Euro-Zone Business Activity Shrinks at Fastest Since 2023 (opens in new tab)

(Bloomberg) -- Business activity in the euro area shrank at the quickest pace in 2 1/2 years, adding to fears that the Iran war and accompanying surge in energy costs are dealing a severe blow to the economy.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksGoldman CEO Slides Into Musk’s DMs During Bid to Lead SpaceX IPONvidia Tells Ske