Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
EU Proposes Banking Overhaul to End National Fragmentation and Boost Investment
The European Commission has proposed sweeping reforms to unify the EU's fragmented banking sector. The plan aims to free up capital for lend
EU Strengthens Red Sea Naval Mission Amid Houthi Threat to Close Bab el-Mandeb
EU foreign policy chief Kaja Kallas visited Djibouti to bolster the EU's naval presence in the Red Sea. Reports suggest Iran has instructed
Portugal Fuel Prices Surge as Middle East Tensions Drive Up Costs
From July 20, diesel prices in Portugal will increase by 13.5 cents per litre, petrol by 6.5 cents. The surge is linked to ongoing conflict
Beijing Condemns UK Nationalisation of British Steel, Warns of Investment Impact
China has condemned the UK's decision to nationalise British Steel, accusing London of disregarding Jingye Group's investments. The move, wh
Real Wages Still Below 2021 Levels in One-Third of European Countries
Real wages in nine European countries are still below 2021 levels, according to the OECD Employment Outlook 2026. Italy saw the largest drop
Italian Police Raid Luxury Brands Including Bulgari and Chanel Over Labour Abuse in Supply Chains
Milan prosecutors raided offices of Bulgari, Chanel, and other luxury brands over alleged labour exploitation by subcontractors employing Ch
Iran Conflict Upends Record Airline Profits as European Carriers Hold Ground
The top nine airlines posted a combined $25.1bn profit, but the Iran war has already closed key airspace and spiked jet fuel costs. Ryanair
Uber's €13 Billion Bid for Delivery Hero Wins German Board Backing
Berlin-based Delivery Hero backs Uber's €13 billion takeover offer. The deal would create the world's largest mobility and delivery platform
Why Europe's Supermarket Bills Could Rise Again Despite Slowing Food Inflation
Eurozone food inflation fell to 1.6% in June 2026, its lowest since mid-2021. Yet economists at Oxford Economics and Deutsche Bank expect pr
Former Hungarian Foreign Minister Szijjártó Quits Parliament for BYD Role
Péter Szijjártó has stepped down from Hungary's parliament to join BYD, the world's largest electric carmaker, as an international executive
Spain's Inflation Steadies at 3.2% in June as Electricity Costs Offset Cheaper Fuel
Spain's annual inflation remained at 3.2% in June, matching May and April figures. Electricity prices rose 6% year-on-year after the governm
China's Q2 Growth Slows to 4.3%, Weakest Since Late 2022, Pressuring Beijing
China's economy expanded 4.3% year-on-year in the second quarter, the weakest since late 2022. Weak domestic demand and a prolonged property