Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
EU trade chief heads to Manila to seal Philippines deal
EU Trade Commissioner Maroš Šefčovič will travel to Manila next week to finalise a trade deal with the Philippines. The agreement, which has
Saudi pipeline attack disrupts oil exports to Europe and Asia
Saudi Arabia's East-West pipeline was shut after a drone attack, risking up to 4 million barrels per day. Stored oil at Yanbu may cover expo
Oil tops $108 as Hormuz attack and Saudi pipeline closure stoke supply fears
Brent crude climbed above $108 a barrel after a fatal attack on a merchant vessel in the Strait of Hormuz and Saudi Arabia's closure of its
Trump says he will scrap 15% tariff on Irish whiskey
Trump said he would remove the 15% tariff on Irish whiskey, citing pressure from golfers and fans. The announcement came at the Irish Open t
Astana Finance Days closes with focus on Central Asian market growth
Astana Finance Days 2026 drew 8,000 participants from 90 countries, including asset managers with €22 trillion in assets. The forum highligh
Capgemini sells US arm after ICE contract backlash
Capgemini has agreed to sell its US government services unit to ITC Federal. The move follows controversy over a contract with ICE for track
Diesel in Portugal hits record high as Spain adds fuel discount
Diesel in Portugal is set to hit a new all-time high of about €2.15 per litre. Spain's new 20-cent discount makes its diesel the second chea
ECB rate hike ripples through eurozone mortgage markets unevenly
The ECB's latest rate increase is already priced into many mortgage offers, but borrowers in France, Italy, and Spain face further rises. Fi
Azerbaijan's oil fund joins China-ASEAN investment council
Azerbaijan's state oil fund SOFAZ has joined five Asian investors to launch the China-ASEAN Joint Investment Council. The council aims to ch
50 business leaders warn Brussels against weakening EU Inc. law
Fifty European CEOs and investors have signed a letter urging EU legislators not to water down the EU Inc. law. They warn that a diluted ver
Europe's Arctic LNG imports hit record €7.3bn despite looming ban
European ports received 156 Yamal LNG cargoes in the first eight months of 2026, up 10% year on year. Two European shipping firms handled 72
European bond yields near crisis-era highs as Middle East tensions stoke inflation fears
Long-term European government bond yields remain near multi-decade highs as Middle East tensions keep energy prices elevated. The ECB raised