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%,......

ASML employees stage walkout as unions challenge job cuts

More than 1,000 employees of Dutch chip equipment manufacturer ASML participated in a lunchtime walkout at the company’s headquarters in Veldhoven on Tuesday. The protest was organized in response to plans to cut 1,700 jobs, representing 3.8% of the workforce, as part of a broader reorganization. Union leaders urged ASML management......

Lufthansa extends Middle East flight suspensions amid escalating conflict

Deutsche Lufthansa has extended the suspension of several routes to the Middle East as the conflict involving Iran enters its fourth week with no clear signs of de escalation. The airline said flights to Dubai and Tel Aviv will remain suspended until May 31, while services to Abu Dhabi, Beirut, and Tehran are halted until October 24. The......

Eurozone growth stalls as Middle East conflict fuels stagflation fears

Economic activity across the eurozone slowed sharply in March, with private sector growth nearly stalling as rising energy costs and supply disruptions linked to the Middle East conflict weighed on demand and business confidence. Preliminary data from S and P Global showed the HCOB eurozone composite PMI fell to 50.5 in March from 51.9 in......

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......

Grab expands beyond Southeast Asia with $600 million Taiwan deal

Grab Holdings has agreed to acquire foodpanda’s delivery business in Taiwan for $600 million in cash, marking the Singapore-based company’s first expansion outside Southeast Asia. The deal will extend Grab’s footprint to a ninth market, adding operations in 21 Taiwanese cities and access to a business that generated about......

European stocks drop sharply at Monday opening amid oil and Middle East tensions

European stock markets opened sharply lower on Monday, weighed down by surging oil prices and ongoing conflict in the Middle East, with no signs of de-escalation as the fourth week of tensions begins. At around 9:05 a.m. Paris time, major indices were down: Paris’s CAC 40 fell 1.44%, London’s FTSE 100 dropped 1.46%, Milan’s......

Volkswagen CEO urges German carmakers to learn from China’s industrial strategy

Oliver Blume, chief executive of Volkswagen, has suggested that German car manufacturers could benefit from adopting elements of China’s structured industrial planning as they navigate an increasingly competitive global market. In a recent interview, Blume highlighted China’s coordinated approach to industrial development, noting......

Basf bets on China with landmark investment for long-term growth

German chemical giant BASF is reinforcing its long-term commitment to China through its largest-ever investment project, aiming to expand its footprint in the world’s biggest chemicals market. The company is currently developing a major chemical complex in Zhanjiang, a project estimated to cost around €9 billion and expected to......

German authorities dismantle darknet fraud network linked to illegal content

German authorities have dismantled a large-scale fraud network operating on the darknet, in a case that highlights the growing complexity of cybercrime and international cooperation. According to officials in Bavaria, the network used illegal and highly sensitive content as bait to deceive users into making payments for material that was......

Germany eases arms export rules for Gulf states and Ukraine

Germany has announced a temporary easing of its arms export regulations to accelerate the delivery of defense equipment to several Gulf countries and Ukraine, reflecting growing security concerns in the region. Speaking in Berlin, Economy Minister Katherina Reiche stated that the move aims to respond to urgent defense needs, particularly......

European central banks hold rates as Iran war fuels inflation fears

Major European central banks kept interest rates unchanged on Thursday as rising energy prices linked to the conflict with Iran raised concerns about renewed inflation across the region. The European Central Bank held its deposit rate at 2 percent for the sixth consecutive meeting, while the Bank of England, the Swiss National Bank, and Sweden’s......

Saidia mediterrania strengthens global presence at itb berlin 2026

Saidia Mediterrania took part in the 2026 edition of ITB Berlin, held from March 3 to 5, with the aim of boosting its international visibility and attracting tourism professionals. Represented within the Moroccan pavilion, the destination showcased its diverse tourism offer, highlighting its seaside attractions, golf facilities, cultural......

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