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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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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.
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.
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".
Europe News
'Trade caught in US domestic politics,' lead Brussels lawmaker says
MEPs will reach out to US trade officials next week in a bid to salvage the transatlantic trade deal as Washington opens new investigations on EU goods. But lawmakers worry Brussels is being pulled into an unpredictable standoff driven by US domestic politics.
Economy
Could oil prices really reach $200 a barrel as claimed by Iran?
As the Iran war approaches the two-week mark, energy markets are bracing for a potential "super shock". The IRGC has repeatedly threatened to push oil prices up to $200 per barrel, leveraging its control over the Strait of Hormuz, but how realistic is this scenario?
Europe News
EU’s largest economies push for faster capital market integration
France, Germany, Italy, the Netherlands, Poland and Spain are urging the EU to agree by summer on a set of proposals designed to strengthen oversight of financial market infrastructures and improve operations across the bloc.
Business
US Justice Department digs into Iran's sanctions evasion via Binance
The US Justice Department has begun investigating Iran’s alleged use of Binance to circumvent sanctions, especially funds transferred through the crypto exchange to finance terrorist organisations like Yemen’s Houthi militants.
Europe News
EU eyes oil reserves as Iran war sends energy prices surging
Ministers are exploring measures to curb energy prices and inflation at a series of meetings in Brussels, with the release of oil reserves being discussed. Germany stated that it supports keeping the option on the table, but emphasised that now is not the right time to use it.
Europe News
French blockade looms over EU plan to speed up trade deals in English
Eager to unlock new markets for EU businesses, the European Commission plans to accelerate trade deal ratification by circulating only English versions for approval by EU governments and the European Parliament – but sources told Euronews that Paris is set to oppose the move if it goes ahead.
