By Beatrice Romano
Milan-based editor covering the eurozone, banking and the industrial heartlands of the continent.
BAT to Cut 5,500 Jobs and Outsource Thousands More in €695m Cost Drive
British American Tobacco is cutting 5,500 jobs and outsourcing 3,500 more, affecting nearly a fifth of its workforce. The €695m cost-saving
Central Banks Warn AI Investment Surge Risks Financial Crash
The Bank for International Settlements warns that the AI investment boom risks a financial bust. Hidden costs are surfacing in company accou
EU Clamps Down on Chinese E-Commerce Giants with New Customs Rules
The EU is closing a tax loophole that let Chinese e-commerce platforms avoid customs duties on parcels under €150. From July, low-value impo
EU Ends Tax-Free Loophole for Shein and Temu, Raising Fast-Fashion Costs
The EU has scrapped the tax exemption for low-value parcels from platforms like Shein and Temu. A flat-rate customs duty of €3 per product c
Why Europeans Keep €37 Trillion Idle: The Investment Gap Explained
An estimated €37 trillion sits idle in European bank deposits. ESMA chair Verena Ross explains how fragmented markets and low financial lite
Spain Removes Gibraltar from Tax Haven List After 35 Years, Adds Russia
Spain has removed Gibraltar from its tax haven list after 35 years, citing technical compliance with international tax rules. Russia has bee
France Records ~1,000 Excess Deaths as Heatwave Grips Nation
France has recorded approximately 1,000 excess deaths since June 24 as a brutal heatwave pushed temperatures above 40°C. The hardest-hit reg
Portugal's Ultra-Wealthy Population Surges by 50% in Five Years
Portugal's ultra-wealthy population has grown by nearly 50% in five years, reaching 2,187 individuals by 2026. Foreign investors, private eq
Porsche Plans Cayenne Return to Leipzig, Workers Face Pay Cuts
Porsche plans to relocate Cayenne production from Bratislava to Leipzig, securing the German plant's future. Workers face pay cuts to bridge
Vibrio Bacteria in European Waters: What You Need to Know This Summer
Rising sea temperatures are creating ideal conditions for Vibrio bacteria in European waters. While infections remain rare, cases are increa
AI Infrastructure Boom Drives Market Winners and Losers in First Half of 2026
Memory chip makers like SanDisk surged over 850% as AI infrastructure spending drove demand. Bitcoin and gold slumped, while European indice
London Stock Exchange Listing Highlights Shift from Fundraising to Market Depth
A landmark listing on the London Stock Exchange signals a broader shift in focus from primary fundraising to developing deeper secondary mar