Quirino Mealha
Business
What does Lufthansa gain from its TAP Air Portugal deal and when?
Lufthansa expects about €450 million a year in synergies from buying up to 49.9% of TAP Air Portugal for €1.2 billion, but Portugal’s continued control, lengthy regulatory reviews and the slow progress of its ITA Airways deal suggest the gains could take years to arrive.
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Economy
Fed’s Warsh hails economic resilience but sees ‘bumpy’ AI road ahead
US Federal Reserve Chairman Kevin Warsh said in Bangkok on Friday that the global economy has proved surprisingly resilient and called AI the most consequential change of his lifetime, but gave no hint on interest rates ahead of the Fed’s meeting this month.
Markets
Euro hits fresh lows against US dollar and British pound despite hikes
The euro slid this week to its weakest level against the US dollar since mid-May 2025 and the British pound since early June 2025, as an energy shock, France’s debt crisis and a resurgent US dollar outweigh two interest rate hikes by the European Central Bank.
Business
Anthropic revenue jumps 46% ahead of $2 trillion IPO bid
AI developer Anthropic grew its sales by about 46% to $16.8 billion (€15bn) last quarter and turned an adjusted profit, it told investors on Wednesday, weeks before a November stock market debut that could value it at up to $2 trillion (€1.79bn).
Business
ASML posts record sales and warns it can’t keep up with AI demand
Dutch equipment supplier ASML warned on Wednesday that its planned supply of machines will not fully meet customers’ AI-driven demand in 2027 and 2028, as it reported record quarterly sales of around €11.7 billion and lifted the lower end of its full-year sales forecast.
Business
Europe’s satellite sovereignty ambitions face EU funding test
Regulators, EU officials and Spanish satellite operator Sateliot gathered at the European Parliament on Tuesday to debate how spectrum and investment will shape Europe’s networks in orbit, with the EU’s 2021-2027 space funding cycle ending next year.
Business
French MPs push exit tax on crypto holdings above €800,000
French MPs want wealthy crypto investors who leave the country to pay tax on their paper gains, under an amendment backed in committee last week alongside fines of up to €10,000 for undeclared self-custody wallets, though every measure must be voted on again.
Economy
EU may need to cut winter gas demand by 7% as storage hits record low
The EU could have to curb gas consumption by 7% this winter, the Institute for Energy Economics and Financial Analysis warned on Friday, with stocks at their lowest for the time of year on record and the Iran war keeping prices high ahead of a full ban on Russian LNG imports from January 2027.
Economy
EU debt could hit €1 trillion by 2027, auditors warn
EU auditors said 3.8% of the bloc's spending last year breached funding rules, warning that borrowing could hit €1 trillion by 2027 and that the next long-term budget risks repeating the flaws of the COVID-era recovery fund, as the Commission defended its controls.
Business
Samsung flags 783% profit jump to record $80bn as AI chip boom surges
Samsung Electronics estimated on Thursday that its third-quarter operating profit jumped almost ninefold to a record 107.4 trillion won, or $80.2 billion, while sales at Taiwan's TSMC hit a quarterly record, as the AI boom keeps demand for chips strong.
Economy
IMF signals austerity is back as global public debt nears 100% of GDP
IMF chief Kristalina Georgieva has urged heavily indebted governments to tighten their belts and central banks to take a hawkish stance, signalling a return to austerity as the energy shock from the Iran war, record public debt and a credit-fuelled AI investment boom weigh on the global economy.
Business
UBS only European bank in AI adoption top 10 led by JPMorgan Chase
UBS is now the only European lender among the top 10 banks judged most advanced in adopting artificial intelligence, after HSBC dropped out of the top tier of the Evident AI Index, while JPMorgan Chase widened its lead and North American banks tightened their grip.
Economy
Trump defers tax on red-dyed diesel for truckers as fuel costs bite
US President Donald Trump has signed an executive order deferring tax payments on red-dyed diesel used on public roads, as near-record fuel prices linked to the Iran war weigh on the Republican Party weeks before the midterm elections.
Business
Moonshot AI eyes Hong Kong IPO in early 2027 after a $50bn valuation
Chinese AI start-up Moonshot AI is targeting for a Hong Kong listing in early 2027 after its valuation hit $50 billion (€44.6bn), while rival DeepSeek is raising between ¥80 billion (€10.6bn) and ¥100 billion (€13.3bn) in a round led by Tencent and CATL, fuelling bets on its own market debut.
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