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Economy

Mixed fortunes as three European economies reveal post-Ukraine invasion GDP

It's good news for some and bad for others as France, Italy and Switzerland published GDP growth figures today.

Europe News

Huge growth cuts and soaring inflation: EU makes economic forecast

Brussels has been giving its economic forecast today.

Economy

Eurozone growth slows down hit by impact of Ukraine war and pandemic

Spain and Germany saw their economies grow by 0.3% and 0.2% respectively in the first three months of the year, quarter-on-quarter -- far smaller than previously projected. France stagnated (0%) and Italy fell (-0.2%).

France

France's economy unexpectedly grinds to a halt in first quarter

The latest growth and inflation figures put the economy firmly at the heart of the next government's priorities following President Macron's re-election.

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China

China's birth rate drops to a record low

Changes to the strict "one-child policy" since 2016 have failed to result in a hoped-for baby boom

Economy

IMF issues austerity warning to Europe

International Monetary Fund managing director Kristalina Georgieva praises EU's recovery efforts and warns against "the suffocating force of austerity".

Money

Why is Turkey's currency crashing and what impact is it having?

Turkey's currency is at an all-time low, as citizens rush to convert their savings. The fall-out of all this could make things difficult for President Erdogan.

Economy

European economic recovery: IMF outlook shows gradual growth

With an increase in vaccination rates, more mobility, and support schemes, Europe's economic recovery is growing stronger despite uncertainty, according to the International Monetary Fund (IMF).

Culture news

Wine leads the way out of tourism slump for Portugal, Greece and Italy

The United Nations World Tourism Organization (UNWTO) held the fifth global wine tourism conference in Portugal. Food and wine may be the solution to increased numbers of visitors, even in a pandemic year.

Economy

Europe's economy bounces back from a double-dip recession

EU countries emerged from a double-dip recession in the second quarter with a growth of 1.9% more than the quarter before, according to figures released by Eurostat

Europe News

Ex-owners of Italian steelworks jailed over deadly factory pollution

The former owners of Ilva steelworks, Fabio and Nicola Riva, were handed 22 and 20 years in jail respectively for allowing their Taranto-based factory to emit deadly pollution.

Economy

Economists revise eurozone growth downwards amid second COVID wave

Lockdowns and pandemic-related restrictions were likely to slow down Europe's economic recovery as the ECB cut its predicts for 2021 and beyond.

Green News

Tackling air pollution could boost the UK economy by €1.78bn a year

Research from the Clean Air Fund and CBI says cleaner air would leave Brits healthier and wealthier.

Germany

Coronavirus causes record plunge in Germany's GDP

This is the largest fall since the beginning of quarterly GDP calculations by the country in 1970

World News

Coronavirus: China becomes first economy to grow since pandemic began

China becomes first economy to grow since virus pandemic after its worst period of economic decline since the 1960s.

Business

COVID-19 spread prompts Federal Reserve to slash rates

The Federal Reserve cut its benchmark interest rate by a half-percentage point in an effort to boost the economy in the face of the spreading coronavirus.

Economy

German economy stagnates as eurozone growth reaches 7-year low

Germany, Europe’s largest economy, has recorded a zero growth between October and December, as manufacturing remained in a slump and exports fell.

World News

ECB's Lagarde warns coronavirus is fueling economic uncertainty

ECB's Chief Christine Lagarde says the coronavirus "adds a new layer of uncertainty" in an already fragile global economy

Real Economy

Eurozone economy slows amid trade tensions and uncertainty

In partnership with The European Commission

A new series of 'Real Economy' looks at some of the reasons why the forecast is gloomy and how opportunities can turn the tide.

Partner content

Business opportunities expanding for Dubai in Africa

Partner content presented by Department of Tourism and Commerce Marketing Dubai

In this month's Business Line programme, we look at the Global Business Forum on Africa. In its fifth edition, the two-day event explores the challenges and opportunities associated with doing business in Africa with many companies looking to the continent as the next big investment frontier.