Eurozone economy stagnated ahead of European Central Bank interest rate decision – business live

Live coverage of business, economics and financial news as ECB expected to cut interest rates by 0.25 percentage points in effort to support growthThe decision to greenlight a giant new oilfield off Shetland has been ruled unlawful by the courts in a major win for environmental campaigners.The proposed Rosebank development – the UK’s biggest untapped oilfield, due to be developed by Norwegian oil company Equinor – had been given the go-ahead in 2023 under the previous government. Continue reading...

Eurozone economy stagnated ahead of European Central Bank interest rate decision – business live

Live coverage of business, economics and financial news as ECB expected to cut interest rates by 0.25 percentage points in effort to support growth

The decision to greenlight a giant new oilfield off Shetland has been ruled unlawful by the courts in a major win for environmental campaigners.

The proposed Rosebank development – the UK’s biggest untapped oilfield, due to be developed by Norwegian oil company Equinor – had been given the go-ahead in 2023 under the previous government. Continue reading...