Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
G7 agrees to release 100 million barrels of oil to ease diesel crunch
The G7 has agreed to release up to 100 million barrels of oil from strategic reserves over four months, with a focus on diesel. The move fol
EU farmers squeezed as output prices fall and input costs climb
EU farmers saw output prices drop 5.8% year-on-year in Q2 2026, while input costs rose 4.7%. Milk prices fell sharply, and energy and fertil
Can Europe's emergency diesel release ease pump prices?
The EU is ready to join the IEA in releasing emergency fuel reserves to counter record diesel prices. Analysts say a 50-million-barrel diese
Europe's Diesel Stockpile Covers Only 10 Days of Global Demand, Analyst Warns
Europe's 300 million barrels of diesel reserves would cover only 10-11 days of worldwide demand, according to energy analyst Osama Rizvi. He
Eurozone inflation hits 3.8% in September, energy costs lead surge
Eurozone inflation jumped to 3.8% in September, the highest in three years, driven by energy costs. Six countries recorded rates above 5%, w
EU and Central Asia push to slash Trans-Caspian transit times
Officials in Tashkent discussed cutting Trans-Caspian Corridor transit times from 35 days to 15-20. Beyond new railways, they stress customs
Unicaja chairman José Sevilla to step down in 2027, ending stability era
José Sevilla has told Unicaja's board he will not stand for re-election when his term expires in April 2027. The Málaga-based lender will ac
EU weighs coordinated oil reserve release as diesel prices surge
EU Energy Commissioner Dan Jørgensen says releasing strategic reserves is an option as diesel prices surge. Member states are discussing a c
EU diesel prices hit record €2.24 as supply disruptions persist
The EU average diesel price hit a record €2.24 per litre, up from €1.59 before the Middle East war. Twelve member states saw all-time highs,
Trump touts $200bn South Korean energy deals, but Seoul urges caution
Trump announced $200bn in South Korean energy investments, including $54bn for an Alaska LNG project. Seoul says no final decision has been
Oil rebounds above $100 as US bonds suffer worst quarter since 1994
Brent crude rebounded above $100 a barrel on Thursday as hopes for a US-Iran deal faded. European equities dropped on inflation worries, whi
TAP privatisation: Air France-KLM and Lufthansa submit final bids
Air France-KLM and Lufthansa have submitted their final bids for a 44.9% stake in TAP. The Portuguese government will now assess the offers