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Business
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Economy
9/25/2023 7:03:47 PM
The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong” in the 20 countries that use the euro currency.
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Business
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Economy
8/29/2023 7:03:07 PM
Chancellor Olaf Scholz's government on Tuesday agreed a huge tax relief programme for companies in a bid to revive Germany's sputtering economy.
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Business
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Economy
6/15/2023 4:52:23 PM
The European Central Bank on Thursday said eurozone inflation was still too elevated as it hiked interest rates for an eighth consecutive time to a two-decade high, despite a darkening economic outlook.
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Business
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Economy
6/12/2023 10:56:39 AM
The European Central Bank will almost certainly deliver another interest rate hike on Thursday, pressing ahead with its fight against inflation even as the eurozone slides into a recession.
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Business
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Economy
6/8/2023 1:15:49 PM
The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed Thursday.
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Business
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Economy
5/31/2023 2:50:15 PM
Easing inflation in key eurozone economies such as France and Spain is "positive" news, a senior European Central Bank official said Wednesday, but stressed it was too soon to declare victory.
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Business
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Economy
4/25/2023 10:16:44 AM
The European Central Bank's chief economist on Tuesday said it was 'not the right time' to end interest rate hikes, despite easing inflation in the eurozone.
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Business
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Economy
3/31/2023 7:42:06 PM
Inflation in the 20 countries that use the euro currency slowed to the lowest level in a year as energy prices dropped, but food costs were still on the rise, keeping pressure on the European Central Bank to hike interest rates further.
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Business
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Economy
3/30/2023 3:14:16 PM
Inflation slowed in Germany and Spain in March as energy prices fell, official data showed Thursday, adding to hopes that the eurozone was past the worst of the price increases.
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Business
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Economy
3/22/2023 1:38:40 PM
Recent financial turbulence could add to "downside risks" in the eurozone, European Central Bank chief Christine Lagarde warned Wednesday, while insisting policymakers remained focused on taming sky-high inflation.
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Business
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Economy
3/16/2023 4:03:12 PM
The European Central Bank on Thursday increased its projection for eurozone GDP growth this year to 1.0 percent due to falling energy prices and greater "resilience to the challenging international environment".
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Business
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Economy
3/8/2023 2:27:50 PM
European Central Bank (ECB) president Christine Lagarde said Wednesday she will do whatever it takes to bring down high inflation and restore price stability.
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Business
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Economy
3/2/2023 2:50:33 PM
Surging food costs dashed hopes of a steeper fall in the eurozone's annual inflation rate in February.
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World
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International
2/8/2023 6:23:56 PM
Europe's stock markets rose but Wall Street opened lower on Wednesday as investors digested President Joe Biden's calls for tax hikes and the latest interest rate signals from US Federal Reserve chief Jerome Powell.
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Business
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Economy
1/24/2023 4:20:19 PM
The eurozone economy grew in January for the first time in six months, a closely watched survey showed Tuesday, raising hopes that Europe will avoid a recession this winter.
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Business
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Economy
1/6/2023 2:48:50 PM
The eurozone annual inflation rate fell for a second month in a row, to 9.2 percent in December, the first drop into single digits since September, the EU statistics agency said Friday.
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Business
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Markets & Companies
1/5/2023 6:35:20 PM
Eurozone and US stocks fell Thursday as US jobs data added to concerns the Federal Reserve will push on with hikes in US interest rates to fight decades-high inflation.
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Business
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Economy
11/30/2022 1:08:29 PM
The Eurozone annual inflation rate slowed to 10 percent in November, falling for the first fall in 17 months, the EU statistics agency said Wednesday.
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Business
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Economy
11/18/2022 3:13:10 PM
Eurozone banks are set to pay back on Friday just under 300 billion euros ($311 billion) in cheap loans paid out by the European Central Bank, the institution said, as it looks to ease sky-high inflation.
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Business
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Economy
11/11/2022 3:20:36 PM
The EU warned Friday the eurozone was set to fall into recession this winter as Brussels hiked inflation forecasts for 2022 and 2023 on the back of high energy prices.
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