Pound falls as European bond rout deepens amid energy shock

European government bond markets are facing one of their most severe sell-offs in nearly a decade, driven by surging energy prices linked to the conflict involving Iran. Investors are increasingly pricing in higher interest rates, widening fiscal deficits, and renewed stagflation risks across the region. Yields have climbed sharply across......

ECB raises concerns over banking experience of MPS CEO candidate

The European Central Bank (ECB) has expressed reservations بشأن the professional background of the candidate proposed to lead Monte dei Paschi di Siena (MPS), according to a source familiar with the matter. The concerns focus on whether the nominee has sufficient banking experience to head one of Italy’s major lenders. The candidate,......

MPS proposes CEO change to strengthen governance and internal cooperation

Monte dei Paschi di Siena (MPS), one of Italy’s oldest financial institutions, has announced plans to propose a change in its leadership as part of efforts to improve internal coordination and governance. The decision comes ahead of a key shareholders’ meeting scheduled for mid-April, where a new board will be appointed. The bank’s......

Europe launches its largest ever venture capital fund of funds at 15 billion euros

The European Investment Fund has unveiled a 15 billion euro fund of funds, the largest of its kind in Europe, as part of a sweeping initiative to address the continent's persistent shortage of late-stage venture capital. The vehicle, named ETCI 2, will back around 100 growth-stage funds and aims to unlock up to 80 billion euros in follow-on......

Italian watchdog validates all board nominations at Monte dei Paschi

Italy’s financial markets regulator has reportedly confirmed the legitimacy of all candidate lists submitted for the upcoming board renewal at Banca Monte dei Paschi di Siena, according to a source familiar with the matter. The decision by Commissione Nazionale per le Società e la Borsa (Consob) comes after a review of three......

Iran conflict triggers mass tourism cancellations in eastern Mediterranean

The war in Iran sparks widespread tourism cancellations across the eastern Mediterranean, jeopardizing the region's vital summer season just weeks before launch. Cyprus suffers the hardest hit, with short-term rental cancellation rates jumping from 15% pre-conflict to 100% immediately after Iran's March 2 drone strike on the British......

Italy’s growth outlook weakens amid Iran conflict, business Lobby warns

Italy’s economy is expected to grow just 0.5% in 2026, the country’s main business association, Confindustria, said on Wednesday. This is a downgrade from its previous forecast of 0.7% in October, as the organization highlighted the potential risks if the Iran conflict continues. Last year, Italy’s GDP rose by 0.5%, marking......

European stocks rise on hopes for Middle East peace plan

European stock markets opened higher on Wednesday, boosted by optimism over a potential resolution to the ongoing conflict in the Middle East. Investor sentiment improved following recent statements from U.S. officials, who outlined a 15-point peace plan reportedly shared with Iran. In early trading, Paris’ CAC 40 index rose 1.32%,......

Morocco and Italy launch second economic summit in Rabat

The second Morocco Italy Economic Summit opened on Tuesday in Rabat, focusing on strengthening trade ties and accelerating investment flows between the two countries. Organized by the Moroccan Chamber of Commerce in Italy in partnership with the Italian Chamber of Commerce in Morocco, the event aims to translate long standing bilateral relations......

Cloudflare geo blocks 2,800 domains as legal pressure intensifies

Cloudflare sharply increased its use of geo blocking in late 2025, restricting access to 2,791 domains in the second half of the year, according to its latest transparency report. The figure marks a nearly ninefold rise compared with the 308 domains blocked during the same period in 2024, reflecting growing regulatory pressure on internet......

Russia gold reserves fall to four year low amid budget strain

Russia’s central bank has reduced its gold holdings to the lowest level in four years after selling roughly 500,000 troy ounces in early 2026, as mounting fiscal pressure and declining energy revenues weigh on the country’s finances. Data released by the Bank of Russia shows reserves fell to 74.3 million troy ounces as of March......

Italy’s Meloni narrowly loses justice referendum, exit polls indicate

Exit polls on Monday indicated that Italian Prime Minister Giorgia Meloni narrowly lost a national referendum on her proposed judicial reforms, potentially marking a significant setback for the ruling coalition ahead of next year’s general election. According to surveys conducted by Opinio for state broadcaster RAI and SWG for La7 TV,......

Italy seeks new gas supplies as Meloni visits Algeria amid Qatar disruptions

Italian Prime Minister Giorgia Meloni is set to visit Algeria this week as Italy moves to secure alternative gas supplies following disruptions in deliveries from Qatar. The supply issues are linked to escalating tensions in the Middle East, which have affected energy infrastructure and export capacity. Algeria has emerged as a key partner......

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