The Latest Breaking News from eurozone

London (AFP) - The euro struck parity with the dollar for the first time in nearly 20 years on Tuesday as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone.

Hong Kong (AFP) - Equities fell Tuesday, along with oil, on fears that central bank moves to fight inflation will spark a recession, while the euro fell towards parity with the dollar as cost-of-living crises loom over the eurozone economy.

Hong Kong (AFP) - Asian stocks mostly fell Tuesday, along with oil, on fears that central bank moves to fight inflation will spark a recession, while the euro fell towards parity with the dollar as energy and cost-of-living crises loom over the eurozone economy.

New York (AFP) - Global stock markets finished mostly higher Friday, though Wall Street was flat following a surprisingly strong jobs report, while the euro was near parity with the dollar as traders bet on the prospect of a eurozone recession caused by soaring inflation.

New York (AFP) - Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, but record eurozone inflation underscored the potential for more turbulence ahead.

Base rate to rise by 0.25% and quantitative easing to stop in July after ECB warns about inflation

Inflation is at its highest level in decades in many parts of the world. In the US, consumer prices were 8.3 percent higher in April than a year earlier. In the eurozone, they rose by around 7.5 percent. Energy prices have been driving the surge, with Russia's war in Ukraine…

Frankfurt (AFP) - European Central Bank chief Christine Lagarde hinted Wednesday at a first interest rate hike in July to tackle soaring inflation, echoing the actions of other major central banks and heralding the end of the eurozone's cheap money era.

Until a few years ago, major economies were struggling to achieve even mild inflation, with policymakers in the United States, United Kingdom and eurozone struggling to meet their targets of 2% annual price growth. But with the arrival and persistence of Covid-19, the world changed dramatically. Two years later, everyone…

The double blow of pandemic and war has caused inflation to surge and growth to slow around the world. But experts do not expect a return to the 1970s

London (AFP) - Eurozone stock markets rose only slightly Friday as the bloc's weak economic data offset hopes China would ease its long-running crackdown on the tech sector -- news that sent Asian equities soaring.