Business & Markets
Eurozone, banking, industry and the companies doing the work of the European economy.
US debt tops $40 trillion as Treasury doubles bond buybacks to calm markets
The US national debt has crossed $40 trillion for the first time. The Treasury doubled its bond buyback operations to calm a jittery market.
Russia's fuel crisis deepens as Ukrainian strikes cripple refineries
Petrol is now available at fewer than three in ten Russian filling stations. Ukrainian drone strikes have crippled refineries, prompting rat
Oil prices climb as US debt buyback plan lifts global markets
Brent crude rose to $91.90 a barrel as the US-Iran standoff keeps supply concerns elevated. Global shares rallied after the US Treasury anno
Stellantis recalls nearly 1 million vehicles over rearview camera software flaw
Stellantis is recalling nearly 955,000 vehicles globally after a software glitch disabled rearview camera displays. The recall, its third ma
Unitree's robot dancing videos fuel 600% surge on Shanghai debut
Unitree Robotics, known for dancing and backflipping humanoid robots, saw shares surge more than 600% on its Shanghai debut. Retail investor
Russians withdraw billions as fears grow over Kremlin seizure of savings
Russians have withdrawn around €24.4 billion from banks in the first seven months of the year. Fears of state seizure of private deposits an
UK inflation climbs to 2.9% as energy price cap jumps 13%
UK inflation rose to 2.9% in July, up from 2.6% in June, as the energy price cap jumped 13%. Services inflation, including rents and insuran
Cascais street tops Portugal's luxury home price ranking
Rua das Faias in Cascais has the highest median asking price in Portugal at €4.35 million. Lisbon misses the top 10 but holds 40.6% of homes
War and heatwaves set to push bread and pasta prices higher
Global food prices are expected to rise 11.8% in 2026, with wheat hardest hit. Europe's heatwaves and the wars in Ukraine and the Middle Eas
UniCredit's path to Commerzbank control clears as Berlin softens stance
German officials are reportedly open to discussing the sale of the state's 12.7% Commerzbank stake to UniCredit. If completed, UniCredit wou
European bond yields soar as Iran tensions stoke inflation worries
French and German 10-year yields reached levels not seen in over a decade. Oil prices climbed above $90 a barrel as hopes for a quick Iran r
UK wage growth slows as Middle East conflict drives up living costs
UK wage growth slowed to 4.1% in the three months to June, as the Iran war drives up energy costs and inflation. Public sector pay rose 6.1%