Latest News
- Bashar al-Assad sentenced to death by Syrian court for war crimes
- Colombia hit by 7.4 magnitude earthquake with at least 132 fatalities
- Mass grave of 25 bodies discovered in Kurmuk, Sudan, after army retakes town
- Bregg Cleaners and Tailors closes after 90 years of service in Regina
- Fauci outlined risks and benefits of COVID vaccine for pregnant women in 2021 texts
- 111 confirmed dead following 7.4-magnitude earthquake in Colombia
- Greece deploys 200 firefighters as new wildfires threaten local areas
- Seventy years after South Africa’s women’s march, challenges persist for women
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.
Donald Trump has called on oil producers’ group Opec to bring down global prices in order to put pressure on Russia to end the war in Ukraine, the Financial Times reports.
The Bank of Japan (BOJ) has raised its short-term policy rate to “around 0.5%,” marking its highest level in 17 years. This decision follows December’s inflation surge, with core consumer prices rising 3% year-on-year, the fastest pace in 16 months.
President Donald Trump has called on Saudi Arabia and other OPEC nations to reduce oil prices, warning that high costs are prolonging the Russia-Ukraine conflict. Speaking at the World Economic Forum in Davos, Trump expressed surprise that OPEC hadn’t acted to lower prices before the elections, emphasising the impact on global stability.
The chancellor is to amend some of the changes to tax rules for non-domiciled individuals…
Bank of England: Goldman Sachs expects deep interest rate cuts Markets are significantly underestimating the…
UK economy: Consumers catch ‘January blues’ as confidence slumps Consumer confidence in the health of the…
© 2026 WTX News.