ECB gears up for ‘series’ of rate hikes to fight inflation
The European Central Bank has ended its bond-buying stimulus and unveiled plans for a series of interest rate hikes from July, the first in more than a decade, to combat soaring inflation
Ukraine war sparking turmoil for world economy: EBRD
The Ukraine war has major economic consequences for energy, food, inflation and poverty, according to the European Bank for Reconstruction and Development. The EBRD's chief economist spoke to AFP about the fallout from Russia's invasion
Tension in Spain over use of EU recovery funds
The Spanish government is increasingly under fire over its use of the EU's massive economic recovery funds, with critics blasting the distribution of aid as too slow and arbitrary
‘No path ahead but the sea’: Lebanese join migrant flow to EU
If he wasn't making good money smuggling irregular migrants to the EU by sea, Ibrahim himself might have joined the growing exodus from Lebanon
UK finance reigns in Europe despite Brexit fallout
One year after Britain's formal exit from the European Union, London's powerful City financial sector still reigns on the continent despite losing key business and bankers to rival hubs
Omicron: Mild or severe impact on the global economy?
After limping its way back from the Covid pandemic last year, the global economic recovery has been rattled by the Omicron variant's rapid rise
Two decades on, euro can’t shake reputation as price driver
Europeans have been living with the euro for 20 years now, but many still point the finger at the single currency for covertly driving up consumer prices -- despite plenty of evidence to the contrary
Five surprising things to know about the euro
Do one and two-cent coins have a future? Can you still exchange Estonian kroons? Here are some lesser-known facts about the euro, which entered circulation 20 years ago in January
20 years on, dreams of euro rivalling dollar persist
Will the euro ever challenge the dollar's global dominance? Europe's single currency will soon celebrate its 20th birthday but it needs a eurobond if it truly wants to rival the greenback, analysts say
Should we really worry about inflation?
Whether it is the heating bill, filling the car or buying basic foodstuffs, inflation is eating into family budgets. Why are prices rising? When will it end and how can central banks bring inflation under control?