Euro risks falling below parity with dollar if Iran war drags on

The euro has dropped to around $1.16 against the US dollar, its lowest level since late 2024, as escalating conflict involving Iran pushes investors toward safe haven assets and raises fears of stagflation across energy dependent European economies. The currency’s decline accelerated following joint US and Israeli strikes on Iran in......

BYD sales surge in Europe as gap with Tesla narrows

Chinese automaker BYD posted strong sales growth across major European markets in February 2026, reinforcing its expansion on the continent while narrowing the gap with Tesla. The increase comes as the company continues to strengthen its presence in Europe despite weaker performance in its domestic market. In Germany, BYD registered 3,053......

Eight German teens face trial for far-right violence

Eight suspected members of a far-right extremist group in Germany, including minors, are on trial in Hamburg for attacks targeting refugees and left-wing activists. The accused, aged between 14 and 21, face charges of attempted murder and membership in a terrorist organization known as “The Last Defense Wave.” Several suspects......

Oil price surge threatens Germany with $46 billion economic hit, warns IW

Rising oil prices driven by escalating tensions in the Middle East are sending shockwaves through global economies, raising concerns about slower growth, higher inflation, and tighter monetary policy if crude prices remain elevated. Governments and central banks from Europe to Asia are confronting mounting energy costs and narrowing policy......

Türkiye exports 80 million flowers to 35 countries for international women's day

Türkiye’s floriculture sector has experienced a surge in activity ahead of International Women’s Day, with around 80 million flowers exported to 35 countries around the world. The shipments, largely composed of carnations and hyacinths, were prepared mainly in greenhouses located in Antalya, a major agricultural hub in southwestern......

Eurowings extends suspension of flights to Beirut until March 28

The German airline Eurowings has announced that it will extend the suspension of its flights to Beirut until March 28, according to information shared with travel partners and agents. The airline, which operates under the umbrella of the Lufthansa Group, regularly connects the Lebanese capital with several European destinations. Under normal......

Italy plans air defense aid for Gulf states after Iranian strikes

Italian Prime Minister Giorgia Meloni said Rome intends to provide air defense assistance to Gulf states affected by Iranian retaliatory strikes, joining the United Kingdom, France and Germany in pledging military support to the region. Speaking to Italian radio station RTL 102.5 on March 5, Meloni said the planned assistance would focus......

Trump threatens Spain over base access as NATO allies split on Iran war

Less than a week after the United States and Israel launched a joint military campaign against Iran, divisions have emerged within NATO over how to respond to the conflict, exposing deep disagreements among European allies. NATO Secretary General Mark Rutte acknowledged the fractures while speaking during a visit to North Macedonia. He said......

Trump says Starmer is “not Churchill” over UK stance on Iran strikes

U.S. President Donald Trump has sharply criticized British Prime Minister Keir Starmer, saying he is “not Winston Churchill” after the United Kingdom initially refused to allow American forces to use British military bases for strikes against Iran. The comments have exposed one of the deepest tensions in recent years between Washington......

Middle East war escalates as Iran, Israel and US exchange strikes

The conflict involving Iran, Israel and the United States intensified on its fourth day, with Tehran launching attacks on US-linked sites in the Gulf while Israel continued simultaneous airstrikes in Iran and Lebanon. Iran’s Revolutionary Guards warned that “the gates of hell” would open further against the United States......

Eurozone inflation edges up to 1.9 percent as Iran conflict fuels energy shock

Eurozone inflation picked up in February as the war involving Iran, the United States and Israel sent energy markets into turmoil and revived concerns about new price pressures in Europe. A flash estimate from Eurostat showed consumer prices in the 21-country currency bloc rising 1.9 percent year on year, up from 1.7 percent in January and......

Eurozone inflation edges up to 1.9 percent as Iran conflict fuels energy shock

Eurozone inflation picked up in February as the war involving Iran, the United States and Israel sent energy markets into turmoil and revived concerns about new price pressures in Europe. A flash estimate from Eurostat showed consumer prices in the 21-country currency bloc rising 1.9 percent year on year, up from 1.7 percent in January and......

European stocks sink as Iran conflict rattles trade and energy routes

European equities posted their steepest single day drop in months on Monday as investors reacted to the deepening military confrontation involving the United States, Israel, and Iran and its fallout for global trade and energy flows. The pan-European Stoxx 600 lost around 1.8 percent, while Germany’s DAX index slid more than 2.3 percent......

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