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Eurozone

Britain’s GDP growth outpaces eurozone

LONDON: Britain’s economy picked up speed to outpace the eurozone in the second quarter despite mounting concerns over Brexit, official data showed on Friday, helped partly by sunny weather and the World Cup football tournament. Gross…

Eurozone growth slows as trade tensions persist

BRUSSELS: Economic growth in the eurozone slowed in the second quarter, official data has shown, feeding concerns that global trade tensions fuelled by Washington may be hurting Europe’s economy. Major economic institutions — including…

Eurozone economy growth hits highest in decade

Growth in the eurozone shot up in 2017, putting Europe at the centre of a global recovery and on par with levels last seen before the financial crisis a decade ago, official data said Tuesday. Europe's economic recovery roared on despite…

Estonia to open world’s first virtual data embassy

TALLINN: Cyber-savvy Estonia has taken yet another step forward in global technology, as the small Baltic state is set to open the world's first data embassy in Luxembourg early next year. The heavily protected server room will contain…

Eurozone growth at highest pace in six years: survey

BRUSSELS: The eurozone economy grew at its fastest pace in six years in February, as all signs pointed to the recovery maintaining "strong momentum," a closely watched surved showed Tuesday. Data monitoring company IHS Markit also said…

Eurozone inflation, jobless figures steady

BRUSSELS, BELGIUM: Eurozone inflation and jobless data on Wednesday fell short of analyst forecasts as the economy bumps along amid speculation the European Central Bank will have to adopt more stimulus measures.