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Car sales in Europe: Which brands are rising and falling?
Europe’s carmakers are grappling with tariffs and fierce competition amid the shift to EVs. As European Commission President Ursula von der Leyen prepares to meet industry leaders Friday to discuss the future of the auto sector, new sales and market share data reveal how the sector is reshaping.
Business
Porsche is leaving Frankfurt’s DAX index amid US tariff turmoil
The German luxury carmaker is set to leave the group of the 40 largest companies listed on the Frankfurt Stock Exchange, along with healthcare company Sartorius. Porsche CEO Oliver Blume is aiming for a speedy return to the leading index.
Business
MPS relaunches bid for Mediobanca takeover
Monte dei Paschi raises its offer for the acquisition of Mediobanca, adding €0.9 in cash per share and lowered the threshold for the validity of the takeover bid to 35%. The offer is now worth a total of €13.5 billion. Piazza Affari reacts with falls for both stocks.
Business
Chinese BYD triples its sales in Europe while Tesla is losing momentum
New EU car registrations jumped by 7.4% in July year-on-year. EV sales are increasing, but Tesla is losing momentum in the bloc as Chinese competitor BYD grows in popularity, tripling its sales in the first seven months.
Business
Taylor Swift is miles richer than her new fiancé. Here’s by how much
With a net worth almost twenty times greater than Travis Kelce’s, Taylor Swift will enter her marriage as the clear financial powerhouse. Her $1.6 billion (€1.4bn) fortune makes her one of the world’s wealthiest entertainers, dwarfing NFL star Kelce’s estimated $70 million (€60.4mn).
Business
Here's what to do if your money has been burned in the Spanish fires
Thousands of people in Spain have lost their homes and belongings to the wildfires that have ravaged much of the Iberian Peninsula. PM Pedro Sánchez has declared the burnt areas to be catastrophic. The Bank of Spain has drawn up a protocol on how to recover burnt money.
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.