Browsing: Business

ECB keeps rates unchanged at 2% as inflation nears target and eurozone growth remains stable amid global challenges.

EU pasta output reached 6 million tonnes in 2024, valued at €9.1 billion, with Italy producing 69 percent and leading both production and exports.

Russia sets a 66 percent increase target for non-energy exports by 2031, focusing on trade diversification across Asia, Africa, and Latin America.

Belgium’s government ended budget talks without a 2026 deal as Prime Minister Bart De Wever’s coalition failed to agree on €10 billion in savings.

Gold now accounts for 20% of official reserves worldwide, overtaking the euro and strengthening its role as a key asset in central bank portfolios.

Euro area annual inflation rose to 2.2% in September 2025, driven by services and food prices, marking a shift after two months of stable consumer prices.

Nestlé to cut 16000 jobs globally over two years in major restructuring aimed at operational efficiency following leadership transition and cost review.

ECB President Lagarde says Europe is seeing momentum toward less regulation, calling for streamlined rules while preserving financial system safeguards.

The Dutch government has seized control of China‑owned chipmaker Nexperia citing governance failures and urgent security concerns.

Lloyds Banking Group increases car finance redress to £1.95bn as FCA prepares a major compensation scheme for UK drivers.