Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
EU Energy Ministers Consider Releasing Jet Fuel Reserves as Hormuz Crisis Bites
EU energy ministers are preparing to release strategic jet fuel reserves as the Strait of Hormuz crisis threatens summer travel. Prices have
IMF Chief Georgieva Urges EU to Invest Collectively as Growth Outlook Dims
The IMF has downgraded its growth projections for Europe and raised inflation forecasts. Managing Director Kristalina Georgieva urges EU mem
Spain's Inflation Holds at 3.2% for Third Month as Iran Conflict Pressures Prices
Spain's annual inflation rate stayed at 3.2% in May, matching April and March. Transport and package holidays pushed prices up, while food a
UK Competition Watchdog Probes Ryanair Over Family Seating Fees
The UK Competition and Markets Authority has opened an investigation into Ryanair's policy of charging families with young children for seat
UK Economy Shrinks in April as Iran Conflict Drives Energy Costs Higher
The UK economy shrank by 0.1% in April, ending months of growth as the Iran war drove up energy costs. Consumer-facing services fell 0.5% an
Remote Work in Europe: Why Your Location Determines Your Odds
In Finland, 20.5% of workers usually work from home, compared to just 1.3% in Romania. The divide is driven by job types, workplace culture,
Global Alcohol Consumption to Decline Until 2031, Europe Leads Shift
Global alcohol consumption is set to fall until 2031, driven by changing tastes and economic pressures in traditional markets like Europe. G
IMF Chief: Russia's Economic Weakness Persists Despite Oil Price Relief
IMF Managing Director Kristalina Georgieva says Russia's economic situation is weakening despite a slight growth forecast upgrade. Higher oi
IMF Warns EU Against Further Relaxation of Fiscal Rules Amid Economic Uncertainty
The International Monetary Fund has warned euro area governments against further relaxation of fiscal rules. The caution comes amid concerns
Lagarde Defends ECB Rate Hike as Robust Across Three Scenarios Amid Middle East Crisis
The ECB raised interest rates by 0.25% for the first time in three years, citing inflation pressures from the Middle East conflict. Lagarde
China's Zero-Tariff Policy: Limited Gains for African Smallholders Amid Structural Hurdles
China's zero-tariff policy for African exports faces implementation hurdles as Zambian smallholders struggle with quality standards and cred
ECB Raises Rates for First Time in Three Years as Iran War Drives Eurozone Inflation
The ECB lifted its deposit facility rate to 2.25%, the first hike in three years, as the Iran war fuels energy-driven inflation. Eurozone in