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Louis VAN BOXEL-WOOLF AFP

ECB warns of risks from Mideast war as it holds rates

ECB warns of risks from Mideast war as it holds rates

The European Central Bank held interest rates steady on Thursday but signalled a possible increase ahead as it warned of growing risks to the growth and inflation outlook due to the war in the Middle East. Energy costs have surged since the near-total closure of the Strait of Hormuz,

Mercedes warns longer Mideast war could cause shortages

Mercedes warns longer Mideast war could cause shortages

German premium automaker Mercedes-Benz warned Wednesday that a drawn-out conflict in the Middle East could cause shortages of key inputs as it reported tumbling quarterly profits due to fierce Chinese competition. Traffic in the Strait of Hormuz has slowed to a trickle as Iran and the United States

ECB set to hold rates steady with eye on Iran crisis

ECB set to hold rates steady with eye on Iran crisis

The European Central Bank is expected to hold interest rates steady again this week as it waits to see if the inflation spike triggered by the Middle East war will prove temporary or begin to weigh on growth. Markets ramped up their bets on a rate hike after the US-

BMW profit holds up despite Trump tariffs, China woes

BMW profit holds up despite Trump tariffs, China woes

German carmaker BMW reported solid profit Thursday despite US tariffs and tough competition in China -- delivering a far better result than the heavy falls reported by rivals Volkswagen Group and Mercedes-Benz. While Volkswagen saw profit plunge over 40 percent and said it would cut thousands of jobs in coming