Winter not over, but Europe braces for the next one
Europe has weathered the energy crisis that followed Russia's invasion of Ukraine so far, but businesses and households are already thinking about how to get through the next winter.
Prices soaring everywhere: how inflation affects the price of everyday products
Inflation jumped after countries emerged from Covid lockdowns and it has soared since Russia invaded Ukraine, with the IMF expecting consumer prices to rise by 8.3 percent globally this year.
‘Going big’: ECB’s new crisis tool to ease bond stress
The ECB has unveiled a new crisis-fighting tool to counter an "unwarranted" jump in borrowing costs for more indebted eurozone governments as it hikes its interest rates for the first time in over a decade.
Nord Stream 1: Russian pipeline leaving Europe on edge
For over a decade, the Nord Stream 1 pipeline reliably shipped natural gas from Russia to Europe -- until the war in Ukraine sent tensions soaring.
Winners and losers of the ECB’s rate hike
The European Central Bank is set to turn the page on years of easy money when it begins to hike its interest rates to tame runaway inflation. Who wins and loses when borrowing costs go up?
ECB goes on offensive as inflation pressure mounts
The European Central Bank will raise its interest rates on Thursday for the first time in over a decade, but the bank is already under pressure to do more amid record inflation.
The consequences of the euro’s fall against the dollar
The euro fell below $1.01 this week to its lowest level in 20 years. Here are the concrete consequences of the decline in the value of the single European currency.
How long will it take to get over the inflation hump?
Inflation has surged back to levels not seen in many developed economies since the 1970s and 1980s. Economists and central bankers at the European Cental Bank's conference in Portugal warn it will take time before price rises cool.
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