Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Eurozone inflation hits 3.8% in September, energy costs lead surge
Eurozone inflation jumped to 3.8% in September, the highest in three years, driven by energy costs. Six countries recorded rates above 5%, w
EU and Central Asia push to slash Trans-Caspian transit times
Officials in Tashkent discussed cutting Trans-Caspian Corridor transit times from 35 days to 15-20. Beyond new railways, they stress customs
Unicaja chairman José Sevilla to step down in 2027, ending stability era
José Sevilla has told Unicaja's board he will not stand for re-election when his term expires in April 2027. The Málaga-based lender will ac
EU weighs coordinated oil reserve release as diesel prices surge
EU Energy Commissioner Dan Jørgensen says releasing strategic reserves is an option as diesel prices surge. Member states are discussing a c
EU diesel prices hit record €2.24 as supply disruptions persist
The EU average diesel price hit a record €2.24 per litre, up from €1.59 before the Middle East war. Twelve member states saw all-time highs,
Trump touts $200bn South Korean energy deals, but Seoul urges caution
Trump announced $200bn in South Korean energy investments, including $54bn for an Alaska LNG project. Seoul says no final decision has been
Oil rebounds above $100 as US bonds suffer worst quarter since 1994
Brent crude rebounded above $100 a barrel on Thursday as hopes for a US-Iran deal faded. European equities dropped on inflation worries, whi
TAP privatisation: Air France-KLM and Lufthansa submit final bids
Air France-KLM and Lufthansa have submitted their final bids for a 44.9% stake in TAP. The Portuguese government will now assess the offers
AIIB pledges to double annual financing to €17.6bn by 2030
The Asian Infrastructure Investment Bank aims to double annual financing to €17.6bn by 2030. At its Doha meeting, it highlighted climate res
BMW's €2bn German investment and AI push aim to restore profitability
BMW plans €2bn investment in German production, including a new battery plant. The carmaker will cut 20% of management roles and use AI to s
Washington presses Europe to tap more oil reserves as prices climb
Washington says several European countries have delivered only a fraction of the oil they pledged to release. As crude hovers near $100 a ba
Italy's inflation climbs to 4.2% in September, highest in three years
Italy's annual inflation reached 4.2% in September, the highest since 2023, propelled by surging energy prices and fresh food costs. Consume