Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Uzbekistan's decade of reforms: from GDP surge to everyday economic change
Uzbekistan's economy has grown dramatically since 2017, with GDP rising from €21 billion to €130 billion. The government now prioritises tra
Bank of England holds rates at 3.75% as Middle East tensions cloud inflation outlook
The Bank of England held its key interest rate at 3.75% for the fifth consecutive meeting, even as UK inflation eased to 2.6% in June. The d
EU to probe Balkan construction imports for Chinese tariff evasion
The European Commission is set to investigate imports of open mesh fabrics from several Balkan countries. Suspicions centre on Chinese glass
Eurozone Growth Surprises Upward in Q2 2026, but Divergence Widens
Eurozone GDP expanded 0.4% in Q2 2026, surpassing forecasts. Ireland surged 3.9%, while Germany and France managed only 0.2% growth. Spain r
Low Rhine and Danube levels disrupt European industry and energy
Record-low water levels on the Rhine and Danube are crippling cargo shipping and forcing industrial giants like BASF, Thyssenkrupp, and nucl
Spain's inflation climbs to 3.5% in July as fuel and electricity costs surge
Spain's annual inflation hit 3.5% in July, the highest since May 2024, driven by rising fuel and electricity costs. Core inflation also rose
Fed holds rates steady as three officials dissent for hike amid inflation and Iran war
The US Federal Reserve held its key interest rate steady at 3.50-3.75% for the fifth consecutive meeting. Three of the 12 voting policymaker
Air France-KLM and Lufthansa submit binding bids for 44.5% stake in TAP Air Portugal
Air France-KLM and Lufthansa submitted binding bids for a 44.5% stake in TAP Air Portugal on Tuesday. The Portuguese government now has 30 d
Gironde wildfires disrupt 40,000 businesses and threaten tourism in southwest France
Around 40,000 businesses in Gironde are directly or indirectly affected by the wildfires, representing roughly 200,000 jobs. The tourism sec
Bernard Arnault joins X to counter Le Monde investigation, signals new public strategy
Bernard Arnault made his debut on X with a terse 'Thank you' after Le Monde published a six-part investigation into his empire. The move bre
Iraq offers Turkey 1 million barrels of oil daily as Hormuz crisis reshapes energy routes
Iraqi Prime Minister Ali Zeydi offered Turkey up to 1 million barrels of oil per day during his first visit to Ankara. The deal aims to redu
BMW to cut 8,000 jobs in voluntary redundancy programme across Germany
BMW will cut approximately 8,000 jobs globally, mainly in Germany, through a voluntary redundancy programme. The cuts target administrative