Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Europe faces winter gas crunch as prices surge and storage lags
European wholesale gas prices are trading near their highest in over three years, with EU storage at unusually low levels. Household bills c
Canada imposes sweeping counter-tariffs on US goods as trade war escalates
Canada will impose counter-tariffs on C$27.6 billion of US goods from September 8, matching Washington's levies. Finance Minister François-P
Azerbaijan's top bank buys into Uzbekistan with Davr Bank deal
Azerbaijan's largest bank, ABB, is acquiring a controlling stake in Uzbekistan's Davr Bank for €86 million. The deal marks a significant Sou
Eni commits $8.5bn to Egypt gas expansion with 230 new wells
Eni plans 30 exploration and 200 development wells in Egypt, backed by $8.5bn. Key projects include the Denise West discovery and the Cronos
Del Vecchio heir exits EssilorLuxottica, criticises 'distant' management
Leonardo Maria Del Vecchio is stepping down as Ray-Ban chairman and chief strategy officer at EssilorLuxottica. In his resignation letter, h
German GDP growth revised up as exports cushion energy shock
Germany's GDP grew 0.3% in Q2, revised up from 0.2%, driven by a 2% rise in exports. Business sentiment improved across all major sectors, t
US sanctions on Iran: what they mean for European firms
Washington has expanded secondary sanctions on Iran, threatening to cut off any company from the dollar system. European direct trade is sma
Saudi Arabia to fund three theme parks near Paris in €6bn deal
France and Saudi Arabia have signed a €6 billion deal to build three theme parks near Paris, including one based on Dragon Ball Z. The proje
Saudi Arabia invests €6 billion in three theme parks near Paris
Saudi Arabia will invest €6 billion in three theme parks near Paris, announced President Macron. The parks, to be built in Cergy-Pontoise, a
UK owner of Portugal's largest solar plant enters insolvency
The British owner of Portugal's largest solar plant has filed for insolvency. Operational setbacks, falling electricity prices, and a stalle
Volkswagen workers slam 'disastrous' communication on plant closures
Volkswagen workers have condemned the company's communication over possible job cuts and plant closures as 'disastrous'. Employee representa
Bitcoin's surge puts Italy's richest man, Tether's Giancarlo Devasini, in the spotlight
Bitcoin's rally past $79,000 has cast a spotlight on Giancarlo Devasini, the Italian chairman of Tether. Forbes estimates his fortune at $89