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34 articles
Uber cuts 10% of global workforce in biggest layoffs since the pandemic
Uber is cutting 3,300 jobs worldwide as it strips out management layers and merges teams, saying the savings will fund growth in areas such as robotaxis.
Europe's most charitable countries: Where do people give the most?
Ireland and Romania are among Europe's most generous countries, according to a recent report measuring both the share of people who give and the proportion of their income they donate.
European government bond yields surge to 15-year highs as sell-off deepens
A global bond sell-off has hit European debt markets, reflecting concerns about inflation, budget deficits and government debt.
European gas prices spike above €70 amid renewed Middle East fighting
The benchmark Dutch TTF natural gas price rose above €70 per megawatt-hour on Monday, as renewed fighting between the US and Iran raised fresh concerns about further delays to LNG exports from the Persian Gulf.
Germany risks missing gas storage target as industry faces cold-winter threat
Germany will miss its November gas-storage target if injections continue at their current pace, the country’s storage association has warned.
'Grief, anger, rage': Former Nazi camp site becomes business park, sparking anger in Austria
Construction of a business park on part of a former Nazi concentration camp site has prompted calls for its surviving remains to be preserved.
Which European countries spend the most on education — and does it pay off?
Sweden spent 6.8% of GDP on education in 2023, compared with just below 3% in Romania.
Netherlands may not have enough gas for a harsh winter, Gasunie warns
The Netherlands will miss its winter gas-storage target, leaving it insufficiently prepared for an exceptionally harsh winter without additional measures, according to Dutch state-owned gas infrastructure company Gasunie.
Anthropic IPO: Five things to know before its Wall Street debut
The Claude developer is preparing for a potentially record-breaking initial public offering after rapid revenue growth, but its enormous losses and dispute with the Trump administration could concern investors.
Europe’s gas prices are surging. Who will be the first to pay more?
Europe could face its toughest winter gas season since 2022 as wholesale prices trade near their highest level in more than three years.
Shein launches IPO at a sharply lower valuation — and Europe is central to its success
Shein is seeking a valuation of up to approximately $27 billion (€23.1bn) in its September flotation on the Hong Kong Stock Exchange, far below its reported peak of $100 billion in 2022.
Five charts explaining America’s $40 trillion debt
The US debt crossed the $40 trillion threshold after adding $1 trillion in just five months.
Europe’s borrowing costs are rising. What does that mean for you?
Higher bond market yields are already affecting mortgage offers in some of Europe’s biggest economies, while governments face a slower but mounting increase in the cost of servicing debt.
War and heatwaves threaten to push bread and pasta prices higher
Global food prices are expected to increase by double digits in 2026 as Russia's escalating war in Ukraine worsens the impact of other food price shocks, according to Oxford Economics.
Ice cream economics: How long do you have to work for one scoop?
In an indicative comparison of prices in 10 European countries, The Debate found that affording a scoop of ice cream required the most working time in Greece — nearly three times as much as in Germany.
Apple shares fall despite record revenue as outlook disappoints
Apple’s iPhone revenue jumped by almost 22% in the three months to June, but its forecast for the current quarter fell short of analysts’ expectations.
Samsung profit jumps 1,814% as South Korean tech giants benefit from global AI boom
Operating profit at Samsung’s semiconductor division rose to more than 220 times its year-earlier level.
US Federal Reserve holds interest rates steady as three back hike
The Federal Reserve held its key interest rate steady on Wednesday despite persistently high inflation and an Iran war-driven surge in energy prices.
US Federal Reserve holds interest rates steady as three policymakers back hike
The Federal Reserve held its key interest rate steady on Wednesday despite persistently high inflation and an Iran war-driven surge in energy prices.
French wildfires affect 40,000 businesses as disruption spreads
Around 200,000 jobs are connected to businesses affected by the Gironde fires, while the region’s tourism industry and electricity network face mounting pressure.
French wildfires threaten defence sites and hit regional economy
The fires have forced evacuations and protective measures at strategically important aerospace and defence sites, while preventing thousands of businesses from operating normally.
Mercedes-Benz cuts sales forecast as profit rises despite China weakness
German premium carmaker Mercedes-Benz reported a 22% rise in second-quarter operating profit but cut its full-year car sales forecast due to weakness in China.
EU unveils banking reform plan to lift national barriers and unlock investment
In a bid to reduce fragmentation in the EU banking sector and meet companies’ growing investment needs, the European Commission has unveiled proposals aimed at making banks more competitive and potentially unlocking billions of euros for investment, but…
Germany's Delivery Hero backs €13 billion takeover by Uber
German food delivery giant Delivery Hero said it supports Uber's €13 billion takeover offer, which would significantly expand the US ride-hailing company's global food delivery network.
Food inflation is finally slowing. So why could your supermarket bill start rising again?
Food inflation in Europe is easing, but the recent oil and fertiliser shock could still push up supermarket prices with a delay of more than a year, while this summer's extreme weather is likely to be a bigger driver of eurozone food inflation next year than…
Why this summer's heatwaves could raise your supermarket bill next year
While food inflation has eased across the eurozone, economists say this summer's extreme heat is now a bigger threat to next year's supermarket prices than the recent Iran war, as damaged harvests could outweigh the fading impact of higher oil and fertiliser…
Europe's biggest company ASML lifts forecast, fuelling fresh hopes for the AI boom
Europe's biggest company by market capitalisation, ASML, continues to benefit from the AI boom after raising its full-year net sales forecast to between €43bn and €45bn.
China's economic growth hits slowest pace in more than three years
China's economy grew 4.3% year on year in the second quarter, its weakest pace since late 2022, as weak domestic demand and a prolonged property downturn outweighed strong exports, increasing pressure on Beijing to provide more economic support.
France shuts down nuclear reactors as heatwave intensifies
France's state-owned energy group EDF has temporarily shut down three nuclear reactors, while seven others could be operating at reduced power.
Volkswagen unveils four-year plan but lacks backing for overhaul with up to 100,000 job cuts
Volkswagen's proposed restructuring plan failed to win backing from the labour bloc on the company's supervisory board on Thursday, leaving uncertainty over additional job cuts and factory closures.
Volkswagen faces crunch talks over 100,000 job cuts and factory closures
German auto giant Volkswagen's management meets Thursday to discuss plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.
Oil spikes and European stock markets slide as Trump says Iran ceasefire over
Crude oil prices rose more than 6% to a two-week high after US President Donald Trump declared the interim accord to end the war with Iran "over", while fresh US military strikes renewed concerns about oil supplies through the Strait of Hormuz.
ECB tells Europe's biggest banks to prepare for AI-powered cyber threats
The European Central Bank has given the eurozone's largest lenders until the end of October to explain how they will strengthen their cyber defences against increasingly capable AI systems.
CMA CGM deploys world's largest LNG-powered container ship on Asia-Europe route
Europe is investing in ever larger, cleaner container ships at a time when maritime sovereignty and supply-chain resilience have become strategic priorities.