Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
EU Weighs Retaliation as Trump Threatens 25% Tariffs on European Cars
President Trump has threatened to impose 25% tariffs on European cars, escalating trade tensions. The EU is weighing a response that could i
AI and Short Squeezes Drive Record Markets Despite Iran War Fallout
Stock markets in the US, Japan, and South Korea reach record highs despite the Iran war disrupting global energy supplies. AI-driven demand
EU Trade Chief Urges US to Restore 15% Tariff Cap as Tensions Rise
EU Trade Commissioner Maroš Šefčovič met US Trade Representative Jamieson Greer in Paris, urging a swift return to the 15% tariff cap agreed
IMF Warns Europe Faces Recession Risk if Middle East Conflict Prolongs
The IMF warns that a prolonged Middle East conflict could tip Europe into recession. Energy disruptions and high prices weigh on growth, whi
EU Capital Markets Supervision Split Risks Derailing Competitiveness Push
EU countries are deadlocked over plans to centralise capital markets supervision, risking delays to the bloc's competitiveness agenda. Inter
Basque Steel Pipe Maker Tubos Reunidos Files for Insolvency After 134 Years
Tubos Reunidos, founded in 1892, has filed for insolvency after reporting a loss of €82.5 million in the last fiscal year. The company faces
Brexit Decade: UK Stocks and Sterling Still Scarred by 2016 Vote
UK equity funds have seen $160 billion in net outflows since the 2016 Brexit vote. The FTSE 100 has gained 62%, far behind the S&P 500's 253
Spain's CNMC Opens 63 Cases Over April Blackout; EDP Denies Responsibility
Spain's CNMC has opened 63 proceedings against energy companies following the April 28 blackout. EDP, one of the firms targeted, denies any
European Banks Diverge: HSBC Profit Slips on Iran War Charges, UniCredit Surges
HSBC's pre-tax profit fell 1.1% to $9.38 billion, hit by $1.3 billion in credit impairments linked to the Iran war. In contrast, UniCredit's
Meloni in Baku: Italy Deepens Energy Ties with Azerbaijan Amid Middle East Instability
Italian Prime Minister Giorgia Meloni visited Baku to reinforce energy cooperation with Azerbaijan, emphasizing the country's role as a hub
European Shares Dip as Oil Prices Stay Elevated on Iran Strait Tensions
European shares slipped Tuesday as oil prices stayed elevated near recent peaks, with Brent crude trading around $112.86. The decline follow
MSC Launches New Europe-Red Sea Service to Bypass Strait of Hormuz
MSC's new express service links Baltic and Mediterranean ports to Aqaba and King Abdullah Port via the Suez Canal. The route bypasses the St