 27 Oct 2009 18:06:18 +0100

Consumer confidence in the US is gloomy as people face the worst job market in a quarter of a century. The fall in the Consumer Confidence…

Consumer Mood in Europe Varied

Tue, 27 Oct 2009 18:06:19 +0100

The French consumer mood is improving despite the accelerating job cuts. Household confidence in the euro zone's second largest economy has…

OPEC may increase production targets in December as oil rises above $75 a barrel

Mon, 26 Oct 2009 18:18:46 +0100

The aim is to stop the rising prices threatening the recovering global economy. The Organization of Petroleum Exporting Countries / OPEC will…

Unemployment in France

Mon, 26 Oct 2009 18:17:53 +0100

Unemployment in France increased by 21,600 people in Septmber, which is a slight increase says the government. The total number of jobless…

South Korea's economy is growing at its fastest rate in 7 years

Mon, 26 Oct 2009 18:17:54 +0100

The 2.6% expanision may push the central bank to raise borrowing costs for this first time since the Lehman Brothers collapsed. The nation may…

Recession refuses to end in UK

Fri, 23 Oct 2009 21:06:21 +0200

New official figures show Britain's economy contracted in the third quarter of this year. That was completely at odds with what economists were…

Hopeful euro zone economic data

Fri, 23 Oct 2009 21:06:20 +0200

An array of upbeat euro zone economic data has bolstered hopes of a durable recovery in the region, but experts remained cautious. In October,…

Chinese Q3 growth fastest this year

Thu, 22 Oct 2009 20:56:04 +0200

As expected, China's economic growth picked up in the third quarter. GDP expanded by 8.9 percent from the same period in 2008. It was…

Foreign carmakers rare at Tokyo Motor Show

Wed, 21 Oct 2009 21:02:44 +0200

There is a slimmed down turnout at this year's Tokyo Motor Show with hardly any foreign car brands present. Most European carmakers prefer…

Peugeot and Fiat reveal less worse figures

Wed, 21 Oct 2009 21:02:43 +0200

Car sales are improving, but the question remains can that continue without government scrappage schemes? PSA Peugeot Citroen's revenues…

Ecofin looks to deficits and the dollar

Tue, 20 Oct 2009 21:01:04 +0200

European Central Bank chief Jean-Claude Trichet joined euro zone finance ministers at a meeting to decide when would be the best time to cut the…

Bank of America losses a billion

Fri, 16 Oct 2009 20:26:04 +0200

Bank of America has posted a quarterly loss for the second time in less than a year. This time it was one billion dollars (672 million euros).…

Euro zone inflation slips again

Thu, 15 Oct 2009 20:32:07 +0200

Cheaper energy and food pulled down euro zone consumer prices by 0.3 percent in September compared with the same month last year. Inflation…

German investor morale falls

Tue, 13 Oct 2009 20:44:31 +0200

German investors and financial analysts are more pessimistic about the future according to the latest survey by the ZEW economic think tank.…

Russia and China ink trade deals

Tue, 13 Oct 2009 20:44:31 +0200

A visit by Russian Prime Minister Vladimir Putin to China has seen the signing of trade deals worth 2.4 billion euros. However that is 1.4…

First female winner of Nobel economics prize

Mon, 12 Oct 2009 19:55:01 +0200

For the first time ever the Nobel Prize for Economics has been won by a woman. Professor Elinor Ostrom, from Indiana University, has been…

UK government outlines asset sales

Mon, 12 Oct 2009 19:55:01 +0200

UK Prime Minister Gordon Brown has confirmed the planned sale of British government assets worth 17 billion euros. They include its stake in…

Industrial output signals recession end

Fri, 09 Oct 2009 19:54:32 +0200

Two of the euro zone's largest economies - France and Italy - have announced surprise surges in industrial output during August. Combined with…

UK warned of big energy spend

Fri, 09 Oct 2009 19:54:32 +0200

Britain's energy regulator is warning as much as 217 billion euros will need to be spent there on replacing elderly power stations and other energy…

Oil demand 'to rise'

Fri, 09 Oct 2009 19:54:32 +0200

The International Energy Agency has become more upbeat about demand for oil. It has said that it now believes demand will recover at a faster…

ECB keeps rates at record low

Thu, 08 Oct 2009 20:17:32 +0200

Venice was the venue for this month's meeting of the European Central Bank's policymakers and there were no surprises from them. The benchmark…

UK interest rates unchanged

Thu, 08 Oct 2009 20:17:31 +0200

The Bank of England has left interest rates at a record low of 0.5 percent for the seventh straight month. At their latest meeting the central…

Surprise jump in Australian employment

Thu, 08 Oct 2009 20:17:31 +0200

Australian employment surged past all expectations and the jobless rate has dropped to 5.7 percent. Over 40,000 jobs were created in September…

US retail sales rise boosting holiday hopes

Thu, 08 Oct 2009 20:17:31 +0200

Could it be the return of the great US shopper? Retailers there have announced better than expected sales for September. Based on 30 of…

Euro zone GDP revised down

Wed, 07 Oct 2009 19:45:36 +0200

The euro zone economy shrank more than previously thought in the second quarter of this year. In revised calculations, the EU's statistical…

Gold still glittering

Wed, 07 Oct 2009 19:42:39 +0200

Gold prices continue to rise, hitting record highs on the spot and futures markets at one stage rising above $1,048 an ounce. Traders said…

IMF seeks more funds

Tue, 06 Oct 2009 19:25:43 +0200

At its meeting in Istanbul, Turkey, the International Monetary Fund has been working on its evolving role, in the wake of the near global financial…

Australia raises interest rates

Tue, 06 Oct 2009 19:25:43 +0200

Australia has become the first major developed nation to put up the cost of borrowing since the global economic crisis struck. The central…

Rio goes for Gobi gold

Tue, 06 Oct 2009 19:25:42 +0200

Australia's Rio Tinto is to go ahead with a multibillion euro plan to extract copper and gold from one of the world's biggest untapped deposits under…