Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
EU Fines Temu €200 Million Over Unsafe Baby Toys and Faulty Chargers
The European Commission fined Temu €200 million for failing to address risks from dangerous baby toys and faulty chargers. Investigators fou
Beijing's Industrial Push Threatens German Manufacturing Dominance
German economic weakness is not solely home-made, according to a Centre for European Reform study. Beijing's strategic dominance in key sect
IEA Chief Warns EU Against Easing Russian Energy Sanctions Amid Hormuz Crisis
IEA chief Fatih Birol cautions the EU against easing Russian energy sanctions, calling it a 'major mistake' amid the Strait of Hormuz crisis
Europe's Rental Yield Hotspots Shift to Southern and Mid-Sized Cities in 2026
Gross rental yields in Europe are highest in overlooked regional markets, especially in Southern Europe. Rome, Naples, and Turin offer stron
Carlos Slim: Pemex Crisis Is Mexico's Foremost Challenge
Carlos Slim calls Pemex's crisis Mexico's main issue, citing $85bn debt and plunging output. The billionaire announces $5bn in investments a
Chinese Carmakers Double EU Market Share as EV Sales Surge in 2026
Chinese carmakers doubled their EU market share to 6% in the first four months of 2026, with BYD and Chery leading the charge. Battery-elect
Egypt's New Gas Finds Offer Hope but Won't Ease Import Pressure Soon
Egypt has announced three major gas discoveries in two months, all linked to Eni, but analysts say rising power demand will outpace upstream
EU Ambassadors Endorse US Trade Deal, Final Vote Looms in Parliament
EU ambassadors approved the EU-US trade deal on Wednesday, clearing a key hurdle. The agreement includes a sunset clause ending in 2029 unle
SK Hynix and Micron Surpass $1 Trillion Market Cap as AI Fuels Memory Chip Boom
South Korea's SK Hynix and US-based Micron Technology both surpassed $1 trillion in market capitalisation within a day of each other. The ra
Germany and Canada Sign LNG Deal to Diversify Energy Sources Amid Middle East Turmoil
Germany's SEFE group signs an agreement with Canada for LNG from the planned Ksi Lisims terminal in British Columbia. The deal aims to bolst
Galeries Lafayette Closes Beijing Flagship After 13 Years, Shifts Strategy in China
Galeries Lafayette closed its Beijing flagship store on May 27 after 13 years, citing declining sales. The French retailer plans to pivot to
61% of Spaniards See Home Inheritance as Unattainable Amid Housing Crisis
61% of Spaniards doubt they will inherit a home, reflecting a deepening housing crisis. Inheritances are increasingly crucial, yet only one