News
European earnings preview: Who wins and who loses from the Iran war?
2+ hour, 31+ min ago (1459+ words) The first earnings season of 2026 carries unusual weight. European companies will report their quarterly results this month against a backdrop that has shifted dramatically since their last guidance: a conflict in the Middle East that erupted in late February, a…...
Japan passes biggest ever budget at €664bn amid spending push
1+ day, 3+ hour ago (524+ words) Japan's fiscal budget for 2026 was enacted on Tuesday following its approval in the upper house of the parliament, funding the state with "122.3 trillion (664bn), the largest allocation in the nation's history. The spending bill's passage comes after the government was forced…...
Which were Europe's richest and poorest countries in 2025?
1+ day, 10+ hour ago (747+ words) Gross domestic product (GDP) per capita in purchasing power standards (PPS) is a widely used measure to compare national income levels as it takes price level differences into account. In 2025, GDP per capita in PPS varies significantly across Europe. With…...
Richest 0.1% hide more wealth than the poorest half of humanity owns
6+ day, 6+ hour ago (1022+ words) The amount of untaxed wealth hidden in offshore tax havens by the world's richest 0.1% exceeds the collective assets of the poorest 4.1 billion people on Earth, an analysis by Oxfam shows. The report released on Thursday highlights that a decade after…...
Oil jumps as markets disappointed by Trump’s Iran threat
6+ day, 10+ hour ago (397+ words) Instead of declaring victory or offering clarity on his strategy in the Iran war, the US president promised fresh attacks over the next two to three weeks, reviving fears of rising inflation and slowing economic growth. Dampened hopes of an…...
Iran war slashes Germany's growth outlook 50%, with deficit at 4.2%
1+ week, 2+ hour ago (784+ words) The Iran war is hitting the German economy at the worst possible time. Having only just fought its way out of a multi-year downturn, Europe's largest economy is now facing a new external shock " and the picture painted by leading…...
Eurozone inflation jumps to 2.5% amid Iran war: Will ECB hike rates?
1+ week, 1+ day ago (1234+ words) One month ago, energy was dragging eurozone inflation lower. In February, energy prices were falling at a 3.1% annual rate, and headline inflation sat comfortably at 1.9% " just below the ECB's 2% target. Then came the Iran war. Eurozone annual inflation surged to…...
Oil rises as markets again struggle to interpret Trump’s next move
1+ week, 1+ day ago (375+ words) Investors remain wary, as the Wall Street Journal report came on the same day the US president threatened to destroy Iran's key oil export hub and desalination plants unless it accepts a deal, while also suggesting that diplomacy was making…...
European real wages near pre-COVID levels, but Iran crisis poses risks
1+ week, 1+ day ago (811+ words) European inflation surged in 2022 to levels not seen in 40 years. It peaked above 11% in the EU, mainly driven by a rise in energy prices after Russia's invasion of Ukraine. This surge eroded workers' purchasing power across advanced European economies as…...
A new way to measure poverty shows the US falling behind Europe
1+ week, 3+ day ago (800+ words) Comparing economies and poverty is challenging, as different measures can lead to different results. Olivier Sterck, an Associate Professor of Economics at the University of Oxford, has developed a new way to measure poverty, which he calls "average poverty. He…...