The Latest Breaking News from European Central Bank

Hong Kong (AFP) - Asian stocks mostly fell Monday as traders struggled to maintain momentum from last week's rally, though Shanghai advanced as mainland Chinese markets reopened after a week-long Lunar New Year break.

Frankfurt (Germany) (AFP) - The European Central Bank is expected to push on with its inflation fight Thursday with a fresh rate hike, even as signs grow the eurozone might have passed the worst of an economic shock.

Rio Tinto's iron ore division chief Simon Trott has apologised and says the company is taking the lost radioactive capsule in WA "very seriously", while the Australian share market slips from its nine-month high ahead of a busy week.

The Eurozone economy grew in January for the first time in six months, raising hopes that Europe will manage to avoid recession this winter.

It's been all good economic news in recent weeks, but the former Treasury secretary warns the final stretch to fight inflation might be the hardest.

Michael McGrath welcomed the figures but said that there ‘is still a long way to go to’ before inflation is fully under control.

Rising core inflation has intensified the challenge facing the European Central Bank

Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia’s invasion of Ukraine in February ramped up inflation.

Asian stock markets have fallen for another day as investors wrestle with fears the U.S. Federal Reserve and European central banks might be willing to cause a recession to crush inflation

Asian stock markets have fallen for another day as investors wrestle with fears the U.S. Federal Reserve and European central banks might be willing to cause a recession to crush inflation

The European Central Bank announced it was increasing interest rates by 0.5% - a fourth increased in a row