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

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Business

From cars to defence, Mercedes-Benz open to military sector

While Germany’s automotive sector is coming under growing pressure, defence companies are increasingly eyeing its factories, skilled workers and industrial expertise.

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Tens of thousands march in Brussels during Belgium national strike

Tens of thousands of protesters marched through Brussels during a national strike called by Belgian unions against the government’s fiscal reforms.

Business

Spain's Bizum heads to the high street to take on Visa and Mastercard

Spain's homegrown payment app is making its biggest move yet, bringing account-to-account payments to the physical till and raising the stakes for US card giants.

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.

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Business

Commerzbank axes 3,000 jobs as it battles UniCredit takeover bid

Commerzbank wants to cut a further 3,000 jobs and at the same time significantly increase its profit targets. The reorganisation is the bank's response to the takeover ambitions of the major Italian bank UniCredit.

Europe News

Germany's golden years are over, Reinhold Würth warns

Reinhold Würth, who has made the Würth Group the global market leader in the trade of assembly and fastening materials for trade and industry, sees an opportunity above all in the fields of electronics, IT and artificial intelligence.

Europe News

German billionaire Würth warns of 'deindustrialisation spiral'

According to Forbes, Reinhold Würth is one of the three richest Germans with a fortune of $41.9 billion. In an opinion piece for Euronews, Würth explains how Germany can get back on track.

Europe Today

Former EU top diplomat says Trump understands trade as a ‘weapon’

Hours before negotiations in Brussels to get the EU-US trade deal over the line, the EU's former top diplomat and trade commissioner Catherine Ashton tells Euronews that Trump sees trade as a "weaponisation".

Europe Today

More 'targeted measures' are needed to tackle high energy bills - IMF

The International Monetary Fund (IMF) said vulnerable households should be the main target of energy price relief measures and urged EU governments to guarantee that these won't do "more damage than good".

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 Today

Short conflict in the Middle East or recession in Europe, IMF warns

The IMF’s outlook for Europe remains closely tied to geopolitical developments. A prolonged crisis risks tipping Europe into recession.

Europe News

Romania's pro-EU coalition collapses after PM fails no-confidence vote

Romania has faced a long period of instability and the country is grappling with one of the highest budget deficits in the EU, rampant inflation and a technical recession.

Iran

Iran’s parliament speaker says US blockade aims at 'internal division'

Mohammad Bagher Ghalibaf, a powerful figure, has grown in prominence since the start of the war and was the lead negotiator in the so far only round of direct US-Iranian talks.

Business

Germany has world's second biggest gold reserve. Time to cash it in?

To ease the burden on consumers, DIW head Marcel Fratzscher proposes selling part of Germany's gold reserves — currently worth around €440 billion.

Europe News

European Economic Congress opens with focus on self-sufficiency

In the midst of growing geopolitical and economic uncertainty for the continent, the latest iteration of the European Economic Congress began in Katowice on Wednesday with a focus on economic survival.

Travel News

Cruise boom boosts employment: One job for every 20 passengers

The cruise tourism sector is establishing itself as a global engine capable of generating millions of jobs and billions in economic activity.