You Searched For "Economy of the European Union" and got 13 results
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3 mins read
Russia's economy faces 'near stagnation' with sanctions whittling down annual GDP growth, European economist says
Russia's economy could be losing as much as 3% of its GDP a year due to Western sanctions, a Europe…
Jennifer Sor
4 mins read
Luxury European automakers are getting crushed in China
BMW, Mercedes-Benz and Porsche have suffered sliding sales in the world's largest car market amid r…
Tom Carter
3 mins read
The most immediate threat to China's economy isn't external. It's internal.
On Monday, Beijing released new data that underscores the scale of China's domestic consumption pro…
Huileng Tan
2 mins read
Russia's war-driven economic growth is a mirage, and more sanctions are needed to keep pressure on, European finance ministers say
"When taking a closer look at the signals, it becomes clear that everything is not as rosy with the…
Filip De Mott
3 mins read
China could soon have to choose between fueling the Ukraine war and its access to Europe's economy
The West is hardening its stance toward China over its apparent support for Russia's Ukraine invasi…
Tom Porter
3 mins read
The US might avoid a recession, but it won't be unscathed if the European economy tanks
Wall Street has struck an optimistic tone lately on the chances of dodging a recession. Forecasts f…
Jacob Zinkula
2 mins read
A gallon of gas costs 25 cents more than it did last week
Due to an increase in demand and the rise in oil prices, the national average gas price is increasi…
Britney Nguyen
2 mins read
Russia is on track to make more money off oil and gas exports this year than it did in 2021, and it's got the EU to thank
Europe is a major buyer of Russian energy products, accounting for about 50% of the country's crude…
Huileng Tan
1 min read
Moscow says it will 'find other importers' after EU leaders agree to ban Russian oil
European Council President Charles Michel had said an agreement on a Russian oil ban would cut "a h…
Jake Epstein
2 mins read
The EU proposes a total ban on Russian oil imports, cutting out crude within 6 months
European Commission chief Ursula von der Leyen said the move would be costly to the bloc's economy.…
Harry Robertson
2 mins read
Germany doesn't want to be 'too successful' at replacing Russian natural gas because it wants to move away from the fuel in the long run, economy minister said
Germany aims to generate all of its electricity from renewable sources — such as solar and wi…
Huileng Tan
4 mins read
How Germany Europe's biggest economy — became so dependent on Russian natural gas that it faces a 'virtually unavoidable' recession if it cuts off supply
Russia accounted for 55% of Germany's natural-gas imports in 2021 and 40% in the first quarter of 2…
Huileng Tan
2 mins read
The US economy is booming — but Japan and the UK just slipped into recession. Here's why.
The economies in both Japan and the UK contracted in the last three months of 2023, signaling a rec…