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Iran war drags European economy down, pushes prices up

Iran war drags European economy down, pushes prices up

By Jonathan Cable and Mark John LONDON, May 21 (Reuters) - The energy shock from the Iran war is seeping ever deeper into the European economy, presenting policy-makers with a dilemma as it simultaneously weighs on growth and pushes prices higher, a broad set of data on Thursday showed.
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Energy shock from Iran war to weigh on Europe's growth, boost inflation

Energy shock from Iran war to weigh on Europe's growth, boost inflation

The European Union’s executive commission has cut its growth outlook and predicted higher inflation due to sharply higher energy prices from the war in Iran
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Euro zone growth set to slow in 2026 as Middle East conflict fuels inflation, says EU Commission

Euro zone growth set to slow in 2026 as Middle East conflict fuels inflation, says EU Commission

By Philip Blenkinsop BRUSSELS, May 21 (Reuters) - The euro zone economy will slow in 2026 after war in the Middle East triggered the second energy shock in less than five years with the severity of the hit determined by how long the conflict drags on, the European Commission said on Thursday.
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ECB's Rehn sees few signs yet of high inflation taking root

ECB's Rehn sees few signs yet of high inflation taking root

By Francesco Canepa FRANKFURT, May 21 (Reuters) - The European Central Bank may raise interest rates to preserve credibility in the face of a war-driven rise in fuel costs but there is little to suggest yet that high inflation is taking root in the euro area, ECB policymaker Olli Rehn said in an
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European shares hit over two-week highs on signs of progress in US-Iran talks

European shares hit over two-week highs on signs of progress in US-Iran talks

By Twesha Dikshit May 22 (Reuters) - European shares rose to a more than two-week high on Friday, lifted by technology stocks with investors optimistic about signs of progress in U.S.-Iran peace talks despite both sides remaining at odds over key issues.
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Stocks rise, dollar at six-week high as focus remains on US-Iran talks

Stocks rise, dollar at six-week high as focus remains on US-Iran talks

By Ankur Banerjee SINGAPORE, May 22 (Reuters) - Asian stocks rose on Friday while the U.S. dollar sat near six- week highs and oil prices were whipsawed as investors held on to hopes of a breakthrough in U.S.-Iran peace talks although both sides remained at odds over key issues.
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European equities muted as investors await Mideast peace updates

European equities muted as investors await Mideast peace updates

By Twesha Dikshit May 21 (Reuters) - European shares were subdued on Thursday after a rally in the previous session, with bonds weakening and oil holding above $100 a barrel as investors awaited progress in U.S.-Iran peace talks.
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Fishing boats worldwide tuck dockside as diesel prices surge on Iran war

Fishing boats worldwide tuck dockside as diesel prices surge on Iran war

By Lauren Owens Lambert and Leah Douglas KENNEBUNK, Maine, May 21 (Reuters) - Captain Chris Welch of Kennebunk, Maine, is catching fewer lobsters this spring because spiking diesel prices have made it too costly to take out his fishing boat as often as he normally would.
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UN lowers forecast for global economic growth in 2026 over Mideast energy crisis

UN lowers forecast for global economic growth in 2026 over Mideast energy crisis

The United Nations has lowered its forecast for global economic growth and raised the prospects for inflation in response to Middle East crises and rising oil prices
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G7 finance ministers explore responses to Iran war fallout

G7 finance ministers explore responses to Iran war fallout

By Makiko Yamazaki, Maria Martinez and David Lawder PARIS, May 19 (Reuters) - France's finance minister urged the International Monetary Fund and the World Bank to do more to help countries most vulnerable to the fallout from the Middle East conflict, as he hosted ministers from the G7 and other
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Europe EV sales leap as Iran war pushes up petrol pump prices

Europe EV sales leap as Iran war pushes up petrol pump prices

By Christina Amann, Marie Mannes and Nick Carey BERLIN/STOCKHOLM/LONDON, May 20 (Reuters) - Demand for electric vehicles in Europe has surged as high fuel prices linked to the Iran war propel sales of new and second-hand EVs, data exclusively shared with Reuters shows, providing a much-needed boost
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30-Year US Treasury Yield Reaches 19-Year High Amid Inflation Concerns

30-Year US Treasury Yield Reaches 19-Year High Amid Inflation Concerns

30-Year US Treasury Yield Reaches 19-Year High Amid Inflation Concerns