Tuesday, May 26, 2026

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Europe

May 21, 2026 3:41 PM

Europe’s economy hit hard as energy price shock stifles demand

Economic activity in the euro zone shrank at its sharpest rate in more than two-and-a-half years in May as a war-driven surge in living costs hammered demand for services across Europe and firms accelerated layoffs, surveys showed on Thursday. S&...

April 30, 2026 2:58 PM

EU kickstarts Mercosur pact to counter US trade hit

The European Union and South American bloc Mercosur will implement on Friday a contentious free trade agreement that the EU in particular hopes will benefit exporters and calm critics, even if it cannot fully offset the blow from U.S. tariffs. Backe...

April 29, 2026 2:55 PM

Trump hits back at German chancellor after Iran criticism

U.S. President Donald Trump criticized German Chancellor Friedrich Merz over the war in Iran on Tuesday, a day after Merz said the Iranians were humiliating the United States in talks to end it. "The Chancellor of Germany, Friedrich Merz, thinks it...

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