English

Una Hajdari

Economy

Businesses start claiming refunds on Trump's 'unlawful' tariffs

A long-awaited refund portal opened on Monday for US businesses hit by Trump's tariffs, with $127bn in eligible claims already registered. The catch? It could take months, and shoppers will see few benefits.

Economy

Iran war energy shock drives nuclear power plans in Asia and Africa

The Iran war has exposed the fragility of global fossil fuel supply chains. Now dozens of countries across Asia and Africa are turning to nuclear power as their answer.

Business

All Dolce, no Gabbana? D&G co-founder quits as chairman amid debt talk

Gabbana has quietly vacated the D&G boardroom, leaving Domenico Dolce's brother in charge — just as the brand wrestles with €450m in debt.

Business

'No return to normal': IMF warns of lasting damage from Iran war

The IMF is cutting its global growth forecast, preparing €42.9bn in emergency aid and warning that 45 million people face food insecurity.

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Economy

Could billions in frozen Iranian assets help the US unlock a deal?

Ahead of US-Iran negotiations in Islamabad on Friday, a top demand from Tehran will likely be the unlocking of its frozen assets abroad. Trump will have to consider handing back the fortune he once locked away.

Markets

Oil pushes past $97 again as markets eye ceasefire doubts

Oil clawed back above $97 a barrel Thursday as investors bet the US-Iran ceasefire will not last, and the near-shut Strait of Hormuz is doing little to convince them otherwise.

Business

Greek and Liberian-flagged ships first to pass Hormuz since ceasefire

A Greek-owned bulk carrier and a Liberian-flagged vessel seem to be the first ships through the Hormuz Strait since Wednesday's ceasefire, part of a fragile two-week truce.

Markets

Iran ceasefire effect: Oil plunges as European markets surge

Oil prices plunged below $100 a barrel after the US and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.

Business

Gas discovery off Egypt's coast comes at critical moment for Iran war

ENI and Egypt have announced a significant gas discovery in the Eastern Mediterranean — a potential boost for Cairo as the Iran war sends energy import costs rocketing.

Economy

Will the US Fed raise interest rates to fight Iran war inflation?

The US Federal Reserve is weighing whether to raise interest rates for the first time in years as the Iran war drives up fuel costs and pushes inflation further above target.

Business

Public holidays: How much does a day off cost in Europe?

Europe takes double-digit public holidays a year on average — but as Denmark showed when it axed one to fund its military, every day off has a price tag.

Economy

Germany's first Omani LNG shipments arrive despite Gulf disruptions

Germany's first Omani LNG deliveries are arriving on schedule — but analysis of the country's supply chain suggests Berlin's exposure to the Middle East crisis runs deeper than officials admit.

Economy

Cheaper drones: Europe's lesson from the Ukraine invasion and Iran war

As US and Israeli stockpiles drain against Iranian drones, the Bruegel think-tank warns Europe faces an even harder fight on its own doorstep

Business

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

The French energy giant is reported to have dominated the Middle East crude market in March, snapping up dozens of oil cargoes as wartime disruptions created a historic opening for traders.

Business

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

The Chinese electric vehicle giant posted a sharp drop in annual profit in 2025, squeezed by a brutal domestic price war — even as it outsold Tesla by more than 600,000 battery electric vehicles for the year.

Markets

Lagarde warns Iran war shock will last 'years' as European stocks slip

European Central Bank President Christine Lagarde has warned that markets are "overly optimistic" about the Iran war's economic impact, as stocks fell across Europe, Asia and Wall Street on Friday.

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.

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.

Business

Cars to defence: Will Volkswagen make parts for Israel's Iron Dome?

Volkswagen is reportedly in talks with Israeli defence company Rafael Advanced Defense Systems about potentially converting VW's Osnabrück plant, currently threatened with closure, to producing defence-adjacent parts.

Markets

SpaceX could eye record IPO this week as valuation soars past €1.61tn

Elon Musk's rocket and satellite company could file paperwork with US regulators as soon as this week, in a listing that would dwarf Saudi Aramco's record 2019 offering.

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