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EU clinches new trade deal with Mexico to bolster foothold in region

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Europe News

Do not get 100% of supply from one country, EU industry chief says

Business

German business confidence rises despite Iran war energy shock

Economy

Which European countries hand the most income to the ultra-rich?

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Economy

Stellantis unveils €60bn plan and 60 new models by 2030

Stellantis chairman John Elkann calls the overhaul “ambitious but realistic”, as CEO Antonio Filosa outlines plans to save and create over €3 billion by focusing on flagship models.

Business

Million-dollar salaries: Top AI talent tech giants are fighting over

As Big Tech and a whole cohort of new-generation AI start-ups race towards artificial general intelligence (AGI), elite researchers and engineering leaders have become the equivalent of franchise athletes.

Europe News

EU cuts GDP forecast as Strait of Hormuz crisis pushes inflation up

The EU has downgraded its 2026 economic growth forecast after the Strait of Hormuz crisis sent energy prices sharply higher earlier this year. With no end to the conflict in sight, rising energy costs are fuelling tensions among member states calling for additional fiscal support measures.

Economy

Recession warning? European business activity slumps due to Iran war

Business activity across the eurozone slowed sharply in May, hitting its lowest level in more than two and a half years.

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Economy

Winners and losers: Real household income growth across Europe in 2025

Poland and Portugal saw the strongest real household income growth in Europe over the last two years. Among major economies, Spain led the way.

Azerbaijan

World Bank economist: No country has ever developed without urbanising

Urbanisation drives economic growth and job creation, a World Bank senior expert told Euronews at the World Urban Forum in Baku, but warned that Africa faces a financing gap that no single institution can fill alone.

Economy

After a year of tit-for-tat, could the US-China tariff war be easing?

After more than a year of escalating trade tensions, Beijing and Washington say they are ready to cut tariffs on tens of billions of dollars worth of goods — but analysts warn the impact on growth may be limited.

Economy

The UN has bad news for global growth as Middle East crisis continues

As the Middle East conflict drives up energy costs and clouds outlooks, the UN warns the world economy faces one of its weakest years since the 2008 financial crisis — with Europe among the hardest hit.

Europe News

EU approves implementation of US tariffs under Trump hammer

European negotiators agreed late on Tuesday to implement the controversial trade agreement concluded last summer with the US. However, the deal — signed in the Scottish city of Turnberry — remains fragile as long as US President Donald Trump continues to use tariffs as a tool of political pressure.

Economy

Could Central Asia help Europe address labour shortage concerns?

European labour shortages and legal migration systems were central topics at the Tashkent International Migration Forum, where officials came together for discussions and solutions.

Europe News

As trade war with China looms, how can the EU defend itself?

The European Commission is considering a range of tools to shield the bloc from cheap Chinese imports, including reducing its dependence on Chinese components and imposing tariffs on strategic sectors.

Economy

Europe’s poverty divide: Which cities and regions are most at risk?

The share of people at risk of poverty or social exclusion in Europe varies not only across countries but also across capital cities and regions. Euronews Business takes a closer look at these gaps.

Economy

Where in Europe do workers earn the most — and the least?

Euronews Business takes a closer look at annual gross average wages across Europe, based on the OECD's 2026 report. The figures reveal significant disparities both in nominal and purchasing power terms.

Economy

US 30-year bond yield tops 5% for the first time since 2007

The US Treasury sold 30-year bonds at a yield above 5% for the first time since 2007 on Wednesday, highlighting mounting investor unease just as the Senate confirmed Kevin Warsh as the next chair of the Federal Reserve.

Business

Xi Jinping vows to 'open door wider' to US firms during Trump visit

Chinese President Xi Jinping used US President Donald Trump's visit to Beijing to reassure American business leaders that China remains committed to further opening its economy to foreign investment.

Europe News

Brazil ‘surprised’ by EU ban on meat imports

Brazil’s ambassador to the EU Pedro Miguel da Costa e Silva told Euronews he had asked the EU Commission to put Brazil back on the list of countries complying with EU antimicrobial rules. The move comes as the Mercosur deal liberalising agricultural trade came into force on 1 May.

Economy

Two-thirds of Europe's LNG imports to come from the US this year

Europe is expected to source almost two-thirds of its liquefied natural gas imports from the US in 2026, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).

Economy

Oil stocks drain at record pace as IEA warns of renewed price swings

The International Energy Agency says the oil market is likely to remain in deficit until the final quarter of the year, as disruptions at the Strait of Hormuz continue to constrain supply, increasing the risk of renewed price volatility.

Europe News

Exclusive: EU negotiators find deal on key clauses of the EU-US deal

EU lawmakers and EU capitals struck a deal over provisions halting the EU-US deal if American imports surge unfairly. But crunch talks are still under way over when to start implementing the agreement, as negotiators face pressure from Trump’s threats of more tariffs.

Economy

Iran's economy is being tested by war, blockades and soaring inflation

Inflation has hit 54% and the rial has lost more than half its value, but Tehran insists it can hold out

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Economy

Which European economies are growing the fastest in 2026?

The eurozone has slowed sharply, expanding just 0.8% year-on-year in the first quarter of 2026. Yet three economies are growing several times faster than the bloc as a whole.

Business

Musk and Cook join Trump on China visit to talk trade and AI

A high-level delegation of business executives is travelling to China with US President Donald Trump on Wednesday, with the inclusion of Jensen Huang underscoring how AI chip exports and advanced technology trade are likely to be central to discussions between the two nations.

Economy

Trump in Beijing: How do the US and China compare as superpowers?

US President Donald Trump's visit to China this week comes as the rivalry between the world's two largest economies is increasingly shaped by economic competition, technological leadership and global influence.

Europe News

EU to ban Brazilian meat imports from September

The ban would come just two weeks after the EU-Mercosur trade deal provisionally entered into force, liberalising agricultural trade across the Atlantic despite fierce opposition from farmers.

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Economy

Iran war pushes US inflation to 3.8% as petrol prices surge

US consumer prices rose 3.8% in April as the Iran war drove petrol costs up 28% in a year, with real wages falling for the first time in three years, according to government data.

Economy

How solar and wind projects are accelerating the energy transition

Authorities in Uzbekistan say 5,600 megawatts of solar and wind capacity have already been added to the national grid through international partnerships. New investments now focus on energy storage, AI infrastructure, and large-scale data centres linked to the energy transition.

Economy

Global trade’s next top priority: Bypassing the Hormuz chokepoint

Global shipping firms are redesigning trade routes as tensions in the Strait of Hormuz disrupt supply chains, raise costs and expose the vulnerability of global commerce to geopolitical conflict.

Economy

Shipping fuel crunch raises fears of higher prices worldwide

Global shipping companies are bracing for fuel shortages and rising costs as the Iran war disrupts supplies of bunker fuel through the Strait of Hormuz.

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Economy

US Treasury enlists banks to target Iranian money laundering schemes

The US Treasury has directed banks to intensify their monitoring of Iranian money laundering networks that enable funds from sanctioned oil. The move is part of the wider strategy to pressure Iran into a deal as negotiations stall.

Economy

Soaring energy profits reignite calls for windfall tax across Europe

European oil and gas companies that posted huge profits in the first quarter on soaring prices caused by the war in the Middle East face new calls from London to Paris to tax their outsized gains.

Markets

Oil jumps 4% as Trump rejects Iran’s response to ceasefire proposal

Oil prices jumped on Monday morning while European markets edged lower and Asian stocks rose to new all time highs after US President Donald Trump rejected Tehran’s response to the latest proposal on ending the war in Iran.

Economy

Which EU capitals have minimum wages that don’t cover rent?

Euronews Business takes a closer look at gross minimum wages and average rent costs across EU countries and their capital cities. In many capitals, even the gross minimum wage is not enough to cover rent.

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Economy

Potato futures soar 700% in less than a month on Iran war speculation

Potato-linked financial contracts have risen over 700% in a few weeks, despite a current oversupply in Europe, due to speculative trading surrounding the volatile environment caused by the Iran war.

Europe News

‘EU legislation cannot be dictated by social media threats,’ says MEP trade chief

Bernd Lange, the MEP lead on the EU-US trade deal, has rejected pressure from Washington to fast-track implementation, insisting the bloc’s democratic procedures cannot be dictated by tariff threats from President Donald Trump.

Europe News

After 20 rounds of sanctions, the EU sees cracks in Russia's economy

Europeans are taking credit for the growing signs of strain in the Russian economy. Does that mean sanctions are working? It's complicated.

Economy

Oil tanker arrives in South Korea after leaving the Strait of Hormuz

A Malta-flagged tanker, carrying one million barrels of crude oil, has successfully reached the western coast of South Korea after passing through the Strait of Hormuz in mid-April.

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Economy

Gold or oil: Which shields you best from Iran war inflation?

Conventional wisdom holds that gold protects investors during war and inflation. The Iran conflict has turned that assumption on its head. Since the outbreak of the war, Brent crude has rallied 37%, while gold has fallen 10%. The driving force is interest rates, not geopolitics.

Markets

How UK 30-year bonds reached the highest yield this century

Investors are demanding significantly higher returns to hold British debt as 30-year gilt yields reached levels not seen since 1998 this week. The surge represents a major challenge for the UK Treasury but why did it happen and what does it mean exactly?

Economy

Pacific economies face slower growth amid energy market pressure

Rising fuel and fertiliser import costs are placing growing pressure on economies across Asia and the Pacific, especially small island states that rely heavily on imports. The Asian Development Bank (ADB) says governments are accelerating energy transition and resilience measures in response.

Economy

Who has the most ultra-rich in Europe in 2026 and where are they growing fastest?

The number of people with at least $30 million (€25.7m) in wealth is growing across Europe. Germany has by far the most ultra-rich, and continues to add more.

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Europe News

MEPs and EU countries fail to reach an agreement on EU-US deal

Despite intense pressure from the US, negotiators agreed to meet again in 10 days after more than 6 hours of talks last night. Both sides, seeking a compromise, said however that progress had been made during the negotiations.

Markets

Resilience amid ruins: Markets at record highs despite Iran war

Global indices in the US, Japan and South Korea have reached all-time highs despite the economic fallout from the ongoing Iran war. Investors are clearly looking past immediate geopolitical risks but what is driving the rally?

Economy

ADB unveils €65bn plan for energy and digital connectivity

At its annual meeting in Samarkand, the Bank outlined a programme focused on cross-border energy and digital infrastructure.

Europe News

EU trade chief urges US to ‘swiftly’ restore 15% tariff arrangement

EU Trade Commissioner Maroš Šefčovič met US Trade Representative Jamieson Greer ahead of what is expected to be a tense round of negotiations between EU countries and MEPs over the implementation of the EU-US trade deal, as Washington pushes the EU to rapidly eliminate tariffs on US goods.

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