europe-economy

SVB (Silicon Valley Bank), JP Morgan, Bank of America, Citibank and Wells Fargo logos are seen through broken glass in this illustration taken March 10, 2023. | Photo Credit: Reuters European bank shares tumbled on March 10 in the wake of…

Image for representation purpose only. | Photo Credit: AP The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the OECD said, adding that…

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European Central Bank faces the prospect of raising interest rates aggressively just as the economy enters a downturn European Central Bank faces the prospect of raising interest rates aggressively just as the economy enters a downturn…

By RAF CASERT - Associated Press BRUSSELS (AP) — Russia's war in Ukraine is expected to wreak havoc with the European Union's economic recovery for the foreseeable future with lower annual growth and…

AP AMSTERDAM (AP) — The European Central Bank said it would carry out its first interest rate increase in 11 years in July, followed by another hike in September.The bank made the surprise move…

AP BRUSSELS (AP) — Inflation hit a new record for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household finances and weigh on a…

BRUSSELS (AP) — Inflation hit a new record for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household finances and weigh on a slowing economic recovery from…

By The Associated Press The head of the European Central Bank could drop more hints Thursday about when the bank will start raising interest rates, with pressure increasing to follow the United States,…

The European Central Bank said Thursday that it will speed up ending its economic stimulus programs to…