Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Spanish Hotel Chains Meliá and Iberostar Exit Cuba Amid US Sanctions Pressure
Meliá Hotels International has ceased managing 15 hotels in Cuba, following Iberostar's earlier exit from 12 properties. The moves come as a
Spanish Hotel Groups Meliá and Iberostar Exit Cuba as US Sanctions Bite
Meliá Hotels International has stopped managing 15 hotels in Cuba, following Iberostar's exit from 12 properties on 1 June. The moves come a
OECD Warns of Recession Risk if Iran Conflict Persists, Cuts 2026 Growth Forecast
The OECD has cut its 2026 global growth forecast to 2.8%, warning that a prolonged Iran conflict could push growth to 2.1% and trigger reces
US-Iran Tensions Fuel Market Confusion, European Confidence Wanes
Economic analyst Osama Rizvi says the probability of markets turning 'worse' or 'ugly' is higher than improvement due to US-Iran uncertainty
Turkish Man Finds $21.8 Billion in Bank Account, Then Loses Access
Ahmad Jahangard Takalo, a 32-year-old from Van, Turkey, found his bank account credited with roughly 1 trillion lira ($21.8 billion). The ba
Inditex Posts Strong Q1 Sales Growth, Defying Geopolitical and Economic Headwinds
Inditex, the Spanish owner of Zara, posted Q1 net income of €1.4 billion, up 5.4% year-on-year, beating analyst forecasts. Sales rose 5.8% t
Job Insecurity in Europe: Mediterranean Nations Lead in Involuntary Non-Standard Employment
Italy, Spain, and Greece top the EU in involuntary non-standard employment, with nearly one in five Italian workers in unstable jobs. Poland
Australian Trade Minister Urges Patience in EU-China Trade Talks
Australian Trade Minister Don Farrell tells Euronews that patience is key for the EU in managing trade ties with China. He cites Australia's
EBRD Cuts Growth Forecast as Iran Conflict Drives Energy Shock Across Europe and Beyond
The European Bank for Reconstruction and Development (EBRD) has cut its 2026 growth forecast for its regions to 3.1%, down from 3.4%, citing
France Leads Europe in Foreign Investment Despite Overall Decline
France remains Europe's top destination for foreign investment projects, though the continent saw an 11-year low in 2025. Spain and Turkey p
EU Proposes Supply Chain Caps to Reduce Reliance on China
The European Commission proposes capping single-supplier purchases of critical components at 30-40%. The move targets sectors where Europe d
Southern Energy Corridors to Reshape Europe's Gas Supplies, Baku Forum Hears
Azerbaijan's President Ilham Aliyev defends fossil fuels while urging parallel investment in renewables. Moldova and Bulgaria stress the str