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Markets

Gold continues price surge as investors monitor Middle East tensions

Gold prices have touched a new record high, as tensions between Iran and Israel intensify, leading to more safe haven asset purchasing.

Europe News

Operation 'Aspides': 11 Houthi attacks repelled and dozens of escorts

So far, the European mission has proven successful in stopping the Iran-backed rebel group's attacks.

Business

Adidas profits take the rap after ending Ye connection

Adidas reports first annual loss in three decades as sales take a hit after the company stopped sales of the popular Yeezy sneaker line.

Yemen

First fatal attack by Houthis kills three in Red Sea

The attack by Houthi rebels against a civilian merchant ship came as the White House threatened a counter-attack.

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Yemen

'Disaster' looms as sunk ship leaches fertilizer into Red Sea

Water supplies for millions, a vibrant fishing industry and some of the world's largest coral reefs are at risk after a cargo ship was sunk by Yemen's rebels.

Yemen

US and UK strike Houthi targets in Yemen after shipping hit in Red Sea

The US and UK said they hit 18 Houthi targets in Yemen on Saturday, after a recent surge in attacks by the Iran-backed militia group.

World News

Attack on cargo ship in Red Sea caused a miles-long oil slick

The US military has in recent weeks launched waves of strikes on Houthi-held areas inside Yemen in response to the Houthis’ attacks on shipping routes in the Red Sea.

Travel News

Euroviews. Back-up plans and good governance make tourism more resilient

As we celebrate UN Global Tourism Resilience Day, let us commit to building an industry that thrives in the face of adversity, safeguarding the livelihoods of millions, and ensuring the sustainability of this vital sector for generations to come, Dr Maryam Ali Ficociello writes.

Europe News

EU launches Red Sea mission to protect vessels from Houthi attacks

The European Union on Monday formally launched a bespoke naval mission to protect commercial vessels in the Red Sea from attacks by Iran-backed Houthi rebels.

Economy

Eurozone trade: Here's why imports and exports declined in December

Eurozone imports and exports declined in December 2023, according to first estimate data released by Eurostat on Thursday. Euronews Business summarises the data and findings.

Yemen

US warns of more attacks on Iran-backed militants

After a series of airstrikes over the weekend, the United States warns of further retaliation if Iran-backed militias continue their attacks.

Israel

EU concerned by 'domino effect' of Israel Hamas War

EU Foreign Affairs chief Josef Borrell calls for parties to help halt escalation of the conflict in the Middle East, and the EU is worried that Israel might extend the war in Gaza to a 'pressure cooker' town near Egypt.

Europe News

EU naval mission to protect ships in Red Sea set to launch in 3 weeks

A European Union naval mission to protect commercial shipping in the Red Sea from missile attacks by Houthi rebels in Yemen is expected to be launched on February 19, the bloc’s top diplomat announced on Wednesday.

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.

Economy

Middle East tensions fuel chances of oil price surge

Following a drone attack on a US airbase in Jordan, the Middle Eastern conflict could get worse. US President Joe Biden says his country "will hold all those responsible to account at a time and in a manner of our choosing".

Yemen

Crew extinguish fire on tanker hit by Houthi missile off Yemen

The incident comes after US forces targeted the Iran-backed rebel group in a fresh airstrike.

Yemen

Euroviews. The Houthis are the epitome of 21st-century non-state actors

The Houthi resistance against a coalition of regional and even far-off powers has only fueled their reputation, transforming them from a marginalised local group to an influential regional actor, Hafed Al-Ghwell writes.

Economy

Inflation risk as Red Sea attacks send shipping costs sky high

Houthi attacks in the Red Sea have disrupted crucial trade routes between Europe, the Middle East, and Asia, leading to concerns of renewed inflationary pressures.

Yemen

Who are Yemen’s Houthi rebels?

The group, a Zaidi Shiite movement that’s been fighting Yemen’s Sunni-majority government since the early 2000s, recently launched a series of attacks on commercial vessels in the Red Sea which have disrupted global trade.

Yemen

US launches another barrage of missiles against Houthi sites in Yemen

The US Navy said missiles hit 14 Houthi military targets that were preparing to launch further salvos at merchant vessels.