1+ day, 2+ hour ago  (395+ words) The increase is primarily driven by a sharp acceleration in energy prices, which rose to 10. 9% year-on-year in April, compared with 5. 1% in March. Services inflation eased slightly to 3. 0%, while food, alcohol and tobacco increased modestly to 2. 5%, and non-energy industrial goods rose…...

2+ day, 14+ hour ago  (807+ words) Luxembourg's craft sector is coming under increasing strain, with more than one in three businesses failing to turn a profit in 2024, according to the Chamber of Skilled Trades and Crafts. The lobby group said the decline in profitability, despite broadly…...

3+ day, 14+ hour ago  (1165+ words) Sam Fleming in London, Olaf Storbeck in Frankfurt, Claire Jones in Washington and Leo Lewis in Tokyo The world's top central banks are expected to hold off raising interest rates this week, as officials gamble they can take longer to…...

3+ day, 15+ hour ago  (609+ words) Europe faces recession if the Strait of Hormuz crisis isn't resolved within a month, according to Mark Dowding, chief investment officer for fixed income of RBC Bluebay Asset Management. He said the supply disruption in the energy market is worsening…...

6+ day, 7+ hour ago  (935+ words) Claire Jones, Alex Rogers, Kate Duguid US prosecutors have dropped their criminal investigation into Federal Reserve chair Jay Powell, in a breakthrough that could pave the way for the Senate to confirm Kevin Warsh as the country's top central banker....

6+ day, 14+ hour ago  (714+ words) If one were to account for inflation the decline is even steeper at 15%, a figure that a working paper published by the BCL this week describes as statistically significant. The BCL attributed the decline to a "reduction in value of…...

6+ day, 14+ hour ago  (1073+ words) Chinese exporters are beginning to lift prices on everything from swimsuits to air conditioners as the Iran war drives up oil-linked input costs, signaling that global consumer inflation is likely to accelerate. More than a dozen categories of household goods…...

1+ week, 1+ day ago  (934+ words) It is now seven years since 2019, a time before the covid pandemic, the war in Ukraine, and the energy shock triggered by the latest conflict in the Middle East. The covid pandemic and subsequent lockdowns in 2020 and 2021 brought supply chains…...

1+ week, 2+ day ago  (713+ words) Consumer confidence in Luxembourg has fallen to its lowest level in a year, as households grow increasingly uneasy about inflation and the wider economic outlook, according to Statec's April Conjoncture Flash, the national statistics agency's latest economic snapshot. The deterioration…...

1+ week, 2+ day ago  (590+ words) Luxembourg's central government posted a budget surplus of "59 million at the end of the first quarter of 2026, down "278 million from the same period a year earlier, Finance Minister Gilles Roth told parliamentary committees on Tuesday. Total central administration revenues rose…...