Category: Business

FRANKFURT: Inflation across the eurozone has surged to its highest level in three years, reaching 4.0 percent in October as the war in the Middle East sent energy prices sharply higher, official figures showed on November 4. The rate for the 21 countries that share the euro rose from 3.8 percent in September, according to […]

Oil prices rose about 2% on Thursday after China suspended exports of oil products to destinations outside Hong Kong and Macau, adding fresh pressure to fuel markets already facing tight global supplies. The December Brent crude futures contract climbed 2.1%, or $2.06, to $100.09 a barrel at 0829 GMT. US West Texas Intermediate crude also […]

Oil climbs for second day as Middle East war keeps supply fears alive BENGALURU: Oil prices rose for a second straight session on Tuesday as traders weighed the risk of further supply disruptions in the Middle East against early signs that crude exports from the region are recovering. The ongoing US‑Israeli war on Iran, now […]

Oil prices inched higher on Tuesday, as markets began to look past easing tensions in the Middle East and refocused on how quickly supply can recover and whether global demand will hold steady, according to Arab News. Brent crude rose by 0.5 percent to $72.37 a barrel, while US West Texas Intermediate gained 0.4 percent […]

LISBON — Storm clouds keep gathering over the world economy, but Europe is learning to stand firmer beneath them, the European Central Bank’s president said Tuesday. Speaking at the opening of a major gathering of central bankers in Portugal, Christine Lagarde painted a sobering picture of a world where crises no longer arrive one at […]

The United Nations is preparing a large-scale operation to evacuate more than 11,000 sailors stranded in the Gulf, as fragile calm returns to the Strait of Hormuz following months of conflict, according to BBC News. The International Maritime Organization (IMO) announced that the evacuation will be carried out in coordination with Iran, Oman, the United […]

14 April 2026, Brussels – A new support project for the European Technology and Innovation Platform on Renewable Heating and Cooling (RHC-ETIP), representing a broad coalition of stakeholders across biomass, geothermal, solar thermal, heat pumps, district heating and cooling, and thermal storage, officially launched in March 2026. Funded by the European Union, this two-year project […]

In a landmark ruling that reshapes U.S. trade policy, the U.S. Supreme Court has struck down a key set of global tariffs imposed by President Donald Trump, dealing a major setback to his economic agenda and his long-standing push for protectionist trade measures, according to BBC News. By a 6–3 majority, the court found that […]

Finland Backs France-Led Call for Two-State Solution, Signals Openness to Palestine Recognition In a significant diplomatic move, Finland has formally joined France’s declaration advocating for a two-state solution to the Israeli-Palestinian conflict. The announcement comes amid renewed international focus on Middle East peace efforts, and hints at Finland’s future recognition of Palestinian statehood. “Finland has […]