Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
EU-China Trade Conflict Looms Without Autumn Deal, EPP's Weber Warns
EPP leader Manfred Weber says the EU is entering a phase of conflict with China unless a trade deal is struck by October. New steel quotas a
EU Ends Duty-Free Imports from Shein, Temu, and AliExpress with New €3 Fee
From 1 July, the EU imposes a €3 duty per item on imports from Shein, Temu, and AliExpress, scrapping the €150 exemption. The move aims to c
Kazakhstan Plans to Boost Oil Exports via Baku-Tbilisi-Ceyhan Pipeline After Georgia Talks
Kazakhstan plans to increase oil exports through the Baku-Tbilisi-Ceyhan pipeline after talks in Astana. Bilateral trade reached $184.5 mill
EBRD Lends $50 Million to Uzbekistan Bank to Boost Youth Entrepreneurship
The EBRD is lending $50 million to Uzbekistan's SQB bank to expand credit for entrepreneurs under 35. Small businesses account for over half
Cyprus Gas Fields Glaucus and Pegasus Could Begin Production by 2033
ExxonMobil and QatarEnergy signed a declaration of marketability for the Glaucus and Pegasus gas fields off Cyprus. Production could start b
Baku Hosts 2026 Islamic Development Bank Meetings on Regional Economic Integration
Ministers and policymakers gathered in Baku for the 2026 Islamic Development Bank Annual Meetings. Discussions centered on connectivity, tra
IKEA's Dorothée Gardon on AI, Viral Moments, and Brand Control in the Social Media Age
IKEA's Dorothée Gardon spoke at Cannes Lions about balancing AI, affordability, and brand identity. She highlighted how a viral video of a m
EU Allocates Steel Import Quotas to Allies Amid Global Overcapacity Crisis
The EU has allocated steel import quotas to trading partners, effective July 1, to curb a surge from global overcapacity. Half of the 18.3 m
Japanese Yen Plunges to 40-Year Low Against Dollar, Tokyo Faces Intervention Pressure
The yen fell to 162.4 per dollar, its weakest in 40 years, despite record intervention and a rate hike. The wide US-Japan interest rate gap
EU Closes Tax Loophole for Shein, Temu, and AliExpress with New €3 Duty
The European Union has introduced a flat €3 customs duty on low-value e-commerce imports to close a loophole exploited by Shein, Temu, and A
Air Tourism Drives Up Spanish Rents by €236, Study Finds
A Transport & Environment study finds that a 12.8% increase in air tourists in Spain has driven rents up by €236 per month and house prices
Air Tourism Adds €3,800 to Spanish Home Prices, Study Finds
A new study by Transport & Environment links booming air tourism in seven European countries to higher rents and house prices. In Spain, the