Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Ukrainian Billionaire Rinat Akhmetov Buys €471 Million Monaco Apartment in Record Deal
Ukrainian billionaire Rinat Akhmetov has acquired a five-floor apartment in Monaco's Mareterra development for €471 million, believed to be
Iran Conflict Pushes Eurozone into Recession as PMI Data Signals Sharp Downturn
The eurozone composite PMI fell to 48.6 in April, the weakest in 18 months, as the Iran conflict hit services and drove input costs to a thr
EU Electric Vehicle Sales Surge Nearly 50% in March as Iran Conflict Drives Fuel Prices
Battery-electric vehicle registrations in the EU jumped 48.9% in March compared to last year, reaching over 20% market share. The surge is f
Europe's Late Start in Metal Recycling Threatens Energy Transition Goals
Europe is 25 years late to the metal recycling game, according to industry leaders at the European Economic Congress 2026. The continent's p
Samsung Workers Protest in South Korea Over Bonus Dispute Amid AI-Driven Profit Surge
Thousands of Samsung Electronics workers protested at its chip complex in Pyeongtaek, demanding higher bonuses and threatening a strike. The
Katowice Economic Congress Opens with Call for European Self-Sufficiency
The 18th European Economic Congress in Katowice opened with a focus on economic self-sufficiency and resilience. Former Polish PM Jerzy Buze
Druzhba Pipeline Restart Unblocks EU Loan for Ukraine After Three-Month Halt
Slovakia's Economy Ministry confirmed oil flow through the Druzhba pipeline resumed early Thursday. The restart ends a three-month standoff
Tesla Posts Profit Rise but Growth Fears Persist as Musk Pivots to Robots and Robotaxis
Tesla reported a 17% profit increase in Q1, but revenue fell short of expectations. CEO Elon Musk is betting heavily on robotaxis, humanoid
EU Energy Chief Warns of Prolonged Price Hikes from Middle East Conflict
EU Energy Commissioner Dan Jørgensen warns the energy crisis will cause sustained price increases for months or years. The European Commissi
Kazakhstan Halts Oil Shipments to Germany via Russia Citing Technical Disruption
Kazakhstan's energy minister confirmed the suspension of oil transit to Germany via Russia for May, citing technical constraints. The minist
Germany Slashes 2026 GDP Forecast to 0.5% as Iran War Disrupts Energy Markets
Germany's government has cut its 2026 GDP growth forecast from 1% to 0.5%, citing the Iran war's energy shock. Italy followed with a similar
Lufthansa Group Cuts 20,000 Flights as Soaring Fuel Costs Reshape European Air Travel
The Lufthansa Group is cancelling 20,000 flights, primarily unprofitable short-haul routes, through October to save over 40,000 tonnes of je