Euro Zone

The fines seek to rectify wrongs committed, and caution firms that privacy breaches will not be taken lightly and non-compliance would incur the authorities' ire

The move is part of ECB efforts to fight record-high inflation in the euro zone by raising the cost of credit and it is its first step towards mopping up even more liquidity

Structural unemployment problem, social unrest, poor state of education and health care, and nutrition deficits among children - tomorrow's workforce - temper optimism on India, writes T Ninan

Meta will likely be smaller in 2023 than it was this year, he said.

Annual inflation in the eurozone's 19 countries rose to 8.9 per cent in July, an increase from 8.6 per cent in June

The dollar, which had been buoyed by safe-haven flows against the euro, last fell 0.305% to 104.720

ECB had an unscheduled, emergency meeting earlier on Wednesday to address higher borrowing costs for many European govts

The question for India, as a middle or swing power with long-term external dependencies for energy and military hardware, is how to not let old friendships come in the way of new ones, notes T N Ninan

Inflation in the eurozone has been setting records for months and is at its highest level since recordkeeping for the euro began in 1997

Euro weakened for a second consecutive day on Tuesday after European Central Bank President Christine Lagarde said there is no need for big monetary policy tightening in the euro zone

By Iain Withers

The euro was marginally weaker at $1.1296, after rising around 2% in the last three sessions on expectations of a hawkish shift from the ECB.

By Huw Jones

The program is expected to mobilize up to 300 billion euros (USD 341 billion) in public and private funds by 2027

Consumer prices rose 3%

The Bundesbank, Germany's central bank, has already warned that economic growth this year may be somewhat lower than the 3.7% it had forecast in June

When the coronavirus was spreading rapidly, governments imposed strict restrictions, encouraging citizens to stay at home and forcing much of the service industry to close.

German 10-year yields hover near six-week lows; Italy-Germany spread near tightest level in a month

The ECB next meets on June 10.

European manufacturers ramped up activity at the fastest monthly pace in PMI survey history but a spike in COVID-19 infections in some countries continued to disrupt supply chains