Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Gironde wildfires disrupt 40,000 businesses and threaten tourism in southwest France
Around 40,000 businesses in Gironde are directly or indirectly affected by the wildfires, representing roughly 200,000 jobs. The tourism sec
Bernard Arnault joins X to counter Le Monde investigation, signals new public strategy
Bernard Arnault made his debut on X with a terse 'Thank you' after Le Monde published a six-part investigation into his empire. The move bre
Iraq offers Turkey 1 million barrels of oil daily as Hormuz crisis reshapes energy routes
Iraqi Prime Minister Ali Zeydi offered Turkey up to 1 million barrels of oil per day during his first visit to Ankara. The deal aims to redu
BMW to cut 8,000 jobs in voluntary redundancy programme across Germany
BMW will cut approximately 8,000 jobs globally, mainly in Germany, through a voluntary redundancy programme. The cuts target administrative
Porsche profit rises 34% on cost cuts and 911 sales despite China slump
Porsche's first-half operating profit jumped 34% to €1.35bn, beating analyst expectations. The gain came from tighter cost management and hi
Mercedes-Benz lowers sales forecast despite profit jump as China struggles
Mercedes-Benz posted a 22% increase in second-quarter operating profit, reaching €1.55 billion. However, the German automaker lowered its fu
Spain's summer hiring spree pushes employment to record 22.8 million, jobless rate dips below 10%
Spain's unemployment rate dropped to 9.87% in the second quarter, the lowest in 18 years. Summer hiring added 486,000 jobs, pushing total em
Qatar launches diamond exchange to strengthen its role in global trade
Qatar has opened the Qatar Diamond Exchange in Doha, a regulated hub for trading, certification, and vaulting of rough and polished diamonds
EU's €890 million Google fine opens door for more private damages claims across Europe
The European Commission's €890 million fine against Google under the Digital Markets Act bolsters private damages claims from comparison-sho
Spain's tourism boom masks holiday affordability crisis for one in three
Spain is on track to welcome 43 million international tourists this summer, a 6% increase from 2025. Yet 32.2% of Spaniards cannot afford a
iPhone 17 Pro prices: Europe's premium widens as taxes and currencies diverge
Europeans pay significantly more for the iPhone 17 Pro than Americans, with Turkey topping the global list at €2,222. Switzerland offers the
Asian chip stocks plunge on AI sustainability fears, European markets brace
South Korea's Kospi index fell more than 10% on Tuesday, triggering a trading halt, as chipmakers Samsung and SK Hynix saw double-digit loss