Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Zurich Tops Europe's Priciest Housing Markets at €18,229/m²
Zurich leads Europe's priciest housing markets at €18,229 per square metre, more than double Paris. Swiss and Luxembourg cities dominate the
OpenAI Files for IPO, Joining Anthropic and SpaceX in AI Public Listing Race
OpenAI has filed confidential IPO paperwork with the SEC, becoming the third major AI company to pursue a public listing. The move follows s
FIFA Settles €65M Dispute with Lassana Diarra Without Admitting Liability
FIFA has settled a long-running legal dispute with Lassana Diarra over €65 million in damages, without admitting wrongdoing or paying compen
Le Havre Destroys 38,000 Counterfeit Trainers After 15-Year Legal Battle
Nearly 38,000 counterfeit trainers seized in Le Havre in 2011 were finally destroyed in June 2025 after a 15-year legal battle. The French i
Intesa Sanpaolo launches €30.6bn bid for Monte dei Paschi, aiming to become Europe's second-largest bank
Intesa Sanpaolo and Unipol have launched a €30.6 billion public offer for Monte dei Paschi di Siena. The deal would create Europe's second-l
Jet Fuel Surge Cuts Global Airline Profit Forecast in Half
Global airline profits are expected to be halved this year due to a surge in jet fuel prices linked to Iran-related tensions. Despite record
SpaceX, OpenAI, and Anthropic IPOs Test Market Capacity in Unprecedented $4 Trillion Wave
SpaceX, OpenAI, and Anthropic are set to debut on public markets in 2026 with a combined valuation near $4 trillion. The IPOs could raise ov
Oil Surges as Israel-Iran Strikes Undermine Ceasefire Efforts
Oil prices spiked Monday after Israel launched airstrikes on central and western Iran. The attacks undermine a tentative US-brokered ceasefi
EU Struggles to Counter Chinese Tariff Circumvention as Firms Advertise Loopholes
Chinese firms are openly advertising methods to circumvent EU anti-dumping duties, including transhipment via third countries and minor prod
Real Wages Slip Across Eurozone as Inflation Outpaces Pay Growth
Eurozone inflation hit 3.0% in April 2026, while posted wage growth lagged at 2.3%, reversing a trend of real wage gains. Workers in France
EU Trade Chief Unveils Plan to Force Supplier Diversification Away from China
EU Trade Commissioner Maroš Šefčovič pledges a new instrument to diversify suppliers and cut dependence on China. The tool may require compa
Eurozone GDP Shrinks 0.2% in Q1 2026 as Iran War Disrupts Energy Markets
The eurozone economy shrank by 0.2% in Q1 2026, its first quarterly contraction in over a year. Ireland's GDP plunged 12.1% due to multinati