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FILE - A light installation is projected onto the building of the European Central Bank during a rehearsal in Frankfurt, Germany, Dec. 30, 2021. Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to the war in Ukraine, the European Union statistics agency Eurostat reported Monday, Oct. 31, 2022. (AP Photo/Michael Probst, File)

Inflation Hits New Record in Europe, Slowing Economy

Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia’s war in Ukraine. Economic growth also slowed…

AP 31 October 2022
A man fills fuel at a service station during a significant increase in the price of energy in Madrid, Spain, March 8, 2022. REUTERS/Juan Medina

Euro Zone Slide Towards Recession Pins Euro to 20-Year Low

Contraction in the eurozone economy for a second straight month pinned the single currency to a 20-year low against the dollar on Tuesday, with surging gas prices adding to misery dragging Europe…

23 August 2022
  • Popular
  • Editor's Pick
Matt Murphy
Business & Economy

The skyrocketing cost of Epic Fury

19 March 2026

From military spending to energy markets, the US-Israeli war on Iran is driving rising costs, with the Strait of Hormuz emerging as a central pressure point

Thuraya Shahin
Sara Gironi Carnevale
Politics

US public opinion is decisively shifting against Israel

20 March 2026

Until fairly recently, most Americans sided with Israel. These days, most side with the Palestinians. That will eventually influence US foreign policy.

Ramzy Ezzeldin Ramzy
Pete Reynolds
Business & Economy

Energy infrastructure attacks and the new security imperative

17 March 2026

By attacking Gulf energy infrastructure, Iran aims to apply economic and geopolitical pressure as a way to avoid large-scale conflict

Jessica Obeid
A member of the security forces, holding a picture of Iran's new Supreme Leader Mojtaba Khamenei, observes protesters as they gather for a rally in support of the new Supreme Leader in Enghelab Square in Tehran, on 9 March 2026. Getty/ Al Majalla
Politics

Decapitation strikes unlikely to topple Iran's regime

18 March 2026

Instead of taking down the Islamic Republic, what the assassinations have done is harden public support and accelerate the regime's militarisation

Alex Vatanka
Lina Jaradat
Business & Economy

Strait of Hormuz: the waterway critical to global trade 

18 March 2026

Any disruption in the Hormuz has cascading knock-on effects that extend far beyond energy markets, impacting international trade. Al Majalla explores all this and more.

Al Majalla - London

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OPINIONS

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Alaa Emara

Joe Kent: the US counter-terrorism chief who resigned over Iran war

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Haid Haid
Haid Haid

The skyrocketing cost of Epic Fury

Thuraya Shahin
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