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The euro emerged as the most widely used currency for the European Union’s imports of primary goods from outside the bloc in 2025, excluding petroleum products, according to newly released data from Eurostat. The report showed that the single European currency accounted for 47.4 per cent of all extra-EU imports of primary commodities during the year, narrowly surpassing the US dollar, which held a 45.0 per cent share. Currencies belonging to EU member states that have not

Luxembourg-based Banque Havilland has failed to overturn sanctions imposed by Britain’s financial watchdog over an alleged scheme connected to efforts to weaken Qatar’s currency, though a UK tribunal has significantly reduced the financial penalty. In a ruling issued on Tuesday, London’s Upper Tribunal rejected the bank’s appeal against the Financial Conduct Authority’s findings but lowered the fine to £4mn from the original £10mn. The tribunal also upheld penalties imposed o