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Unemployment in Spain at 2008 lows as foreign employment hits record

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Business

US Fed to make a decision on rate hike in four weeks, Warsh says

Business

Google ordered to pay Klarna €1.7 billion over search abuse

Tech News

'Bruising' film on OpenAI picked up by indie studio after Amazon snub

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Business

Trump made over €1 billion from crypto in first year back in office

US President Donald Trump earned roughly $1.2 billion (€1.05bn) from his family's cryptocurrency ventures during his first year back in the White House, according to a federal financial disclosure released on Tuesday, even as ordinary investors in the same tokens nursed heavy losses.

Europe in Motion

Where do graduates struggle the most to find a job?

Europe in Motion breaks down employment and unemployment data across Europe.

Business

EBRD backs young entrepreneurs as Uzbek small firms seek credit

The financing comes as small businesses account for more than half of Uzbekistan’s GDP, but many still lack the records, collateral and support needed for loans.

Business

Abivax rallies 36% as trial data ease safety fears over obefazimod

French biotech company Abivax said new clinical trial data supports the safety and effectiveness of its experimental ulcerative colitis treatment.

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Business

Scandinavian Airlines bets on recovery with €8.75bn Airbus jet order

Scandinavian airline SAS has placed the biggest order in its history, agreeing to buy up to 40 Airbus widebody jets in a deal worth more than $10 billion (€8.75bn), a striking show of confidence from a carrier that emerged from bankruptcy only two years ago.

Economy

Iran's inflation spiral deepens as rial slides and tensions rise

As Iran's rial falls to record lows amid escalating military tensions in the Persian Gulf, a sharp rise in inflation is pushing up the cost of basic necessities, with low-income households and rural communities bearing the brunt of the crisis.

Europe News

EU allocates steel quotas to trading partners to curb import surge

The new quotas will come into force on 1 July, with some preferential treatment agreed for partners bound by a trade agreement with the EU.

Business

The $5 billion AI export plan gathering momentum in Central Asia

Uzbekistan is aiming to move from outsourcing into higher-value services, using its young workforce, energy resources and digital infrastructure to attract investment.

Business

World Bank strengthens ties with Spain from Madrid

First vice-president and economy minister Carlos Cuerpo presents Spain as a key hub for multilateral institutions after the opening of the World Bank office.

Europe News

EU sets October deadline to get 'tangible' results with China

As EU Trade Commissioner Maroš Šefčovič met his Chinese counterpart Wang Wentao in Brussels on Monday, he said he would travel to China this autumn. Germany’s trade Minister Katherina Reiche also met Wentao, with her ministry calling on Beijing to ensure “a level playing field".

Business

Lucky Strike maker BAT to axe 5,500 jobs worldwide in €695m cost drive

British American Tobacco is cutting 5,500 jobs across the globe and handing thousands more roles to outside contractors, as the cigarette giant races to strip out costs and pivot towards vapes and nicotine pouches.

Earth News

Kazakhstan and UAE launch construction of €1.2bn wind farm

Kazakhstan and the United Arab Emirates have broken ground on a €1.2 billion wind farm in the Zhambyl region, marking one of Central Asia's largest renewable energy projects as the Kazakhstan accelerates its transition towards cleaner energy.

Europe News

Europe depends on China. Here's where China still depends on Europe

While Europe's dependence on China is widely recognized, China's reliance on the EU in key technologies is often overlooked. Despite its push for technological self-reliance, Beijing still depends on European capabilities in critical areas.

Business

Delivery drivers, unsung heroes who kept Qatar going during Iran war

As missiles threatened the Gulf and residents stayed indoors, delivery drivers kept delivering food and medicine across Doha, with many dubbing them heroes.

Business

Why Portugal is attracting the world's super-rich

In recent years, Portugal has seen a sharp rise in the number of ultra-wealthy residents, fuelled by property investment, international capital flows and the appeal of the Portuguese way of life.

Business

Crisis deepens: VW reportedly planning to cut up to 100,000 jobs

Volkswagen is reportedly preparing what could become the most radical overhaul in its history. Up to 100,000 jobs could be cut worldwide, while four German plants could close.

Business

What King Charles' historic tax disclosure reveals and what it hides

King Charles III has become the first reigning British monarch to make his personal tax bill public, lifting the lid on a slice of the royal finances that has stayed hidden for centuries, and confirming in the process that the sovereign ranks among the country's largest taxpayers.

Business

AI boom sends Xbox, Mac and iPad prices soaring

Microsoft and Apple are raising prices for Xbox consoles, Macs and iPads as the AI boom sends memory chip costs soaring, with prices increasing by up to $300 (about €265) and as much as 25%, depending on the product.

Business

From payments to lending: How digital finance is evolving

As digital payments become mainstream in Uzbekistan, banks are expanding into lending, insurance and investment products to meet rising consumer demand.

Business

Binance halts EU crypto services amid MiCA licence failure

The world's largest crypto exchange is pulling out of multiple EU markets after withdrawing its Greek licence application before a June 30 deadline.

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Business

Ferrari's marketing boss quits after backlash over first EV

The man who shaped Ferrari's image for more than a decade is leaving the company weeks after the troubled unveiling of its first electric car, with a former BMW executive drafted in to steady the brand.

Business

Micron posts record results as AI boom drives 15-fold jump in profit

The US chipmaker Micron Technology has reported quarterly revenue and profit far above Wall Street's expectations, as insatiable demand for the memory chips that power AI transformed the firm's fortunes.

Business

'OpenLux' uncovers new Luxembourg firms linked to wealthy Spaniards

The international investigation 'OpenLux' uncovers new companies linked to some of Spain's biggest fortunes, including Amancio Ortega's property holding firms worth over €10 billion.

Business

IMF to closely monitor China’s economic growth amid trade tensions

An accurate measurement of China's digital economy is a priority for other powers competing with Beijing in fast-developing technologies.

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Business

EU proposes tax overhaul to cut business costs by €8 billion a year

The reform would reduce the compliance burden for businesses and facilitate cross-border payments.

Business

Europe outlines priorities for investment in Central Asia

European officials and financial institutions attending the Tashkent International Investment Forum highlighted regulatory stability, project preparation and cross-border connectivity as essential conditions for future investment.

Business

Defence giant KNDS unveils IPO plans as valuation could top €15bn

The Franco-German manufacturer behind the Leopard and Leclerc battle tanks, KNDS, has officially announced its plans for an IPO, listing shares in Paris and Frankfurt within weeks, capitalising on Europe's race to rebuild its military capacity.

Tech News

Can Gulf banks use AI without losing control of customer data?

As banks in the Gulf explore new AI tools, the focus is increasingly shifting from what the technology can do to how it can be used responsibly.

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Business

New EU crypto rules could force hundreds of firms to exit the market

The EU's landmark MiCA crypto rules take full effect on 1 July. Yet by May, fewer than one in five of the bloc's 1,200-plus registered crypto firms had secured the licence needed to keep serving European clients.

Business

€2bn wasted? Germany scraps world’s largest frigate project

Rheinmetall shares fell sharply after Berlin scrapped its F126 frigate programme, a project that has already cost taxpayers around €2.3bn.

Business

Airbus under scrutiny as EASA orders A380 inspections over wing

The aviation giant is already battling supply chain problems and growing costs across its operations.

Economy

A decade after Brexit, Britain weighs costs and gains

Ten years to the day since Britain voted to leave the EU, the economic reckoning is neither the collapse its opponents feared nor the renaissance its champions promised, and the anniversary arrives with the country once again leaderless, after Sir Keir Starmer's resignation on Monday.

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Business

Digital euro expected to launch by 2029 after EU backing

The digital currency is expected to launch by 2029, in a push to bolster European autonomy in payments away from the dominance of the US dollar.

Markets

SpaceX sheds $600 billion in three days and turns to the bond market

SpaceX shares have fallen for a third straight session, sinking to their lowest level since the firm's market debut and wiping out most of the spectacular gains made after its IPO, just as it launches its first-ever bond sale.

Business

EU plans banking reform by early 2027 to unlock billions in investment

The European Commission is preparing reforms for the first quarter of 2027 aimed at breaking down barriers between national banking markets, increasing financing for businesses and strategic sectors, and reducing the bloc’s dependence on foreign banks.

Europe News

How China’s currency makes the EU's trade deficit worse

EU leaders last week pointed to the undervaluation of the yuan as a major factor in the EU’s record trade deficit with China, which Brussels is taking steps to address.

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Business

Capital markets union imperative to build euro, Lagarde says

In an increasingly unstable geopolitical landscape, the EU has no choice but to take control of its own money, head of ECB tells panel in Brussels.

Business

Death of Isak Andic: judge summons his inner circle to testify

The investigating judge has summoned as witnesses the therapist, the Mango founder's daughters, his partner, the company's chief executive and several hikers and Mossos d'Esquadra officers. She has also ordered a forensic reconstruction of the fatal fall in Montserrat.

Travel News

Greece tourism revenue and arrivals surge in early 2026

Greek tourism gathered significant momentum in the first four months of 2026, with travel revenues and arrivals far outstripping the same period of 2025.

Europe News

EU's phase-out of China-made inverters gets a reality check

As the EU plans to ban Chinese power inverters from EU-funded projects over cybersecurity fears, industry and investors are warning that European supply can't yet replace Chinese suppliers any time soon.

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Business

EasyJet rejects €5.9bn takeover offer from US private equity firm

British no-frills airline EasyJet has rejected three informal takeover proposals from a US private equity firm, the latest totalling nearly €5.9bn (£5 billion), the two sides revealed on Monday.

Business

Germany to take 40% stake in Leopard tank maker KNDS alongside France

Berlin is preparing to buy a 40% stake in KNDS, the Franco-German group behind the Leopard and Leclerc battle tanks, putting it alongside France as a state shareholder in one of Europe's most important defence firms.

Business

The Ray-Ban heir who wants to buy out his own family from the brand

An heir to the Ray-Ban fortune has gone public with a direct appeal to his family's holding company, urging it to support his multi-billion-euro plan to buy out two of his siblings just days before a decisive shareholder vote.

Business

Bank of Russia flags risks of faster inflation

Analysts and businesses had expected a sharper key rate cut, but inflationary risks are holding back monetary easing, which the Russian regulator gingerly links to the war.

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Charting the Path Forward: AIIB President Zou Jiayi on Sustainable Infrastructure in Asia and Beyond

Partner content presented by AIIB

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