The International Monetary Fund (IMF) has raised its growth forecast for the global economy, signaling increased positivity despite China’s slowing momentum. In its latest update to the World Economic Outlook, the IMF revised its 2023 global growth prediction to 3%, up by 0.2 percentage points from its April assessment of 2.8%. The forecast for 2024 …
On July 23, 2023, voters in Spain headed to the polls at the historical building of Universitat de Barcelona to cast their votes and elect Spain’s next government. According to exit polls, Spain’s conservative party PP [Partido Popular] is poised to lead negotiations in forming a new government in Madrid, potentially signaling an end to …
A banner displaying an image of Alberto Nuñez Feijoo, leader of the PP Party. Spanish voters will head to the polls on July 23 to cast their votes and determine Spain’s next government. Pablo Blazquez Dominguez | Getty Images News | Getty Images Spain’s voters are participating in an election on Sunday that may lead …
European Commission Executive Vice-President, Margrethe Vestager. Jean-Francois Badias | AFP | Getty Images An American citizen and Yale professor, Fiona Scott Morton, made the decision to decline a prominent position within the European Union (EU) due to significant backlash from politicians within the bloc. Scott Morton had been nominated to serve as the chief competition …
Ukrainian President Volodomyr Zelenskyy and U.S. President Joe Biden. Sean Gallup | Getty Images News | Getty Images NATO and Ukraine experienced their first public clash this week. During a gathering of all 31 NATO members in Vilnius, Lithuania, there were evident tensions between Kyiv and the military alliance. Ukrainian leader Volodomyr Zelenskyy went as …
Christine Lagarde, president of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty Images European Central Bank President Christine Lagarde expressed her view on Tuesday that inflation remains high and it is premature for her organization to declare victory over rising consumer prices. Speaking at the Sintra central banking event in Portugal, Lagarde stated, …
Gita Gopinath, the esteemed first deputy managing director of the International Monetary Fund (IMF), recently shared her insights during an interview with CNBC at the ECB Forum in Portugal. In her discussion, Gopinath emphasized that major central banks should maintain higher interest rates for a longer period than anticipated by some investors. Gopinath acknowledged the …
LONDON — European Commission President Ursula von der Leyen stated that a cease-fire in Ukraine is insufficient, emphasizing the need for lasting peace in the region, in an interview with CNBC. Von der Leyen expressed concerns about a cease-fire leading to a “frozen conflict” and emphasized the importance of avoiding further flare-ups. Furthermore, von der …
Business activity growth in Europe experienced a slowdown in June, indicating a challenging end to the second quarter, according to preliminary data released on Friday. The flash composite Purchasing Managers’ Index (PMI) for the euro zone dropped to 50.3 in June from 52.8 in the previous month, falling below analysts’ expected level of 52.5. A …
China’s Premier Li Qiang waves as he walks back with German Chancellor Olaf Scholz. John Macdougall | Afp | Getty Images Europe is currently devising a fresh approach to its relationship with China, but officials in the region are concerned about potential retaliation if they mishandle the situation. There has been increasing momentum behind the …