Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
Del Vecchio heir exits EssilorLuxottica, criticises 'distant' management
Leonardo Maria Del Vecchio is stepping down as Ray-Ban chairman and chief strategy officer at EssilorLuxottica. In his resignation letter, h
German GDP growth revised up as exports cushion energy shock
Germany's GDP grew 0.3% in Q2, revised up from 0.2%, driven by a 2% rise in exports. Business sentiment improved across all major sectors, t
US sanctions on Iran: what they mean for European firms
Washington has expanded secondary sanctions on Iran, threatening to cut off any company from the dollar system. European direct trade is sma
Saudi Arabia to fund three theme parks near Paris in €6bn deal
France and Saudi Arabia have signed a €6 billion deal to build three theme parks near Paris, including one based on Dragon Ball Z. The proje
Saudi Arabia invests €6 billion in three theme parks near Paris
Saudi Arabia will invest €6 billion in three theme parks near Paris, announced President Macron. The parks, to be built in Cergy-Pontoise, a
UK owner of Portugal's largest solar plant enters insolvency
The British owner of Portugal's largest solar plant has filed for insolvency. Operational setbacks, falling electricity prices, and a stalle
Volkswagen workers slam 'disastrous' communication on plant closures
Volkswagen workers have condemned the company's communication over possible job cuts and plant closures as 'disastrous'. Employee representa
Bitcoin's surge puts Italy's richest man, Tether's Giancarlo Devasini, in the spotlight
Bitcoin's rally past $79,000 has cast a spotlight on Giancarlo Devasini, the Italian chairman of Tether. Forbes estimates his fortune at $89
Shein's Hong Kong IPO values it at $27bn, with Europe pivotal
Shein's Hong Kong IPO seeks up to $1.77bn at a valuation near $27bn, down from $100bn in 2022. Europe generates 35.4% of revenue, but new EU
US unveils 'economic D-Day' against Iran as oil markets brace
US Treasury Secretary Scott Bessent has declared an 'economic D-Day' against Iran, vowing to sever all financial lifelines. The measures, to
UK football clubs triple data analyst hiring since 2018
UK football club job postings have tripled since 2018, reaching 714 per million jobs in 2025. Data and analytics roles now account for 3.2%
Uzbekistan and Azerbaijan sign friendship treaty, target $1bn trade
The presidents of Uzbekistan and Azerbaijan signed a Treaty on Eternal Friendship in Tashkent, setting a $1bn trade target by 2030. They als