Voozh

VOOZH

URL: https://www.euronews.com/business/economy

⇱ Economy | Business | Euronews

👁 Cargo ships sail in the Arabian Gulf towards Strait of Hormuz in the UAE, 19 March 2026

Economy

France sends first Western European ship through Hormuz

👁 Image
ADVERTISEMENT

👁 resident Donald Trump answers questions from reporters after signing an executive order in the Oval Office of the White House Tuesday, 31 March 2026, in Washington.

Economy

Trump unveils up to 100% tariffs on patented drugs

👁 French President Emmanuel Macron shakes hands with South Korean President Lee Jae-myung in Seoul, 3 April, 2026

Economy

Macron and Lee say they'll work together to reopen Strait of Hormuz

👁 FILE. An activist displays a newspaper headlining the 'Panama Papers' revelations during a banking managers meeting in Paris, France, Apr. 2016

Economy

Richest 0.1% hide more wealth than the poorest half of humanity owns

👁 Image
ADVERTISEMENT

👁 Image
ADVERTISEMENT

👁 Italian Premier Giorgia Meloni welcomes German Chancellor Friedrich Merz at an intergovernmental summit at Villa Doria Pamphilj in Rome, Friday, Jan. 23, 2026.

Germany and Italy propose EU ‘kill switch’ for global stablecoins

Germany and Italy have proposed creating an EU regulatory framework for stablecoins to strengthen financial market safeguards, shifting the discussion from the technical to the political level.

👁 The German speciality chemicals company Evonik Industries produces at its site in the Marl Chemical Park.

Economy

Iran war slashes Germany's growth outlook by 50%, with deficit at 4.2%

Germany's top economic institutes say the Iran war is exposing structural weaknesses that predate the conflict — and warn that without reform, the country risks permanently underperforming its growth potential.

👁 FILE - Accompanied by tugs, the LNG tanker "Hellas Diana" transports a cargo of LNG to the "Deutsche Ostsee" energy terminal, in Mukran, Germany, 28 August 2024.

Economy

Germany's first Omani LNG shipments arrive despite Gulf disruptions

Germany's first Omani LNG deliveries are arriving on schedule — but analysis of the country's supply chain suggests Berlin's exposure to the Middle East crisis runs deeper than officials admit.

👁 FILE - A student soldier of the Yatagan School for Unmanned Aerial Systems launches a training target drone during drills in the Kyiv region, Ukraine. 20 March, 2026

Economy

Cheaper drones: Europe's lesson from the Ukraine invasion and Iran war

As US and Israeli stockpiles drain against Iranian drones, the Bruegel think-tank warns Europe faces an even harder fight on its own doorstep

👁 Image
ADVERTISEMENT

👁 The sun has set behind a gas station in Frankfurt, Germany, Tuesday, 31 March 2026.

Economy

Oil and gas prices will not return to normal after Iran war, EU warns

The EU has warned that oil and gas prices will not go down any time soon, even if the Iran war ends, citing pressure on fuel supplies and tight global markets, as it prepares support measures for households and businesses.

👁 Algerian flags fly Wednesday 16 April 2025 in Algiers

Economy

Algeria emerges as Europe’s key gas partner after Iran strikes

Algeria is acting as a "safety valve" for Europe, but cannot fully compensate for the loss of Qatari supply, energy expert Hashem Akl told Euronews.

👁 The stock market in Frankfurt, Germany

Economy

How a 'People’s IPO' is encouraging Central Asia into the stock market

A programme opening up major state-owned enterprises to ordinary citizens is set to reshape the country's capital markets and mint a new generation of investors.

👁 APTOPIX Germany Energy Crisis Fuel prices are listed at a gas station in Frankfurt, Germany, Monday, March 30, 2026.

Economy

Eurozone inflation jumps to 2.5% amid Iran war: Will ECB hike rates?

Consumer prices jumped at their fastest monthly pace since October 2022, driven almost entirely by the energy shock from the Iran conflict. Economists are split on whether Frankfurt will pull the trigger.

👁 A cashier changes a 50 Euro banknote with US dollars at an exchange counter in Rome, Wednesday, July 13, 2022.

Economy

A new way to measure poverty shows the US falling behind Europe

The time needed to get $1 in international dollars is 63 minutes in the US. This is about twice the average in Germany, France and the UK according to an Oxford University researcher. This suggests that average poverty is significantly higher in the US.

👁 EU farmers oppose the Mercosur trade agreement.

The EU's recipe for trade deals : easy on beef, tough on wine

Within weeks, the European Commission has wrapped up deals with Mercosur, India and Australia. Yet despite the backlash over the Latin America agreement, Brussels is sticking to a familiar playbook: offensive on wine and cars, defensive on beef.

👁 A general view of the chamber during an extraordinary plenary session at the European Parliament in Brussels, Tuesday, Feb. 24, 2026.

EU Parliament unblocks key political hurdle in digital euro talks

After months of political gridlock in the European Parliament, EU lawmakers have overcome a key obstacle to the digital euro, bringing the proposal closer to approval.

👁 Containers are unloaded by a freighter at the Eurokai terminal (Eurogate) in the port of Hamburg, Germany, March 22, 2019

EU strikes political deal on customs reform

The new customs reform is designed to adapt the bloc to rising trade volumes amid US-related uncertainties and new trade deals with South America and Australia.

👁 FILE. The Spanish flag flies in Madrid, Oct. 2020

Economy

Spain's inflation jumps to 3.3% as Iran war drives energy costs higher

Spain's consumer prices have risen at their fastest rate since 2024, reaching 3.3% year-on-year in March, driven by surging energy costs linked to the ongoing Iran conflict, according to the Spanish national statistics agency.

👁 In this image provided by Sepahnews of the Iranian Revolutionary Guard on 16 Feb. 2026, shows troops standing at attention during the guard's drill in the Persian Gulf.

Economy

Is Iran using cryptocurrencies to circumvent sanctions?

Experts say Iran's Revolutionary Guards are using cryptocurrencies to circumvent Western sanctions and finance allied militias.

👁 Die Gasflamme an einem Kochherd wird am 6. September 2005 in Bremen entzuendet. Das Bundesumweltministerium befuerchtet fuer dieses Jahr einen dramatischen Anstieg der Gasprei

Economy

Is Europe sleepwalking into its worst gas crisis since 2022?

European gas prices have surged 70% and storage is running low. Supply disruptions, rising inflation and the prospect of ECB tightening are raising fears of a repeat of the 2022 energy crisis.

👁 Closing the "deterrence gap": Bundeswehr association calls for war economy

Economy

Germany's armed forces association calls for shift to 'war economy'

The German Armed Forces Association is warning of a growing Russian threat, a weakened Europe and an unreliable Washington — while the Iran conflict pours billions into Putin's coffers.

👁 Federico DeMarco works on the floor at the New York Stock Exchange, 25 March 2026

A month into the Iran war, bond yields surge and inflation fears mount

Nearly a month into the Iran war, government bond markets have sharply repriced. Surging oil and gas costs have stoked inflation expectations and forced a rethink on central bank policy.

👁 A BP refinery produces fuel in Gelsenkirchen, Germany, Thursday, March 12, 2026.

Economy

OECD cuts eurozone growth forecast as energy prices surge

The OECD said Thursday it was cutting its eurozone growth outlook and forecasting higher inflation for 2026 after the Middle East war caused energy prices to skyrocket.

👁 Rice extension specialist walks through a rice field

Economy

War-driven disruptions push Central Asia to rethink agriculture

Rising geopolitical tensions are disrupting Central Asian agriculture, boosting global food prices, straining supply chains and pressuring exports. Experts stress regional cooperation, diversification, and innovation as key responses.

👁 US President Donald Trump meets with the President of the European Commission Ursula von der Leyen, during the UN General Assembly, Tuesday, Sept. 23, 2025, in New York.

EU lawmakers support EU–US trade deal, with conditions attached

The European Parliament on Tuesday cleared the way for the implementation of the Turnberry agreement, but the safeguards attached by lawmakers must still be approved by EU member states before tariffs on US goods can be reduced to zero.

👁 A truck runs by containers at the Uiwang ICD Terminal in Uiwang, South Korea, 12 March 2026

Economy

Who won and who lost from a year of US tariffs?

A report published this month by the McKinsey Global Institute offers one of the most rigorous accountings of last year's trade war. Its verdict confounds almost every prediction made when the tariffs were first introduced.

👁 FILE - European Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese after agreeing to a free trade deal in Canberra, 24 March 2026.

Economy

G'day to cheaper Champagne: EU-Australia deal boosts European products

After eight years of fraught negotiations, Europe and Australia have finally struck a trade deal. From champagne to critical minerals, here is what changes — and for whom.

👁 Lille's train station, France, January 2023.

Lille clinches bid to host EU Customs Authority

EU lawmakers voted on Wednesday to designate the French city of Lille as the headquarters of the upcoming European Customs Authority, beating Italy’s bid to host it in Rome.

👁 President of European Central Bank Christine Lagarde addresses the media during a press conference after an ECB's governing council meeting in Frankfurt. 19 March 2026

Economy

Iran war energy shock puts ECB on alert — Lagarde vows timely response

The Iran war has sent oil and gas prices surging and rate hike bets rising, but ECB chief Christine Lagarde says the eurozone is far better placed to absorb the shock than it was when Russia invaded Ukraine.

👁 A view of the EPR2 construction site of the new reactors currently being built at the Penly nuclear power plant in Petit-Caux, France, on the English channel coast, Thursday,

Economy

Europe's nuclear leaders: Which countries produce the most?

Nuclear power accounts for 12% of the EU’s energy mix. Yet despite recent increases, overall nuclear power production is declining.

👁 Farmers protest the Mercosur EU trade deal with South America they fear threatens their livelihoods, Tuesday, Jan. 13, 2026 in Paris.

Farmers angry after EU-Australia trade deal liberalises farm products

The new EU-Australia trade deal has drawn criticism from farmers and MEPs, who argue that it will open the door to additional imports of sensitive products on top of those already agreed under the contentious Mercosur deal, while not providing full protection for certain EU regional products.

👁 Hungary remains connected to Russian oil.

EU delays proposal to ban Russian oil amid Iran war and price spikes

A law to permanently ban Russian oil from the European Union has been pushed back amid rising prices fuelled by the war in the Middle East.

👁 A car drives into a gas station as gasoline prices are displayed in Paris, Monday, March 9, 2026

Economy

Is the Iran war pushing Europe into a stagflation crisis?

The Iran conflict has handed Europe its most punishing economic combination in years — stagflation. With input costs surging, output stalling and confidence collapsing, the ECB's window of stability seems to have closed.

👁 Portugal Financial Crisis in 2013

Economy

State pensions in Europe: Where do they best cover the cost of living?

State pensions as a share of living costs vary widely across Europe. In Northern and Western Europe, pensions often meet or exceed basic expenses while in Eastern Europe and the Balkans they often fall short of covering them.

👁 EU Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese sign a joint statement in Canberra, Tuesday, March 24, 2026.

Von der Leyen clinches Australia trade deal

The European Commission clinched a trade deal with Canberra on Tuesday, liberalising flows of goods while keeping quotas on sensitive EU farm products and leaving Australia’s luxury car tax largely intact.

👁 Farmers wave banners and set off flares during a demonstration against the EU-Mercusor trade agreement outside the European Parliament in Strasbourg, 20 January 2026.

EU says Mercosur deal set for provisional application from 1 May

The EU executive finalised procedures to provisionally implement the contentious Mercosur trade deal, with tariff cuts on goods to take effect from 1 May despite a legal challenge at the EU Court of Justice.

👁 International Energy Agency Executive Director Fatih Birol speaks at the National Press Club in Canberra, Australia. 23 March 2026

Economy

IEA: Global economy faces ‘major, major threat’ because of Iran war

War in the Middle East has 'severely' damaged more than 40 energy assets across nine countries, said the head of the International Energy Agency, as he warned of deepening risks to the global economy.

👁 A view of the EPR2 construction site of the new reactors currently being built at the Penly nuclear power plant in Petit-Caux, France. 12 March 2026

Economy

Is Europe going to be forced to return to nuclear energy?

With the EU still importing over 50% of its energy and facing persistently high electricity bills, the debate over a nuclear revival to ensure independence and affordability has been reignited.

👁 Spanish Prime Minister Pedro Sánchez speaks to the media upon his arrival at the EU summit in Brussels, Thursday, 19 March, 2026.

Economy

Spain unveils €5bn energy package to offset costs of Iran war

The Spanish government has approved a package of 80 measures to tackle rising energy prices and mitigate the broader economic impact of the war in the Middle East.

👁 Taps are photographed at a gas station in Frankfurt, Germany, Wednesday, Oct. 5, 2022.

Economy

IEA urges swift cuts in oil demand, encourages remote work

As the war in the oil-rich Middle East keeps escalating, the International Energy Agency is calling on governments to take measures to reduce oil demand by pushing remote working, reducing speed limits and encouraging a shift towards public transport.

👁 File - Fuel prices are displayed at a gas station in Frankfurt, Germany. 19 March 2026.

Economy

Fuel taxes across Europe: Where do consumers pay the most?

Fuel prices across Europe are soaring, with taxes making up more than half of the cost at the pump in many countries. Euronews Business examines how differences in taxes mean motorists in some countries now pay far more at the pump than others.

👁 President of European Central Bank Christine Lagarde addresses the media during a press conference after an ECB's governing council meeting in Frankfurt, Germany, Thursday, Ma

Economy

Iran war has 'material impact' on inflation, ECB's Lagarde warns

ECB holds rates, warning Middle East tensions and oil risks could push inflation higher. Baseline sees 2.6% in 2026, but energy shocks could lift it to 3.5% or 4.4%, depending on how long supply disruptions persist.

👁 FILE. European Central Bank (ECB) headquarters in Frankfurt, Germany

Economy

ECB keeps rates steady as rising energy prices fuel inflation concerns

The European Central Bank (ECB) kept its key policy rates on hold on Thursday, as fresh spikes in oil and gas prices threaten to derail recent progress in reducing inflation.

👁 FILE -A man walks in front of the Bank of England, at the financial district in London. 5 Feb. 2026

Economy

Bank of England holds rate at 3.75% amid Iran war inflation fears

The Bank of England has held its main interest rate at 3.75% in the wake of rising oil and gas prices following the start of the Iran war.

👁 The U.S. has launched investigations into EU goods over alleged unfair trade practices despite signing a trade deal with the bloc in July 2025.

MEPs clear path for full adoption of EU–US trade deal

EU lawmakers moved closer to implementing the EU–US trade deal after a key committee vote, but tensions with Washington persist.

👁 An explosion erupts from a building following an Israeli strike in central Beirut, Lebanon, 18 March 2026

Economy

Brent crude oil crosses $119 after Iran hit largest Qatari energy site

Brent crude oil traded briefly above $119 a barrel after Iran struck Qatar’s largest energy site, the Ras Laffan gas field. The attack was in response to Israeli strikes against the Iranian South Pars gas field.

👁 FILE -Federal Reserve Chair Jerome Powell speaks during a news conference at the Federal Reserve Board Building in Washington.. 28 Jan. 2026

Economy

Fed projects one rate cut, sees limited Iran war impact

Federal Reserve officials say the war in Iran is likely to push up inflation this year, while having little impact on economic growth.

👁 Wells at the San Ardo Oil Field, California, USA, March 2026

Economy

Oil surges to $110 after Israel hits Iran's energy facilities

Brent crude oil prices surged to $110 a barrel after Israel attacked the largest gas plant and another oil facility in Iran. The Islamic Revolutionary Guard Corps of Iran (IRGC) reacted by announcing that some Gulf energy sites are "legitimate targets".

👁 A customer grabs his receipt at a gas station in Portland, Oregon, USA, 16 March 2026

Economy

Moody's says US recession increasingly 'hard to avoid' amid Iran war

Moody’s Analytics model forecasts a 49% chance of a US recession in the next 12 months, the closest probability in years.

1

2

3

Germany's first Omani LNG shipments arrive despite Gulf disruptions

4

5

Trump unveils up to 100% tariffs on patented drugs

👁 Image
ADVERTISEMENT

👁 Image
ADVERTISEMENT