Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Washington repays $100bn in tariffs after Supreme Court ruling
US authorities have returned roughly $100bn of the $165bn collected under Trump's 'Liberation Day' tariffs. The refunds follow a Supreme Cou
Europe's AI supply chain powers stocks to record highs in 2026
The STOXX Europe 600 and EURO STOXX 50 set new records, with the broader index up 10% in 2026. Gains are led by semiconductor and industrial
China hits US firms with drone export curbs ahead of Xi's visit
China has announced export controls on drones and a ban on dealings with six American entities, responding to recent US restrictions. The me
Kazakhstan shifts from oil to manufacturing as investment surges
Kazakhstan's manufacturing sector has overtaken mining for the second year running, helped by record greenfield investment. The government i
Infineon posts record revenue as AI data centres fuel demand
Infineon, Germany's largest semiconductor maker, posted record quarterly revenue of €4.2bn, up 13% year-on-year. AI data centre power soluti
SpaceX beats loss forecasts in debut report despite AI spending doubts
SpaceX reported a $541 million loss in Q2, beating analyst forecasts, with revenue up 90% to $7.8 billion. Starlink subscribers doubled to 1
China's Morocco and Turkey push tests EU trade defences
Chinese factories in Morocco and Turkey are exploiting EU trade deals to bypass tariffs. Brussels is weighing new measures, but its toolbox
Revolut secures full French banking licence to accelerate EU expansion
Revolut has been granted a full banking licence in France, marking a major milestone in its European expansion. The licence allows the finte
HSBC posts strong first-half profit, unveils $1bn buyback
HSBC reported a 27% rise in first-half attributable profit to $14.6bn, driven by higher net interest income and wealth management fees. The
BP's quarterly profit more than doubles as Middle East conflict lifts oil prices
BP's net profit more than doubled to $3.91bn in Q2 2026 as Middle East conflict drove oil prices higher. The company announced plans to sell
TotalEnergies acquires Shell's European renewables arm
TotalEnergies has agreed to buy Shell's European onshore renewable energy businesses, adding around 4 GW of solar and wind capacity. In a pa
Oil prices rebound as global markets steady after Wall Street rally
Oil prices rebounded in Asian trading Tuesday after falling more than 5% on hopes of de-escalation in the Middle East. European markets were