euronews

Euro zone trade sputters

Fri, 17 Jul 2009 21:03:42 +0200

Euro zone exports and imports both tumbled in May. New figures from the EU statistics office show there was a trade surplus as imports…

BoA and Citi remain under pressure

Fri, 17 Jul 2009 21:03:42 +0200

Top US banks continue to struggle. The largest, Bank of America, has just posted lower earnings. Second-quarter net income fell 25 percent to…

Chinese GDP growth picking up

Thu, 16 Jul 2009 21:14:50 +0200

Economic growth in China was surprisingly strong in the second quarter. GDP accelerated by 7.9 percent compared with the same period last year and…

Mobile phone woes continue

Thu, 16 Jul 2009 21:14:50 +0200

The world's number one mobile phone maker Nokia has cut its profit forecast for the second half of this year and lowered its prediction for market…

UK jobless rates at 12 year high

Wed, 15 Jul 2009 21:01:08 +0200

The recession continues to take a major toll on British workers. The unemployment rate for the three months up to May hit its highest in 12…

Euro zone inflation falls

Wed, 15 Jul 2009 21:01:08 +0200

A steep drop in fuel costs drove down inflation in the euro zone in June compared with the same month last year. But consumer prices continued…

European car sales finally climb

Wed, 15 Jul 2009 21:01:08 +0200

European car sales rose in June their first increase in fourteen months. They were up 2.4 percent year-on-year with nearly 1,462,000 vehicles…

Goldman Sachs profit jumps

Tue, 14 Jul 2009 19:59:04 +0200

Just nine months after the US banking system was in meltdown, Wall Street's biggest surviving securities firm Goldman Sachs has announced an…

Praise the Lord: Singapore's GDP soars

Tue, 14 Jul 2009 19:59:04 +0200

Could it be a sign from the East? Singapore - the first Asian economy to report GDP data for the period from April to June - has roared out of…

UK inflation falls further

Tue, 14 Jul 2009 19:59:05 +0200

Inflation in British has fallen below the Bank of England's two percent target for the first time in almost two years. Consumer prices rose…

German investors lose confidence

Tue, 14 Jul 2009 19:59:05 +0200

German investor confidence fell in July for the first time in nine months. The ZEW economic think tank's monthly index of economic sentiment…

French car scrappage scheme to end

Mon, 13 Jul 2009 20:54:00 +0200

The French government is planning to gradually phase out its scheme to help carmakers through the economic downturn by encouraging drivers to trade…

Crude prices weaken

Mon, 13 Jul 2009 20:54:00 +0200

One year after hitting $147.50 a barrel, oil prices remain weak near a seven-week low. That is due to concerns about the state of the global…

UK factory production falls in May

Tue, 07 Jul 2009 19:45:11 +0200

UK factory production fell unexpectedly in May for the first time in three months, prompting fears the British economy is still mired in recession.…

Ecofin debates recession exit strategy

Tue, 07 Jul 2009 19:45:11 +0200

Europe's finance ministers have poured some cold water on the idea that the world is pulling out of recession. Meeting in Brussels, they said it is…

Banks told lend more money

Mon, 06 Jul 2009 18:48:05 +0200

World economic leaders are telling the commercial banks to must lend more. They say that is the best way to revive the economy which has been…

German bad banks plan approved in Budesrat

Fri, 03 Jul 2009 19:51:14 +0200

Germany's lower house of parliament today approved the country's "bad banks" plan in a bid to end the worst German recession since the second world…

Eurozone still struggles with recession

Fri, 03 Jul 2009 19:51:15 +0200

We are into 2009's second half but the economic figures show there is still no reliable sign of recovery in Europe. After two months of…

Trichet talks to euronews

Fri, 03 Jul 2009 19:51:15 +0200

With Wall Street on a fourth of July holiday weekend it was up to Europe to cap the week on the markets, and they closed with a whimper, down…

Partners agree on Nabucco treaty

Fri, 03 Jul 2009 19:51:14 +0200

The intergovernmental treaty backing the Nabucco natural gas pipeline from the Caspian sea to Europe will be signed in Ankara on July 12th. The…

Spanish recession deepens

Fri, 03 Jul 2009 19:51:15 +0200

May industrial output figures for Spain look grim, with a deeper-than-forecast 20.5 percent drop year on year. It is the 13th straight month of…

Bad news on the European job front

Thu, 02 Jul 2009 19:43:06 +0200

The unemployment rate in the 16-nation Eurozone has hit its highest level since the euro currency was introduced ten years ago. That is to say 9.5…

US hit by dismal jobless figures

Thu, 02 Jul 2009 19:43:06 +0200

Another 467,000 Americans were laid off in June, many more than had been feared. The figures came in a Labor Department report that immediately had…

Eurozone interest rate stays put as expected.

Thu, 02 Jul 2009 19:43:07 +0200

The European Central Bank has kept its interest rates at the current record low of one percent. The Governing Council was in Luxembourg for one…

German car sales hit record high

Thu, 02 Jul 2009 19:43:06 +0200

Germans bought more cars in the first half of 2009 than ever before. Nearly 2.06 million new vehicles were sold, a jump of 26 percent on the same…