Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
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
EU Proposes Energy Vouchers, Social Tariffs, and VAT Cuts to Shield Vulnerable Households from Price Surge
The European Commission calls on EU governments to provide energy vouchers, income support, and social tariffs for vulnerable households. It
Kazakhstan Aims to Become Central Asia's Food Processing Powerhouse
Kazakhstan plans for value-added products to dominate its agricultural exports by 2028. The country is a top EU supplier of sunflower meal a
Global Condom Prices Set to Rise as Middle East Conflict Disrupts Supply Chains
The world's largest condom manufacturer, Karex, warns prices may rise 20-30% due to supply chain disruptions from the Iran war. Shipments to
Fed Nominee Warsh Defends Independence Amid Trump Pressure and Senate Scrutiny
Kevin Warsh, the nominee for US Federal Reserve Chair, firmly rejected being labelled a 'sock puppet' for former President Donald Trump duri
UK Inflation Rises to 3.3% as Middle East Conflict Fuels Energy Price Surge
UK inflation rose to 3.3% in March, propelled by an 8.7% monthly jump in motor fuel costs. The Bank of England faces a policy dilemma as sup
Wall Street's 24/7 Tokenisation Drive Reshapes Global Finance Amid Geopolitical Risk
Wall Street is structurally shifting towards 24/7 tokenised markets to manage risk during geopolitical events when traditional exchanges are
Frederique Constant CEO Niels Eggerding Targets Young Buyers with Slimmer Watch Designs
Frederique Constant CEO Niels Eggerding is betting on smaller, classic-inspired watches to attract younger buyers. The Swiss brand aims to c
EU Turns to US Jet Fuel Imports as Middle East Disruptions Threaten Supply
EU transport ministers are seeking alternative jet fuel supplies from the US due to Middle East disruptions. Emergency stocks may be used if
Russian Ship Suspected of Carrying Ukrainian Grain Docks in Israel, Evades Seizure
A Russian-flagged bulk carrier, the ABINSK, docked in Israel's Port of Haifa and unloaded cargo that Ukraine alleges is stolen grain from oc
German Business Outlook Plummets to Lowest Level Since 2022 Energy Crisis
A key survey shows German business expectations have dropped to their lowest level in over three years. The decline is attributed to fears o
Thales Defence Orders Surge 75% Amid Global Tensions and European Demand
Thales's defence orders soared to €2.24 billion in the first quarter, a 75% increase year-on-year. The company secured five major defence co