Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
ECB Orders Eurozone's Largest Banks to Fortify Defenses Against AI Cyber Threats
The ECB's supervisory board has sent a letter to 110 directly supervised banks, demanding action plans to address AI-driven cyber risks by O
EU's €3 Customs Fee on Low-Value Imports: Who Really Pays?
Since 1 July, a €3 customs handling duty applies to low-value parcels entering the EU from outside the bloc. While the European Commission s
Euro Area Under Strain as Recession Risks Mount, ESM Economist Warns
Rolf R. Strauch, chief economist at the European Stability Mechanism, warns that euro area governments must create growth to avoid a recessi
Samsung's AI-Driven Profit Surge Fails to Calm Investor Fears Over Chip Cycle
Samsung Electronics forecasts a nineteen-fold profit leap for Q2, yet shares fell sharply. Investors worry the AI-driven memory chip rally m
Five European Economies Set to Outpace Eurozone Growth by 2031
The IMF projects the eurozone will grow just 1.2% annually through 2031, but five smaller European economies are set to expand at more than
Sky to Acquire ITV's Broadcasting Arm for £1.6 Billion, Creating UK Streaming Powerhouse
Sky will acquire ITV's broadcasting and streaming business for up to £1.6bn (€1.87bn). The deal combines free-to-air and subscription TV wit
EU High-Tech Sales Hit €414 Billion in 2024 as Tech Sovereignty Push Intensifies
EU high-tech manufacturing sales reached €414 billion in 2024, up from €273 billion a decade earlier. Pharmaceuticals dominate at 29%, while
OPEC+ Modestly Boosts Output as Oil Prices Return to Pre-War Levels
Seven OPEC+ producers will raise output by 188,000 barrels per day in August, continuing a gradual unwinding of cuts. Brent crude has fallen
EasyJet Shares Surge 10% After Board Backs Castlelake's £5 Billion Takeover Proposal
EasyJet shares jumped over 10% after its board backed a £5 billion takeover proposal from US investment firm Castlelake. The deal, still sub
Why Europe's Gender Pension Gap Is More Than Double the Pay Gap
The gender pension gap in the EU stands at 24.5%, more than double the 11.1% pay gap. Lifetime earnings, part-time work, and caregiving role
EBRD Lends €255M to Boost Kazakhstan's Mineral Processing Capacity
The EBRD is financing a €255 million facility in Pavlodar to process refractory gold ores, unlocking previously inaccessible reserves. The p
Antwerp Diamond Industry Gifts Trump Lavish Ring After Winning Tariff Relief
The Antwerp World Diamond Centre gifted President Donald Trump a ring encrusted with 321 diamonds and other precious stones. The gift came m