Euro

European Central Bank President Christine Lagarde said measured interest rate increases remain the appropriate tool to bring eurozone inflation back down. Her remarks, reported by Reuters and financial outlets, signal the ECB intends to keep tightening policy in careful steps rather than pause or accelerate, as policymakers weigh persistent price pressures against slowing economic growth across the euro area.

Italian Prime Minister Giorgia Meloni says her government's migration policies have scored a major victory, declaring that Italy is no longer Europe's refugee camp and no longer carries an outsized share of the continent's asylum burden. The claim is drawing wide attention, with supporters praising her hardline stance and critics likely to question the figures behind it.

Christine Lagarde, president of the European Central Bank, signalled that the bank will continue with gradual, measured policy steps to bring eurozone inflation back to target, rather than committing to aggressive moves either way. The approach keeps the ECB on a cautious path as officials weigh persistent price pressures against slowing growth in the euro area. Investors and economists are watching for clues on the timing and size of future rate decisions.

European Central Bank President Christine Lagarde said eurozone inflation is expected to rise in the coming months, but stressed there are no signs yet of it becoming entrenched. Her comments reassure markets and policymakers watching whether persistent price pressures will force the ECB to keep interest rates higher for longer, or whether tighter monetary policy is succeeding in bringing inflation back toward target.

The European Central Bank is examining new currency safety arrangements as part of an effort to strengthen the euro's standing in the global financial system. The work signals that eurozone policymakers want to reduce reliance on the US dollar and make the euro a more attractive reserve and funding currency, with liquidity backstops seen as a key building block for that ambition.

Dutch chip equipment maker ASML says it is not selling its chipmaking machines to customers in Europe, and has warned that the region risks falling behind the United States, China and India in the semiconductor industry. The statement is drawing attention among business and technology watchers, who see it as a stark signal of Europe's weakening position in advanced chip production despite ongoing efforts to build domestic capacity.

The Pope said Europe must return to the path of dialogue rather than military buildup in order to end what he called a 'senseless slaughter', a reference to the ongoing war in Ukraine. The appeal, reported by OSV News, comes amid rising European defence spending and renewed debate over how the conflict should be brought to a close.

European Central Bank President Christine Lagarde said eurozone inflation is expected to rise because of the energy crisis, but there is little evidence so far that higher energy costs are feeding into broader price pressures. She emphasised that the expected increase does not signal entrenched inflation, seeking to reassure markets and households about the medium-term price outlook.

Economists polled by Reuters expect euro area consumer prices to have risen 3.5% year-on-year in September, up from 3.2% in August, which would be the fastest pace in nearly three years. Eurostat is due to publish its flash estimate on Friday, and analysts are watching closely for what it means for European Central Bank policy.

European Union member states have approved five large-scale pan-European defence projects, according to a Reuters report. The decision advances joint EU defence cooperation, with the projects expected to be developed collectively by member states rather than nationally. Details on funding, timelines and which countries will lead each project were not provided in the initial report, and reaction from capitals and industry is still emerging.

Europe and NATO are stepping up preparations for a possible broader confrontation with Russia, moving beyond the assumption that the war will remain confined to Ukraine. The concern driving the discussion is that Moscow's aggression could spill into NATO territory, prompting European governments to expand defence spending, readiness planning and military stockpiles in case the conflict widens.

Pope Leo concluded his trip to France with a call for Europe to confront what he described as a 'desire for domination' driving wars in the world today. Speaking at the close of the visit, the pontiff urged European leaders and citizens to resist aggression and work for peace, a message landing amid ongoing conflicts in Ukraine and the Middle East.

Sterling has rebounded against both the dollar and the euro as traders increase bets that the Bank of England will tighten monetary policy. The pound's recovery reflects shifting expectations around UK interest rates, with markets pricing in a more hawkish stance from the central bank. Investors are watching upcoming BoE decisions and economic data for confirmation of the tighter policy path.

The Pope has called on Europe to help fight 'lies and deceit' in world affairs, according to France 24. The appeal was made in remarks urging European institutions and citizens to defend truth in politics and international relations. The exhortation comes amid widespread concern over disinformation and eroding trust in public institutions across the continent.

An ASML executive said the Dutch chipmaking equipment giant currently sells none of its machines in Europe, despite being headquartered in the Netherlands. The remark highlights how Europe, despite ambitions to expand its semiconductor industry, remains largely absent as a customer base for ASML's advanced lithography systems, which are bought mainly by chipmakers in Asia and the United States.

Cities across Europe are searching for ways to expand affordable housing as shortages in major urban centres become an increasingly explosive social issue. A Deutsche Welle report examines models already being tried across the continent, from public construction to rent policies, as pressure grows on governments to respond to rising costs and limited supply.

The Pope has praised Europe and the European Union, describing the wider world as increasingly uncivilized. The remarks position the EU as a force for civility and cooperation at a time of global conflict and political tension. Commenters are weighing whether his words signal renewed Vatican support for European integration.

External Affairs Minister S. Jaishankar met European Union counterparts in New York on the sidelines of the UN General Assembly's high-level week. He said talks covered India-EU cooperation and multilateral issues, including developments in the Gulf, Ukraine and the Indo-Pacific. The meeting comes as India and the EU continue deepening strategic and trade ties amid global tensions.

The European Commission has called on EU member states to reduce their gas and electricity consumption amid rising energy prices. The appeal comes as households and industry across the bloc face high bills, and it signals Brussels' push for demand-side measures to ease pressure on the market. Member states' responses and any binding targets remain to be seen.

An outbreak of a virus described as untreatable has been reported across 16 European countries, according to a report by Surrey Live. The story includes a full list of the affected countries. Details about the virus, case numbers and severity were not provided in the available evidence, and health authorities' responses remain unclear.

A new study finds that Europe is overwhelmingly expanding legal access to abortion, with the procedure now legal almost everywhere in the EU. However, many countries still retain criminal penalties and practical barriers to care, and some Members of the European Parliament are calling for further EU-level action to guarantee access.

Electric car sales in Europe have jumped 52%, with record-high fuel prices cited as a major driver. With gasoline at roughly $10 a gallon in several European markets, drivers are increasingly switching to electric vehicles. Bloomberg reports the surge as one of the strongest stretches for EV adoption in the region, and commentators are weighing how much of the boom is fuel prices versus expanding model choice and charging networks.