French PM Scraps Minister Severance Pay Amid Budget Crisis
Caretaker French PM Sébastien Lecornu cancels ministers’ severance pay, highlighting efforts to address France’s budget deficit and political instability.
EurozoneEconomy
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EU Exports to U.S. Plunge 10% Amid Escalating Tariff Tensions
EU exports to the U.S. fell 10% in June as tariff hikes disrupt trade flows, with major ports like Hamburg seeing 20% cargo declines on transatlantic routes.
Eurozone Growth Stalls as U.S. Tariffs Impact Trade Dynamics
Eurozone’s Q2 growth hits 0.1% as U.S. tariffs impact trade, with Germany and Italy facing declines while Spain shows resilience. Experts weigh in on long-term effects.
Eurozone Inflation Cools to 1.9% in May, Below ECB Target
Eurozone inflation drops to 1.9% in May, falling below ECB’s 2% target amid slowing services sector prices, signaling potential economic shifts.
EU Slashes 2025 Growth Forecast Amid Trump Tariff Tensions
EU cuts 2025 growth forecast to 0.9% amid Trump tariff pressures, with Germany facing zero growth as trade tensions reshape economic outlook.
ECB Cuts Interest Rates to Bolster Eurozone Economy Amid Trade Tensions
ECB cuts interest rates by 25 basis points amid inflation stabilization and rising trade tensions, aiming to bolster eurozone growth.