The European Central Bank raises interest rates by a quarter percentage point and predicts that inflation will remain 'too high for too long'

The European Central Bank announced a new quarter-point rate increase on Thursday, bringing its key rate to 3.75 percent.

The most recent action concludes a full year of consecutive rate increases in the euro zone, which the ECB began in July to combat high inflation.

"In...

Germany discusses siestas while Europe struggles with increasing temperatures.

Germany is debating the necessity of siestas as a European heatwave raises temperatures and generates dire health warnings.

As record-breaking temperatures are recorded across southern Europe, concerns of death and heart attacks are growing.

Bavaria recorded the country's ...

15 Italian cities have received red alerts due to the heat wave in Europe

As the excessive heat continues to afflict southern Europe, red alerts have been issued for 15 towns around Italy.

The warnings, which point out risks even for healthy persons, are applicable for the upcoming days to popular tourist destinations including Rome, Florence, and Bologna.

Europe is having trouble getting enough water before another summer of drought.

European leaders are working hard to solve a growing water problem before what researchers fear could be another summer of drought caused by the climate crisis.

Due to the worsening climate crisis, Europe is running out of water. This is clear in the rivers and ski slopes, which have be...

European equities end higher on the U.S. debt ceiling agreement; Swedish real estate giant SBB gains 30%.

After U.S. lawmakers enacted a bill to extend the debt ceiling and cap government spending for two years just days before the deadline to avoid default, European financial markets ended the day higher on Friday.

The Stoxx 600 index finished with a gain of 1.5% after Wednesday's two-...

In a recessionary Germany, Berlin prepares for a conflict over budget cuts

The largest economy in Europe is experiencing financial difficulties for the first time in nearly a decade, and it is up to three contending parties to resolve them.

Official data released on Thursday revealed that Germany has officially entered a recession, with economic output falling...

Germany is in a slump, so Berlin is getting ready for a fight over budget cuts.

For the first time in almost a decade, Europe's biggest economy has money problems, and it's up to three fighting parties to fix them.

Official numbers released Thursday show that Germany is now in a recession. During the first quarter of the year, the country's gross domest...

Macron of France and Juncker of the European Union have asked China to mediate the conflict in Ukraine.

On Thursday, two of Europe's most powerful political figures met with Chinese President Xi Jinping, at a time when relations between the European Union and China are at a critical juncture.

During trilateral and bilateral meetings following a military parade, French President Emmanu...

After a surprising cut by OPEC and allies, European markets end the day lower, while oil and gas stocks rise by 4 percent.

Monday's slight decline across Europe's stock markets came as investors focused on the oil market in the wake of a surprise production cut by the OPEC+ alliance.

After being flat for most of the afternoon, the pan-European Stoxx 600 index ended up 0.1%.

Brent crude fut...

Widening chasm in 'excess deaths' between Europe and the US

The United States has significantly higher death rates than five similarly high-income European countries, with the exception of the oldest age group, according to new research from the University of California, Los Angeles (UCLA).

Patrick Heuveline, a sociologist at UCLA, conducted a s...

Pandora's Box: Europe mulls new ties with China

If Chinese President Xi Jinping chooses to "befriend a war criminal," then "it is our duty to get very serious about China," Gabrielius Landsbergis, the foreign minister of Lithuania, told German broadcaster DW. Landsbergis was responding to a question about the three-day visi...

Dollar gains ground as attention shifts to inflation in Europe

Following unfavorable surprises in Germany, France, and Spain that gave the euro a boost this week, the dollar took a breather in Asia on Thursday, stabilizing as U.S. yields increased and investors awaited European inflation data. The dollar's 0.9% loss against the euro on Wednesday was the ...

In joining the US subsidy race, Europe risks ushering in a new era of protectionism.

Joe Biden's clean technology law has dragged the European Union into a subsidy battle that might spark a transatlantic trade war, just as the allies are banding together to counter Russia's invasion of Ukraine. The EU has consistently maintained the global rules-based system, even as the ...

After Powell's remarks, European stocks hit a nine-month high, as the dollar wobbles.

On Wednesday, global stocks soared and most currencies rallied against the dollar as investors perceived a dovish tone in comments from Federal Reserve Chair Jerome Powell, albeit an ECB policy change meant European bonds sat out the rally. MSCI's world stock index increased 0.3%, returning t...

Europe risks ushering in a new era of protectionism by joining the US subsidy race.

Joe Biden's clean technology law has drawn the European Union into a subsidy battle that might spark a transatlantic trade war, just as the allies are banding together to counter Russia's invasion of Ukraine. Even as the US has grown increasingly antagonistic to the limits imposed by the ...

The final day of RC72 saw historic agreements and record attendance

The 72nd session of the Regional Committee for Europe (RC72), which included a record number of ministers, nongovernmental organization representatives, youth delegates, and international partners, concluded today after three days of discussions and deliberations that will further shape the work ...

Borrowing more money to compete with the United States, according to Germany, would constitute a threat to Europe

If Europe takes on additional debt to match U.S. green subsidies, Germany warns, the continent's competitiveness would suffer. When it comes to the U.S. Inflation Reduction Act (IRA), the European Union has been quite loud about its worries, claiming that the act's subsidies for North Ame...

High precision time protocols, originally designed for Europe's Big Science, guarantee honest financial transactions

It was European scientists who, more than a decade ago, developed extremely precise network time distribution procedures for CERN. Numerous sectors, including banking, have recently begun using them. John Fischer, Oralia’s v. p. of advanced research, holds his hands approximately 30 centime...

What to anticipate from France's technology industry in 2022

France is rapidly becoming one of Europe's most important digital hubs, with a thriving ecosystem that has been expanding rapidly in recent years. The country has all the makings of a major player on the international startup. There were numerous noteworthy achievements and encouraging develo...

Scholz has given Germany a new position in Europe. Here's how it appears a year later

If his first year in office is any indication, Olaf Scholz has taken on Angela Merkel's mantle of "crisis chancellor."

War broke out on European territory only two months into his presidency, and the current debate over how much military and financial help the European Uni...