- Drones near Dubai airport injure four as Iran conflict escalates
- EU faces pressure to act on economic impacts of ongoing Iran war
- Iran’s new supreme leader vows revenge following deadly US-Israeli strike
- Tornadoes claim two lives in Indiana and cause damage in Illinois
- EU asylum agency warns of potential refugee crisis from Iran instability
- Air India Express plane makes hard landing at Phuket airport, damaging nose wheel
- Mandelson sought £500,000 severance after ambassador role
- Ukraine’s Supreme Court recognises same-sex couple as ‘de facto’ family
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.
More reaction from the global stock markets, world leaders and experts a day after Donald Trump announced global tariffs.
Trump’s new tariffs, including a 10 percent levy on all countries, caused Apple’s stock to drop over six percent. The company depends on manufacturing in places like China and Taiwan.
Stock markets in London, Paris, and Berlin fell on Thursday following U.S. President Donald Trump’s announcement of sweeping tariffs. The UK has been hit with a baseline 10% while the EU has been hit with 20%.
Sir Keir Starmer has vowed to “keep a cool head” in the face of the “economic impact” of Donald Trump’s 10 per cent tariffs on UK exports to the US, amid fears of a wider trade war.
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