Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
IEA warns diesel prices in Europe may climb as global supply crunch persists
The International Energy Agency warns that diesel markets will stay tight into 2027, with European wholesale prices at risk of rising again.
Oil climbs as reported attacks in Strait of Hormuz stoke supply fears
Oil prices climbed after Iran reportedly attacked vessels in the Strait of Hormuz, raising supply concerns. European gas prices hovered near
Bank of America hit with $1.2bn fine over money laundering failures
Bank of America faces a $1.2bn penalty for failing to report suspicious transactions and violating sanctions on Iran and Russia. The fine is
Netflix wins 2030 World Cup broadcast rights for Spain and Andorra
Netflix has secured exclusive rights to broadcast the 2030 FIFA World Cup in Spain and Andorra, covering all 104 matches live. The deal incl
US bank profits rise but rate and inflation worries persist
JPMorgan, Citigroup, Wells Fargo and Goldman Sachs posted higher quarterly profits, but warned of economic headwinds. Rising rates, sticky i
Stellantis CEO Filosa: European overcapacity tackled via Chinese partnerships
Stellantis CEO Antonio Filosa says the group has excess production capacity in Europe but will avoid plant closures by partnering with Chine
LVMH third-quarter sales miss forecasts as Chinese demand weakens
LVMH's third-quarter revenue rose just 1% organically, missing forecasts as Chinese demand weakened. The fashion and leather goods segment f
IMF lifts 2026 global outlook to 3.1% but warns of energy and AI divides
The IMF now sees global growth of 3.1% in 2026, up slightly from its July projection. Eurozone expansion is forecast at just 1.1%, weighed d
Citroën's 2CV returns as an electric city car at the Paris Motor Show
Citroën has revived the 2CV as a fully electric concept at the Paris Motor Show, priced around €15,000. The production version is expected i
German firms target Azerbaijan's green energy and Middle Corridor plans
German industrial leaders are exploring investments in Azerbaijan's green energy and logistics sectors. Siemens Energy and others aim to sup
Thales plans Japan's first foreign-run defence maintenance hub
Thales is preparing to open a military equipment maintenance facility in Japan, the first such base run by a foreign defence company. The mo
Hall and Woodford win Nobel economics prize for stabilisation models
Jonas Hall and Michael Woodford have been awarded the Nobel economics prize for their models of economic stabilisation. Their work has shape