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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...
Read Full Article →Nike expects US tariffs to cost it $1bn and warns of falling sales
Nike anticipates a substantial financial impact from import duties, contributing to declining revenue and profits, though its current quarter outlook provided some optimism that bo...
Read Full Article →RTL to buy Sky Deutschland for €150mn in TV consolidation effort
The acquisition allows RTL to expand its market presence across multiple European countries, potentially increasing revenue streams and enhancing its competitive position in the te...
Read Full Article →Tariffs: France and Germany pursue different tacks towards US deal
France and Germany’s contrasting approaches to trade negotiations with the US could impact the potential for eliminating tariffs, affecting economic relations and market access bet...
Read Full Article →EU aims to create a ‘competitive’ single market for space services
The plan seeks to enhance the economic landscape of space-related industries by fostering collaboration among various operators and providing financial assistance to smaller busine...
Read Full Article →New car registrations fall in Europe and Tesla sees another drop
The recent decrease in automotive registrations across Europe reflects ongoing challenges for Tesla, even as Chinese company SAIC Motor expands its presence in the region’s competi...
Read Full Article →Italy’s Monte dei Paschi bank gets ECB nod for Mediobanca takeover
The European Central Bank’s approval of Monte dei Paschi’s acquisition could lead to significant changes in the Italian banking sector, despite concerns about potential impacts on...
Read Full Article →Air Astana: How can Kazakhstan’s flag carrier boost its dwindling share price?
Air Astana faces financial challenges as its stock value has declined significantly, prompting leadership to implement strategic measures aimed at enhancing investor confidence and...
Read Full Article →EU shuts out Chinese medical suppliers from European market in retaliatory trade move
The exclusion of Chinese firms from large medical device contracts in the EU could impact market competition and investment flows, potentially affecting supply chains and pricing d...
Read Full Article →Tariffs: German and French industry united on EU retaliation on aircraft sector
The German and French aerospace industries support EU countermeasures focused on US completed airplanes, emphasizing the economic impact on integrated supply chains and the importa...
Read Full Article →Middle East conflict adding to uncertainty amid trade tensions, IMF chief says
The recent conflict in the Middle East, combined with ongoing trade disputes, is contributing to increased economic uncertainty and potential risks for global financial stability,...
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