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Economy

Algeria emerges as Europe’s key gas partner after Iran strikes

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Economy

How a 'People’s IPO' is encouraging Central Asia into the stock market

Economy

Eurozone inflation jumps to 2.5% amid Iran war: Will ECB hike rates?

Economy

A new way to measure poverty shows the US falling behind Europe

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Europe News

The EU's recipe for trade deals : easy on beef, tough on wine

Within weeks, the European Commission has wrapped up deals with Mercosur, India and Australia. Yet despite the backlash over the Latin America agreement, Brussels is sticking to a familiar playbook: offensive on wine and cars, defensive on beef.

Europe News

EU Parliament unblocks key political hurdle in digital euro talks

After months of political gridlock in the European Parliament, EU lawmakers have overcome a key obstacle to the digital euro, bringing the proposal closer to approval.

Europe News

EU strikes political deal on customs reform

The new customs reform is designed to adapt the bloc to rising trade volumes amid US-related uncertainties and new trade deals with South America and Australia.

Economy

Spain's inflation jumps to 3.3% as Iran war drives energy costs higher

Spain's consumer prices have risen at their fastest rate since 2024, reaching 3.3% year-on-year in March, driven by surging energy costs linked to the ongoing Iran conflict, according to the Spanish national statistics agency.

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Economy

Is Iran using cryptocurrencies to circumvent sanctions?

Experts say Iran's Revolutionary Guards are using cryptocurrencies to circumvent Western sanctions and finance allied militias.

Economy

Is Europe sleepwalking into its worst gas crisis since 2022?

European gas prices have surged 70% and storage is running low. Supply disruptions, rising inflation and the prospect of ECB tightening are raising fears of a repeat of the 2022 energy crisis.

Economy

Germany's armed forces association calls for shift to 'war economy'

The German Armed Forces Association is warning of a growing Russian threat, a weakened Europe and an unreliable Washington — while the Iran conflict pours billions into Putin's coffers.

Markets

A month into the Iran war, bond yields surge and inflation fears mount

Nearly a month into the Iran war, government bond markets have sharply repriced. Surging oil and gas costs have stoked inflation expectations and forced a rethink on central bank policy.

Economy

OECD cuts eurozone growth forecast as energy prices surge

The OECD said Thursday it was cutting its eurozone growth outlook and forecasting higher inflation for 2026 after the Middle East war caused energy prices to skyrocket.

Economy

War-driven disruptions push Central Asia to rethink agriculture

Rising geopolitical tensions are disrupting Central Asian agriculture, boosting global food prices, straining supply chains and pressuring exports. Experts stress regional cooperation, diversification, and innovation as key responses.

Europe News

EU lawmakers support EU–US trade deal, with conditions attached

The European Parliament on Tuesday cleared the way for the implementation of the Turnberry agreement, but the safeguards attached by lawmakers must still be approved by EU member states before tariffs on US goods can be reduced to zero.

Economy

Who won and who lost from a year of US tariffs?

A report published this month by the McKinsey Global Institute offers one of the most rigorous accountings of last year's trade war. Its verdict confounds almost every prediction made when the tariffs were first introduced.

Economy

G'day to cheaper Champagne: EU-Australia deal boosts European products

After eight years of fraught negotiations, Europe and Australia have finally struck a trade deal. From champagne to critical minerals, here is what changes — and for whom.

Europe News

Lille clinches bid to host EU Customs Authority

EU lawmakers voted on Wednesday to designate the French city of Lille as the headquarters of the upcoming European Customs Authority, beating Italy’s bid to host it in Rome.

Economy

Iran war energy shock puts ECB on alert — Lagarde vows timely response

The Iran war has sent oil and gas prices surging and rate hike bets rising, but ECB chief Christine Lagarde says the eurozone is far better placed to absorb the shock than it was when Russia invaded Ukraine.

Economy

Europe's nuclear leaders: Which countries produce the most?

Nuclear power accounts for 12% of the EU’s energy mix. Yet despite recent increases, overall nuclear power production is declining.

Europe News

Farmers angry after EU-Australia trade deal liberalises farm products

The new EU-Australia trade deal has drawn criticism from farmers and MEPs, who argue that it will open the door to additional imports of sensitive products on top of those already agreed under the contentious Mercosur deal, while not providing full protection for certain EU regional products.

Europe News

EU delays proposal to ban Russian oil amid Iran war and price spikes

A law to permanently ban Russian oil from the European Union has been pushed back amid rising prices fuelled by the war in the Middle East.

Economy

Is the Iran war pushing Europe into a stagflation crisis?

The Iran conflict has handed Europe its most punishing economic combination in years — stagflation. With input costs surging, output stalling and confidence collapsing, the ECB's window of stability seems to have closed.

Economy

State pensions in Europe: Where do they best cover the cost of living?

State pensions as a share of living costs vary widely across Europe. In Northern and Western Europe, pensions often meet or exceed basic expenses while in Eastern Europe and the Balkans they often fall short of covering them.

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Europe News

Von der Leyen clinches Australia trade deal

The European Commission clinched a trade deal with Canberra on Tuesday, liberalising flows of goods while keeping quotas on sensitive EU farm products and leaving Australia’s luxury car tax largely intact.

Europe News

EU says Mercosur deal set for provisional application from 1 May

The EU executive finalised procedures to provisionally implement the contentious Mercosur trade deal, with tariff cuts on goods to take effect from 1 May despite a legal challenge at the EU Court of Justice.

Economy

IEA: Global economy faces ‘major, major threat’ because of Iran war

War in the Middle East has 'severely' damaged more than 40 energy assets across nine countries, said the head of the International Energy Agency, as he warned of deepening risks to the global economy.

Economy

Is Europe going to be forced to return to nuclear energy?

With the EU still importing over 50% of its energy and facing persistently high electricity bills, the debate over a nuclear revival to ensure independence and affordability has been reignited.

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Economy

Spain unveils €5bn energy package to offset costs of Iran war

The Spanish government has approved a package of 80 measures to tackle rising energy prices and mitigate the broader economic impact of the war in the Middle East.

Economy

IEA urges swift cuts in oil demand, encourages remote work

As the war in the oil-rich Middle East keeps escalating, the International Energy Agency is calling on governments to take measures to reduce oil demand by pushing remote working, reducing speed limits and encouraging a shift towards public transport.

Economy

Fuel taxes across Europe: Where do consumers pay the most?

Fuel prices across Europe are soaring, with taxes making up more than half of the cost at the pump in many countries. Euronews Business examines how differences in taxes mean motorists in some countries now pay far more at the pump than others.

Economy

Iran war has 'material impact' on inflation, ECB's Lagarde warns

ECB holds rates, warning Middle East tensions and oil risks could push inflation higher. Baseline sees 2.6% in 2026, but energy shocks could lift it to 3.5% or 4.4%, depending on how long supply disruptions persist.

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Economy

ECB keeps rates steady as rising energy prices fuel inflation concerns

The European Central Bank (ECB) kept its key policy rates on hold on Thursday, as fresh spikes in oil and gas prices threaten to derail recent progress in reducing inflation.

Economy

Bank of England holds rate at 3.75% amid Iran war inflation fears

The Bank of England has held its main interest rate at 3.75% in the wake of rising oil and gas prices following the start of the Iran war.

Europe News

MEPs clear path for full adoption of EU–US trade deal

EU lawmakers moved closer to implementing the EU–US trade deal after a key committee vote, but tensions with Washington persist.

Economy

Brent crude oil crosses $119 after Iran hit largest Qatari energy site

Brent crude oil traded briefly above $119 a barrel after Iran struck Qatar’s largest energy site, the Ras Laffan gas field. The attack was in response to Israeli strikes against the Iranian South Pars gas field.

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Economy

Fed projects one rate cut, sees limited Iran war impact

Federal Reserve officials say the war in Iran is likely to push up inflation this year, while having little impact on economic growth.

Economy

Oil surges to $110 after Israel hits Iran's energy facilities

Brent crude oil prices surged to $110 a barrel after Israel attacked the largest gas plant and another oil facility in Iran. The Islamic Revolutionary Guard Corps of Iran (IRGC) reacted by announcing that some Gulf energy sites are "legitimate targets".

Economy

Moody's says US recession increasingly 'hard to avoid' amid Iran war

Moody’s Analytics model forecasts a 49% chance of a US recession in the next 12 months, the closest probability in years.

Economy

Federal Reserve not likely to cut rates as Iran war stokes inflation

The Federal Reserve is expected to hold interest rates steady and may signal it will not cut rates at all this year as the Iran war complicates the central bank's inflation outlook.

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Europe News

Von der Leyen to visit Australia as trade deal nears finish line

The European Commission is eyeing another deal in its push to diversify trade ties, with President Ursula von der Leyen set to visit Australia from March 23 to 25 to clinch a long-awaited agreement.

Economy

ZEW index: German investor sentiment hits lowest level in a year

German investor morale has plunged to its lowest level in almost a year, with sentiment in the eurozone also deteriorating, as the Middle East conflict rattles European markets.

Economy

Hormuz tensions threaten Asia's energy lifeline as crisis deepens

Countries across Asia are scrambling to contain surging energy costs and fuel shortages as disruptions in the Strait of Hormuz threaten supplies.

Economy

Iran raises minimum wage by 60% as war decimates household budgets

The Iranian regime has announced a 60% increase in the minimum wage as the country grapples with the ongoing war and record inflation.

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Economy

Real GDP growth in Europe: Which countries grew the most in 2025?

Spain has the highest real GDP growth among major economies while Germany lags behind. Euronews Business takes a closer look at the figures, with experts explaining the key drivers.

Economy

US Treasury chief hails 'very good' China talks ahead of Trump visit

High-level US and Chinese officials have wrapped up two days of economic discussions in Paris, with the US Secretary of Treasury describing the sessions as productive ahead of President Trump's visit to China.

Economy

Explainer: Why Kharg Island is vital to Iran and the global economy

Strikes have already hit military infrastructure on a small Iranian island in the Persian Gulf — but if oil facilities are targeted next, the global economy could face a serious shock.

Europe News

EU-US trade remains strong despite tariff pressure, study finds

Despite trade tensions, US–EU goods trade hit a record $1.05 trillion in 2025, while the US goods deficit with the bloc fell just 7%, a study by the American Chamber of Commerce to the EU found.

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TotalEnergies reaps $1bn windfall from Middle East oil war bet

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BYD profit slumps 19% after record year edging Tesla off the EV throne

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