Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Moonshot AI targets Hong Kong IPO as DeepSeek raises billions
Moonshot AI, maker of the Kimi chatbot, is preparing a Hong Kong IPO after its valuation hit $50bn. Rival DeepSeek is raising up to €13.3bn
Aramco warns global oil reserves may take two years to rebuild
Saudi Aramco's chief executive warns that global oil inventories are dangerously low and could take two years to rebuild. The closure of the
Italy's fuel tax relief ends as diesel prices jump and hauliers warn of strike
Italy's temporary fuel tax cuts expired at midnight, pushing diesel prices up by €0.61 per litre. Hauliers warn of a strike, while the gover
São Paulo stocks surge as Flávio Bolsonaro leads Brazil's presidential race
Brazil's main stock index jumped 8% after Flávio Bolsonaro took a surprise lead in the first round. Investors see his platform of tax cuts a
Schneider Electric shares drop after $22.6bn PTC acquisition
Schneider Electric confirmed a $22.6bn cash deal for US software firm PTC, its biggest acquisition to date. Shares dropped on Monday as inve
Middle East oil exports recover to pre-war levels, Iran excluded
Middle East crude exports excluding Iran matched pre-war averages in September, according to Kpler. Pipelines in Saudi Arabia and the UAE no
Why retail investors can't easily buy into the robotics boom
Most robotics start-ups are private, so retail investors face limited options. Tesla offers indirect exposure at a high valuation. New funds
IEA reports 325 million barrels released from emergency reserves
The International Energy Agency says 325 million barrels of emergency oil have been released, over 80% of the 400 million pledged in March.
Baku's investment forum draws $10bn in deals as Azerbaijan diversifies beyond oil
The second Azerbaijan International Investment Forum in Baku attracted delegates from more than 70 countries. Contracts and agreements worth
China launches anti-dumping probe into EU chemical ahead of Beijing talks
China has launched an anti-dumping probe into a chemical imported from the EU, just days before trade talks in Beijing. Brussels warns of ha
Hungary's restaurant sector shrinks as costs hit EU levels but incomes lag
Hungary has lost 18.5% of its hospitality businesses in a decade, the steepest decline in the EU. Costs now rival Western Europe, but weak d
Argentina's Milei unveils golden passport plan to lure wealthy investors
Argentina's libertarian president, Javier Milei, has announced a 'golden passport' scheme offering citizenship to wealthy foreigners in exch