The EU will seek to widen and significantly increase tariffs on foreign steel, the bloc's industry chief Stephane Sejourne told the sector on Wednesday.

Brussels will unveil new measures on Tuesday to protect the steel sector that will replace the current "safeguard clause" expiring next year, Sejourne said during a meeting in Brussels, participants told AFP.

Eurozone inflation rose in September, official data showed Wednesday, buoyed by energy costs in the single-currency area.

Inflation rose to 2.2 percent last month, from two percent in August, the EU's statistics agency said. The figure was in line with predictions by analysts surveyed by Bloomberg.

Plunged into a government shutdown, the U.S. is confronting a fresh cycle of uncertainty after President Donald Trump and Congress failed to strike an agreement to keep government programs and services running by Wednesday's deadline.

Roughly 750,000 federal workers are expected to be furloughed, some potentially fired by the Trump administration. Many offices will be shuttered, perhaps permanently, as Trump vows to "do things that are irreversible, that are bad" as retribution. His deportation agenda is expected to run full speed ahead, while education, environmental and other services sputter. The economic fallout is expected to ripple nationwide.

Britain's Treasury chief warned Monday that "harsh global headwinds" from wars in Ukraine and the Middle East and U.S. President Donald Trump's tariffs have worsened the U.K.'s economic outlook since the governing Labour Party won power last year.

Global stock markets mostly rose on Monday, shrugging off concerns about a looming U.S. government shutdown.

Lebanon's former central bank governor Riad Salameh walked free from a year in custody over embezzlement allegations Friday after posting more than $14 million in bail, a judicial official told AFP.

Hungarian Prime Minister Viktor Orbán said Friday that Hungary will continue to source fossil fuels from Russia despite demands from his ally U.S. President Donald Trump, and that he'd informed the president that dropping Russian energy would be a "disaster" for Hungary's economy.

Hungary remains one of the only countries in Europe to continue purchasing Russian oil and natural gas following Russia's full-scale invasion of Ukraine in February 2022. But Trump, an admirer of the long-serving Hungarian leader, earlier this month called on all NATO countries including Hungary to cease purchasing Russian oil, since he believes the Russia-Ukraine war would end if they did so.

Turkish Airlines, Turkey's national carrier, has announced plans to add 225 Boeing aircraft to its fleet.

In an a declaration to the Istanbul Stock Exchange on Friday, the airline said it has decided to purchase 75 Boeing B787-9 and B787-10 aircraft and has completed negotiations with Boeing to acquire 150 737-8/10MAX models.

Iraq will resume exporting oil from the country's northern, semiautonomous Kurdish region through Turkey's Ceyhan port after exports had been halted for more than two years, officials said Friday.

The resumption, which starts on Saturday, is a step toward boosting Iraq's oil revenues and stabilizing the relationship between the central government in Baghdad and the Kurdish region, even as disputes over revenue sharing and field management persist.

President Donald Trump said Thursday that he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1.

The posts on his social media site showed that Trump's devotion to tariffs did not end with the trade frameworks and import taxes that were launched in August, a reflection of the president's confidence that taxes will help to reduce the government's budget deficit while increasing domestic manufacturing.