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Economic crisis

Business

Fuel prices in Italy: tax cuts end, diesel rises and hauliers threaten strikes

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Bolivia

Congress ratifies $1.9 billion IMF deal to ease deep economic crisis

La Paz hopes the deal, awaiting final authorisation by the IMF’s executive board, will open other lines of finances from different institutions, like the World Bank, as the country works to restore its struggling credit status.

Iran

Kilometre-long petrol queues in Iran signal further strain on Tehran

Lines formed outside Tehran petrol stations from midnight as a daily shortfall met with panic buying, while officials denied a shortage and said prices would have to change, without clarifying when or by how much.

Iran

Iran calls for end to war from 'position of power' as US ups pressure

President Pezeshkian said Iran was in a position of "power and dignity" and should end the war on its own terms, even as Washington prepares to ramp up economic sanctions it described as "Economic D-Day."

Europe in Motion

How many EU citizens are unable to afford a holiday away?

The number of EU citizens who can afford a week off varies across the bloc, with the rising costs of accommodation, transport, and food cited as reasons for holiday poverty.

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Travel News

Holidays remain out of reach for millions of Spaniards

As Spain nears a record for foreign tourists, OCU tells Euronews that "holidays should not be a luxury" as rising living costs force many families to skip a break.

Venezuela

Venezuela calls for release of frozen assets to help quake recovery

Meanwhile, the United Nations launched an urgent appeal on Wednesday to raise €259 million for relief operations.

Europe News

Porsche plans Cayenne return to Leipzig as staff face pay cuts

The Cayenne is set to return to Germany. But the planned move of production to Leipzig apparently comes at a high price, with staff expected to give up part of their pay.

Business

Spaniards now spend half their salary on rent

An estate portal study shows the average wage share has risen 12 percentage points since 2019. Madrid and Catalonia, with 70% of pay, top the regional ranking.

Economy

Where in Europe do households save most of their income?

Net household saving rates vary widely across Europe, with Greece being the only country where households spend more than they earn. Experts point to precautionary reasons and retirement as the dominant saving motives.

Business

Average rent now eats up 98.7% of young people's wages in Spain

The youth emancipation rate fell to 14.5% in 2025, the worst figure on record, says Spain's Youth Council, adding that a young person must spend almost all their wages to rent a home alone.

Interview

Global shocks will slow down economic growth in Africa, IMF warns

According to the IMF's report, regional growth is expected to decline by 0.3 percentage points, and some 20 million people in Africa now face the risk of food insecurity as the Iran war raises energy and food prices.

Economy

Iran war slashes Germany's growth outlook by 50%, with deficit at 4.2%

Germany's top economic institutes say the Iran war is exposing structural weaknesses that predate the conflict — and warn that without reform, the country risks permanently underperforming its growth potential.

Economy

IEA: Global economy faces ‘major, major threat’ because of Iran war

War in the Middle East has 'severely' damaged more than 40 energy assets across nine countries, said the head of the International Energy Agency, as he warned of deepening risks to the global economy.

Business

Lebanon’s €42.4bn gold dilemma: A crisis lifeline or a last resort?

As trust in banks evaporates, citizens buy coins and jewellery while officials argue over whether to unlock the nation’s vast reserves.

Economy

Can economics education help to shield democracy from populism?

By learning how societies navigated past downturns, students build empathy, critical thinking and resistance to simplistic blame games that fuel the far right and populism — according to a Council of Europe body.

Europe News

Germany's top firms present investment push to revive economy

Around 60 leading German companies pledged a major "Made for Germany" investment initiative on Monday, aiming to boost investor confidence in the country after two years of recession.