MILAN (Reuters) -Banks across the European Union are strong enough to weather an economic shock driven by geopolitical and trade tensions, the European Banking Authority said on Friday as it presented ...

Europe is on the brink of a recession. This video explores the driving forces—skyrocketing energy prices, currency pressures, ...

A van carrier transports a container from shipping company MSC between countless containers at the Tollerort container terminal in the port of Hamburg, Germany, on July 9, 2025. (Marcus Brandt / dpa ...

U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that President Trump’s trade tariffs could lead to “higher inflation and slower growth” — and U.S. stocks declined on the news. Analysts ...

The latest US and EU sanctions could accelerate a crisis in the Russian economy and push it into a full recession. In Ukraine ...

BRUSSELS (Reuters) - Tensions over state support for banks surfaced as European Union finance ministers met on Tuesday to discuss how much money governments could mobilise to combat recession.

The European Commission today said that the European Union countries probably are in the midst of a recession and that the outlook for 2009 growth is dim. The Brussels, Belgium-based EC said that the ...

Europe’s economy is still reeling and unemployment could stay high for years despite the progress made in solving the debt crisis, the European Union warned Wednesday, as it downgraded next year’s ...