Euro Zone

Meta accounts for 82% of fines under EU privacy laws, shows data

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

Euro zone banks return nearly $308 billion in cheap ECB funding

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

Why optimism on India's present does not extend much beyond visible horizon

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 to cut headcount for first time, slash budgets across teams

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

Euro zone's inflation at record 8.9% in July, highest since 1997

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

Euro up from two-week low, dollar drops ahead of euro zone price data

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

ECB to create new tool to address fragmentation risk in euro zone

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

India in a divided world: Keeping old friendships and cultivating new ones

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 19 nations using euro soars to record 7.5% in March

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 struggles to stay above $1.14 after Christine Lagarde comments

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

Euro climbs after European Central Bank's 'ground-breaking' hawkish turn

By Iain Withers

Euro dips slightly after 3-day rise ahead of European Central Bank meeting

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.

Strong earnings eclipse surging euro zone inflation for now

By Huw Jones

European Union set to unveil massive worldwide infrastructure plan

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

Euro-area inflation jumps to decade-high 3% in challenge for ECB

Consumer prices rose 3%

Confidence in Euro-area economy drops on supply squeeze, virus

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

Euro zone business growth at 15-year high as demand unleashed -PMI

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.

Euro zone yields stay near lows as European Central Bank keeps taps flowing

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

Euro zone bond markets calm as inflation surges past ECB target

The ECB next meets on June 10.

Factory activity racing across globe but supply squeeze dims outlook

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