European Business Headlines at 4:49 a.m. GMT

Greek shipper pleads guilty to smuggling Iranian crude oil and will pay $2.4 million fine

Long opposed to rate increases, Erdogan now backs plan that includes raising rates, minister says

Poland bank governor says large interest rate cut justified by falling inflation

Russian man with Kremlin ties gets 9 years in US prison for hacking and insider trading scheme

Stock market today: Asian shares track decline on Wall St as Japan cuts GDP estimate for 2nd quarter

EU targets Apple, Amazon, Meta and other Big Tech in next phase of digital crackdown

Court sides with Norwegian regulator's $100K daily fine imposed on Meta over ad privacy concerns

Scholz calls for a broad pact to slash bureaucracy and modernize Germany

Romania hosts summit to boost ties between 12 EU countries and partners

The death toll from fierce storms and flooding in Greece, Turkey and Bulgaria has risen to 14