Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
EU fuel bill surge: diesel costs €270 million a day, report finds
Since the start of the Iran war, higher road fuel prices have cost the EU an estimated €53 billion, with diesel accounting for €40 billion.
Trump's Russia tariffs add new risk to Europe's LNG supply crunch
The EU faces fresh uncertainty over LNG supplies as Trump's new Russia sanctions could hit remaining flows. Storage levels are at their lowe
OECD raises 2026 global growth forecast to 2.9% despite Iran war shock
The OECD has raised its 2026 global growth forecast to 2.9%, citing better-than-expected resilience to the Iran war energy shock. Eurozone g
Turkey detains Tera chairman as $18bn fund probe hits 450,000 investors
Turkish authorities have arrested the chairman of brokerage Tera Yatırım as part of a probe into 131 investment funds. The funds, holding ov
Oil prices slide as US and Iran hold first direct talks
Brent crude fell below $100 after President Trump said US and Iranian representatives held 'very productive' talks at the UN. Reports that S
Europe's jet fuel outlook improves, but smaller airports face supply risks
Nearly 900,000 tonnes of jet fuel from Asia are set to arrive in Europe, easing supply fears. However, smaller airports could still face sho
Spanish farmers press Planas for emergency aid as Iran war inflates costs
Spain's five main farming organisations met Agriculture Minister Luis Planas to demand immediate direct aid over soaring diesel and fertilis
Oxfam Urges France to Cap Dutreil Inheritance Break as Budget Talks Loom
Oxfam wants France to cap the Dutreil pact's 75% inheritance tax exemption at €1 million per beneficiary, arguing it would raise more than €
Portugal's one-bedroom rents now exceed the minimum wage by €200
A one-bedroom flat in Portugal now rents for a median €1,128 a month, €200 more than the minimum wage. Lisbon leads at €1,354, followed by M
EU and Philippines sign trade pact as Brussels widens Indo-Pacific push
The EU and the Philippines have concluded a free trade agreement covering more than 97% of bilateral trade. Brussels says the deal removes o
Czechia caps fuel margins and trims diesel duty as pump prices bite
Czechia will cap fuel retailers' margins at 2.5 koruna per litre and cut diesel excise duty from 1 October. A temporary 50% levy will target
Brussels' local-content push could raise EV prices by €2,100, Bruegel warns
Bruegel argues that EU measures to shield carmakers, from tariffs to local-content rules, will raise EV prices and delay electrification. It