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Oil surged the most in more than three years after Israel carried out airstrikes against Iran, raising fears of a wider war in a region that accounts for a third of global crude production.

Israel killed Iran’s top generals in predawn attacks on Friday, paralyzing Tehran’s military decision making in what may prove to be the opening act of a prolonged war.

Israel hat in der Nacht auf Freitag den Iran angegriffen und dabei offenbar auch die Atomanlage Natans getroffen. Die Schäden sind unklar. Der Iran startete in der Folge zahlreiche Drohnen Richtung Israel, die abgefangen wurden. Israel startete daraufhin zu Mittag eine neue Angriffswelle. Erwartet wird eine starke Reaktion aus dem Iran, der die Angriffe als „Kriegserklärung“ wertete.

Saddled with the most loss-making industrial companies since 2001, Xi Jinping is trying to clean up his economy without triggering mass layoffs.

The European Union’s ambition to scale up nuclear energy as part of its 2050 climate neutrality goal will cost €241 billion ($280 billion), posing funding challenges, according to a draft document.

Czech President Petr Pavel called for the country to adopt the euro as a way to help trade and avoid being left out of key decisions made by members of the currency union.

The dollar fell to the weakest level in three years amid worries over US tariffs and the outlook for the US economy.

President Donald Trump said he intended to send letters to trading partners in the next one to two weeks setting unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties on dozens of economies.

Inflation was tame in May but President Trump's tariff policy may cause consumer prices to rise noticeably heading into summer, economists said.

US Treasury Secretary Scott Bessent blamed Democrats for what he predicted will be another unusually large budget deficit this year.

The European Union believes trade negotiations with the US could extend beyond President Donald Trump’s July 9 deadline, even as the speed of the talks has increased over the past week.

Slovak Prime Minister Robert Fico threatened to block the European Union’s new sanctions package against the Kremlin unless the bloc comes up with a way to address the potential loss of Russian energy supplies.

Tensions in the US-Iran nuclear talks came to the fore as President Donald Trump voiced skepticism about an agreement, while Tehran raised the prospect of attacks on American bases.

Nvidia Corp. Chief Executive Officer Jensen Huang projected that Europe’s artificial-intelligence computing capacity will increase by a factor of ten over the next two years, with more than 20 so-called AI factories in the works.

President Donald Trump said a trade framework with China has been completed, with Beijing supplying rare earths and magnets “UP FRONT” and the US allowing Chinese students into its colleges and universities.

The Czech central bank governor touted the benefits of his country’s currency, saying that the koruna puts it in a better position to moderate price-growth than the euro would.

Tulsi Gabbard, the US director of national intelligence, released a video Tuesday warning that the world is closer to nuclear war than ever and accusing unnamed political elites of trying to foment conflict between world powers.

US CPI Report May 2025: Live News on Inflation, Consumer Price Index

The US and China capped two days of high-stakes trade talks with a plan to revive the flow of sensitive goods — a framework now awaiting the blessing of Donald Trump and Xi Jinping.

NATO allies will consider allowing contributions to Ukraine’s defense to be included in the new spending target alliance members are expected to adopt at a leaders’ summit later this month.

A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the Federal Reserve: Treasury Secretary Scott Bessent.

The World Bank on Tuesday cut its forecast for global growth this year and warned that the 2020s are on track for the weakest performance for any decade since the first Apollo moon landing because of trade tensions and policy uncertainty.

The European Central Bank should wait until at least September to have an in-depth discussion about an interest-rate move, according to Governing Council member Boris Vujcic.

Blackstone Inc. is planning to invest as much as $500 billion in Europe over the next 10 years, underlining the continent’s growing appeal to investors during a period of geopolitical flux.

Iran will suggest a framework agreement in nuclear talks with the US, a senior official said, raising the prospect of an interim deal that could be followed by further negotiations.

The famously big-spending demographic is back on the road, but not back to its old ways.

Spain’s economy will grow at the slowest pace in almost two years this quarter, according to new forecasts from the central bank.

The European Union proposed a ban on the Nord Stream gas pipelines and the reduction of an oil price cap as part of a new sanctions package that aims to pile pressure on Moscow to end its war against Ukraine.

Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements.