Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Bank of England chief warns AI models threaten global financial stability
Bank of England Governor Andrew Bailey has warned that emerging AI models pose a growing threat to financial stability. In a letter to G20 f
QatarEnergy extends LNG force majeure into November as Hormuz shipping stays blocked
QatarEnergy has extended force majeure on LNG deliveries into November, with Italian utility Edison losing five more cargoes. Buyers across
European gas prices hit €70 as Gulf tensions threaten winter supplies
European benchmark gas prices surged above €70 per megawatt-hour on Monday, the highest since March, as US-Iran clashes threaten LNG shipmen
TAP Air Portugal posts near €100m loss in first half despite record passengers
TAP Air Portugal posted a net loss of nearly €100 million in the first half of 2024. Revenue rose 4% and passenger numbers hit a record, but
Oil rises as US-Iran tensions flare, Warsh signals possible Fed hike
Oil prices jumped on Monday after US strikes on Iranian targets in the Strait of Hormuz. Meanwhile, Fed chief Kevin Warsh's hawkish comments
EU trade chief Hoekstra accuses China of unfair trade practices
EU Trade Commissioner Wopke Hoekstra has accused China of unfair trade practices, calling for a more robust European stance. His remarks com
US and Venezuela agree on historic oil deal worth over $100 billion
The US and Venezuela have struck a deal to develop 17 strategic oil fields, potentially doubling American reserves. The agreement promises o
Warsh warns inflation persists as he rules out Fed forward guidance
In his first Jackson Hole address, Fed Chair Kevin Warsh argued that financial conditions are not restrictive and that underlying inflation
Fitch expected to hold France's A+ rating, analysts say
Fitch is expected to maintain France's A+ sovereign rating on Friday, according to analysts. Despite a weaker growth outlook and political u
EU's €3 levy on small parcels cuts Chinese imports by up to 40%
The EU's new €3 flat duty on parcels under €150 has cut small-package imports by 30-40%, with Temu and AliExpress hit hardest. Brussels says
Azerbaijan's Middle Corridor gains traction as Asia-Europe trade route
Cargo volumes through the Middle Corridor are surging, with Baku's port seeing a 40% increase in 2025. Azerbaijan Railways highlights digita
UEFA weighs Swiss criminal complaint against FIFA's Infantino over failed investment deal
UEFA has filed court documents in New York seeking evidence from investment firm Thrive Capital as it considers a Swiss criminal complaint a