Investor confidence in Germany improved sharply in July, exceeding market expectations, according to the latest survey by the ZEW economic research institute. The economic sentiment index more than doubled to 26.3 points, up from 10.5 in June, outperforming analysts’ forecast of 17.5 points. ZEW President Achim Wambach said the stronger outlook reflects growing optimism
France has lowered its economic growth forecast for 2026 to 0.7%, down from the previously projected 0.9%, according to a mid-year public finance update presented to lawmakers by the Finance Ministry. The revised outlook reflects weaker-than-expected economic performance during the first half of the year. Finance Minister Roland Lescure said the downgrade was driven by
European Central Bank (ECB) President Christine Lagarde has said she cannot completely rule out leaving her position before the end of her term in October 2027 if she decides to play a role in French politics. In an interview with French newspaper Les Échos, Lagarde said it was “possible” she could depart early, adding that […]
Germany has proposed major pension reforms to address the financial strain of its ageing population and ease the long-term burden on younger workers. The plan includes creating a Swedish-style pension fund with mandatory contributions from employers and employees, while gradually increasing the retirement age from 67 in the early 2030s to around 70 by the […]
France’s private sector remained in contraction during June, but the pace of decline eased significantly, according to the latest S&P Global Flash PMI survey. The Composite Output Index rose to 47.6 from 44.9 in May, indicating that business activity is still shrinking but showing signs of stabilization. Economists viewed the improvement as a positive signal […]
Germany’s private sector activity contracted at its fastest pace in 18 months during June, according to the latest S&P Global survey. The Composite Flash Purchasing Managers’ Index (PMI) dropped to 48.0 from 48.8 in May, falling short of market expectations and remaining below the 50-point mark that separates growth from contraction. The decline was driven […]
Switzerland has officially rejected a controversial referendum proposal to cap its population at 10 million, with approximately 55% of voters casting a “no” ballot. Championed by the right-wing Swiss People’s Party (SVP), the initiative mandated that if the population exceeded the threshold before 2050, the country would be forced to terminate its free
Portugal faced major disruptions on Wednesday as a nationwide general strike halted train services, cancelled hundreds of flights, and forced school closures. The strike, organized by the country’s largest labour union confederation, was called in protest against the government’s proposed labour reforms, marking the second nationwide shutdown in six months. The
Voting began in Malta’s parliamentary elections on Saturday, with opinion polls indicating that Prime Minister Robert Abela’s ruling Labour Party is on track to secure a record fourth consecutive term in office. Abela called the snap election a year ahead of schedule, citing the need to address future challenges arising from global uncertainty. Malta enters […]
A mass migration amnesty launched by Spain’s leftist government is offering a beacon of hope to hundreds of thousands of undocumented day laborers currently living in substandard shanty towns. The policy, a major pillar of Prime Minister Pedro Sanchez’s agenda, aims to harness the economic benefits of migration to counter the nation’s aging population. Undocumented









