Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Iranian rial plunges to record low as dollar tops 22 million tomans
The Iranian rial has lost over 60% of its value since March, with the dollar surpassing 22 million tomans on the free market. The central ba
Dutch central bank shifts 86 tonnes of gold to London amid geopolitical tensions
The Dutch central bank has relocated 86 tonnes of gold from the US and Canada to London, citing increasing geopolitical unrest. The move boo
EU trade chief rules out mediating US-Canada trade war
EU Trade Commissioner Maroš Šefčovič says the EU cannot mediate in the US-Canada trade dispute. He signals readiness to expand cooperation w
Spain's August job losses ease as foreign worker regularization cushions blow
Spain shed 162,840 jobs in August, the smallest decline for that month since the pandemic. Unemployment rose by 44,419, but the regularizati
BP names Ian Tyler permanent chair after governance crisis
BP has made Ian Tyler its permanent chair after months of boardroom instability. Tyler steps up from interim role following the dismissal of
Russia's double utility tariff hike pushes inflation further from target
Russia has raised utility tariffs by an average of 15% from 1 October, the second increase this year. The central bank warns the move will p
EU trade chief sets October deadline for China to deliver concrete results
EU Trade Commissioner Maroš Šefčovič has given Beijing until October to deliver concrete results or face harsher measures. Talks are underwa
Taiwan's AI stock surge drives risky borrowing boom
Taiwan's stock market surge, fueled by AI demand, has led many to borrow heavily to invest. While some have profited, others face steep loss
Trump threatens to block Bombardier sales in US market
President Trump has threatened to stop Canadian planemaker Bombardier from selling its aircraft in the United States. The move could disrupt
Germany's richest man leaves €42bn fortune to charity foundation
Klaus-Michael Kühne, Germany's richest man, died in August 2026, leaving his €42.2bn fortune to the Kühne Foundation. The transfer, free of
European bond yields hit 15-year highs as global sell-off deepens
Germany's 10-year Bund yield climbed above 3.36%, the highest since 2008. France's OAT yield hit its highest since November 2008, while Ital
Germany seeks Algerian gas deals to ease winter supply fears
Germany's foreign minister is in Algiers seeking long-term gas contracts to diversify supply. German storage is only 53% full, below the EU