Economy
European gas prices have surged as rising tensions between the United States and Iran revive fears of supply interruptions through the Strait of Hormuz, a key route for liquefied natural gas shipments from the Gulf. The Dutch TTF benchmark, Europe’s main gas price reference, climbed back above......
The United States recorded a historic trade deficit of $1.241 trillion in 2025, marking a 2.1% increase compared with the previous year, according to data released by the US Department of Commerce. This record deficit occurred despite the implementation of tariffs aimed at rebalancing trade flows with......
For the first time in recent history, Italy has overtaken France in gross domestic product per capita, marking a notable shift in Europe’s economic landscape. The development reflects diverging growth trajectories between the two eurozone economies. In 2019, France stood above the average GDP......
European natural gas prices dropped sharply on Monday as forecasts of milder temperatures across the continent eased immediate concerns over heating demand. The benchmark Dutch TTF contract slid more than 5 percent to around 30.75 euros per megawatt hour, according to Trading Economics, marking its lowest......
The European Commission on Friday approved Universal Music Group’s 775 million dollar acquisition of Downtown Music Holdings, subject to conditions requiring the sale of Downtown’s royalty accounting platform Curve to address competition concerns. The conditional clearance concludes a months......
China announced on Thursday that it will reduce anti-subsidy tariffs on certain dairy products imported from the European Union (EU), easing the measures initially imposed in December 2025 in response to European taxes on Chinese electric vehicles. According to the Chinese Ministry of Commerce, the......
Russian energy company Novatek reported a sharp drop in net profit for 2025, underscoring the growing strain Western sanctions are placing on Moscow’s liquefied natural gas sector. The country’s largest LNG producer said net income fell to 183 billion rubles, or about 2.37 billion dollars,......
The European Union has officially approved counting chemical recycling toward mandatory recycled content in plastic bottles, marking a significant shift in EU recycling policy. On Friday, the 27 EU member states voted in favor of including chemical recycling in the calculation of recycled content. Previously,......
CEOs of Europe's two largest carmakers are urging the European Union to shield the domestic auto industry from intensifying competition by Chinese manufacturers across the continent. Volkswagen CEO Oliver Blume and Stellantis CEO Antonio Filosa published a joint op-ed Wednesday evening in three......
The European Union is set to waive additional origin checks for gas imports from the United States, Qatar, Norway, Great Britain, Algeria, and Nigeria as it rolls out a new enforcement system to phase out Russian gas supplies. This move, outlined in a draft document from the European Commission and reported......
Former U.S. president Donald Trump announced that several South Korean products will now face tariffs of up to 25%, citing delays by the South Korean Parliament in ratifying a bilateral trade agreement. The decision marks a new escalation in trade tensions between Washington and Seoul. In a statement......
India is set to reduce tariffs on European car imports from 110% to 40% as part of a historic trade agreement with the European Union, sources told Reuters. The move marks the largest opening of India’s automotive market to European manufacturers to date. Under the agreement, which could be signed......
Poland is not in a hurry to adopt the euro, as its economy is currently performing better than many countries within the eurozone, according to the country’s finance minister. In recent comments, Finance Minister Andrzej Domanski explained that Poland’s strong economic growth and stable......
