Economy has lost momentum during a tough year, EU commission says and warns of risk from Mideast
The European Union’s executive commission has lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages consumers and higher interest rates deter borrowing for purchases and investment.
International Monetary Fund warns Europe against prematurely declaring victory over inflation
The International Monetary Fund says the European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until they’re sure inflation is under control despite sluggish growth.
The UK's AI summit is taking place at Bletchley Park, the wartime home of codebreaking and computing
The AI Safety Summit is bringing politicians, computer scientists and tech executives to Bletchley Park in the United Kingdom, a site that's synonymous with codebreaking and the birth of computing during World War II.
Europe's inflation eased to 2.9% in October thanks to lower fuel prices. But growth has vanished
The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold.
Scholz says that Germany needs to expand deportations of rejected asylum-seekers
Chancellor Olaf Scholz says Germany needs to start deporting “on a large scale” migrants who don’t have the right to stay in the country, adding to increasingly tough talk on migration since his coalition performed badly in two state elections earlier this month.
Germany beats US 3-1 in soccer exhibition as Reyna plays under Berhalter for first time since feud
Niclas Füllkrug and Jamal Musiala scored three minutes apart early in the second half, and Germany rallied to beat the United States 3-1 in an exhibition as Gio Reyna played under American coach Gregg Berhalter for the first time since their family feud erupted.
German conservative opposition wins 2 state elections, with far-right making gains
Projections show Germany’s center-right opposition winning two state elections at the halfway mark of Chancellor Olaf Scholz’s unpopular national government, and a far-right party that has been riding high in national polls making gains.
Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
The head of the European Central Bank says interest rates will stay high long enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”.
Germany seeks answers from Poland in a visa fraud scandal involving migrants from Asia and Africa
German government officials have held talks with their Polish counterparts asking them to clarify how many visas were issued in an illegal program in which some Polish consulates issued visas in Africa and Asia in exchange for bribes.
Germany's Cabinet approves a plan to liberalize rules on cannabis possession and sale
Germany’s Cabinet has approved a plan to liberalize rules on cannabis, setting the scene for the European Union’s most populous nation to decriminalize possession of limited amounts and allow members of “cannabis clubs” to buy the substance for recreational purposes.
Germany's opposition leader faces criticism over his comments on cooperation with the far right
Germany’s opposition leader is insisting that there will be no “cooperation” at the local level between his party and the far-right Alternative for Germany after his apparent suggestion that they might work together caused unease within his own conservative bloc.
Morocco, Benzina set to make Women's World Cup history in a game against Germany
Nouhaila Benzina will make history when she steps onto the field for Morocco’s first match of the Women’s World Cup against Germany — and not just as a player for the first Arab or North African nation ever in the tournament.
Microsoft and Activision extend deadline to close $69 billion deal under close regulatory scrutiny
The deadline for Microsoft’s $69 billion acquisition of video game company Activision Blizzard has been extended to as the companies seek to close a deal that has been opposed by regulators in the U.S. and the U.K.’s Competition and Markets Authority.
Divisions over the Ukraine war cause a rift at EU-LatAm summit that was supposed to be a love-in
European Union and Latin American leaders have concluded a summit that was supposed to be a love-in after eight years of separation with a second full day of aggravation over Russia’s invasion of Ukraine.
German leader confident that a surging far-right party will shrink again before the next election
German Chancellor Olaf Scholz expressed optimism that support for a far-right party that’s been surging in the polls lately will shrink to previous levels again by the time of the next national election in 2025.