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Doloresz Katanich

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.

Business

Unilever and McCormick near mega deal to create a food giant

Unilever said Tuesday it had agreed a multibillion-dollar deal with US spices maker McCormick & Company to spin off most of the British group's food business, which is currently valued at $44.8bn (€38.95bn).

Markets

Oil above $115 as markets struggle to interpret Trump’s next move

Oil prices climbed higher by early afternoon in Europe, following news about further escalation of the war in Iran.

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

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.

Markets

Oil prices rise again as conflicting Iran-US messages fuel uncertainty

As the prospect of de-escalation in the Iran war remains uncertain, oil prices are rising, with the international benchmark Brent trading above $106 a barrel on Thursday morning.

Markets

Markets rally, oil prices fall as Trump signals Iran talks

Oil prices fell more than 4% and European shares gained on Wednesday on the possibility of a de-escalation in the Iran war.

Business

Estée Lauder and Puig in talks to create potential €35bn beauty giant

Estée Lauder has confirmed merger talks with Spain’s Puig as it looks to strengthen its position in fragrances and reverse a prolonged sales decline.

Business

Revolut posts record revenue and profits amid rapid customer growth

Revolut posted record results in 2025, with revenue and profit soaring as the company seeks a global banking status.

Business

US to pay TotalEnergies $1bn to abandon offshore wind project

Washington will refund a French energy giant to exit US offshore wind plans, fuelling criticism from environmental groups.

Markets

Oil prices slide after Trump withdraws from Iran ultimatum

Oil prices dropped and stock markets started to climb after comments from US President Donald Trump raised hopes for a quick end to the Iran war.

Economy

IEA: Global economy faces ‘major, major threat’ because of Iran war

War in the Middle East has 'severely' damaged more than 40 energy assets across nine countries, said the head of the International Energy Agency, as he warned of deepening risks to the global economy.

Business

Unilever considers selling food unit after receiving McCormick offer

The move would represent a major shift for the consumer goods giant, which is increasingly focusing on personal care and beauty products under its new chief executive.

Business

Uber to roll out 50,000 Rivian robotaxis in Europe and North America

Uber will buy thousands of autonomous Rivian robotaxis and invest up to $1.25 billion (€1.1bn), aiming to launch a fleet of 50,000 vehicles by 2030.

Markets

Global stock markets slide as oil market volatility rattles investors

Increased targeting of oil and gas infrastructure in the Iran war is hitting trader sentiment hard as concerns mount that the current energy crisis is going to have a lasting impact on the global economy.

Economy

Bank of England holds rate at 3.75% amid Iran war inflation fears

The Bank of England has held its main interest rate at 3.75% in the wake of rising oil and gas prices following the start of the Iran war.

Markets

Markets on edge as ECB prepares to set interest rates

European markets have opened lower as investors await the European Central Bank’s rate decision, with a sharp rise in gas and oil prices fuelling fresh inflation concerns.

Economy

Fed projects one rate cut, sees limited Iran war impact

Federal Reserve officials say the war in Iran is likely to push up inflation this year, while having little impact on economic growth.

Business

Tankers still cross Strait of Hormuz as Iran controls who gets through

Dozens of ships are still navigating the Strait of Hormuz as Iran keeps oil flowing, despite continued attacks aimed at one of the world’s most critical trade routes.

Economy

ZEW index: German investor sentiment hits lowest level in a year

German investor morale has plunged to its lowest level in almost a year, with sentiment in the eurozone also deteriorating, as the Middle East conflict rattles European markets.

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