At least 11 liquefied natural gas tankers originally bound for Europe have been redirected to Asia since early March, as buyers in the region outbid European importers for limited cargoes following the escalation of war in the Middle East. Data from MarineTraffic shows the rerouting trend as disruptions......
The European Central Bank (ECB) may consider raising interest rates as early as April if inflationary pressures intensify, according to Joachim Nagel, head of the Deutsche Bundesbank. Speaking about the economic outlook, Nagel said that a rate increase at the next ECB meeting remains “an option,”......
European Central Bank President Christine Lagarde warned Wednesday that companies and workers could transmit rising energy costs stemming from the Iran conflict more rapidly than they did during the 2022 inflation surge, because the memory of that episode remains fresh. Speaking at the ECB and Its Watchers......
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......
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......
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......
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......
European electricity markets are proving more resilient than expected to the Middle East energy crisis, as rapid expansion in wind and solar generation limits the impact of surging gas prices, according to a Bloomberg analysis. Gas prices in Europe have risen by more than 50 percent since late February,......
Barclays and Morgan Stanley have upgraded their outlook on Finnish renewable fuels producer Neste, citing improved margins driven by rising fuel prices linked to geopolitical tensions involving Iran. Barclays raised its rating on the company to overweight and set a price target of €32, while Morgan......
The German services workers' union Verdi has called for a strike at Berlin Brandenburg Airport on Wednesday amid ongoing disputes over wages and working conditions with public-sector employers. The union said in a statement that during the second round of negotiations, the employers presented a......
A growing diesel shortage triggered by disruptions to global energy supplies is threatening agricultural activity across multiple continents, raising concerns about rising food prices in the months ahead. Two weeks after the start of the US Israeli conflict involving Iran, the effective closure of the......
BMW warned that profits will decline in 2026 as higher tariffs, currency shifts, and rising costs weigh on the German luxury carmaker’s profitability, even as the company bets on its next generation of electric vehicles to drive long term growth. Speaking at its annual conference in Munich, the......
European natural gas prices dropped sharply after a surge triggered by the conflict involving the United States, Israel, and Iran, as traders reacted to comments from U.S. President Donald Trump suggesting the war could end in the near future. The benchmark Dutch TTF gas price, the main reference for......
