Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
EU Trade Chief Unveils Plan to Force Supplier Diversification Away from China
EU Trade Commissioner Maroš Šefčovič pledges a new instrument to diversify suppliers and cut dependence on China. The tool may require compa
Eurozone GDP Shrinks 0.2% in Q1 2026 as Iran War Disrupts Energy Markets
The eurozone economy shrank by 0.2% in Q1 2026, its first quarterly contraction in over a year. Ireland's GDP plunged 12.1% due to multinati
Greece Cleared to Repay €6.95 Billion in Bailout Loans Ahead of Schedule
The European Stability Mechanism has approved Greece's request to repay €6.95 billion in bailout loans early. The move is expected to reduce
European Markets Open Mixed as AI Stock Sell-Off Hits Asia, South Korea Drops 5%
European markets opened mixed on Friday, with London's FTSE 100 and Frankfurt's DAX falling, while Paris and Madrid edged higher. A sharp se
Lufthansa Boeing 787 Nose Gear Collapse Injures Staff at Frankfurt Airport
A Lufthansa Boeing 787-9 Dreamliner tipped onto its nose at Frankfurt Airport on Thursday, injuring several cabin crew and ground staff. The
OECD Warns Global Steel Overcapacity to Hit 745 Million Tonnes by 2028
Global steel overcapacity is set to rise from 640 million tonnes in 2025 to 745 million tonnes by 2028, according to the OECD. Chinese steel
Hong Kong Delegation Courts Central Asia as China Trade Surges
Hong Kong's Chief Executive John Lee visited Kazakhstan with 75 officials and entrepreneurs. The delegation aims to position Hong Kong as a
Remy Cointreau Profit Plunges 35% but Shares Rally on Turnaround Plan
Remy Cointreau's net profit fell to €78.7 million in the year to March, hit by US and Chinese tariffs and a strong euro. Shares surged 12% o
Amazon Invests €10 Billion in Europe, Adding 25,000 Jobs and Warehouse Robots
Amazon announces €10 billion investment to modernize its European fulfilment network. The plan includes 25,000 new jobs and autonomous robot
EU Abandons Hope for Full Ban on Maritime Services for Russian Oil Tankers
EU officials admit a full ban on maritime services for Russian oil tankers is unlikely to be enforced. Greece and Malta oppose the measure w
British Teen Sanctioned by Moscow for Exposing Russian Crypto Laundering Network
A 17-year-old British researcher, Alexander Browder, has been sanctioned by Russia for exposing a crypto laundering network. His report deta
Europe's Take-Home Pay Gap: From €12,967 in Hungary to €54,260 in Luxembourg
Annual net earnings for a single worker without children range from €12,967 in Hungary to €54,260 in Luxembourg. When adjusted for purchasin