Browsing: Europe

The European Central Bank is expected to stand pat Thursday and call for patience in the ongoing battle against inflation, pushing back against market hopes of rapid interest rate cuts.

Lithuanian Economy Minister Ausrine Armonaite has issued a call for citizens to finance the country’s defense industry, telling them to “invest in tanks” rather than keep hold of their savings.

BRUSSELS, January 17. /TASS/. The European Union member states “have given initial backing” to the idea of sending a naval mission defending ships in the Red Sea, the Reuters news agency reported citing own sources.

The German economy shrank by 0.3% year-on-year in 2023 after being hit by high inflation, soaring energy prices, and weak foreign demand, the Federal Statistical Office has reported.