Economy & Policy

Sparks will fly: Electric vehicle trade war between US, Europe heating up The EU has launched a 750 billion-euro ($812 billion) fund to heal its pandemic-scarred economy, and not all of it is spent yet Will Ferrell’s 2021 Super Bowl ad…

Where will Europe get its diesel from after Russia is banned in 23 days? The fuel is vital to the bloc's economy, powering cars, trucks, ships, construction and manufacturing equipment and more In just over three weeks, seaborne…

JSW Steel to sustain Europe shipments without passing on cost of export tax JSW Steel Ltd, will continue to supply products to its buyers in Europe without passing on any increase in costs despite New Delhi's decision to impose an export…

A harsh winter could force Europe to ration gas, a global energy leader warns. Fatih Birol, the executive director of the International Energy Agency, said Tuesday that he was warning leaders in Europe to create backup plans in case harsh…

Inflation hits new record 10.7% in Europe, slowing economy: Report Annual inflation reached 10.7 per cent in October, the European Union's statistics agency, Eurostat, reported on Monday Inflation hit a new record in the 19 countries…

IMF raises 2023 forecast on Beijing reopening, strength in US, Europe WASHINGTON: The International Monetary Fund (IMF) yesterday raised its 2023 global growth outlook slightly due to “surprisingly resilient” demand in the United States…

The winters in Europe could chill India’s economy STORY OUTLINE In an effort to cripple Russia’s economy, which is largely propelled by the sale of fossil fuels, the European Union opted to impose huge sanctions and has vowed to…

EU expects recession to hit Europe as inflation hangs on Synopsis The European Union's executive commission slashed its forecast for economic growth next year, saying the 19 countries that use the euro currency will slide into recession…

Euro Zone August Business Growth at Four-Year High, Still Weak - PMI Euro zone business activity accelerated at its fastest pace in more than four years last month as Italy turned in its best performance since early 2011 and German growth…

Greece Deal Fails to Convince, EU Demands More Greek political leaders said they had clinched a deal on economic reforms and spending cuts needed to secure a second bailout, but euro zone finance ministers demanded more measures and a…