Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Global Oil Demand Set for First Annual Drop Since COVID-19 as Gulf Crisis Deepens
Global oil demand is projected to contract by 1 million barrels per day in 2026, marking the first annual drop since the COVID-19 pandemic.
Apollo Outbids Castlelake for EasyJet with £5.7bn Offer, Regulatory Hurdles Remain
EasyJet's board backs Apollo's £5.7bn takeover bid, abandoning a previous agreement with Castlelake. The offer values the airline at £7.15 p
Lagarde Urges EU to Confront Weaknesses and Build on Strengths Amid Global Turmoil
ECB President Christine Lagarde says Europe must confront its weaknesses and leverage its strengths in a volatile global landscape. She spok
Volkswagen's 2030 Plan: Halving Models, Cutting Capacity, but Job Fears Remain
Volkswagen announced a major restructuring plan through 2030, including halving its model lineup and reducing production capacity to nine mi
Scaleup Growth in Europe: Latvia, Portugal, and Greece Lead the Pack
Latvia, Portugal, and Greece recorded the highest scaleup growth in the EU between 2023 and 2024. Ireland, Sweden, and Denmark lead in scale
Kazakhstan Courts Global Tech Investors for AI Hub as FDI Exceeds €130 Billion
Kazakhstan has accumulated over €130 billion in net FDI, accounting for nearly 70% of all foreign investment in Central Asia. President Toka
Europe Faces Economic Crossroads as Lagarde Urges Action Amid Global Tensions
ECB President Christine Lagarde warns Europe must bolster its economy amid renewed Middle East tensions. EU finance ministers meet in Brusse
Europe's Millionaire Surge: Eastern Europe Leads Growth, UK and France Top in Numbers
Eastern Europe recorded the fastest growth in dollar millionaires in 2025, with Lithuania, Turkey, and Latvia topping the global list. The U
EU Opens Probe into Chinese Pekin Duck Imports Amid Trade Tensions
The European Commission launched an anti-subsidy investigation into Chinese Pekin duck imports following complaints from EU producers. The p
Volkswagen Union Warns of 'Major Conflict' Over 100,000 Job Cuts and Plant Closures
IG Metall warns Volkswagen's management risks a 'major conflict' with workers over plans to cut up to 100,000 jobs and close four German pla
Spanish Court Orders BBVA and Ex-Chairman to Stand Trial in Villarejo Scandal
Spain's National Court has ordered BBVA and its former chairman Francisco González to stand trial over alleged illegal contracts with ex-pol
Volkswagen Faces Crucial Talks on 100,000 Job Cuts and Plant Closures
Volkswagen's supervisory board meets Thursday to discuss a restructuring plan that could cut 100,000 jobs and close four German plants. Unio