Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Trump vows US will take all of Venezuela's oil as deal details emerge
The White House has published the terms of its Venezuela oil deal, naming the private company at its centre and confirming Washington's majo
Eurozone inflation accelerates to 3.3% as energy costs surge
Eurozone inflation climbed to 3.3% in August, up from 2.9% in July, as energy prices surged 14.3% year-on-year. Core inflation edged down to
Japan's 10-year yield hits 3% for first time since 1996 as G20 pressure mounts
Japan's 10-year government bond yield touched 3% on Tuesday, a level unseen since 1996. The move comes as the Bank of Japan prepares to hike
Shein's Hong Kong debut slides as tariffs and shipping costs bite
Shein's shares dropped as much as 10% on their Hong Kong trading debut, reflecting investor concerns over new tariffs and rising logistics c
Bank of England chief warns AI models threaten global financial stability
Bank of England Governor Andrew Bailey has warned that emerging AI models pose a growing threat to financial stability. In a letter to G20 f
QatarEnergy extends LNG force majeure into November as Hormuz shipping stays blocked
QatarEnergy has extended force majeure on LNG deliveries into November, with Italian utility Edison losing five more cargoes. Buyers across
European gas prices hit €70 as Gulf tensions threaten winter supplies
European benchmark gas prices surged above €70 per megawatt-hour on Monday, the highest since March, as US-Iran clashes threaten LNG shipmen
TAP Air Portugal posts near €100m loss in first half despite record passengers
TAP Air Portugal posted a net loss of nearly €100 million in the first half of 2024. Revenue rose 4% and passenger numbers hit a record, but
Oil rises as US-Iran tensions flare, Warsh signals possible Fed hike
Oil prices jumped on Monday after US strikes on Iranian targets in the Strait of Hormuz. Meanwhile, Fed chief Kevin Warsh's hawkish comments
EU trade chief Hoekstra accuses China of unfair trade practices
EU Trade Commissioner Wopke Hoekstra has accused China of unfair trade practices, calling for a more robust European stance. His remarks com
US and Venezuela agree on historic oil deal worth over $100 billion
The US and Venezuela have struck a deal to develop 17 strategic oil fields, potentially doubling American reserves. The agreement promises o
Warsh warns inflation persists as he rules out Fed forward guidance
In his first Jackson Hole address, Fed Chair Kevin Warsh argued that financial conditions are not restrictive and that underlying inflation