Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
FIFA Settles €65M Dispute with Lassana Diarra Without Admitting Liability
FIFA has settled a long-running legal dispute with Lassana Diarra over €65 million in damages, without admitting wrongdoing or paying compen
Le Havre Destroys 38,000 Counterfeit Trainers After 15-Year Legal Battle
Nearly 38,000 counterfeit trainers seized in Le Havre in 2011 were finally destroyed in June 2025 after a 15-year legal battle. The French i
Intesa Sanpaolo launches €30.6bn bid for Monte dei Paschi, aiming to become Europe's second-largest bank
Intesa Sanpaolo and Unipol have launched a €30.6 billion public offer for Monte dei Paschi di Siena. The deal would create Europe's second-l
Jet Fuel Surge Cuts Global Airline Profit Forecast in Half
Global airline profits are expected to be halved this year due to a surge in jet fuel prices linked to Iran-related tensions. Despite record
SpaceX, OpenAI, and Anthropic IPOs Test Market Capacity in Unprecedented $4 Trillion Wave
SpaceX, OpenAI, and Anthropic are set to debut on public markets in 2026 with a combined valuation near $4 trillion. The IPOs could raise ov
Oil Surges as Israel-Iran Strikes Undermine Ceasefire Efforts
Oil prices spiked Monday after Israel launched airstrikes on central and western Iran. The attacks undermine a tentative US-brokered ceasefi
EU Struggles to Counter Chinese Tariff Circumvention as Firms Advertise Loopholes
Chinese firms are openly advertising methods to circumvent EU anti-dumping duties, including transhipment via third countries and minor prod
Real Wages Slip Across Eurozone as Inflation Outpaces Pay Growth
Eurozone inflation hit 3.0% in April 2026, while posted wage growth lagged at 2.3%, reversing a trend of real wage gains. Workers in France
EU Trade Chief Unveils Plan to Force Supplier Diversification Away from China
EU Trade Commissioner Maroš Šefčovič pledges a new instrument to diversify suppliers and cut dependence on China. The tool may require compa
Eurozone GDP Shrinks 0.2% in Q1 2026 as Iran War Disrupts Energy Markets
The eurozone economy shrank by 0.2% in Q1 2026, its first quarterly contraction in over a year. Ireland's GDP plunged 12.1% due to multinati
Greece Cleared to Repay €6.95 Billion in Bailout Loans Ahead of Schedule
The European Stability Mechanism has approved Greece's request to repay €6.95 billion in bailout loans early. The move is expected to reduce
European Markets Open Mixed as AI Stock Sell-Off Hits Asia, South Korea Drops 5%
European markets opened mixed on Friday, with London's FTSE 100 and Frankfurt's DAX falling, while Paris and Madrid edged higher. A sharp se