France wants to beef up European defence

Paris sees the need to beef up Europe’s defence industry as continuing European military aid to Ukraine is crucial. The European Political Community (EPC) takes place on June 1 in Chisinau, Moldova, where

US futures higher, gold out of luck

By Naeem Aslam US futures and European markets are trading higher Tuesday as traders celebrate the Spanish inflation number, showing that inflation has started to cool down significantly. The Spanish data also

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Turkey gets another 5 years of Erdogan

Turkish President Recep Tayyip Erdogan will prolong his two-decade rule of the NATO country for another five years after prevailing over his rival Kemal Kilicdaroglu in Sunday’s runoff elections with 52.1% to

Erdoganomics causing unease

With Turkey’s President Recep Tayyip Erdogan close to winning Turkey’s runoff election on Sunday, his ruling AKP appears to be split over his economic policies, leading to a massive inflation hike and

Another setback for central banks

By Craig Erlam   Investors may have underestimated the pace of disinflation this year if economic data this week is anything to go by, with US figures on Friday further enforcing the view

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EU tells Cyprus to reduce fossil fuel use

The European Commission recommends that Cyprus speeds up the implementation of its recovery and resilience plan by reducing reliance on fossil fuels and developing electricity interconnections. The country-specific recommendations in the 2023

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