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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.
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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.
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.
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
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.
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
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.
Business
Lufthansa hits record revenue as Iran war fuel costs eat into profits
The German airline group posted its highest-ever revenue in 2025 and improved its first-quarter results, but soaring jet fuel costs linked to the Iran war are forcing route cuts and pushing annual profit below initial forecasts.
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.
Europe News
'We should never have signed this trade deal,' leading MEP says
French MEP Aurore Lalucq argues that Donald Trump’s recent tariff threats, which she considers a violation of the EU–US trade agreement, show the EU should not have agreed to the deal, highlighting divisions within the Socialists & Democrats.
Europe News
EU and US trade chiefs to meet as tariff tensions escalate
The Turnberry deal is still under negotiation between EU governments and lawmakers before it can take effect on the EU side, and the Commission warned that if the US takes actions deemed inconsistent with the agreement, it reserves the right to consider all options.
Europe Today
Donald Trump's EU car tariffs ‘targeting Germany,’ says key German MEP
German MEP Bernd Lange said US President Donald Trump’s threat to impose 25% tariffs on EU cars appears to target Germany, following Chancellor Friedrich Merz’s criticism of the US stance on Iran. However, the move would likely breach the EU–US trade agreement reached last summer.
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.