Browsing: Business

The European Union recorded a lower gas import bill in the first quarter of 2026, as the value of both liquefied natural gas and pipeline gas declined. Eurostat said liquefied natural gas imports fell 8.0% in value from the 2025

The Council of the European Union approved two tariff regulations on June 25, completing the bloc’s legislative process for commitments made with the United States in 2025. The measures implement tariff terms set out in the EU-US Joint Statement of

The European Investment Bank Group approved €7.9 billion in new financing on June 11, 2026, covering innovation, water, clean energy and transport. The approvals came from the boards of the European Investment Bank and the European Investment Fund. The package

The European Central Bank raised interest rates on Thursday for the first time since 2023. The Governing Council increased all three key ECB rates by 25 basis points. The deposit facility rate rises to 2.25%. The main refinancing rate rises

The European Union has launched a Mediterranean clean energy initiative that aims to mobilise up to €25 billion for renewable energy and clean technology by 2035. The Trans-Mediterranean Renewable Energy and Clean Tech Cooperation initiative, known as T-MED, was unveiled

The European Union approved stricter steel import rules aimed at protecting its market from global overcapacity, tightening a trade shield before an existing safeguard expires on June 30, 2026. The Council of the EU adopted the regulation on June 8.

EuroWire, WASHINGTON: The European Union and the United States launched a strategic partnership on critical minerals on April 24, signing a memorandum of understanding in Washington and agreeing an EU-US Critical Minerals Action Plan. Secretary of State Marco Rubio and EU Trade Commissioner Maros Sefcovic

EuroWire, BRUSSELS: Verified emissions from sectors covered by the European Union’s carbon market fell 1.3% in 2025 from a year earlier, extending a long-running decline in pollution from power generation, heavy industry, aviation and maritime transport. The European Commission said

EuroWire, PARIS: European wheat prices fell for a third straight session on Friday, extending a retreat in the region’s benchmark grain market as ample exportable supplies continued to weigh on sentiment. Front-month May milling wheat on Euronext ended at 195.25

EuroWire, VIENNA: OPEC+ said on April 5 that eight participating countries will raise oil production by 206,000 barrels per day from May, extending a measured increase in supply under the group’s existing output framework. The decision was announced after a