Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
US declares helium critical as Europe faces supply squeeze
The US has added helium to its list of critical materials, citing its role in chipmaking and energy. Europe faces a supply squeeze as Middle
French bond turmoil pressures ECB as Paris faces fiscal reckoning
France's 10-year bond yield topped 5% for the first time since 2002, widening the gap with German debt. The ECB is expected to hold rates ne
France's economy contracts again as eurozone growth loses steam
France's private sector contracted in October, ending a brief recovery. The eurozone's composite PMI fell to 51.9, its weakest in four month
Volvo Cars to cut 2,500 jobs after third-quarter loss
Volvo Cars will cut about 2,500 jobs worldwide after swinging to a third-quarter net loss of 5.7 billion kronor. The Swedish carmaker, owned
Shrinkflation in Europe: paying more for less at the checkout
Shrinkflation is on the rise across Europe, with 74% of consumers noticing smaller products at unchanged prices. The EU has no specific ban,
Oil tops $113 as AI sell-off deepens and bond markets steady
Brent crude rose above $113 a barrel as Middle East tensions and shipping costs fuel supply fears. AI-related stocks tumbled, dragging Wall
Azerbaijan's post-oil push: manufacturing, green energy and logistics take centre stage
Azerbaijan is accelerating its economic diversification, with industrial parks, agro-processing and green energy attracting fresh investment
Musk's Tesla-SpaceX merger plan tied to Trump's political timeline
Elon Musk has confirmed Tesla and SpaceX are exploring a merger that could create a $3.5 trillion giant. Reports suggest he wants to complet
Barclays to cut 5,000 jobs as AI reshapes its workforce
Barclays will cut about 5,000 jobs by 2026, with AI enabling greater productivity. The bank's third-quarter profit rose 13%, but shares dipp
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