Euro zone business activity took a surprisingly sharp turn for the worse this month as the bloc's dominant services industry contracted and manufacturing sank deeper into recession, a survey showed on Friday.

European Central Bank policy will develop regardless of what happens at the Federal Reserve, according to Governing Council member Francois Villeroy de Galhau.

Germany’s economy expanded less than initially reported in the third quarter, another piece of bad news as the country heads for early elections.

Germany’s economy expanded less than initially reported in the third quarter, another piece of bad news as the country heads for early elections.

Europe should pool its resources in areas like defense and climate as its productivity growth falters and the world fragments into rival blocs, European Central Bank President Christine Lagarde said.

Private-sector business activity in France plunged at the quickest rate since the start of the year as political and geopolitical uncertainties drove an unexpected slump in the services sector.

Nach mehr als 30 Stunden Verlängerung ist die Weltklimakonferenz (COP29) in Aserbaidschan mit einem hart erkämpften Kompromiss zu Ende gegangen. Umweltschutzorganisationen reagieren mit scharfer Kritik, aber auch mit Ernüchterung auf das Ergebnis von Baku. Die Rede ist von einem Tropfen auf den heißen Stein und von einem Rückschlag für die Entwicklung der neuen nationalen Klimaziele – die COP29 habe immerhin das Mögliche erreicht, wie es mit Verweis auf eine schwierige weltpolitische Lage heißt.

European Central Bank President Christine Lagarde said Europe’s continuing struggle to innovate and the souring geopolitical backdrop make it even more imperative to unite its capital markets.

Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” while expressing confidence inflation is easing toward the central bank’s objective alongside a solid labor market.

After three decades of growing trade between China and the West that reshaped the global economy, leaders and businesses in Washington, Brussels and elsewhere are looking to pull back. They worry that China’s dominant role as the workshop of the world has created gaping imbalances and unhealthy dependencies, and harmed their ability to compete in industries created by or transitioning to a low-carbon economy. “Decoupling” was how politicos and pundits initially described the solution, suggesting

European Central Bank monetary policy must remain restrictive given lingering inflation risks, according to Governing Council member Robert Holzmann.

Europe will see economic activity weaken if the US imposes tariffs, according to European Central Bank Governing Council member Yannis Stournaras.

A draft COP29 deal to scale up international climate finance to at least $1 trillion angered delegates on all sides over a lack of detail about where the money would come from.

Some European Union member states want the bloc to engage more urgently with Donald Trump’s transition team as they hope to stave off disruption and worsening tensions with its largest trading partner.

In the weeks leading up to the US presidential election, one of the United Arab Emirates’ most influential royals met with Elon Musk. Days after the results were clear, the head of Saudi Arabia’s Public Investment Fund was pictured alongside Donald Trump and the Tesla Inc. chief who helped put him in the White House.

Mit einem Nächtigungsplus zum Abschluss im Oktober ist das erwartete leichte Minus für die Sommersaison in Tirol leicht verringert worden. In der Endabrechnung gingen die Gästeübernachtungen von Mai bis Ende Oktober um 0,3 Prozent zurück. Die Tirol Werbung spricht von einem „ausgeglichenen Ergebnis“ – gemessen am Spitzensommer 2023.

Federal Reserve Bank of Boston President Susan Collins said more interest-rate cuts are needed, but policymakers should proceed carefully to avoid moving too quickly or too slowly.

Before Donald Trump’s election, Redfin Corp. projected mortgage rates would average 6.1% next year. But three days after the election, they revised their estimate upward to 6.8% – basically unchanged from today’s high levels.

Before Donald Trump’s election, Redfin Corp. projected mortgage rates would average 6.1% next year. But three days after the election, they revised their estimate upward to 6.8% – basically unchanged from today’s high levels.

The European Central Bank should lower borrowing costs at each meeting until it reaches a level that neither restricts nor stimulates economic activity, according to Governing Council member Yannis Stournaras.

The euro zone is on the cusp of sustainably reaching 2% inflation, putting the onus on officials to avoid undershooting that goal, according to European Central Bank Governing Council member Yannis Stournaras.

Car sales in Europe are flatlining, leading manufacturers including Ford Motor Co. and Volkswagen AG to push for cost cuts in response to muted demand.

Federal Reserve Governor Lisa Cook said it will likely be appropriate for the central bank to cut interest rates toward a more neutral stance over time, citing inflation progress and a solid labor market.

Confidence among US homebuilders advanced to a seven-month high in November on a jump in sales expectations and optimism a Trump administration will ease regulatory burdens.