Business & Economy

Jun 12, 2026

The ECB Just Raised Rates for the First Time in Three Years. Blame Hormuz.

The European Central Bank lifted its key rate a quarter-point to 2.25% — its first hike in almost three years — as the Iran war and a blockaded Strait of Hormuz push eurozone inflation back above 3%.

Business & Economy

Jun 12, 2026

Europe's Next Budget Fight Starts With a €32.8 Billion Cut

Cyprus has put the first hard numbers on the EU's 2028–2034 budget: a 2% trim to the Commission's €1.76 trillion plan. The modest cut opens a brutal fight between the countries that pay in and those that depend on EU money.

Business & Economy

Jun 4, 2026

EU Space Economy on Track for €1 Trillion by 2034, Agency Finds

The EU's space agency has published its first comprehensive analysis of the EU space economy — and the figures are striking: GNSS revenues alone are projected to reach €580 billion by 2034, nearly double today's €300 billion.

Business & Economy

Jun 4, 2026

American Tech Giants Spend Record €151 Million a Year Lobbying Brussels

American technology companies are spending a record €151 million a year lobbying EU institutions — more per meeting than any other sector, and growing fast even as Washington and Brussels spar over trade.

Business & Economy

Jun 3, 2026

Brussels Opens Fiscal Space for Energy Investment, With a Green Condition

The European Commission is allowing member states to spend up to 0.3% of GDP on energy measures outside EU fiscal rules — but only on projects that reduce dependence on imported fossil fuels.

Business & Economy

Jun 3, 2026

Iran Walks Out of Ceasefire Talks. Oil Surges as Europe's Gas Stores Hit 30%.

Iran has suspended ceasefire negotiations with the US and threatened to fully close the Strait of Hormuz, sending oil prices surging 7% and raising the prospect of a second energy shock hitting Europe just as it needs to refill dangerously low gas reserves before winter.