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How much did electricity and gas prices go up due to the Iran war?
Household gas prices rose across EU capitals between early February and early April, reflecting the impact of Middle East tensions. However, electricity prices fell on average, highlighting diverging trends in Europe’s energy markets.
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Business
Musk and Cook join Trump on China visit to talk trade and AI
A high-level delegation of business executives is travelling to China with US President Donald Trump on Wednesday, with the inclusion of Jensen Huang underscoring how AI chip exports and advanced technology trade are likely to be central to discussions between the two nations.
Business
Telekom and Rheinmetall build anti-drone defence system
Suspicious drone flights over airports, barracks and critical infrastructure are increasing. German companies Telekom and Rheinmetall plan to jointly develop a system capable of detecting, disrupting and intercepting drones in emergencies.
Business
Saudi Aramco profits jump 25% as Iran war drives oil prices higher
Saudi Aramco said Q1 profit rose 25% as the Iran war disrupted global oil supplies and pushed up prices. The company shifted some exports away from the Strait of Hormuz via its East-West Pipeline, which is now operating at full capacity.
Business
Iraq announces huge oil find near Saudi border as Hormuz crisis bites
Iraq has the fifth largest proven oil reserves in the world, estimated at 145 billion barrels, representing about 17% of total Middle Eastern reserves and around 9% of global reserves, according to the US Energy Information Administration (EIA).
Business
Europe’s AI Conundrum: Watch the Brussels Economic Forum 2026
The Brussels Economic Forum (BEF) is the European Commission’s annual flagship economic event. For more than 25 years, it has brought together political leaders, business representatives, civil society, academics, and key economic actors to engage in forward-looking discussions on key issues shaping
Business
Lufthansa hits record revenue as Iran war fuel costs eat into profits
The German airline group posted its highest-ever revenue in 2025 and improved its first-quarter results, but soaring jet fuel costs linked to the Iran war are forcing route cuts and pushing annual profit below initial forecasts.
Business
Where are billionaires multiplying the most over the next five years?
Europe's share of global billionaires is set to rise marginally, while the Americas will see a slight decline despite growing in absolute numbers. Euronews Business takes a closer look at the billionaire boom between 2026 and 2031.
Business
European bank profits rise amid markets rattled by Iran war
Three of Europe’s biggest banks delivered record or above-forecast profits on Wednesday. TotalEnergies posted strong earnings, while Mercedes-Benz turned more cautious as collapsing China sales and geopolitical uncertainty weighed on the outlook.
