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Friday, May 1 2026

EU Support to Help 507 Belgian Workers Find a New Job

The European Parliament on Wednesday backed €2 million in EU aid for workers laid off after the bankruptcy of Liberty Steel Belgium, according to a press release. MEPs endorsed a Commission proposal to mobilise €2 million from…

Friday, May 1 2026

Eurozone Inflation Hits 3% as Oil Prices Spike and Economic Growth Slows

Annual inflation in the 21 countries that use the euro rose to 3.0% from 2.6% in March, driven by a 10.9% increase in energy prices, the European Union’s statistics agency Eurostat reported on Thursday, Euronews.com reported.…

Friday, May 1 2026

Big Central Banks Say Rate Hikes Are Getting Closer

Major central banks left interest rates unchanged this week but warned that they could raise them soon to prevent a jump in energy prices, caused by the U.S.-Israeli war with Iran, spilling over into a surge in broader inflation…