Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
War and heatwaves set to push bread and pasta prices higher
Global food prices are expected to rise 11.8% in 2026, with wheat hardest hit. Europe's heatwaves and the wars in Ukraine and the Middle Eas
UniCredit's path to Commerzbank control clears as Berlin softens stance
German officials are reportedly open to discussing the sale of the state's 12.7% Commerzbank stake to UniCredit. If completed, UniCredit wou
European bond yields soar as Iran tensions stoke inflation worries
French and German 10-year yields reached levels not seen in over a decade. Oil prices climbed above $90 a barrel as hopes for a quick Iran r
UK wage growth slows as Middle East conflict drives up living costs
UK wage growth slowed to 4.1% in the three months to June, as the Iran war drives up energy costs and inflation. Public sector pay rose 6.1%
Nasdaq to extend US stock trading to nearly 23 hours a day
Nasdaq will extend US stock trading to nearly 23 hours a day from 6 December, pending SEC approval. The new overnight session runs from 9pm
FIRE movement gains ground among young Europeans seeking early exit
FIRE is gaining traction among young Europeans worried about retirement security and workplace burnout. The strategy involves aggressive sav
Stellantis recalls 955,000 vehicles as quality concerns mount
Stellantis is recalling 955,000 vehicles over a rear-view camera software fault. The move follows 13.4 million recalls in 2025 and a €5.3 bi
Ukraine's drone campaign disables seven of Wildberries' ten largest warehouses
Ukraine's month-long drone campaign has disabled seven of Wildberries' ten largest warehouses, including its biggest facility near Moscow. T
Japan's 10-year bond yield hits 30-year high as growth disappoints
Japan's 10-year government bond yield touched 2.93%, its highest since 1996, as Q2 growth came in at half the expected pace. The weak data a
Ferrari's first electric car fetches record $40 million at auction
A one-off Ferrari Luce, the marque's first electric model, sold for $40 million at a US charity auction. The price far exceeded estimates an
Nvidia's $500bn Wall Street deal reveals the new shape of AI finance
Nvidia has signed agreements with six major investment firms to channel over $500bn into AI infrastructure. The deals let tech companies bui
Maersk and Hapag-Lloyd shift another Asia-Europe service back to Suez
The AE19 service, operated by Maersk and Hapag-Lloyd, has switched from the Cape of Good Hope back to the Suez Canal, saving about four week