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Economy

UK energy bills set to rise by 2%, fuelling inflation fears

Average UK households can expect a rise of around £2.93 (€3.40) a month in their energy bills, according to the UK energy regulator Ofgem, which sets the energy price cap for households and businesses.

Economy

Where in Europe are people most in favour of taxing the rich?

Nine out of ten people globally want to tax the super-rich to pay for climate action and public services, according to a recent survey. But where in Europe are people the most supportive of taxing the wealthy?

Markets

Nissan shares plummet more than 6% as Mercedes-Benz sells its stake

Nissan shares fell as German carmaker Mercedes-Benz, the second-biggest shareholder in the ailing Japanese carmaker, sold its stake.

Markets

Risk of French government collapse sends jitters through markets

Major European stock indexes opened lower on Tuesday, with the CAC 40 in Paris leading losses, following news that the French government may be ousted next month.

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Business

OnlyFans takes $7.2bn from subscribers in 2024 as adult site booms

The site, featuring content including porn, saw steady growth in its subscriptions as well as its revenue in 2024. The company also paid a hefty $701 million (€599mn) in dividends to the controlling owner, Ukrainian-American businessman Leonid Radvinsky.

Business

Ørsted sees shares plunge as US halts work on offshore wind farm

The world's biggest offshore wind farm developer Ørsted saw its shares dive into the double-digit losses as the company’s Revolution Wind project received a stop-work order from the US authorities. This comes at a testing moment for the company's finances.

Markets

Gloomy opening on the European markets after Friday rally in the US

Leading European stock indexes opened lower on Monday following a major rally on Friday across the US markets. UK trading remained closed for a bank holiday.

Business

AI robo-delivery-dogs hit the streets of Zurich in Just Eat pilot

The Dutch food delivery company has teamed up with Swiss firm RIVR to deploy autonomous robot dogs for food delivery, piloting the tech first in Zurich and later in other European cities.

Markets

Markets rally as Fed Chair Powell signals Fed may soon cut rates

'Shifting risk balance may warrant policy adjustment,' said Jerome Powell in Jackson Hole, at the central bankers' annual meeting, hinting that the Fed may soon cut rates, even as inflation risks remain.

Markets

European markets turn cautiously optimistic ahead of Powell speech

The majority of the main European stock markets slowly moved into positive territory after the opening bell. Investors remain cautious while watching for more news about the Ukraine peace talks and US monetary policy.

Economy

Eurozone business activity hits 15-month high in August

The eurozone's economy is gathering momentum as its latest business activity indicator, the flash composite PMI, increased in August, surpassing expectations. It was boosted by manufacturing, which expanded in the bloc for the first time since June 2022.

Business

Germany's Porsche is closing battery subsidiary Cellforce, reports say

According to German media reports, the sports car maker has decided to largely shut down its battery-making and research subsidiary Cellforce, cutting hundreds of jobs.

Business

BHP and Rio Tinto bosses lobby at White House for copper mine

Executives of two of the world’s biggest mining companies, BHP and Rio Tinto, have lobbied at the White House as part of their long-running bid to develop a vast copper mine in the US.

Economy

Watch Fed Chair Jerome Powell react to US President Donald Trump

The Federal Reserve Chair and the US President got into a disagreement over costs at a tour of the Fed’s office building renovation in Washington on Thursday.

Business

Hammered by US tariffs, Volkswagen’s profit drops sharply

Germany’s Volkswagen cut its financial guidance for 2025 after US tariffs took a €1.3 billion toll on its income in the first six months. But European sales and EVs appear to support future growth.

Business

Approved: Paramount's $8 billion deal with Skydance can go ahead

Federal regulators approve Paramount's $8 billion (€6.8 bn) deal with Skydance, capping months of turmoil.

Business

Losses and job cuts at Intel as chipmaker drops projects in Europe

Continued lay-offs and further spending cuts are part of the turnaround plan of the US-based chipmaker to save the company's future, as it has just reported further losses for the second quarter of the year.

Economy

The UK’s weak economic growth and Brexit: Is the worst over?

The UK’s decision to leave the European Union has left lasting impacts on the country’s economy. While many of the repercussions appear to be longstanding, including low productivity, Euronews Business asked experts whether they think the worst is over.

Economy

European Central Bank leaves key deposit rate unchanged at 2%

The European Central Bank kept its benchmark interest unchanged, in line with analyst estimates.

Business

Tesla sales and profits continue to drop, with no relief in sight

The fallout from Elon Musk's plunge into politics a year ago is still hammering his Tesla business as both sales and profits continued to drop sharply in the latest quarter.

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