Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
UK Signs First G7-GCC Trade Deal, Expected to Boost Economy by €4 Billion Annually
The UK has signed the first trade deal between a G7 country and the Gulf Cooperation Council, eliminating up to 93% of tariffs on British ex
SpaceX's Potential Record-Breaking IPO: A Look at the Biggest Stock Market Debuts
SpaceX is reportedly planning an IPO that could raise $75 billion, surpassing all previous records. From Saudi Aramco to Alibaba, these are
EU Slashes 2026 Growth Forecast as Strait of Hormuz Crisis Drives Inflation
The EU economy is now expected to grow just 1.1% in 2026, down from 1.4%. Inflation is forecast to hit 3.1% as energy costs surge. The crisi
Eurozone Recession Risks Surge as Iran War Drives Sharpest Contraction Since 2023
Eurozone composite PMI fell to 47.5 in May, the lowest since October 2023. France's index plunged to 43.5, its sharpest contraction since No
SpaceX Files for Record $75 Billion IPO, Eyes Moon and Mars Missions
SpaceX has filed for an IPO that could raise around $75 billion, potentially the largest in history. The company plans to use funds for Moon
Poland and Portugal Lead Europe in Real Income Growth as Major Economies Stagnate
Poland recorded 4.1% real household income growth in 2025, the highest in Europe. Portugal and the Netherlands also posted strong gains. Maj
Berlin to Acquire 40% Stake in Tank Maker KNDS, Sources Confirm
Germany plans to buy a 40% stake in KNDS, the maker of Leopard 2 tanks and Caesar howitzers. The stake will later drop to 30% within two to
Trump's Trade War Splits US Firms, Opens Door for European Competitors
Trump's second term has split US firms over how to engage with Europe, with some seeking confrontation and others preferring diplomacy. The
EU Official: Critical Raw Materials Race Is About Geopolitical Power
Koen Doens, head of the European Commission's international partnerships department, says the global race for critical raw materials is fund
US and China Signal Tariff Cuts on $30 Billion in Goods After Trade Truce
Beijing and Washington have agreed in principle to cut tariffs on goods worth at least $30 billion each. The move follows a one-year trade t
EU Fertiliser Plan Highlights Deep Link Between Energy Costs and Food Prices
The EU's fertiliser plan seeks to reduce dependence on imported fossil fuels and stabilise food prices. Critics argue it offers insufficient
UN Cuts Global Growth Forecast as Middle East Crisis Drives Energy Costs
The UN has downgraded its global growth forecast to 2.5% for 2026, citing the Middle East crisis and rising oil prices. Europe is particular