Europe & Russia Intelligence Brief — Thursday, September 10, 2026
The European Central Bank’s Frankfurt headquarters; the governing council met in Berlin on Thursday and raised the deposit rate to 2.50 per cent, the second increase of a year defined by the energy shock.One-stop referenceCompany IntelligenceEvery listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.Browse the directory →
Key Facts
The hike. The European Central Bank raised its deposit rate by a quarter of a percentage point to 2.50 per cent at a governing council meeting held in Berlin on Thursday, the second increase of the year, with euro-area inflation at 3.3 per cent in August and energy inflation at 14.3 per cent.
The deal. Volkswagen and its works council agreed a restructuring that will cut 100,000 jobs by the end of the decade, management and labour aligning on the largest workforce reduction in the company’s history as European carmakers absorb the energy shock.
