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Economy
RCERO Ljubljana: a recycling tale
Waste recovery is necessary to reduce the increasing quantity of landfill and other forms of rubbish dumping. Garbage can be transformed into fuel, wood, compost and other materials. Doing this can help to cut contamination, greenhouse gas emissions and landfill use.
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Economy
US debt tops $40 trillion as Treasury doubles bond buybacks
The US Treasury moved on Wednesday to calm a bond market rattled by surging borrowing costs, doubling the size of its debt buybacks hours before separate figures confirmed that the national debt had climbed past $40 trillion (€34.4tn) for the first time.
Economy
Which food prices could rise as war and heatwaves hit supplies?
Global food prices are expected to increase by double digits in 2026 as Russia's escalating war in Ukraine worsens the impact of other food price shocks, according to Oxford Economics. Wheat is expected to face the greatest pressure, likely pushing up bread and pasta prices.
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Economy
Midnight showdown looms as US and Canada meet to avoid Trump tariffs
The US and Canada are locked in last-minute talks to prevent a fresh wave of tariffs from striking at 00:01 ET on Wednesday. US President Donald Trump has vowed to slap 50% duties on $20 billion (€17.2bn) worth of Canadian products if a deal is not reached in time.
Economy
Trump imposes drone tariffs of up to 100% with a lower rate for the EU
US President Donald Trump has imposed tariffs of up to 100% on imported drones and their components, with EU manufacturers facing a preferential rate of 15% and British firms 10%, in a measure meant to rebuild American production of a technology central to modern warfare.
World
US claims billions lost to tariff evasion through third countries
The US loses billions in annual revenue to the practice of routing goods through intermediate countries to disguise their origin, a White House report has estimated. Peter Navarro said US Customs was already using AI to identify offenders.
Economy
Inflation in Spain rises to 3.6% in July, worst rate in over two years
Spain has logged five months in a row of annual inflation above 3%, driven by costlier electricity and fuel as the partial closure of the Strait of Hormuz persists. In July, power prices top €100 per MWh, the highest year-on-year figure since 2022.
Economy
US inflation eases to 3.4% in July as Fed's next call stays uncertain
US inflation eased for a second month in July, with consumer prices rising 3.4% from a year earlier, down from 3.5% in June, exactly as economists had forecast, a reading that hands neither side of a divided Federal Reserve fresh ammunition before next month's rate decision.
Economy
Extreme heat threatens Italy's Parmigiano-backed loans
Extreme heat is squeezing Italy's "cheese banks", the climate-controlled vaults in Emilia-Romagna where hundreds of thousands of Parmigiano Reggiano wheels sit as collateral for farm loans, pushing up energy bills and thinning the milk supply that fills them.
Economy
Spain's wildfire bill: up to €3.275 billion for firefighting alone
The area burned in Spain in 2026 is almost half that destroyed last year, putting firefighting costs between 1,723 and 3,275 million euros. This impact is compounded by losses in tourism and agriculture, and experts stress the importance of prevention.
Economy
ECB holds rates at 2.25% as reignited Iran war boosts inflation fears
The European Central Bank left interest rates unchanged on Thursday, pausing after June's first hike in three years as easing inflation bought policymakers time, while renewed fighting in the Middle East caused a new rise in energy prices, keeping another hike firmly on the table for autumn.
Economy
Oil producers race to build alternatives to Hormuz as oil hits $100
Gulf oil producers are spending billions of dollars on pipelines designed to route crude around the Strait of Hormuz, as Iran's grip on the waterway drags on causing oil prices to hit $100 a barrel for the first time since May.
Economy
New UK PM touts 'cost of living government' with tax cut and £2 buses
Andy Burnham has used his first days in Downing Street to scrap the 5% VAT charged on household electricity bills and cap single bus fares in England at £2, telling his new cabinet that Britain now has a "cost of living government".
Economy
Food inflation to soar due to energy and fertiliser crisis, UN says
Rising energy and fertiliser prices are likely to continue contributing to food inflation globally, the UN warned in its latest report. This in turn can drive up the cost of a healthy diet and threaten progress against global hunger.
Economy
One in five EU jobs classed as vulnerable and Spain tops the list
Close to one in five jobs in the European Union qualifies as vulnerable on at least one of three counts, inadequate pay, insecure employment or a lack of workplace rights, according to a new report from Eurofound, which places Spain at the top of the table.
Economy
Eurozone inflation at 2.8%: Will it be enough for the ECB to pause?
Eurozone inflation was confirmed at 2.8% for June on Friday, marking the first decline this year and giving the European Central Bank a timely argument to keep its deposit facility rate unchanged at 2.25% when it meets this week.
Economy
EU unveils banking reforms to unlock billions in investment
In a bid to reduce fragmentation in the EU banking sector and meet companies’ growing investment needs, the European Commission has unveiled proposals aimed at making banks more competitive and potentially unlocking billions of euros for investment, but obstacles remain.
Economy
Does your salary buy as much as five years ago? Europe compared
Real wages fell by almost 2% in the eurozone between early 2021 and early 2026, but the impact on workers’ purchasing power varied sharply across Europe. Euronews Business examines where wages gained and lost the most — and why.
Economy
Heatwaves could drive Europe's food prices higher next year
While food inflation has eased across the eurozone, economists say this summer's extreme heat is now a bigger threat to next year's supermarket prices than the recent Iran war, as damaged harvests could outweigh the fading impact of higher oil and fertiliser costs.
Economy
China's economic growth hits slowest pace in more than three years
China's economy grew 4.3% year on year in the second quarter, its weakest pace since late 2022, as weak domestic demand and a prolonged property downturn outweighed strong exports, increasing pressure on Beijing to provide more economic support.
Economy
ECB selects 36 payment providers for digital euro pilot
The European Central Bank (ECB) has selected 36 payment service providers to help test the digital euro in a year-long pilot from 2027, marking the latest milestone in the EU's effort to create a digital form of central bank money while reducing reliance on foreign payment networks.
Economy
France shuts down nuclear reactors as heatwave intensifies
France's state-owned energy group EDF has temporarily shut down three nuclear reactors, while seven others could be operating at reduced power. France's largest electricity producer said the move was required to comply with environmental regulations.
Economy
Holiday prices in Europe: Which country is cheapest?
Where will your holiday money go furthest? A Euronews Business analysis of prices across seven of Europe's most popular holiday destinations found that Turkey is the cheapest overall, but the most expensive for alcohol, while Portugal offers the best value for accommodation and restaurants.
Economy
Global oil demand set for first annual drop since COVID, IEA says
Global oil consumption is on course to shrink this year for the first time since the COVID-19 pandemic, the International Energy Agency has said, as the war between the US and Iran throttled Gulf exports, though the IEA also noted supply increased in June.
Economy
Central banks face warning over rate cuts and inflation risks
Economists at the Tashkent Monetary Policy Dialogue warned that premature rate cuts could keep inflation above target. Uzbekistan’s lower inflation, falling expectations and reduced dollarisation show how credibility shapes monetary policy.
Economy
The five fastest-growing economies in Europe over the next five years
The IMF expects the eurozone to grow by little more than 1% a year through 2031. Yet some of Europe's fastest growth is forecast in smaller economies, with war-hit Ukraine among the countries expected to outpace the eurozone by more than two to one.
Economy
OPEC+ agrees another modest output rise as oil prices continue to fall
Seven countries in the OPEC+ alliance agreed to lift their combined oil output by a modest 188,000 barrels per day in August, adding supply just as crude prices slide back to levels not seen since before the Iran war erupted.
Economy
Gender pay gap vs pension gap: Why is inequality worse in retirement?
The gender pension gap in the EU is more than double the gender pay gap. Experts point to additional factors, including gaps in hours worked and contribution years, which largely result from gender roles and unpaid care work.
Economy
Inflation tumbled in June: where did prices cool the most in Europe?
Inflation fell more than expected across the single-currency bloc in June, easing pressure on the European Central Bank (ECB) and reviving hopes that the energy-driven spike triggered by the war in the Middle East is finally fading.
Economy
Iran's inflation spiral deepens as rial slides and tensions rise
As Iran's rial falls to record lows amid escalating military tensions in the Persian Gulf, a sharp rise in inflation is pushing up the cost of basic necessities, with low-income households and rural communities bearing the brunt of the crisis.
Economy
The AI boom could trigger the next crash, central banks warn
The vast surge of investment in AI, which has powered global stock markets to record highs, risks ending in a financial bust, the Bank for International Settlements warns, as the build-up’s hidden costs begin to surface in company accounts and consumer prices alike.
Economy
Brent crude falls below $74 for first time since Iran war began
Brent crude dropped below $74 a barrel on Wednesday for the first time since the start of the Iran war in late February, as investors continued to price out the geopolitical risk premium that had driven energy markets higher during the conflict.
Economy
A decade after Brexit, Britain weighs costs and gains
Ten years to the day since Britain voted to leave the EU, the economic reckoning is neither the collapse its opponents feared nor the renaissance its champions promised, and the anniversary arrives with the country once again leaderless, after Sir Keir Starmer's resignation on Monday.
Economy
Can the Caucasus and Central Asia become the next investment frontier?
For decades, international investors have focused on established destinations such as North America, Europe, China and, more recently, Africa. But as economic uncertainty and geopolitical tensions reshape global capital flows, attention is increasingly turning to the Caucasus and Central Asia.
Economy
Economist: Germany’s economy needs “bold revolutionary approach”
Germany is Europe's largest economy. Poland is Europe's most successful one. For economist Marcin Piątkowski, that sounds like a "match made in heaven." In an interview with Euronews, he explains what Germany can learn from Poland's remarkable economic success story.
Economy
Average rents in European cities: Which countries are most expensive?
Housing accounts for the largest share of household spending, but rents vary dramatically across Europe. Eurostat's latest data show which cities are the most expensive for tenants and where renting remains relatively affordable.
Economy
The US gains a new ultra-rich every 90 mins. What about Europe?
Europe's ultra-rich population has surged by a quarter over the past five years. On average, more than 20 people join the continent's $30m+ wealth club every day, while 89 people worldwide cross the $30 million wealth threshold daily.
Economy
Warsh takes the helm: What to watch as the Fed weighs rate decision
The Federal Reserve opens a new chapter on Wednesday as Kevin Warsh chairs his first policy meeting. While interest rates are widely expected to remain unchanged, investors will be hunting for the first clues to how the US central bank's new leader intends to steer it.
Economy
Oil sinks to three-month low as IEA warns stocks at 35-year low
Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end. This comes as strategic oil reserves in advanced economies have fallen to their lowest level since 1990, according to the IEA.
Economy
From €36,300 to €1.2 million: Europe's vast retirement wealth gap
The wealth gap among older Europeans is huge: households aged 65-74 in Luxembourg have a median net wealth of €1.22 million, compared with just €36,300 in Latvia. The figures highlight how housing, pensions and family support shape retirement security.
Economy
France or Germany: Where do workers take home more pay?
Workers' take-home pay varies dramatically across Europe, with annual net earnings ranging from under €13,000 to more than €54,000. While adjusting for living costs narrows the gap between eastern and western Europe, significant differences remain.
Economy
EBRD lowers growth forecast as energy shock hits economies
Economic growth across the European Bank for Reconstruction and Development's regions is expected to slow more sharply than previously forecasted this year, largely due to inflation rising to 6.4% due to the Iran war, which has pushed up energy prices.
Economy
China's factory activity flatlines casting doubt over the economy
China's manufacturing sector barely held its ground in May, with official data showing activity slipping to its weakest reading in three months as the fallout from the Iran war and entrenched domestic weakness raise fresh doubts about Beijing's growth ambitions.
Economy
What's left of a €100,000 salary after tax across Europe?
Eastern Europe generally offers higher take-home pay on a €100,000 gross salary, whereas Western and Northern Europe tend to show lower net figures at this income level. Tax calculations are complex, and Euronews Business provides approximate estimates.
Economy
Oil stocks drain at record pace as IEA warns of renewed price swings
The International Energy Agency says the oil market is likely to remain in deficit until the final quarter of the year, as disruptions at the Strait of Hormuz continue to constrain supply, increasing the risk of renewed price volatility.
Economy
How solar and wind projects are accelerating the energy transition
Authorities in Uzbekistan say 5,600 megawatts of solar and wind capacity have already been added to the national grid through international partnerships. New investments now focus on energy storage, AI infrastructure, and large-scale data centres linked to the energy transition.
Economy
US Treasury enlists banks to target Iranian money laundering schemes
The US Treasury has directed banks to intensify their monitoring of Iranian money laundering networks that enable funds from sanctioned oil. The move is part of the wider strategy to pressure Iran into a deal as negotiations stall.
Economy
Gold or oil: Which shields you best from Iran war inflation?
Conventional wisdom holds that gold protects investors during war and inflation. The Iran conflict has turned that assumption on its head. Since the outbreak of the war, Brent crude has rallied 37%, while gold has fallen 10%. The driving force is interest rates, not geopolitics.
Economy
Pacific economies face slower growth amid energy market pressure
Rising fuel and fertiliser import costs are placing growing pressure on economies across Asia and the Pacific, especially small island states that rely heavily on imports. The Asian Development Bank (ADB) says governments are accelerating energy transition and resilience measures in response.
Economy
US Fed leaves rates unchanged as Powell set to remain on board
A divided US Federal Reserve has held interest rates steady for a third consecutive meeting, as policymakers grapple with heightened uncertainty linked to the war in the Middle East. The decision is expected to be the last overseen by Chair Jerome Powell.
Economy
Fuel prices in Europe: Before Iran war versus after the ceasefire
Fuel prices in Europe rose rapidly following the US–Israel strike on Iran and peaked shortly afterwards. While prices declined moderately after the ceasefire, both diesel and petrol remain notably higher than pre-strike levels.
Economy
Richest countries in 2026: France and Germany fail to make the top 10
Measures of “richest countries” can be misleading. A new prosperity index — looking at income, GDP and how wealth translates into quality of life, social cohesion and long-term development — does not place the US, Germany, or France in the top ten.
Economy
Germany halves GDP forecast from 1% to 0.5% due to Iran war fallout
The German government has officially halved its economic growth forecast for 2026, citing the severe impact of energy shocks stemming from the Iran war. This revision reflects a significant cooling for Europe's largest economy.
Economy
UK inflation hits 3.3% as Iran war drives energy costs higher
British consumer prices rose at a faster pace in March, reaching 3.3% as the ongoing Iran war sent fuel prices soaring. The data has forced markets to reassess expectations for the Bank of England, with a previously anticipated interest rate cut next week now looking very unlikely.
Economy
Rome and Caucasus set to further discuss closer energy ties
The Italian prime minister is expected to visit Azerbaijan in the coming weeks to continue political dialogue and energy cooperation between Rome and Baku, with Azerbaijani gas supplies via the Trans Adriatic Pipeline remaining a key pillar of bilateral ties.
