- Pope Leo XIV draws 700,000 attendees at Mass in Paris
- Seven-year-old boy starts fire using blow torch and propane cylinder in B.C.
- Iranian President Masoud Pezeshkian proposes reopening the Strait of Hormuz and allowing nuclear inspectors
- Aeroflot plane has remained at Geneva airport since 2022 due to sanctions
- Six confirmed dead after building collapse in Athens following explosion
- Trump cancels $810 million in congressionally approved funding
- Ukraine Strikes Russian Oil Refineries, Intensifying Conflict Amid Attacks
- Trump rejects Iran’s seven-day ceasefire proposal amid ongoing tensions
Business Briefing
In January 2026, annual inflation in the euro area decreased to 1.7%, down from 2.0% in December 2025, a notable shift that hints at easing cost pressures within households. However, beneath the headline figures, a diverse inflation landscape emerges; for instance, Romania and Slovakia reported significantly higher rates at 8.5% and 4.3%, respectively. This disparity signals potential challenges in achieving cohesive monetary stability across the bloc, as elevated inflation in certain member states could affect overall policy effectiveness. As the euro area adapts to these variances, the broader implications for economic cohesion in the region warrant careful observation.
This morning, Eurostat reported that annual inflation in the euro area is anticipated to decline to 1.7% in January 2026, down from 2.0% in December. Key components such as services and food show varied inflation rates compared to last month.
This morning, Eurostat released flash estimates indicating a 0.3% increase in GDP for both the euro area and the EU in Q4 2025. Year-on-year growth stands at 1.3% for the euro area and 1.5% for the EU. Employment rose by 0.2% in the same quarter.
Russia is becoming more dangerous, America is less reliable and Europe remains unprepared. The problem is simply put, but the scale of its solution is hard to comprehend.
The Financial Times has carried out an analysis of OECD data for its lead story, which finds that a global drop in house prices that hit advanced economies has “largely petered out”.
“We don’t think we should be implementing certain tax cuts now, essentially that are paid for by uncertain spending cuts that might never be delivered,” IFS deputy director Carl Emmerson said.
The front page of the London business paper CITY AM reports Britons are ditching business cards, leading to predictions that they will soon die out altogether.
The widespread drop in global house prices that hit advanced economies has largely petered out, according to a front-page lead story.
The FT’s main story reports that a “bumper earnings report” from chipmaker Nvidia has sparked a global stock market rally, with the company’s shares surging 15% in early trading, adding £205bn ($260bn) to its value in the process.
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