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Markets

Markets rebound: Easing geopolitical tension brings recovery

European stock markets have bounced back after a three-week losing streak, bolstered by eased geopolitical tensions and robust corporate earnings. Meanwhile, Wall Street is also set for a positive week, with performance influenced by the outcomes of major tech company results.

World News

Israeli intelligence chief resigns over 7 October attack

The head of Israel's military intelligence directorate resigned on Monday over failure to stop Hamas' shock assault that sparked the war in Gaza.

France

Man detained after police operation at Iranian consulate in Paris

Police said they detained a man behaving suspiciously outside the Iranian embassy in Paris on Friday.

Europe News

Shipping firms plead for UN help amid escalating Middle East conflict

The world's shipping industry has called on the United Nations to provide military protection for vessels operating in the Middle East after the latest seizure of a container ship by Iran, although much commercial traffic between Asia and Europe has already been re-routed around Africa.

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Economy

Could oil price surge derail the ECB's plans for a rate cut in June?

Latest developments in the Middle East raise concerns about a potential broader conflict and its global economic ramifications. Key worries for Europe include whether escalating energy prices might influence the European Central Bank's (ECB) decision-making regarding a planned rate cut in June.

Climate

Did cloud seeding really cause Dubai’s record rainfall and flooding?

Meteorologists and climate scientists said the extreme rainfall is akin to what the world expects with human-caused climate change.

Israel

Euroviews. For Israel, Iran's attack is an opportunity to not miss an opportunity

Saudi Arabia's recognition of Israel would put an end to historic tensions between Israel and much of the Arab world, paving the way for enhanced economic ties, security collaboration, and broader reconciliation with other Arab nations, Mati Gill writes.

United Arab Emirates

UAE fights to recover from unprecedented floods

Dubai airport has partially reopened to flights after its runways were inundated with rain.

Business

EasyJet cuts winter losses as more passengers take to the skies

EasyJet's latest report shows better performance in winter and the launch of new operational bases.

Europe News

EU leaders weigh Lebanon partnership in response to Middle East crisis

EU leaders have supported deeper engagement with Lebanon to help safeguard it from the repercussions of the crisis gripping the Middle East, Charles Michel has said.

United Arab Emirates

Heaviest rain ever recorded falls on UAE

Authorities deployed tankers to pump away the water, but the lack of regular rainfall means many roads lack proper drainage.

Economy

Eurozone growth set to rebound as ECB cuts interest rates, IMF says

IMF expects the Eurozone to recover from 2023's 0.4% growth, with projected rises to 0.8% in 2024 and 1.5% in 2025. Inflation decline allows central banks to consider rate cuts, but Middle East tensions threaten to hike oil prices and shipping costs, potentially dampening the economic outlook.

Markets

European markets slump as investors weigh Middle East developments

European markets were all in the red on Tuesday afternoon as traders continued to monitor developments in the Middle East - and digest fresh economic data from China.

Europe News

EU scrambles to rein in a spill-over in the Israel-Iran conflict

As Israel weighs its options for a potential response to Iran's aerial attack on Saturday, its European allies are pleading for restraint to prevent a major regional spillover of the conflict.

Israel

Revenge, geopolitics and ideology: Why did Iran attack Israel?

Iranian missiles and drones rained down on Israel on Saturday, tipping the pair close to war. But why? What is driving hostility between Israel and Iran?

Israel

'Don't': US president cautions Iran over potential strike on Israel

US President Joe Biden has cautioned Iran over a suspect attack on Israel, while Israeli settlers attacked a village in Palestine, killing one and wounding more than 20.

Travel News

Discover Riyadh: 5 unmissable adventures in Saudi Arabia’s capital

With a new airline flying in 2025, now is the time to visit.

Cyprus

UK ‘bases of death’ see controversy amid Middle East conflict

Activists claim the UK and US use Cyprus as an "unsinkable warship” as recent conflicts in the Middle East spark renewed controversy over British military bases on the Mediterranean island.

Azerbaijan

President of Azerbaijan sweeps election - exit polls

Exit polls show president achieving 93.9% support, rising to nearly 100% in Karabakh.

Economy

EU price rises on the cards? Expert insight on Red Sea economic impact

Houthi attacks in the Red Sea have disturbed vital trade routes connecting Europe, the Middle East and Asia. Euronews Business spoke to Dr. Yousef M. Alshammari, Senior Research Fellow at Imperial College London, to explore the consequences for the European and global economy.