Volkswagen CEO announces plans to cut production capacity by 500,000 vehicles in Europe. The move marks a significant shift for the automaker's regional manufacturing footprint.

European Central Bank policymakers signal a likely interest rate hike in June, with several governors indicating at least two increases may be necessary unless energy prices drop or the war concludes.

European Central Bank policymakers reached a broad consensus on Thursday regarding the necessity of a rate hike in June, with several governors suggesting at least two increases may be required depending on geopolitical and energy market developments.

The European Central Bank keeps interest rates on hold as it continues to monitor inflation threats. The decision maintains the current monetary policy stance across the eurozone.

The European Central Bank has decided to maintain its current interest rates, citing ongoing concerns regarding inflation.

The European Central Bank keeps interest rates unchanged, citing the need to assess the economic impact of the ongoing war in Iran.

The European Central Bank has maintained current interest rates, with officials citing a need for further assessment of the economic impact resulting from the war in Iran.

The European Central Bank warns that upside risks to inflation have intensified, while downside risks to economic growth have also increased.

The European Central Bank reports that upside risks to inflation have intensified, while downside risks to economic growth have also increased.