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......

Spain closes airspace to U.S. aircraft involved in Iran conflict

The Spanish government has closed its airspace to U.S. aircraft involved in the ongoing conflict against Iran, according to Defense Minister Margarita Robles. Spain’s left-leaning government has expressed strong opposition to U.S.-Israeli military actions in the region. Robles clarified that the use of U.S. bases in Spain for operations......

Europe's energy crisis deepens as Iran war shockwaves spread across three continents

One month into the U.S.-Israeli war against Iran, the economic shockwaves of the conflict are spreading well beyond the Middle East, pressing households and industries across three continents. Iran's effective blockade of the Strait of Hormuz, through which roughly one fifth of global oil and liquefied natural gas normally flows, has triggered......

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......

Young Spanish woman ends life via euthanasia after rape and paralysis

Noelia Castillo Ramos, a 25‑year‑old woman from Spain, died on March 26, 2026, through assisted euthanasia in Catalonia. The procedure took place at the Sant Camil healthcare center in Sant Pere de Ribes, near Barcelona, where she spent her final hours with family. Her case has drawn national and international attention and has reignited......

Spain’s plan to tax non-EU property buyers faces parliamentary deadlock

Spain’s controversial proposal to impose a steep tax on non-European Union property buyers has stalled in parliament, reflecting political divisions and the challenges of passing reforms under a minority government. The plan, promoted by Prime Minister Pedro Sánchez, aimed to significantly increase taxation on foreign buyers......

Tesla gains fade amid delivery worries despite Europe rebound

Tesla shares rose 0.8% Wednesday to close at $385.95 after European registration data showed positive growth for the first time in over a year, only to shed those gains Thursday with a 1.4% drop to $380.66 as analysts cut 2026 delivery forecasts. ACEA data revealed February registrations up 11.8% year-over-year in the EU, UK and EFTA countries,......

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......

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