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The Latest Breaking News from Carsten Brzeski

French wildfires threaten defence sites and hit regional economy

The fires have forced evacuations and protective measures at strategically important aerospace and defence sites, while preventing thousands of businesses from operating normally.

Euronews

Europe heatwave: The thermometer is flashing red for the continent's economy

Europe's heatwave is becoming a growing economic threat as extreme temperatures disrupt transport, reduce labour productivity, damage agriculture and strain power grids. Economists now see the thermometer as a key economic indicator, with climate change driving billions in adaptation costs, slowing growth and reshaping Europe's long-term economic outlook.

The Economic Times

'We Can No Longer Afford This': Germany's Sick Leave Crackdown Sparks Backlash Over Day One Doctor's Note Rule

Germany's Chancellor Merz announces a comprehensive economic reform package, including changes to sick leave, tax relief, and pension adjustments, aimed at revitalising the economy.

International Business Times UK

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German industrial output rises for the first time this year but is still 'too little'

An uptick of 0.4% in Germany's April factory output and a rise in exports offer little cause for celebration as new orders collapse, energy prices soar and Europe's largest economy continues to struggle to find solid footing.

Euronews

Inflation hits 3.2%, highest since 2023: Are ECB rate hikes inevitable?

Eurozone inflation rose to 3.2% in May, the highest since 2023, driven by energy and services. Markets now see an ECB rate hike next week as done deal.

Euronews

Eurozone inflation jumps to 2.5% amid Iran war: Will the ECB hike rates?

Consumer prices jumped at their fastest monthly pace since October 2022, driven almost entirely by the energy shock from the Iran conflict. Economists are split on whether Frankfurt will pull the trigger.

Euronews

'Then the euro will slide': Experts warn of prolonged war with Iran

Trump has given the Iran war four weeks. But if the conflict drags on, economists warn the euro could slide — and prominent economist Daniel Stelter goes further, predicting a full recession.

Euronews

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EU countries prepare for ECB race as Lagarde eyes early exit

Following reports on Wednesday that Christine Lagarde could step down as ECB President before her mandate ends, some EU countries have begun sounding out potential successors.

Euronews

UK sugar tax to be extended to more soft drinks and milkshakes; markets rally ahead of the budget – as it happened

Government sets out plans to lower the threshold within the Soft Drinks Industry Levy to 4.5g per 100ml, down from 5g

The Guardian - UK

German trade surplus shrinks to 11-month low as imports surge

Germany’s trade surplus fell to an 11-month low in September 2025 as imports surged 3.1%. Exports to the US rebounded but remain down year-on-year.

Euronews

Independence Of Central Banks Tested By Trump Attacks On US Fed

For months, US President Donald Trump has been piling pressure on the Federal Reserve over delayed cuts to interest rates, casting the institution's independence into doubt.

International Business Times

Inflation in France, Spain and Italy was lower than expected in August, data shows

Inflation remained subdued in three of the four biggest economies in the European Union, fuelling hopes that the European Central Bank will not see the necessity to change the key interest rates in September.

Euronews

Pressure On Merz As Trump Tariffs Hit German Economy

Germany's economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor Friedrich Merz to turn Europe's top economy around.

International Business Times

Germany Factory Output Lowest Since Pandemic In 2020

German industrial production slumped in June to its lowest level since the pandemic in 2020, data showed Thursday, underlining the fragility of Europe's top economy even before US President Donald Trump's new tariffs kicked in.

International Business Times

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Euronews

US-EU trade deal wards off tariff escalation but threatens growth

The 15% rate removes Trump's threat of a 30% tariff. But it effectively raises the tariff on EU goods from 1.2% last year to 17%.

The Independent UK

US-EU trade deal wards off further escalation but will raise costs for companies, consumers

U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal

International Business Times

ECB Expected To Hold Rates As More Trump Tariffs Loom

The European Central Bank looks set to keep interest rates unchanged on Thursday while the introduction of higher US tariffs threatened by US President Donald Trump hangs in the balance.

International Business Times

ECB Expected To Hold Rates As Trump Tariff Uncertainty Lingers

The European Central Bank is set to hold interest rates for the first time in almost a year when policymakers meet this week, despite concerns over the potential impact of higher US tariffs on the eurozone economy.

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Euronews

Production and exports fall in Germany as pre-tariff rush wears off

US tariff concerns are darkening Germany’s outlook while the economy is already weak, hindering hopes of a recovery.

Euronews

Germany sees a jump in unemployment as manufacturing weakness drags on

The number of unemployed people in Germany is nearing the 3 million threshold for the first time in a decade.

The Independent UK

The US and EU are in a showdown over trade. What does Trump want and what can Europe offer?

European and US officials are wrestling over a trade deal

Euronews

‘Surprisingly good March’ helps German GDP exceed expectations

The German economy, Europe's biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing.

The Independent UK

Germany's economy grew by 0.4% in the 1st quarter. That's double the initial estimate

The German economy, Europe’s biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing

Euronews

Why economists believe the ECB will keep on cutting interest rates

Economists predict that the ECB will continue its rate-cutting cycle as global trade tensions rise and eurozone growth slows. Markets expect up to 75 basis points of easing by September, pushing the deposit rate down to 1.5%.

International Business Times

ECB Ready To Cut Rates Again As Trump Tariffs Shake Eurozone

European Central Bank policymakers look increasingly likely to cut interest rates again on Thursday, with US President Donald Trump's stop-start tariff announcements sowing concern in the eurozone.

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