Tuesday, 07 July 2026 · Europe
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EUROPES The European Report
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Economy & Money

European economy, markets, the euro, ECB, inflation and business.

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EU trade deficit with China reaches record €1bn a day, data shows

Import and export figures come as European leaders prepare to meet this week to address growing imbalance The EU’s trade deficit w…

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Fox strikes $22bn deal for Roku to fuel streaming push

Deal gives network access to more than 100m households using Roku streaming platform Fox Corp is buying Roku in a cash-and-stock d…

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How will the under-16s social media ban work? – podcast

Keir Starmer has announced his social media ban for under-16s. The proposals are tougher than expected, and include a ban on major…

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'Growing up too young': Londoners praise under-16s social media ban – video

Social media access in the UK is set to be banned for under-16s as part of an online safety drive that includes a host of other re…

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Tallying the global cost of the US-Israel war against Iran

From thousands of lives lost to an economic shock likely to plunge millions into poverty, the world is paying dearly It would be h…

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Return to pre-crisis oil and gas supplies months away even if strait of Hormuz reopens

Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles Oil price…

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US and UK central banks expected to keep interest rates on hold amid Iran peace deal

Federal Reserve to make first decision under Kevin Warsh as Middle East hopes ease inflation pressures Business live – latest upda…

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Fox to buy Roku streaming firm in $22bn deal

The move is seen as a bet that combining streaming with its news and sport offering will leave Fox in a strong position as TV audi…

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Backlash against ‘short-termist’ UK plans to weaken EV sales targets

Charging industry and electric vehicle manufacturers say measure could cost jobs and harm UK automotive sector The UK government’s…

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UK’s oldest Indian restaurant takes crown estate to court over theatened eviction

Michelin-starred Veeraswamy faces closure as King Charles’s property developer refuses to renew its lease The UK’s oldest Indian r…

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BBC News braces for major round of job cuts in broadcaster’s £500m cost-saving drive

All departments will be affected but biggest cuts are in news, with job losses expected to run into the hundreds BBC News is brace…

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AI use by the US government is ballooning. And the lack of transparency is troubling | Nathan E Sanders and Bruce Schneier

The list of government AI use cases has ballooned by 70% since Biden left office and includes many plans to hand over sensitive go…

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What's happening to UK petrol and diesel prices?

Motoring group RAC warns pump prices could keep rising if there is no resolution to the Iran war.

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The US and Iran have agreed a deal. How soon could things go back to normal?

Experts warn the impact of the war will continue to affect the global economy for months to come.

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Carbon emissions of ECB and Eurosystem portfolios continue to decline

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Mike Ashley’s Frasers follows Hugo Boss bid with offer for Australia’s Accent

UK billionaire’s fashion group offers £166m for takeover of 77.1% of shares in shoe firm it does not already own Business live – l…

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Investment fraud in UK soared to more than £220m lost last year, trade body says

Scams involving gold, cryptocurrencies and wine rise as criminals use AI to increasingly carry out larger-scale fraud Increasingly…

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Social media to be banned in UK for under-16s, Starmer announces

UK prime minister says move will bring ‘real change for our children’ amid growing concerns over harmful online content Access to …

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Christine Lagarde: Money in transition

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Gina Rinehart makes ‘significant investment’ in Elon Musk’s SpaceX

Australian billionaire says investment reflects her confidence in world’s first trillionaire after his record-breaking IPO Follow …

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Australia’s Sigma drops out of talks to buy UK’s Boots

End of discussions on takeover estimated at $10bn extends uncertainty for 177-year-old British chain Business live – latest update…

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Oil price falls to three-month low and markets rally after US-Iran peace deal – business live

Rolling coverage of the latest economic and financial news Oil prices tumble amid hopes strait of Hormuz will soon reopen The US d…

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A £350 swimming pool fee ruined our easyJet holiday

We booked our hotel because of its swimming pool but a hefty hourly fee to use it wasn’t mentioned My partner and I paid £2,150 fo…

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Demand at baby bank 'has never been higher'

The founder says rising childcare costs mean many of those they help are in work but struggling.