European Central Bank

The war and closure of the Strait of Hormuz have made fuel more expensive for the energy-importing union

Salaries will rise by an annual 2.6% in Q3 and Q4, the European Central Bank predicts

The main concern is that it will take time to restore production capacity, repair infrastructure and get ships sailing again

Overall usage of the common currency has risen to about 20%: ECB

The EU’s current push for strategic autonomy means little if it does not extend to payment systems

Its net income for the three months to March is 692 million euros, against analyst expectations of 597.2 million euros

Businesses are raising their prices or announcing hikes, reflecting the surge in oil prices, the survey finds

Surging energy costs prompted by the Iran war have already pushed inflation well above the ECB’s 2% target

The conflict prompts countries to cut their output forecasts and brace for an energy-driven upswing in prices

Recent monetary policy decisions by key central banks signal a rapidly changing outlook