The Latest Breaking News from Euro

NATO fund targets drone defence technologies as Russia-Ukraine war reshapes priorities

NATO's defence technology priorities have shifted towards meet what it deems to be capability gaps in counter-drone systems and space-based surveillance. The collective defence organisation has launched a 1 billion euro fund to accelerate the development of dual-use technologies on its eastern border. Poland has become an attractive investment destination…

The Economic Times · Oct 13

Hackers target fridges in French supermarkets in ‘unprecedented’ cyberattack to spoil food

Hackers target fridges across Intermarché, E.Leclerc, and Super U stores, reportedly causing millions of euros in food losses

The Independent UK · Oct 12

Dollar Climbs With Crude Oil Prices

The dollar index (DXY00 ) is up by +0.24% today. The dollar is climbing amid stronger crude prices. WTI crude is up more than +1% today, raising inflation expectations that could prompt the Fed to tighten monetary policy and support the dollar. Also, dovish comments from ECB Governing Council member...

Barchart · Oct 12

France’s dilemma: protesters demand spending as markets require fiscal restraint

Waves of protests expose debt crisis faced by French government, but political wrangling is stalling an escape plan. Is there a way out?

The Guardian - UK · Oct 10

EU and China strike interim trade deal that could cut Chinese hybrid exports

China and the European Union have agreed on a preliminary trade deal to address trade imbalances. This deal includes reduced tariffs on certain European goods and measures for reliable rare earth supply chains. The EU trade commissioner noted that this agreement could significantly decrease Chinese electric vehicle imports. Both sides…

The Economic Times · Oct 10

Intense diplomatic manoeuvring in Athens over first Russian team in European tournament

The Kazan club was the first Russian club to play an official European club match in Greece, after discreet pressure to keep Russian symbols out of the Serafio pool.

Euronews · Oct 9

European FAs pushing for three-week international break to be abandoned

Europe’s football associations have raised serious concerns about the impact of the extended break and will ask Uefa to push for a reversion to the previous scheduling

The Guardian - UK · Oct 9

Are eurozone bond markets warning of a recession as growth slows?

Eurostat's cycle clock, which tracks the economy's phases, flags a sharp slowdown in the eurozone. Bond markets highlight French fiscal stress, sticky inflation and ECB hikes. But that could shift soon.

Euronews · Oct 9

Global Market: Yuan strengthens as dollar retreats; China pushes back against undervaluation claims

The Chinese yuan strengthened against the US dollar as the greenback retreated from an 18-month high. Beijing defended its currency policy amid European Union trade negotiations, rejecting undervaluation claims. Supported by strong exports and foreign capital inflows, the yuan has gained 4.4% this year, with authorities favouring stability and gradual…

The Economic Times · Oct 9

Euro skids toward fifth weekly fall but selling pressure slows

The euro is enduring its fifth consecutive week of descent, mainly due to ongoing concerns surrounding France's substantial debt. Despite a recent recovery aided by enhanced stability in France's debt markets, the US dollar's growth is stalling as US yields recede. Meanwhile, the yen faces a moderate decline, marking its…

The Economic Times · Oct 9