Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Uber to cut 3,300 jobs in largest layoffs since pandemic
Uber is cutting about 3,300 jobs, or 10% of its workforce, in its biggest layoffs since the pandemic. The company aims to streamline managem
Africa's food systems forum: bridging capital gaps for agri-SMEs
At the Africa Food Systems Forum, experts highlight the gap between pledged billions and funding reaching local agri-SMEs. Meanwhile, Kinsha
Portugal's August car sales jump as EVs capture over a third of market
Portugal's new vehicle registrations jumped 11.3% in August, with 17,209 units sold. Electric cars accounted for 36.1% of the monthly market
China threatens retaliation over France's fast fashion levy
China has demanded France abandon its new levy on ultra-fast fashion, calling it discriminatory. Beijing warns of unspecified retaliation if
Why Gen Z may not be ready for the workplace, according to managers
Only 6% of managers believe young recruits are workplace-ready, despite 45% of Gen Zers feeling they have the necessary skills. A Hult study
US imposes 100% tariffs on drones to curb Chinese market dominance
The US has imposed tariffs of up to 100% on drones and drone parts, aiming to reduce reliance on Chinese manufacturers. The move, signed by
US energy giants sign multibillion-dollar Venezuela deals amid sovereignty concerns
US energy firms signed multibillion-dollar deals with Venezuela, granting Washington control over a fifth of its oil reserves. Critics quest
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