Browsing: Business

EuroWire, PARIS: Global electricity demand is set to rise sharply through 2030, the International Energy Agency said, projecting average annual growth of more than 3.5% and calling for a major increase in investment in power grids to keep pace with

EuroWire, BRUSSELS: The European Central Bank on Thursday left its key interest rates unchanged, maintaining its deposit facility rate at 2 percent as eurozone economic activity continued to show steady growth despite persistent global pressures. The decision followed a meeting

EuroWire, ROME: Italy’s annual inflation rate slowed to 1.0% in January from 1.2% in December, according to provisional data released by national statistics office Istat. On a monthly basis, consumer prices for the whole nation index excluding tobacco rose 0.4%.

EuroWire, LONDON: The Bank of England kept its key interest rate unchanged at 3.75% on Thursday, opting for caution as inflation eases but remains above the central bank’s 2% target. The Monetary Policy Committee voted 5 to 4 to maintain

EuroWire, LONDON: UK house prices rose in January as easing borrowing costs and steady income growth improved affordability for many buyers, according to the Nationwide House Price Index. Nationwide said prices increased 0.3% in January from December on a seasonally

EuroWire, LONDON: UK inflation rose in December, a rebound that keeps consumer price growth above the Bank of England’s 2% target as policymakers prepare for their next interest rate decision. Official data showed the Consumer Prices Index increased 3.4% in

EuroWire, NEW YORK: Gold and silver prices tumbled in a sharp, disorderly selloff that erased an estimated $7 trillion in notional value across precious metals, after a record-setting rally gave way to forced liquidations, margin pressures, and a stronger U.S.

EuroWire, NEW YORK: Gold and silver prices suffered historic one day losses on Friday after U.S. President Donald Trump said he would nominate Kevin Warsh to lead the Federal Reserve. The most active silver futures sank 31.4% to settle at

EuroWire, NEW YORK: United Nations Secretary-General António Guterres cited the newly concluded European Union trade agreement with India as he underscored the need to support a multipolar global order grounded in multilateral cooperation, according to remarks delivered at his annual

EuroWire, NEW DELHI: European companies in India are accelerating expansion plans following the conclusion of the India European Union Free Trade Agreement, with a new business survey showing broad expectations of higher investment, larger local footprints and increased hiring tied