Norway’s $1.9 trillion pension fund has called for urgent reform of Europe’s capital markets. The fund will submit its official response to a European Commission consultation this week, warning that the continent could fall further behind the US and Asia in terms of competitiveness, the Financial Times reported. Norway’s government pension fund, also known as…
The European Central Bank forecasts that consumer prices in the eurozone will increase by 2% in 2025 and by 1.6% in 2026. The forecast was published after a meeting at which the European Central Bank cut rates by 25 basis points. Three months ago, the regulator predicted inflation of 2.3% in 2025 and 1.9% in…
Bulgaria is reportedly on track to join the Eurozone in 2026, which would see the nation adopt the euro as its official currency. This development, highlighted by the publication “Politico” citing unnamed sources, suggests a significant step in Bulgaria’s European integration. According to Politico, both the European Commission and the European Central Bank (ECB) are…
In 2024, the highest average incomes were enjoyed by residents of northern and western European countries. The gap with the countries at the bottom of the ranking is quite large. Gross earnings, which represent the amount of compensation before all deductions, may not be the most effective indicator for comparing European countries, as workers’ income…
Google, the search engine owned by Alphabet Inc., is being sued by dozens of websites across the European Union, according to a Bloomberg News review. The platforms are seeking a total of 12 billion euros in damages. The plaintiffs accuse Google of stealing users. The plaintiffs include price comparison platforms that help consumers find the…
Global banking giant HSBC Holdings Plc has announced a significant drop in its first-quarter earnings compared to the previous year. The London-based bank revealed a net profit of $7.57 billion for the first three months of the year. This figure represents a substantial 30% decrease from the $10.837 billion recorded during the same period in…
Last year, the number of initial asylum applications in EU countries decreased by 13% and amounted to 912,000 applications. Refugees from Syria were the most common asylum seekers in EU member states in 2024, with a total of 148,000 applications, which is 16% of the total. According to data presented by Eurostat, the highest number…
The euro is recording its fastest growth in 15 years, and investors are increasingly seeing it as an alternative to the US dollar amid growing global uncertainty. Bloomberg writes about this. The currency has risen to a three-year high and is approaching the $1.15 mark, and hedge funds and analysts are already talking about a…
UBS analysts have cut their eurozone GDP growth forecast for 2025 and 2026 due to the impact of US tariffs on European goods. The bank’s new forecast sees the eurozone economy grow by 0.5% in 2025 and 0.8% in 2026. Previously, GDP growth was expected to be 0.9% and 1.1%, respectively. UBS raised its 2027…
The number of new passenger cars registered in Germany fell by 3.9% in March compared to the same month last year to 253,497, the Federal Motor Transport Authority said in a report. Meanwhile, sales of petrol-powered cars fell by 29.4%, diesel by 21.7%, while registrations of electric cars rose by 35.5% and hybrids by 22.1%….
