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Economy
RCERO Ljubljana: a recycling tale
Waste recovery is necessary to reduce the increasing quantity of landfill and other forms of rubbish dumping. Garbage can be transformed into fuel, wood, compost and other materials. Doing this can help to cut contamination, greenhouse gas emissions and landfill use.
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Economy
Trump announces $200bn in South Korean energy investment plans
US President Donald Trump announced Wednesday plans for $200 billion in South Korean investments in US energy projects, including $54 billion for a long-planned liquefied natural gas (LNG) project in Alaska that Seoul said it had not yet agreed to invest in.
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Economy
IEA could weigh further oil reserve releases as EU energy costs soar
The IEA says it could consider releasing more emergency oil stocks if supply disruptions worsen, although another release is not currently its top priority. Europe faces a difficult winter after spending more than €100bn extra on energy imports since the Iran war began.
Economy
US and China list goods for tariff cuts, what it could mean for Europe
Washington has published lists of goods the US and China could tax at lower rates under their "30-for-30" framework, covering about $30bn (€26.3bn) in annual trade each way. No rates or start date have been set, but US pork, dairy and whiskey on Beijing's list could squeeze European exports.
Economy
How European governments are trying to ease the fuel price shock
European governments are cutting fuel taxes, offering subsidies and adjusting energy rules to ease the impact of record petrol and diesel prices. France, Germany and Spain are among those expanding support, while the EU faces the added risk of possible US restrictions on diesel exports.
Economy
Germany ranks last for expat tax conditions in global index
Two European countries made the top 10 in a new global ranking of tax systems for people moving abroad, while Germany came last. But the report also shows why low taxes alone do not always make a country an attractive place to live.
Economy
EU electric car registrations jump 63% as Chinese brands gain ground
New electric car sales jumped by nearly two-thirds in August 2026 compared to their levels last year as fuel prices hit fresh records in the European Union. But German carmakers struggle to benefit from a broader recovery of the EU car market.
Economy
OECD lifts 2026 global growth forecast to 2.9% despite Iran war
The OECD has nudged up its forecast for global growth this year to 2.9%, saying the world economy has absorbed the energy shock from the Iran war better than expected, but it warned that persistent inflation, rising bond yields and the risk of a longer conflict continue to cloud the outlook.
Economy
Qatar rules out Hormuz bypass, launches new investments platform
Qatar said a gas pipeline to bypass the Strait of Hormuz would make no economic sense. It also launched a new investment platform to manage QIA’s domestic holdings and outlined more than $60bn in investment opportunities, in a major reshaping of its sovereign wealth strategy.
Economy
EU fuel prices hit records: ECB experts say diesel margins yet to peak
EU petrol and diesel prices hit record highs this week, according to the European Commission. Refining margins—the cost of turning crude oil into fuel—are partly to blame, and prices could remain elevated as ECB experts tell Euronews that diesel margins are expected to peak only in October.
Economy
What to expect from the Trump-Xi summit in Washington
Chinese President Xi Jinping is expected to hold talks with US President Donald Trump in Washington next week, with an expiring trade truce, tens of billions in tariff relief and AI all on the table as both economies need the relationship to hold.
Economy
Bank of England holds rates at 3.75% as inflation hits five-month high
The Bank of England has kept its main interest rate at 3.75%, but three of its nine policymakers voted to raise it, exposing a divided committee as the energy shock from the Iran war pushes inflation to a five-month high of 3.1%.
Economy
Fed hikes rates for the first time since 2023 in unanimous vote
The Federal Reserve has raised its benchmark interest rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023, in a unanimous 12-0 vote that puts Chair Kevin Warsh directly at odds with the US president who appointed him.
Economy
China's retail sales weaken as spending remains sluggish
Retail sales in China grew just 0.4% in August, the slowest pace since growth resumed and the second consecutive monthly slowdown, underlining how little progress Beijing has made in reviving consumer spending even as factory output accelerates.
Economy
Canada sells itself as a safe bet 'in a very uncertain world'
Canada is positioning itself as a refuge for global capital, with Finance Minister François-Philippe Champagne saying the country is a safe place to invest "in a very uncertain world" as Ottawa hosts the largest investment summit in its history.
Economy
Oil surges past $108 after Hormuz attack and Saudi pipeline shutdown
Brent crude climbed above $108 a barrel on Monday morning after a merchant vessel was struck in the Strait of Hormuz, killing one crew member, and Saudi Arabia shut its main pipeline bypassing the waterway, renewing fears that Middle East supply routes are closing.
Economy
US inflation holds at 3.4% as monthly price rises hit fastest pace since May
US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign the energy shock is starting to bite four days before a Federal Reserve decision markets expect will deliver a rate hike.
Economy
Anthropic says AI could bring both 15% growth and mass unemployment
Anthropic has published an economic model projecting how AI might reshape the US economy by 2030, and its three scenarios range from barely perceptible to a boom with no historical precedent, including one in which GDP grows 15% a year while nearly a fifth of office workers are out of a job.
Economy
Qatar’s budget deficit more than doubles amid LNG disruption
The first-half shortfall has exceeded Qatar’s original full-year forecast. Doha has said cuts to operating spending exclude salaries and capital projects, while European gas buyers face delivery cancellations extending into early November as the Iran war postpones revenue.
Economy
European gas prices keep climbing as IEA calls for emergency reserves
With European gas prices hitting the highest since early 2023, the International Energy Agency says governments should consider strategic reserves, more flexible contracts and closer international cooperation to prepare for future natural gas shortages.
Economy
Oil surges past $100 a barrel again as US-Iran clashes intensify
Brent crude has shot up to above $100 a barrel after US forces destroyed five Iranian tankers and Tehran responded with missile strikes on Jordan, the latest escalation in the conflict that has kept the Strait of Hormuz largely shut since February.
Economy
An ECB rate hike is all but certain, the reasoning less so
The European Central Bank is all but certain to raise interest rates on Thursday, with investors pricing the move at near-total probability, but the decision is more awkward than the numbers suggest as inflation is being driven almost entirely by energy with underlying pressures actually easing.
Economy
Serbia and Uzbekistan strike strategic partnership in Belgrade
Uzbek President Mirziyoyev's first official visit to Belgrade produced 20 signed agreements on transport, energy, digitalisation, and labour mobility, alongside preparations for a free trade agreement and support for the Middle Corridor linking Central Asia to Europe.
Economy
China injects over €45 billion into state banks and insurers
China's finance ministry is leading a combined 360 billion yuan (€46.1bn) capital injection into eight state-owned banks and insurers, a coordinated effort to strengthen balance sheets strained by weak lending, low interest rates and government instructions to prop up the stock market.
Economy
Why is fuel expensive when crude oil hasn't hit record highs?
Pump prices could remain high in Europe, adding to inflationary pressure. The immediate problem is not just the supply or price of crude oil, but limited refining capacity, disrupted trade flows and shortages of finished fuels, particularly diesel.
Economy
US claims EU joined new Iran sanctions push, yet Brussels only endorsed them
US Treasury Secretary Scott Bessent has declared that the European Union formally joined Washington's campaign to sever Iran from the global financial system. Yet a Brussels statement issued at this week's G20 finance meeting in fact stops well short of that.
Economy
Trump vows US will take 'all' of Venezuela's oil as deal details emerge
The White House has published the terms of its Venezuela oil deal, naming the private company at its centre and confirming Washington's majority control of more than 65 billion barrels, as President Trump vowed the US would be taking "all" of it.
Economy
Japan's 10-year yield hits 3% for first time since 1996 amid G20 talks
Japan's 10-year government bond yield touched 3% on Tuesday for the first time since 1996, part of a deepening global sovereign debt sell-off, while US Treasury Secretary Scott Bessent used the G20 finance meeting to press Tokyo for faster rate hikes.
Economy
German inflation rises to 2.9% in August, coming in below expectations
Inflation in Germany rose 2.9% in the year to August on the harmonised measure tracked by the European Central Bank, a fresh acceleration from July but well short of the 3.1% economists had expected, in a reading that offers modest relief to policymakers meeting in Frankfurt next week.
Economy
Iran sanctions and tariffs shadow G20 finance talks in Asheville
Finance ministers and central bank governors from the world's largest economies meet in Asheville, North Carolina, on Monday and Tuesday, hosted by a US administration that is simultaneously pressing allies to help isolate Iran financially and imposing tariffs on several of them.
Economy
The hidden bill: How Europe's scorching summers are reshaping budgets
Another summer of record heat, drought and wildfires is leaving European governments with a bill that will land months later in the form of emergency relief, farm compensation, infrastructure repairs, unpaid taxes and food inflation.
Economy
Germany risks missing gas storage target, threatening industry output
Germany will miss its November gas-storage target if injections continue at their current pace, the country’s storage association has warned. Although there is no immediate gas shortage, low storage levels combined with a very cold winter could threaten industrial production in the country.
Economy
Warsh flags inflation concerns as he rejects Fed forward guidance
Federal Reserve Chair Kevin Warsh used his first Jackson Hole address on Friday to argue that financial conditions are not restrictive and that underlying inflation has not meaningfully improved, a hawkish assessment that strengthens the case for a rate hike, while ruling out forward guidance.
Economy
European education spending: Does more money mean better grades?
Sweden spent 6.8% of GDP on education in 2023, compared with just below 3% in Romania. But it is not always clear whether higher spending produces stronger skills and leaves young people better prepared for Europe’s changing economy.
Economy
Warsh faces yields, a Treasury rescue and inflation at Jackson Hole
Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole address on Friday with long-term borrowing costs elevated, inflation above target and the US Treasury already intervening in bond markets to do what monetary policy has not.
Economy
Europe’s gas prices are surging. Who will be the first to pay more?
Europe could face its toughest winter gas season since 2022 as wholesale prices trade near their highest level in more than three years. Household bills could rise quickly in the Netherlands while taking nearly a year to fully adjust in Germany and Austria.
Economy
US threatens Iran with 'economic D-Day' as markets await sanctions
US Treasury Secretary Scott Bessent has announced the launch of what he calls an 'economic D-Day' against Iran, describing the campaign as the single greatest financial offensive ever directed at an adversary, with further details due later on Monday.
Economy
US Treasury vows bigger buybacks after bond yields erased relief rally
Long-term US Treasury yields climbed back above where they stood before Wednesday's buyback announcement, wiping out the relief that move had briefly delivered, and prompting US Treasury Secretary Scott Bessent to signal that Washington is ready to intervene even more aggressively.
Economy
US debt tops $40 trillion as Treasury doubles bond buybacks
The US Treasury moved on Wednesday to calm a bond market rattled by surging borrowing costs, doubling the size of its debt buybacks hours before separate figures confirmed that the national debt had climbed past $40 trillion (€34.4tn) for the first time.
Economy
Which food prices could rise as war and heatwaves hit supplies?
Global food prices are expected to increase by double digits in 2026 as Russia's escalating war in Ukraine worsens the impact of other food price shocks, according to Oxford Economics. Wheat is expected to face the greatest pressure, likely pushing up bread and pasta prices.
Economy
Midnight showdown looms as US and Canada meet to avoid Trump tariffs
The US and Canada are locked in last-minute talks to prevent a fresh wave of tariffs from striking at 00:01 ET on Wednesday. US President Donald Trump has vowed to slap 50% duties on $20 billion (€17.2bn) worth of Canadian products if a deal is not reached in time.
Economy
Trump imposes drone tariffs of up to 100% with a lower rate for the EU
US President Donald Trump has imposed tariffs of up to 100% on imported drones and their components, with EU manufacturers facing a preferential rate of 15% and British firms 10%, in a measure meant to rebuild American production of a technology central to modern warfare.
World
US claims billions lost to tariff evasion through third countries
The US loses billions in annual revenue to the practice of routing goods through intermediate countries to disguise their origin, a White House report has estimated. Peter Navarro said US Customs was already using AI to identify offenders.
Economy
Inflation in Spain rises to 3.6% in July, worst rate in over two years
Spain has logged five months in a row of annual inflation above 3%, driven by costlier electricity and fuel as the partial closure of the Strait of Hormuz persists. In July, power prices top €100 per MWh, the highest year-on-year figure since 2022.
Economy
US inflation eases to 3.4% in July as Fed's next call stays uncertain
US inflation eased for a second month in July, with consumer prices rising 3.4% from a year earlier, down from 3.5% in June, exactly as economists had forecast, a reading that hands neither side of a divided Federal Reserve fresh ammunition before next month's rate decision.
Economy
Extreme heat threatens Italy's Parmigiano-backed loans
Extreme heat is squeezing Italy's "cheese banks", the climate-controlled vaults in Emilia-Romagna where hundreds of thousands of Parmigiano Reggiano wheels sit as collateral for farm loans, pushing up energy bills and thinning the milk supply that fills them.
Economy
Spain's wildfire bill: up to €3.275 billion for firefighting alone
The area burned in Spain in 2026 is almost half that destroyed last year, putting firefighting costs between 1,723 and 3,275 million euros. This impact is compounded by losses in tourism and agriculture, and experts stress the importance of prevention.
Economy
ECB holds rates at 2.25% as reignited Iran war boosts inflation fears
The European Central Bank left interest rates unchanged on Thursday, pausing after June's first hike in three years as easing inflation bought policymakers time, while renewed fighting in the Middle East caused a new rise in energy prices, keeping another hike firmly on the table for autumn.
Economy
Oil producers race to build alternatives to Hormuz as oil hits $100
Gulf oil producers are spending billions of dollars on pipelines designed to route crude around the Strait of Hormuz, as Iran's grip on the waterway drags on causing oil prices to hit $100 a barrel for the first time since May.
Economy
New UK PM touts 'cost of living government' with tax cut and £2 buses
Andy Burnham has used his first days in Downing Street to scrap the 5% VAT charged on household electricity bills and cap single bus fares in England at £2, telling his new cabinet that Britain now has a "cost of living government".
Economy
Food inflation to soar due to energy and fertiliser crisis, UN says
Rising energy and fertiliser prices are likely to continue contributing to food inflation globally, the UN warned in its latest report. This in turn can drive up the cost of a healthy diet and threaten progress against global hunger.
Economy
One in five EU jobs classed as vulnerable and Spain tops the list
Close to one in five jobs in the European Union qualifies as vulnerable on at least one of three counts, inadequate pay, insecure employment or a lack of workplace rights, according to a new report from Eurofound, which places Spain at the top of the table.
Economy
Eurozone inflation at 2.8%: Will it be enough for the ECB to pause?
Eurozone inflation was confirmed at 2.8% for June on Friday, marking the first decline this year and giving the European Central Bank a timely argument to keep its deposit facility rate unchanged at 2.25% when it meets this week.
Economy
EU unveils banking reforms to unlock billions in investment
In a bid to reduce fragmentation in the EU banking sector and meet companies’ growing investment needs, the European Commission has unveiled proposals aimed at making banks more competitive and potentially unlocking billions of euros for investment, but obstacles remain.
Economy
Does your salary buy as much as five years ago? Europe compared
Real wages fell by almost 2% in the eurozone between early 2021 and early 2026, but the impact on workers’ purchasing power varied sharply across Europe. Euronews Business examines where wages gained and lost the most — and why.
Economy
Heatwaves could drive Europe's food prices higher next year
While food inflation has eased across the eurozone, economists say this summer's extreme heat is now a bigger threat to next year's supermarket prices than the recent Iran war, as damaged harvests could outweigh the fading impact of higher oil and fertiliser costs.
Economy
China's economic growth hits slowest pace in more than three years
China's economy grew 4.3% year on year in the second quarter, its weakest pace since late 2022, as weak domestic demand and a prolonged property downturn outweighed strong exports, increasing pressure on Beijing to provide more economic support.
Economy
ECB selects 36 payment providers for digital euro pilot
The European Central Bank (ECB) has selected 36 payment service providers to help test the digital euro in a year-long pilot from 2027, marking the latest milestone in the EU's effort to create a digital form of central bank money while reducing reliance on foreign payment networks.
Economy
France shuts down nuclear reactors as heatwave intensifies
France's state-owned energy group EDF has temporarily shut down three nuclear reactors, while seven others could be operating at reduced power. France's largest electricity producer said the move was required to comply with environmental regulations.
Economy
Holiday prices in Europe: Which country is cheapest?
Where will your holiday money go furthest? A Euronews Business analysis of prices across seven of Europe's most popular holiday destinations found that Turkey is the cheapest overall, but the most expensive for alcohol, while Portugal offers the best value for accommodation and restaurants.
Economy
Global oil demand set for first annual drop since COVID, IEA says
Global oil consumption is on course to shrink this year for the first time since the COVID-19 pandemic, the International Energy Agency has said, as the war between the US and Iran throttled Gulf exports, though the IEA also noted supply increased in June.
Economy
Central banks face warning over rate cuts and inflation risks
Economists at the Tashkent Monetary Policy Dialogue warned that premature rate cuts could keep inflation above target. Uzbekistan’s lower inflation, falling expectations and reduced dollarisation show how credibility shapes monetary policy.
Economy
The five fastest-growing economies in Europe over the next five years
The IMF expects the eurozone to grow by little more than 1% a year through 2031. Yet some of Europe's fastest growth is forecast in smaller economies, with war-hit Ukraine among the countries expected to outpace the eurozone by more than two to one.
Economy
OPEC+ agrees another modest output rise as oil prices continue to fall
Seven countries in the OPEC+ alliance agreed to lift their combined oil output by a modest 188,000 barrels per day in August, adding supply just as crude prices slide back to levels not seen since before the Iran war erupted.
Economy
Gender pay gap vs pension gap: Why is inequality worse in retirement?
The gender pension gap in the EU is more than double the gender pay gap. Experts point to additional factors, including gaps in hours worked and contribution years, which largely result from gender roles and unpaid care work.
Economy
Inflation tumbled in June: where did prices cool the most in Europe?
Inflation fell more than expected across the single-currency bloc in June, easing pressure on the European Central Bank (ECB) and reviving hopes that the energy-driven spike triggered by the war in the Middle East is finally fading.
Economy
Iran's inflation spiral deepens as rial slides and tensions rise
As Iran's rial falls to record lows amid escalating military tensions in the Persian Gulf, a sharp rise in inflation is pushing up the cost of basic necessities, with low-income households and rural communities bearing the brunt of the crisis.
Economy
The AI boom could trigger the next crash, central banks warn
The vast surge of investment in AI, which has powered global stock markets to record highs, risks ending in a financial bust, the Bank for International Settlements warns, as the build-up’s hidden costs begin to surface in company accounts and consumer prices alike.
Economy
Brent crude falls below $74 for first time since Iran war began
Brent crude dropped below $74 a barrel on Wednesday for the first time since the start of the Iran war in late February, as investors continued to price out the geopolitical risk premium that had driven energy markets higher during the conflict.
Economy
A decade after Brexit, Britain weighs costs and gains
Ten years to the day since Britain voted to leave the EU, the economic reckoning is neither the collapse its opponents feared nor the renaissance its champions promised, and the anniversary arrives with the country once again leaderless, after Sir Keir Starmer's resignation on Monday.
Economy
Can the Caucasus and Central Asia become the next investment frontier?
For decades, international investors have focused on established destinations such as North America, Europe, China and, more recently, Africa. But as economic uncertainty and geopolitical tensions reshape global capital flows, attention is increasingly turning to the Caucasus and Central Asia.
Economy
Economist: Germany’s economy needs “bold revolutionary approach”
Germany is Europe's largest economy. Poland is Europe's most successful one. For economist Marcin Piątkowski, that sounds like a "match made in heaven." In an interview with Euronews, he explains what Germany can learn from Poland's remarkable economic success story.
Economy
Average rents in European cities: Which countries are most expensive?
Housing accounts for the largest share of household spending, but rents vary dramatically across Europe. Eurostat's latest data show which cities are the most expensive for tenants and where renting remains relatively affordable.
