Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Porsche profit rises 34% on cost cuts and 911 sales despite China slump
Porsche's first-half operating profit jumped 34% to €1.35bn, beating analyst expectations. The gain came from tighter cost management and hi
Mercedes-Benz lowers sales forecast despite profit jump as China struggles
Mercedes-Benz posted a 22% increase in second-quarter operating profit, reaching €1.55 billion. However, the German automaker lowered its fu
Spain's summer hiring spree pushes employment to record 22.8 million, jobless rate dips below 10%
Spain's unemployment rate dropped to 9.87% in the second quarter, the lowest in 18 years. Summer hiring added 486,000 jobs, pushing total em
Qatar launches diamond exchange to strengthen its role in global trade
Qatar has opened the Qatar Diamond Exchange in Doha, a regulated hub for trading, certification, and vaulting of rough and polished diamonds
EU's €890 million Google fine opens door for more private damages claims across Europe
The European Commission's €890 million fine against Google under the Digital Markets Act bolsters private damages claims from comparison-sho
Spain's tourism boom masks holiday affordability crisis for one in three
Spain is on track to welcome 43 million international tourists this summer, a 6% increase from 2025. Yet 32.2% of Spaniards cannot afford a
iPhone 17 Pro prices: Europe's premium widens as taxes and currencies diverge
Europeans pay significantly more for the iPhone 17 Pro than Americans, with Turkey topping the global list at €2,222. Switzerland offers the
Asian chip stocks plunge on AI sustainability fears, European markets brace
South Korea's Kospi index fell more than 10% on Tuesday, triggering a trading halt, as chipmakers Samsung and SK Hynix saw double-digit loss
One year on, the Turnberry deal faces its biggest test yet
The EU-US Turnberry trade deal marks its first anniversary amid fresh US threats after the EU fined Google €890 million. Brussels has built-
Varta files for insolvency as German battery sector struggles
Varta AG has applied for insolvency proceedings in Stuttgart, citing a structural funding gap from 2027. The loss of Apple as a key customer
AstraZeneca's Q2 profit rises 2% on cancer drug sales, reaffirms 2026 outlook
AstraZeneca's second-quarter net profit rose 2% to $2.51bn, beating analyst expectations. Strong sales of cancer and rare disease medicines
Strait of Hormuz crisis reignites European fuel prices after brief ceasefire relief
After a brief reprieve in June, the Strait of Hormuz crisis has sent oil prices soaring again, with crude surpassing $100 a barrel. Eastern