Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Japanese Yen Plunges to 40-Year Low Against Dollar, Tokyo Faces Intervention Pressure
The yen fell to 162.4 per dollar, its weakest in 40 years, despite record intervention and a rate hike. The wide US-Japan interest rate gap
EU Closes Tax Loophole for Shein, Temu, and AliExpress with New €3 Duty
The European Union has introduced a flat €3 customs duty on low-value e-commerce imports to close a loophole exploited by Shein, Temu, and A
Air Tourism Drives Up Spanish Rents by €236, Study Finds
A Transport & Environment study finds that a 12.8% increase in air tourists in Spain has driven rents up by €236 per month and house prices
Air Tourism Adds €3,800 to Spanish Home Prices, Study Finds
A new study by Transport & Environment links booming air tourism in seven European countries to higher rents and house prices. In Spain, the
EIB’s €3 Billion Airbus Loan Signals Europe’s Strategic Autonomy Push, Calviño Says
The European Investment Bank has granted Airbus a record €3 billion loan to boost aerospace and defence projects. EIB President Nadia Calviñ
Lagarde's Sintra Speech Unveils a New ECB Playbook for a Volatile Era
The ECB is moving away from unconventional tools like bond buying and forward guidance. Lagarde says the bank will now rely on interest rate
World Bank Opens Madrid Office to Boost Private Investment in Emerging Markets
The World Bank Group inaugurated a Madrid office on Monday, aiming to deepen ties with Spanish firms and investors. The office will facilita
McKinsey Partner: AI Anxiety Outpaces Real Marketing Impact at Cannes Lions
McKinsey research at Cannes Lions shows 88% of marketers use AI, but less than 10% see real value. 80% of CMOs worry about job security, eve
BAT to Cut 5,500 Jobs and Outsource Thousands More in €695m Cost Drive
British American Tobacco is cutting 5,500 jobs and outsourcing 3,500 more, affecting nearly a fifth of its workforce. The €695m cost-saving
Central Banks Warn AI Investment Surge Risks Financial Crash
The Bank for International Settlements warns that the AI investment boom risks a financial bust. Hidden costs are surfacing in company accou
EU Clamps Down on Chinese E-Commerce Giants with New Customs Rules
The EU is closing a tax loophole that let Chinese e-commerce platforms avoid customs duties on parcels under €150. From July, low-value impo
EU Ends Tax-Free Loophole for Shein and Temu, Raising Fast-Fashion Costs
The EU has scrapped the tax exemption for low-value parcels from platforms like Shein and Temu. A flat-rate customs duty of €3 per product c