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Europe News

'We should never have signed this trade deal,' leading MEP says

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Economy

Shipping giant MSC opens new trade route to bypass Hormuz disruption

Europe News

EU and US trade chiefs to meet as tariff tensions escalate

Europe Today

Donald Trump's EU car tariffs ‘targeting Germany,’ says key German MEP

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Economy

Irish economic miracle explained: Why all that glitters isn't gold

Ireland's GDP soared 12.3% in 2025 — but it was a mirage. Pharma multinationals front-loaded €25.4bn of exports to the US in March alone, ahead of Trump's tariffs. Now the first quarter of 2026 sees a contraction.

Economy

Fertiliser crisis caused by Iran war sparks global food security fears

The Iran war and the consequent blockade of the Strait of Hormuz has triggered a severe "fertiliser squeeze" as soaring energy costs and export disruptions push farmers' affordability to a four-year low.

Europe News

EU vows to fight ‘tooth and nail’ for industry after China threats

In an interview with Euronews, EU Trade Commissioner Maroš Šefčovič said the European Union would stand its ground after China threatened retaliatory measures over plans to strengthen the bloc’s industrial policy.

Economy

ECB holds rates at 2% as inflation rises and eurozone growth slows

The European Central Bank has held interest rates at 2% for a third straight meeting, even as inflation rises and growth slows across the eurozone.

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Iran

Trump tightens naval blockade as Iranian rial collapses to record low

The latest drop follows a currency shock several months ago, when the rial fell from around 1.4 million to 1.6 million per US dollar in under a week, as the war moves turns into an economic clash to exhaust the Iranian regime' options.

Economy

Inflation hits 3% in euro area as Iran war spreads oil price shock

Soaring oil prices linked to the Iran war pushed inflation higher in the euro area in April, while growth continued to underperform — a worrying combination for both consumers and policymakers at the European Central Bank.

Economy

French growth stalls as Iran war energy shock hits economy

France's first-quarter data shows slowed growth, rising prices and collapsing exports, laying bare how quickly the Iran war's energy shock is feeding through to Europe's second-largest economy.

Markets

Oil hits $126 wartime high as US–Iran standoff fuels supply fears

Oil markets face upward pressure on Thursday, with Brent crude briefly touching $126 as markets price in tensions in the negotiations between the US and Iran.

Economy

Why labour taxes in Germany and France are far higher than in the UK?

Across Europe, the share of labour costs taken in tax and social contributions varies sharply. The UK is among the lowest, but the headline figure masks wider differences in how work is taxed across the continent.

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.

Europe News

China pushes EU to scrap 'Made in Europe' law or face retaliation

As EU countries debate the European Commission’s proposal, Beijing is urging national governments to abandon the planned law. Otherwise, China says it will take countermeasures.

Economy

Energy prices drive up inflation in Germany, Spain before ECB decision

Inflation rose in both Germany and Spain in April, driven mainly by higher energy costs linked to global geopolitical tensions, keeping eurozone price growth above the European Central Bank’s 2% target.

Economy

Qatar rolls out business relief package amid Iran war

Qatar has introduced new measures to maintain market stability and reinforce investor confidence as regional tensions weigh on economic sentiment.

Economy

How AI is forcing central banks to rethink inflation and rates

Central banks are racing to understand how AI is reshaping inflation — and they do not all agree on the answer.

Economy

Finland launches Europe's first full lithium mine-to-refinery product

Europe’s first complete lithium mine begins operating in Syväjärvi in western Finland. The strategic resource is critical for manufacturing modern electronics.

Europe News

China hawks are gaining ground in the Commission

The European Commission's services are sizing up tools to counter Chinese rivals, including the Anti-Coercion Instrument. But despite mounting pressure from Beijing, the issue is still in its early stages — and EU member states remain divided.

Economy

Iran war to trigger largest energy price surge since 2022, report says

The World Bank’s latest Commodity Markets Outlook report predicts a 24% surge in energy prices this year as the Iran war delivers a historic shock to global supply chains.

United Arab Emirates

UAE leaves OPEC, citing national interest in 'a new energy age'

The UAE’s historic decision is a major blow to the alliance of oil producers, just as the global energy crisis is escalating over Iran’s blockade of the Strait of Hormuz, but the Gulf state insists its decision “enhances the UAE’s ability to respond to evolving market needs."

Markets

Euronews explains: What are eurobonds and why is it dividing the EU?

What are eurobonds, and how could they help the European economy? Why is France pushing for more joint debt, and will it work? Euronews examines the case behind an asset that central banks and economists increasingly say makes economic sense but remains politically toxic for the EU.

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.

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Economy

Europe’s wage growth since 2020: Are Europeans better off?

Taking into account nominal growth and inflation, real hourly wages declined by 3% in the EU over the past five years. Wage growth was stronger in non-euro area countries and in those with lower wage levels.

Economy

ECB rate dilemma: Eurozone growth stalls as Iran war fuels inflation

The European Central Bank faces heightened uncertainty ahead of next week’s rate decision, with President Christine Lagarde warning the "stop-start nature" of the Iran war is making the economic outlook harder to assess.

Europe News

Mercosur: MEPs warn of concentration risk from quota system

A letter obtained by Euronews is circulating among MEPs sounding the alarm on the potential abuse of the EU-Mercosur trade deal quota allocation system by South American Big Agriculture.

Europe Today

At first summit sans Orbán, Zelenskyy rejects 'symbolic' EU membership

Also in this newsletter: EU approves €90 billion loan for Ukraine after Hungary lifts controversial veto.

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Europe News

'Made in Europe' law should be limited to nearby countries, MEP says

French liberal MEP Christophe Grudler, who will lead negotiations on a “Made in Europe” law in the European Parliament, told Euronews the European preference proposed by the European Commission to counter foreign competition in the EU market extends to too many non-EU countries.

Economy

Iran war effects on Europe: Is a recession already unfolding?

The eurozone’s private sector slipped back into contraction in April, marking its weakest performance in nearly a year and a half since November 2024, as the war in Iran hit services and fuelled inflation.

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.

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Economy

Fed nominee Warsh rejects 'Trump sock puppet' label at Senate hearing

Kevin Warsh, the nominee for Chair of the US Federal Reserve, declared he has not pledged to lower interest rates to secure his position despite public calls from US President Donald Trump for immediate monetary easing.

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

Spain launches €7bn housing plan to tackle rent crisis

Spain's government on Tuesday approved a sweeping plan to alleviate the country's housing problem, one of Prime Minister Pedro Sánchez's main political vulnerabilities ahead of next year's elections.

Europe News

EU trade chief heads to Washington hoping to unlock steel talks

EU Trade Commissioner Maroš Šefčovič is travelling to Washington for the first time since the July 2025 EU-US trade deal, seeking to break the deadlock on removing 50% US tariffs on European steel and aluminium.

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Economy

German business expectations fall to their lowest levels since 2022

German business confidence dropped sharply in April, reaching its lowest point since the 2022 energy crisis.

Europe News

Russia faked economic data to mask damage from its war, report says

Swedish intelligence said Russia has been covering up a weak, debt-driven economy hit by war costs and sanctions, warning of rising inflation and banking risks.

Economy

Businesses start claiming refunds on Trump's 'unlawful' tariffs

A long-awaited refund portal opened on Monday for US businesses hit by Trump's tariffs, with $127bn in eligible claims already registered. The catch? It could take months, and shoppers will see few benefits.

Economy

Reignited US-Iran tensions likely to drive up petrol and diesel prices

As US representatives travel to Pakistan on Monday for a second round of talks with Iran, the lack of clarity over a possible deal is once again expected to place upward pressure on petrol and diesel prices.

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Markets

Oil prices climb as US-Iran stand-off keeps Strait of Hormuz in limbo

Oil prices climbed more than 5% while European markets fell on Monday morning as a stand-off between Iran and the US prevented tankers from using the Strait of Hormuz.

Canada

Carney says Canada must cut reliance on US as tariffs hit economy

The Canadian leader stressed that his country cannot hinge its future on hope that the US will return to the partner it formerly was to his country and that active steps must be taken to protect Ottawa from the disruptions caused by the Trump administration.

Europe News

Exclusive: EU chemical producers seek probe into Chinese rival

European chemical producers want the Commission to launch a probe into Chinese LB Group as it seeks to purchase a competitor’s plant in the UK to export to the EU, according to sources. The group fears it could be used to get around anti-dumping duties.

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.

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Economy

Oil prices drop over 10% after Iran declares Strait of Hormuz 'open'

Oil prices have dropped over 10% in less than two hours after the Minister for Foreign Affairs of Iran declared the Strait of Hormuz "completely open" for the remainder of the current ceasefire with the US.

Economy

Iran war energy shock drives nuclear power plans in Asia and Africa

The Iran war has exposed the fragility of global fossil fuel supply chains. Now dozens of countries across Asia and Africa are turning to nuclear power as their answer.

Economy

Hungarian forint among top currencies beating US dollar in 2026

A war in the Gulf, a Federal Reserve frozen in place and a hawkish turn across Europe and the Pacific: how ten currencies are pulling away from a weakening US dollar.

Economy

Norway’s oil exports jump 68% in March

Norway’s oil exports jumped significantly in March, pushing revenues to multi-year highs as disruptions from the Iran war and the closure of the Strait of Hormuz drove up prices.

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