Azerbaijan's largest financial institution, the International Bank of Azerbaijan, is expanding its corporate banking operations by acquiring a 51% controlling stake in Uzbekistan's Davr Bank in a deal valued at €86 million.
Presidents Shavkat Mirziyoyev and Ilham Aliyev signed a Treaty on Eternal Friendship in Tashkent and launched new projects in banking, energy, tourism and mining. The two countries will also co-host the FIFA U-20 World Cup in 2027.
Russia's central bank reported that billions of roubles have been withdrawn from banks each month, as Russians pull out cash amid fears of the Kremlin seizing their savings to fund the war in Ukraine amid a deteriorating economy.
The Central African Republic and the Democratic Republic of Congo are set to build a new bridge linking their two major cities, Bangui and Zongo. The 60-million-dollar project will see the construction of a 645-metre bridge across the Congo River...
US inflation eased for a second month in July, with consumer prices rising 3.4% from a year earlier, down from 3.5% in June, exactly as economists had forecast, a reading that hands neither side of a divided Federal Reserve fresh ammunition before...
The US Federal Reserve is expected to hold rates on Wednesday, although investors were pricing in a 32% chance of an increase on Tuesday night, with analysts describing the decision as the most uncertain in years.
Almost a month after the devastating earthquakes, Venezuela has a mammoth task ahead in terms of rebuilding, rehabilitating and mitigating the social and economic damage of the biggest natural disaster in decades.
The European Central Bank has kept its base interest rates steady but said it was "closely monitoring" the energy price shock. The impact of the war against Iran on energy costs has pushed inflation over ECB targets.
DW News
In an opinion piece for Euronews, Frédéric Oudéa, Chairman of Revolut Western Europe, says Europe should move beyond fragmented banking markets and create pan-European financial champions to finance innovation, defence and the green transition.
Maria Luís Albuquerque, commissioner for Financial Services, believes the European Union's banking sector needs a "change in mindset". She says the EU should be willing to take greater risks while preserving financial stability.
Eurozone inflation was confirmed at 2.8% for June on Friday, marking the first decline this year and giving the European Central Bank a timely argument to keep its deposit facility rate unchanged at 2.25% when it meets this week.
The European Central Bank (ECB) has selected 36 payment service providers to help test the digital euro in a year-long pilot from 2027, marking the latest milestone in the EU's effort to create a digital form of central bank money while reducing...
European Central Bank President Christine Lagarde rejected claims in an exclusive interview with Euronews that the digital euro is designed to replace cash or allow the central bank to monitor payments, as the legislation entered a new phase...
European Central Bank President tells Euronews in an exclusive interview that it is "pretty obvious we need to have a European asset" that the markets see as safe and liquid, and one that can compete with the US.
Inflation fell more than expected across the single-currency bloc in June, easing pressure on the European Central Bank (ECB) and reviving hopes that the energy-driven spike triggered by the war in the Middle East is finally fading.
Veteran Croatian player Ivan Perisic hopes their excellent record against African opposition can help them win their crucial match against Ghana on Saturday as they look to book their spot in the knockouts. Croatia has three wins and a draw...
During his chairmanship, Greenspan was celebrated as possibly the best central banker in history. But later, his reputation was tarnished by the worst financial crisis since the Great Depression.
As widely expected, policymakers at the the US Federal Reserve have kept interest rates unchanged. But in a clear change of tone from previous meetings, Fed officials said they expected raising interest rates later this year rather than lowering...
The European Central Bank has lifted its deposit facility rate by 0.25% to 2.25%, marking a decisive pivot back to tightening as the Iran war pushes eurozone inflation to its highest level in nearly three years.
Urbanisation drives economic growth and job creation, a World Bank senior expert told Euronews at the World Urban Forum in Baku, but warned that Africa faces a financing gap that no single institution can fill alone.
