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Time for EU to put its gun on the table in US tariff spat, says ex-trade chief
The EU faces potential economic challenges unless it adopts a more assertive approach in negotiations by considering measures that impact American digital and financial sectors to...
Read Full Article →A new energy bridge: Azerbaijan, Uzbekistan, and Kazakhstan unite for a Green Corridor to Europe
The collaboration between Azerbaijan, Uzbekistan, and Kazakhstan is expected to enhance energy trade efficiency and potentially increase investment flows by establishing a sustaina...
Read Full Article →Exclusive: US pitches special role in EU regulatory surveillance in trade deal
The United States aims to influence European digital regulations within the trade agreement, potentially affecting tariff negotiations and shaping financial opportunities for major...
Read Full Article →EU trade ministers discuss €72 billion retaliatory tariffs on US goods
The potential imposition of substantial countermeasures by the EU against American products highlights the high financial stakes involved in ongoing tariff negotiations between the...
Read Full Article →UniCredit Banco BPM merger battle deepens as Brussels warns Italy against unlawful interference
The dispute over regulatory intervention in the UniCredit Banco BPM merger highlights concerns about market fairness and potential impacts on shareholder value within Italy's banki...
Read Full Article →Wizz Air halts Abu Dhabi operations as instability threatens profits
Wizz Air has ceased flights from Abu Dhabi to concentrate resources on its main markets in Central and Eastern Europe, seeking to maintain financial stability amid regional uncerta...
Read Full Article →US to raise tariff rate on EU goods to 30% from 1 August, EU open to talks but ready to respond
The planned increase in import duties on European products is expected to impact trade costs and market dynamics, prompting the European Commission to prepare for negotiations and...
Read Full Article →Lula vows retaliatory tariffs if Trump imposes 50% levies on Brazil
Brazil's commitment to imposing counter-tariffs in response to significant US levies highlights potential disruptions in bilateral trade and may influence economic relations betwee...
Read Full Article →As US tariff deal approaches, EU worries about what’s next
The potential resolution of trade tariffs between the US and EU could influence economic relations significantly, while the EU remains cautious about future negotiations and long-t...
Read Full Article →Shares in WK Kellogg soar on reports of a takeover by Italy’s Ferrero
The potential acquisition by Italy's Ferrero may significantly impact WK Kellogg's market valuation as it aims to expand its presence within the competitive American breakfast food...
Read Full Article →X CEO Linda Yaccarino steps down after two years running Elon Musk's social media platform
The departure of CEO Linda Yaccarino after a two-year tenure may impact the company's strategic direction and investor confidence, potentially influencing the platform's market val...
Read Full Article →Daimler Truck plans to cut around 5,000 jobs in Germany
Daimler Truck’s intention to reduce its workforce by approximately 5,000 positions in Germany reflects a strategic move that may impact the company’s operational costs and overall...
Read Full Article →EU examines US proposal of 10% tariffs but concerns remain on sectoral tariffs
The ongoing discussions between the EU and US focus on potential 10% tariffs, with negotiations aiming to finalize exemptions for key industries before implementation begins in ear...
Read Full Article →Samsung expects profit to halve as tariffs and export curbs bite
Samsung's anticipated second-quarter operating earnings are projected to decline significantly compared to last year, reflecting the impact of increased trade restrictions and regu...
Read Full Article →New gas discovery off Cyprus coast may reduce EU energy dependence
The newly identified natural gas reserve near Cyprus could enhance regional energy supply stability and create economic opportunities for European markets by decreasing their relia...
Read Full Article →World Chocolate Day: The EU is celebrating with sky-high prices
Despite recent declines in cocoa market values, elevated energy expenses have contributed to a substantial rise in European chocolate retail costs, significantly impacting consumer...
Read Full Article →France’s Capgemini to buy WNS for $3.3bn to improve AI offerings
The $3.3 billion purchase of WNS by Capgemini aims to enhance its artificial intelligence capabilities while increasing its presence and business opportunities within the United St...
Read Full Article →EU Commission bewails 'unfair' Chinese Cognac duties
The imposition of additional tariffs by China on European spirits has considerable economic implications, potentially affecting trade volumes and negotiations ahead of the upcoming...
Read Full Article →Shoplifting hits record high in Germany: Are criminal gangs behind it?
In 2024, theft-related losses in Germany’s retail industry reached nearly €3 billion, significantly impacting businesses and reducing tax income for the federal government, with or...
Read Full Article →Air France-KLM to take majority control of Scandinavian airline SAS
Air France-KLM's acquisition of a controlling stake in SAS aims to strengthen its market position through strategic consolidation, potentially enhancing operational efficiency and...
Read Full Article →IMEC: Can the ambitious trade corridor from India to Europe succeed?
The proposed India-Europe trade route has the potential to reshape regional commerce, but its financial impact depends on overcoming various logistical, regulatory, and geopolitica...
Read Full Article →Tech firms in Central and Eastern Europe seek to catch up with the West
The top 100 technology companies in Central and Eastern Europe collectively hold a market value close to $117 billion, highlighting their growing economic presence compared to West...
Read Full Article →Tesla sales fell sharply in the last three months, and Musk is to blame
Tesla experienced a notable decline in quarterly revenue as increased market competition and leadership challenges contributed to a reduction in vehicle deliveries during the sprin...
Read Full Article →Spain's Santander buys TSB Bank to boost presence in the UK
The acquisition will significantly enhance Santander’s market position in the UK banking sector, increasing its customer base and competitiveness among institutions offering person...
Read Full Article →Ferrari wins EU court battle to retain iconic Testarossa trademark
The court’s decision to uphold Ferrari’s trademark rights for Testarossa supports the brand’s ability to maintain exclusive control over related products, potentially preserving it...
Read Full Article →Paramount pays Trump $16 million to settle ‘60 Minutes’ lawsuit
Paramount agreed to a $16 million settlement with Trump following his legal action against CBS News regarding the altered edit of an interview featuring Vice President Kamala Harri...
Read Full Article →EU on path to agree basic headline deal with US over tariffs
The approaching deadline for trade talks between the EU and US suggests a preliminary agreement on tariffs, which could impact economic relations and set the stage for further deta...
Read Full Article →Renault reports nearly €10 billion non-cash loss due to Nissan stake
Renault disclosed a substantial non-cash deficit approaching €10 billion, reflecting adjustments in valuation methods linked to fluctuations in the market value of its investment i...
Read Full Article →MEPs clash with the EU Commission over anti-money laundering blacklist
The disagreement between the European Parliament and the Commission over changes to the anti-money laundering list could impact regulatory standards and financial monitoring across...
Read Full Article →Spanish Roca Group to invest €70 million in factory construction in Kazakhstan
Roca Group plans a significant capital expenditure of €70 million to develop manufacturing facilities in Kazakhstan, aiming to strengthen its presence and increase production capac...
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