European Union

Economy

Euro Area Inflation Revised Down to 3.2% in August

EPA-EFE/JULIEN WARNAND

The euro area’s annual inflation rate went up to 3.2% in August, Eurostat said in its final release, down from the previous estimate of 3.3%. The August rate was higher than July’s 2.9% rate and a year ago’s 2%. Consumer prices increased 0.4% from the previous month. Energy continued to be the largest contributor to inflation, up 14.3% from a… Continue reading Euro Area Inflation Revised Down to 3.2% in August

Europe

EU to Propose New Social Media Rules to Protect Children

Facebook, TikTok, Twitter, YouTube and Instagram apps are seen on a smartphone in this illustration taken, July 13, 2021. — Reuters

The European Union is looking to introduce new laws to protect children from the negative impact of social media, and the European Commission is to present an age limit for children before they can use social media. The issue is likely to be the subject of a speech to the European Parliament in Strasbourg by European Commission President Ursula von… Continue reading EU to Propose New Social Media Rules to Protect Children