Official currency of the eurozone
The Bank of England has signaled it will raise interest rates to curb inflation, with energy prices pushing core inflation higher. Markets expect a first hike in three years, possibly followed by further moves next year as global central banks tighten policy.
Global markets have steadied as US retail data suggests consumer spending is softer while inflation trends remain in check. Traders are watching for Federal Reserve guidance as major indices hover near records after a week of mixed signals across equities, bonds and currencies.
A quartet of articles confirm that Parmigiano Reggiano wheels stored in climate-controlled facilities remain safe despite record heat in Italy. Banks storing hundreds of thousands of wheels report higher cooling costs but no disruption to aging or collateral. Producers expect no long-term risk to output.
U.S. markets edge lower after several sessions of gains as investors await the PCE inflation update. The latest data show persistent inflation and higher government borrowing costs, with bond yields climbing and stock indices uneven.
Icelanders have voted against resuming accession negotiations with the EU, with public broadcaster RUV reporting roughly 52.8% voting "no" and 47.2% voting "yes." Prime Minister Kristrún Frostadóttir has said she will respect the result. The campaign split the capital from rural areas and centred on control of fishing waters, inflation and security concerns after threats to Greenland.
Voters in Iceland are weighing whether to resume accession negotiations with the EU. The referendum, prompted by geopolitical tensions and domestic economic concerns, is not a final decision on membership. A yes would kickstart talks; a no would pause proceedings. Results are emerging as ballots are tallied.
Voters in Iceland have given a razor-thin result on whether to resume EU membership talks. The vote does not decide membership but could restart negotiations, with a second referendum on eventual accession likely if talks proceed. The outcome hinges on inflation, interest rates, fishing rights and sovereignty.
The AfD has secured 44% of the vote in Saxony-Anhalt, threatening an absolute majority; CDU support has fallen, and the election signals a potential shift in Germany’s political landscape as Russia ties and migration policies figure prominently in the party’s platform.
The Alternative for Germany (AfD) has won about 44% in Saxony‑Anhalt, taking 39 of 83 seats and falling three short of a majority. Chancellor Friedrich Merz has condemned the party's "remigration" plans as ethnic cleansing and has faced domestic backlash after the result; international figures including Donald Trump and Elon Musk have praised the AfD.
Oil prices have surged as tensions in the Middle East intensify, pushing Brent above $100 a barrel while U.S. stocks retreat amid higher energy costs. Traders await inflation data and Federal Reserve signals as markets reassess risk.
Global markets waver as AI-linked stocks retreat after OpenAI signals a potential year-end stock sale delay. SoftBank jumps on OpenAI ties; oil prices rise amid Middle East tensions. Wall Street edges lower as investors weigh safety over growth.
Voters in Mecklenburg-Western Pomerania have delivered a severe setback for the CDU and boosted the AfD, while Berlin’s ballot shows Die Linke gaining ground. Merz vows to push ahead with reforms as the far-right gains momentum across Germany.
Germany faces a shift in regional politics as left-leaning coalitions gain ground in Berlin and Saxony-Anhalt, while the CDU suffers its worst state-level result. The developments reflect broader European trends and prompt questions about future governance.
UK GDP has been revised up to 0.5% in Q2, driven by stronger services and construction, while annual figures for 2025 are trimmed. Economists warn of tougher months ahead as energy costs weigh on households and inflation remains above target.
Two peer‑reviewed studies in Nature Health show Europe’s 2026 heat waves have killed about 50,000 urban residents, with climate change driving roughly two‑thirds of the toll. The research covers 850 cities across 30 countries and finds the death rate highest in Malta, Italy and Hungary, while Italy, France, Spain, Germany and the UK have the largest absolute numbers.
British government officials say talks with the EU are focusing on a future relationship, including potential free movement or rejoining aspects of the single market, though Labour’s red lines remain. Burnham is set to meet EU leaders on 20 November, with a broader debate on the long-term uk-eu relationship.
Finland has convicted the crew of the Russian ship Fitburg of aggravated sabotage for dragging an anchor that damaged two undersea cables in the Baltic Sea. The captain and boatswain receive prison terms and must pay damages; the case is part of broader Baltic incidents linked to Russia.