Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Spain's CNMC Opens 63 Cases Over April Blackout; EDP Denies Responsibility
Spain's CNMC has opened 63 proceedings against energy companies following the April 28 blackout. EDP, one of the firms targeted, denies any
European Banks Diverge: HSBC Profit Slips on Iran War Charges, UniCredit Surges
HSBC's pre-tax profit fell 1.1% to $9.38 billion, hit by $1.3 billion in credit impairments linked to the Iran war. In contrast, UniCredit's
Meloni in Baku: Italy Deepens Energy Ties with Azerbaijan Amid Middle East Instability
Italian Prime Minister Giorgia Meloni visited Baku to reinforce energy cooperation with Azerbaijan, emphasizing the country's role as a hub
European Shares Dip as Oil Prices Stay Elevated on Iran Strait Tensions
European shares slipped Tuesday as oil prices stayed elevated near recent peaks, with Brent crude trading around $112.86. The decline follow
MSC Launches New Europe-Red Sea Service to Bypass Strait of Hormuz
MSC's new express service links Baltic and Mediterranean ports to Aqaba and King Abdullah Port via the Suez Canal. The route bypasses the St
GameStop's $56 Billion eBay Bid Signals Shift in Circular Economy
GameStop has launched a $56 billion bid to acquire eBay, targeting dominance in the circular economy. The deal would merge physical retail w
Ireland's 2025 GDP Surge Was a Mirage: Tariff Front-Loading and Phantom Growth
Ireland's headline GDP grew 12.3% in 2025, but the figure masks a tariff-driven export surge by pharma multinationals. The first quarter of
Oil Prices Dip as Trump Announces Plan to Clear Strait of Hormuz
Crude prices fell slightly on Monday after US President Trump announced a military operation to clear the Strait of Hormuz. Iran has rejecte
Tony's Chocolonely CEO on Child Labour, Deforestation, and the True Cost of Chocolate
Tony's Chocolonely CEO Douglas Lamont says paying a living income to West African farmers is key to reducing child labour. The company has c
UAE and Qatar Forge Gulf-Asia Trade Corridor with South Korea Pacts
The UAE signed a comprehensive trade pact with South Korea, cutting tariffs on most goods, just after leaving OPEC. Qatar is also negotiatin
Nordic Nations Lead Europe's Billionaire Growth as Global Wealth Shifts
Europe's billionaire population is projected to grow 27% by 2031, outpacing the global average. Poland leads with a 123% surge, followed by
EU-Mercosur Trade Pact Takes Provisional Effect Amid Legal Challenge
The EU-Mercosur trade deal took provisional effect on Friday, bypassing a full ratification vote. European Commission President Ursula von d