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Economy

IMF drops Eurozone's economic growth forecast to 1.1% from 1.4%

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Europe News

Péter Magyar walks line between Brussels and Beijing on China Trade

Economy

IEA warns of historic oil supply shock as Iran war disruption persists

Economy

IEA warns 'largest energy security threat in history' is under way

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Economy

Germany cuts fuel tax as oil prices surge on Iran blockade

Following tense exchanges between Economics Minister Reiche and Finance Minister Lars Klingbeil, the government held talks over the weekend. Will the coalition succeed in easing the burden on citizens, or will it collapse?

Economy

EU’s top 5 economies vs top 5 US states: How do they compare in GDP?

Top EU countries and US states appear one after the other in economic size rankings. However, US states surpass the top EU economies in GDP per capita, both in nominal terms and purchasing power.

Economy

Airport council warns: Hormuz closure poses major fuel shortage risks

In a letter to the EU, the Airports Council International warned that if Hormuz does not reopen within three weeks, paraffin shortages in Europe will be critical.

Economy

US inflation surges to 3.3% as Iran war fuels energy price shock

US consumer prices rose sharply in March, with headline inflation climbing to 3.3% year-on-year as energy costs spiked in the wake of the Iran war, official data showed on Friday.

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Economy

Petrol and diesel in Europe: Where are prices highest and lowest?

Petrol and diesel prices have risen significantly across Europe since the escalation of the Middle East crisis. Euronews Business takes a closer look at the latest fuel prices.

Europe News

EU rejects Trump's 'joint venture' to charge ships through Hormuz

Donald Trump has floated the idea of a "joint venture" to set up tolls in the Strait of Hormuz. The European Commission says this would be unlawful.

Economy

Could billions in frozen Iranian assets help the US unlock a deal?

Ahead of US-Iran negotiations in Islamabad on Friday, a top demand from Tehran will likely be the unlocking of its frozen assets abroad. Trump will have to consider handing back the fortune he once locked away.

Iran

Confusion reigns over Hormuz reopening as Iran issues new conditions

Normal shipping in the Strait of Hormuz has not yet resumed as per the ceasefire deal, as Iran consolidates its hardline, unilateral position on lifting its blockade in apparent contradiction of the rollercoaster ceasefire deal.

Economy

Why Europe’s energy prices could stay high even if the Iran war ends

Energy prices in Europe could stay high for a while, even though the region doesn’t rely heavily on the Strait of Hormuz. Here’s what’s behind it.

Economy

Shipping companies seek clarity on Strait of Hormuz reopening

Major shipping lines express cautious optimism over transit opportunities in the Strait of Hormuz after the US-Iran ceasefire was announced, but stress the urgent need for full clarity before any vessels move.

Economy

Japan passes biggest ever budget at €664bn amid spending push

The upper house of the Japanese parliament has enacted a state budget of ¥122.3 trillion (€664bn), the largest allocation in the country's history. The move reflects PM Takaichi's goal of an expansionary fiscal policy.

Economy

Will the US Fed raise interest rates to fight Iran war inflation?

The US Federal Reserve is weighing whether to raise interest rates for the first time in years as the Iran war drives up fuel costs and pushes inflation further above target.

Economy

Which were Europe's richest and poorest countries in 2025?

Gross domestic product per capita in purchasing power standards varies significantly across Europe in 2025. One in three people in the EU lives in a country where GDP per capita in PPS is above the EU average.

Markets

What could move markets this week? Here’s what investors are watching

European markets return from the Easter break on Tuesday, coinciding with a deadline set by US President Donald Trump for Iran to fully open the Strait of Hormuz.

Economy

Spain breaks jobs record with 22 million Social Security contributors

Spain's Social Security enrolment hit an all-time high in March, boosted by Easter Week, after more than 211,000 jobs were added and unemployment edged lower.

Economy

Is Dubai the safe harbour investors are looking for?

Business councils from across the globe, operating under the Dubai Chamber of Commerce, say the emirate offers what nervous investors want most: predictability.

Business

OPEC+ to hike crude output: Will it make a difference to oil prices?

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has agreed ‌to increase its crude output as the Middle East conflict continues to disrupt oil traffic passing through the Strait of Hormuz.

Economy

Middle East tensions drive global food prices higher for second month

The UN reported a second monthly rise in global food prices as the Middle East conflict drives up energy and fertilizer costs, threatening future harvests and yields despite currently stable market supplies.

Economy

France sends first Western European ship through Hormuz

A vessel owned by France’s CMA CGM has become the first ship tied to Western Europe to cross the Strait of Hormuz since the outbreak of the Iran war in late February, according to ship tracking data.

Economy

Trump unveils up to 100% tariffs on patented drugs

Companies in the EU, Japan, Korea and Switzerland face a lower, capped tariff rate under existing trade agreements with the US.

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Economy

Macron and Lee say they'll work together to reopen Strait of Hormuz

Iran warned the UN Security Council against any "provocative action", ahead of a scheduled vote on a draft resolution on the Strait of Hormuz that ended up being postponed.

Economy

Richest 0.1% hide more wealth than the poorest half of humanity owns

The world's ultra-rich have stashed around $2.84 trillion (€2.47tn) in untaxed offshore accounts, a figure that surpasses the combined wealth of the bottom 50% of the human population, according to a new report.

Business

Germany and Italy propose EU ‘kill switch’ for global stablecoins

Germany and Italy have proposed creating an EU regulatory framework for stablecoins to strengthen financial market safeguards, shifting the discussion from the technical to the political level.

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.

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Economy

Germany's first Omani LNG shipments arrive despite Gulf disruptions

Germany's first Omani LNG deliveries are arriving on schedule — but analysis of the country's supply chain suggests Berlin's exposure to the Middle East crisis runs deeper than officials admit.

Economy

Cheaper drones: Europe's lesson from the Ukraine invasion and Iran war

As US and Israeli stockpiles drain against Iranian drones, the Bruegel think-tank warns Europe faces an even harder fight on its own doorstep

Economy

Oil and gas prices will not return to normal after Iran war, EU warns

The EU has warned that oil and gas prices will not go down any time soon, even if the Iran war ends, citing pressure on fuel supplies and tight global markets, as it prepares support measures for households and businesses.

Economy

Algeria emerges as Europe’s key gas partner after Iran strikes

Algeria is acting as a "safety valve" for Europe, but cannot fully compensate for the loss of Qatari supply, energy expert Hashem Akl told Euronews.

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Economy

How a 'People’s IPO' is encouraging Central Asia into the stock market

A programme opening up major state-owned enterprises to ordinary citizens is set to reshape the country's capital markets and mint a new generation of investors.

Economy

Eurozone inflation jumps to 2.5% amid Iran war: Will ECB hike rates?

Consumer prices jumped at their fastest monthly pace since October 2022, driven almost entirely by the energy shock from the Iran conflict. Economists are split on whether Frankfurt will pull the trigger.

Economy

A new way to measure poverty shows the US falling behind Europe

The time needed to get $1 in international dollars is 63 minutes in the US. This is about twice the average in Germany, France and the UK according to an Oxford University researcher. This suggests that average poverty is significantly higher in the US.

Europe News

The EU's recipe for trade deals : easy on beef, tough on wine

Within weeks, the European Commission has wrapped up deals with Mercosur, India and Australia. Yet despite the backlash over the Latin America agreement, Brussels is sticking to a familiar playbook: offensive on wine and cars, defensive on beef.

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Europe News

EU Parliament unblocks key political hurdle in digital euro talks

After months of political gridlock in the European Parliament, EU lawmakers have overcome a key obstacle to the digital euro, bringing the proposal closer to approval.

Europe News

EU strikes political deal on customs reform

The new customs reform is designed to adapt the bloc to rising trade volumes amid US-related uncertainties and new trade deals with South America and Australia.

Economy

Spain's inflation jumps to 3.3% as Iran war drives energy costs higher

Spain's consumer prices have risen at their fastest rate since 2024, reaching 3.3% year-on-year in March, driven by surging energy costs linked to the ongoing Iran conflict, according to the Spanish national statistics agency.

Economy

Is Iran using cryptocurrencies to circumvent sanctions?

Experts say Iran's Revolutionary Guards are using cryptocurrencies to circumvent Western sanctions and finance allied militias.

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Economy

Is Europe sleepwalking into its worst gas crisis since 2022?

European gas prices have surged 70% and storage is running low. Supply disruptions, rising inflation and the prospect of ECB tightening are raising fears of a repeat of the 2022 energy crisis.

Economy

Germany's armed forces association calls for shift to 'war economy'

The German Armed Forces Association is warning of a growing Russian threat, a weakened Europe and an unreliable Washington — while the Iran conflict pours billions into Putin's coffers.

Markets

A month into the Iran war, bond yields surge and inflation fears mount

Nearly a month into the Iran war, government bond markets have sharply repriced. Surging oil and gas costs have stoked inflation expectations and forced a rethink on central bank policy.

Economy

OECD cuts eurozone growth forecast as energy prices surge

The OECD said Thursday it was cutting its eurozone growth outlook and forecasting higher inflation for 2026 after the Middle East war caused energy prices to skyrocket.

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Economy

War-driven disruptions push Central Asia to rethink agriculture

Rising geopolitical tensions are disrupting Central Asian agriculture, boosting global food prices, straining supply chains and pressuring exports. Experts stress regional cooperation, diversification, and innovation as key responses.

Europe News

EU lawmakers support EU–US trade deal, with conditions attached

The European Parliament on Tuesday cleared the way for the implementation of the Turnberry agreement, but the safeguards attached by lawmakers must still be approved by EU member states before tariffs on US goods can be reduced to zero.

Economy

Who won and who lost from a year of US tariffs?

A report published this month by the McKinsey Global Institute offers one of the most rigorous accountings of last year's trade war. Its verdict confounds almost every prediction made when the tariffs were first introduced.

Economy

G'day to cheaper Champagne: EU-Australia deal boosts European products

After eight years of fraught negotiations, Europe and Australia have finally struck a trade deal. From champagne to critical minerals, here is what changes — and for whom.

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