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Euro zone inflation edges higher, hitting ECB’s 2% target in June

A Carrefour supermarket in Perpignan in the Pyrenees-Orientales department in the south of France on Jan. 3, 2025. Jc Milhet | Afp | Getty Images Euro zone inflation rose slightly to 2% in June, according to flash data from statistics agency Eurostat on Tuesday, meaning consumer prices in the single currency area are now in line … Read more

Time to give the euro a glow-up

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Through the fog that has shrouded global markets during the second coming of US President Donald Trump, a form is starting to take shape. If you squint, you can just about make out an outline … Read more

Apple reveals new App Store fees to avoid EU fine of 500 million euro

Omar Marques | Sopa Images | Lightrocket | Getty Images Apple Thursday made changes to its App Store European policies, saying it believes the new rules will help the company avoid a fine of 500 million euro ($585 million) from the EU for violating the Digital Markets Act. The new policies are a complicated system … Read more

Gold overtook euro as global reserve asset in 2024, ECB says

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gold has overtaken the euro as the world’s second most important reserve asset for central banks, driven by record purchases and soaring prices, according to the European Central Bank. Bullion accounted for 20 per cent … Read more

Bulgaria is set to join the euro zone. Its citizens aren’t convinced

A person beats a drum with the euro logo crossed out in red on the drumhead during a demonstration against Bulgaria entering the Eurozone in Sofia on May 31, 2025. Nikolay Doychinov | Afp | Getty Images Bulgaria is set to become the 21st member of the euro zone after receiving sign off from the … Read more

Euro zone inflation, May 2025

Shoppers buy fresh vegetables, fruit, and herbs at an outdoor produce market under green-striped canopies in Regensburg, Upper Palatinate, Bavaria, Germany, on April 19, 2025. Michael Nguyen/NurPhoto via Getty Images Euro zone inflation fell below the European Central Bank’s 2% target in May, hitting a cooler-than-expected 1.9% on sharp declines in services, flash data from … Read more

Could the euro topple the U.S. dollar as the world’s reserve currency?

The euro has seen significant gains against the dollar amid uncertainty around President Trump’s tariffs policies. Matt Cardy | Getty Images News | Getty Images U.S. President Donald Trump’s tariffs regime has sparked volatility in American assets — and European officials are making no secret of wanting the euro to seize upon wavering confidence in … Read more

Italian postal service could bring digital euro to millions, ECB says

Poste Italiane could support the final phase of the digital euro rollout thanks to its broad client base, according to ECB executive board member Piero Cipollone. Poste Italiane might soon do more than deliver mail and manage savings accounts — it could help bring the digital euro to millions of Italians. That’s according to Piero … Read more

Phillips 66 sells Euro businesses ahead of Elliott proxy fight vote

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive … Read more

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