Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Commerzbank Cuts 3,000 Jobs and Raises Profit Targets to Fend Off UniCredit Takeover
Commerzbank plans to cut 3,000 jobs and boost profit targets to €5.9bn by 2030. The move is a direct response to UniCredit's €35bn takeover
Malta-Flagged Tanker Delivers 1 Million Barrels of Iranian Crude to South Korea Amid Hormuz Tensions
A Malta-flagged tanker, the Odessa, arrived off Seosan, South Korea, with one million barrels of crude oil from the Strait of Hormuz. The de
Iran Conflict Reshapes Inflation Hedges: Oil Outperforms Gold as Rates Rise
Since the Iran conflict began, Brent crude has rallied 37% while gold has dropped 10%. The divergence is driven by rising US interest rates,
UK 30-Year Gilt Yields Hit 1998 Highs as Political Turmoil Rattles Investors
UK 30-year gilt yields climbed to 5.79%, the highest level since 1998, as investors demand higher returns amid inflation and energy price co
EU-China Trade Tensions: Can Brussels Stand Firm Against Beijing?
The EU's trade deficit with China reached €360 billion in 2025. Brussels is pushing back with the Industrial Accelerator Act and potential a
Shell Profits Double as Iran Conflict Drives Oil Prices Above $100
Shell more than doubled its first-quarter profits to $6.9bn as the Iran war sent oil prices above $100 a barrel. The company faces productio
Reinhold Würth: Germany's Post-War Golden Era Has Ended
Reinhold Würth, honorary chairman of the Würth Group, declares Germany's golden years from 1945 to 2026 are over. He warns of deindustrialis
Reinhold Würth Warns Germany Faces Deindustrialisation Spiral
German billionaire Reinhold Würth warns that Germany is caught in a downward spiral of deindustrialisation. He calls for a national effort t
Maersk Q1 Profit Plunges 99% as Freight Rates Weigh, Hormuz Disruption Looms
Maersk's Q1 net profit fell to $100m, down from $1.2bn a year earlier, as weaker ocean freight rates offset a 9.3% rise in volumes. The Cope
Eni's Giant Module Sets Sail from Ravenna to Boost Libya's Gas Output and Cut Flaring
Eni's subsidiary Mellitah Oil & Gas has dispatched a massive module to Libya's Bouri field to capture flared gas. The project, built by Rose
Income Tax Burdens on European Workers Vary Dramatically by Country and Family Status
Personal income tax rates for single workers range from 6.6% in Poland to 35.3% in Denmark. One-earner couples with two children face negati
EU-US Trade Talks Advance but No Final Deal as May Deadline Looms
EU Parliament and Council negotiators held late-night talks on the US trade deal but did not reach a breakthrough. A diplomatic source expec