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Doloresz Katanich

Business

German firm Metro loses control of Russian business after Putin decree

Russian President Vladimir Putin has ordered that the assets of German retailer Metro AG be placed under temporary administration. The move comes amid escalating tensions between Germany and Russia over the Ukraine war.

Markets

Oil prices rise as bond sell-off hits global markets

Oil prices climbed further on Tuesday as uncertainty over US-Iran talks fuelled inflation fears. Government bond yields rose to multi-year highs, putting pressure on stocks.

Turkey

Turkey’s fund probe: Asset freezes lifted as AKP deputy chair quits

Turkish prosecutors have lifted asset restrictions on 45 companies and 19 funds amid an investment fund crisis affecting more than 450,000 investors. The decision comes after a deputy chair of President Recep Tayyip Erdoğan’s ruling party resigned amid allegations about her share trading.

Markets

Oil prices jump after Trump rejects Iran’s truce offer

Oil prices rose while stocks and bonds fell after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, reversing some of the optimism that lifted markets late last week.

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Economy

Why Norwegians are buying more Chinese EVs despite growing scepticism

Electric cars account for more than 95% of new car registrations in Norway, the highest share in the world. About one in four new EVs registered there are from fully or partly Chinese-owned brands.

Business

Over 2.8 million Audi and Volkswagen vehicles face recall worldwide

The German carmakers are to recall the vehicles because of a potentially faulty screw connection on the steering gear.

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.

Business

Bentley launches its first EV, and it could be its cheapest model

Bentley’s first fully electric car tests wealthy buyers’ appetite for luxury EVs, and it comes with a €408 million investment in its Crewe factory. The launch supports existing jobs at a time when several high-end rivals have delayed or dropped plans for electric models.

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

Higher fuel bills are costing the EU €270 million a day, report says

Diesel accounts for most of the extra road fuel cost. T&E estimates that an EU diesel driver paid €142 more over the period it studied, while a German long-haul truck faced an extra €236 a week.

Europe in Motion

Largest fuel crisis in history: Europe's most expensive fuel pumps

The global oil crisis sent petrol and diesel peaking over €2.4/L and €2.5/L, but figures adjusted for the cost of living give a better indication of which countries are feeling the pinch the worst.

Markets

Oil falls below $100 after Trump reports talks with Iran

Brent crude fell on Wednesday morning after Donald Trump said US and Iranian representatives had held what he called “very productive” talks. Reports that Saudi Arabia is restarting a key oil pipeline also weighed on prices.

Economy

Europe may avoid jet fuel shortage, but small airports remain at risk

Falling demand from November and increased shipments from Asia are expected to leave Europe with enough jet fuel in the coming months, although analysts warn that smaller airports could still run dry.

Economy

Czechia caps fuel margins and cuts diesel tax as prices soar

Czechia will cap fuel retailers’ margins, cut diesel duty and tax refiners’ higher profits as governments across Europe seek to limit rising fuel costs.

Business

Greek stock market joins world’s leading exchanges after debt crisis

The Greek stock market joined FTSE Russell’s developed-market group on Monday, potentially attracting more international investment, while recent credit rating upgrades reflect the country’s improving public finances.

Business

French diesel prices top €2.40 as European fuel costs hit records

As the Middle East war disrupts global oil supplies and refining costs soar, diesel prices in France have reached record levels, making them among the highest in the EU.

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.

Business

Russia seizes control over assets of Nestle, French firms

Russia has placed the local businesses of Nestlé, Auchan and other Western-linked companies under temporary administration. Nestlé is weighing its options, while Auchan and Lemana Pro say their Russian operations continue as normal.

Markets

European stocks edge lower as oil prices and bond yields retreat

Oil prices retreated while European stock markets opened lower on Friday after the Bank of Japan became the third major central bank in a month to raise interest rates.

Business

Europe versus the US: The world’s best cities in 2026 ranked

Europe claims four places among the world’s top 10 cities for economic strength, liveability and future potential: London, Paris, Dublin and Zurich. The US accounts for five, led by New York.

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