By Beatrice Romano
Milan-based editor covering the eurozone, banking and the industrial heartlands of the continent.
Norway's sovereign wealth fund loses $30bn as bond markets slide
Norway's sovereign wealth fund, the world's largest, lost $30bn in the third quarter as rising interest rates dragged down bond prices. Fixe
Meta's AI push lifts revenue, but legal costs weigh on profit
Meta's Q3 revenue jumped 26% to $64.6bn, powered by AI-driven ad recommendations. Net income tripled to $9.86bn, but legal costs and AI cape
Tesla profit slides as Musk weighs SpaceX merger
Tesla's third-quarter profit dropped 43% year-on-year to $787 million, despite revenue holding steady at $28 billion. The company generated
Canada's $6.2B plan to counter US tariffs on steel and autos
Canada announced a $6.2 billion support package for its steel and auto sectors in response to US tariffs. Prime Minister Mark Carney warns t
Pope Leo XIV's recovery: no further treatment needed after lung surgery
Final tests on tissue removed during Pope Leo XIV's surgery confirm a localised pulmonary adenocarcinoma. Doctors say no further oncological
Qatari startups expand beyond oil with homegrown brands
Qatar's economic diversification is being driven by a new generation of local entrepreneurs. From dairy and plant-based foods to global inve
Eurozone debt hits 88.8% of GDP as Italy nears Greece's level
Eurozone debt reached 88.8% of GDP in Q2 2026, up from 87.3% a year earlier. Italy's ratio is now just below Greece's, while France's climbe
O'Leary warns of record 20% airfare surge across Europe in 2027
Michael O'Leary expects the biggest airfare increase in European history over the next year. Fuel costs have surged amid the Iran war, and a
Lufthansa's TAP deal: €1.2bn for a slow-burn Latin American gateway
Lufthansa's €1.2bn bid for up to 49.9% of TAP Air Portugal could yield €450m in annual synergies, but Portugal's continued control and lengt
French 10-year bond yield tops 5% for first time since 2002
France's benchmark 10-year bond yield exceeded 5% on Wednesday, a level not seen since the dot-com crisis. The sell-off reflects investor un
UK inflation hits 3.5% in September, raising odds of Bank of England rate hike
UK inflation rose to 3.5% in September, its highest in a year, as fuel prices surged. The Bank of England is now widely expected to raise ra
Paris shop owner loses decade of work in weekend looting
Hassan, a Bangladeshi-born shopkeeper in Paris, lost his business in weekend looting. He says he has not slept in three days. France is roll