Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. After eight years of nationalist rule and routine attacks on the EU, Poland’s Law & Justice party looked to be heading for defeat in Sunday’s election, an outcome that would bring to an end a long … Read more
Measures of underlying inflation cooled in the US and Europe in recent months, which could prompt the central banks to leave interest rates on hold. The US core personal consumption expenditures price index, which strips out the volatile food and energy components, edged up just 0.1% in August, the smallest advance since late 2020. A … Read more
The global economy is shifting toward a higher-for-longer period for interest rates, making the coming flurry of monetary decisions across the developed world pivotal in mapping out that plateau. In the next week or so, borrowing costs will be set for seven of the world’s 10 most-traded currencies — including the dollar and the euro … Read more
Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. When Thierry Breton first met Mark Zuckerberg in Brussels in 2020 — shortly after being appointed as a commissioner — the world’s biggest tech companies didn’t really think that European legislators could regulate them, the Frenchman … Read more
The Circuit Hosted by high-profile journalist Emily Chang, The Circuit is a fast-paced, dynamic series that lives at the intersection of culture, tech, entertainment, and business. Every week, Chang will go on location to meet the world’s most fascinating founders, influencers, and innovators, conducting intimate interviews and bringing audiences behind the scenes of the most … Read more
Market measures of inflation risk in Europe are testing record highs and posing a challenge to European Central Bank officials as they eye the end of their historic tightening cycle. A gauge of future inflation closed at its highest level since 2010 Monday, pointing to an average pace of 2.67% from 2028-2033. The move comes … Read more
I’m William Horobin, an economics reporter in Paris. Today we’re looking at the combined impact of monetary and fiscal tightening on the euro zone. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you … Read more
US employers continued to add workers at a steady, yet more moderate pace, suggesting the economy has scope to avoid a recession despite higher interest rates. The economy in the euro area eked out modest growth in the second quarter, while the Bank of England raised rates and indicated borrowing conditions may remain tight for … Read more