Eurozone inflation soars to 3% as Iran war drives up energy prices

ECB interest rate decision looms as growth stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February

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Air France-KLM cuts forecasts amid $2.4bn fuel bill rise

Inflation across the eurozone has soared to 3% this month as the Iran war drove up energy prices and growth stumbled.

Consumer prices rose by 3% in the year to April across the single currency bloc, data from the statistics body Eurostat showed on Thursday morning, up from 2.6% in March and 1.9% in February.