Business

Crude oil prices jumped following the US military strikes on the Iran-backed Houthi militants, in response to the Yemen-based group’s commercial vessel attacks in the Red Sea. However, a deteriorating economic outlook is expected to continue pressuring oil prices. ADVERTISEMENT Crude oil prices jumped to their highest levels since 4 March following US military strikes on Yemen’s Houthi group at …

Ephos co-founder and CEO, Andrea Rocchetto, sheds light on how glass chips, instead of silicon chips, can revolutionise data centre energy efficiency. ADVERTISEMENT Did you know that the worldwide photonics market was worth approximately $983.5 billion (€906.6bn) in 2024 and is expected to surge to $1,642.6bn (€1,514.1bn) by 2032, according to Fortune Business Insights?  Photonic chips carry and process data …

Major central banks are set to decide on interest rates this week, providing guidance on market trajectory. Investors will particularly focus on the Federal Reserve’s policy outlook, as the bank may step in and buoy a wobbly Wall Street after it fell into correction territory. ADVERTISEMENT Major global stock market indices posted weekly losses as an escalating global trade war …

Euronews Business looks at the factors impacting the rubber market this year, while also exploring how sustainable farming practices like agroforestry may impact the rubber industry. ADVERTISEMENT Natural rubber production is expected to be below demand for the fifth year in a row in 2025. According to the Association of Natural Rubber Producing Countries (ANRPC), global natural rubber production is …

Euronews Business looks at the factors impacting the rubber market this year, while also exploring how sustainable farming practices like agroforestry may impact the rubber industry.

US president Donald Trump has kicked trading tensions up a notch by threatening tariffs on EU alcohol, even as ECB president Lagarde warns that an escalating trade war could have severe global consequences. ADVERTISEMENT European markets were optimistic on Friday morning, despite US President Donald Trump threatening to impose 200% tariffs on alcoholic products from the EU, in response to …

The British economy shrank in the first month of 2025 compared with December, driven by a decline in production. ADVERTISEMENT The monthly British GDP unexpectedly fell by 0.1% in January, following growth of 0.4% in December 2024, according to an estimate from the UK statistics office (ONS).  The underperforming economy increases pressure on UK Chancellor Rachel Reeves, in charge of …

As US President Donald Trump continues to shake up the global trading order, EBRD nations aren’t likely to feel the brunt of the disruption. Even so, diminished growth in other countries is set to have ripple effects. ADVERTISEMENT The European Bank for Reconstruction and Development (EBRD), in its recently released Regional Economic Prospects report, cites the uncertainty surrounding trade policies …

Gold prices reached a new high, while equity markets and crude oil continued to decline on Thursday amid an escalating global trade war. Risk-off sentiment prevailed in the financial markets due to economic and political uncertainties, shifting funds away from riskier assets. ADVERTISEMENT Gold prices reached a new high on Thursday, with gold futures at Comex surging 1.5%, briefly surpassing …

The move comes in response to an EU tariff on US whiskey imports. ADVERTISEMENT US President Donald Trump has threatened to impose a 200% tariff on wine, champagne, and other alcoholic drinks imported from the EU. Trump noted that the threat would remain until the EU removed a 50% duty on US-made whiskey. “If this tariff is not removed immediately, …