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Business
Why Musk wants to merge Tesla and SpaceX before Trump leaves office
Elon Musk has opened the door to merging Tesla and SpaceX into a $3.5 trillion (€3.1tn) giant, the latest step in years of folding his companies into one another, with a deal reportedly aimed at closing before US President Donald Trump leaves the White House.
Europe News
EU should revive talks on broader China trade deal, top MEP says
As EU lawmakers prepare to visit Beijing, the European Parliament's trade chief is calling for a broader agreement that could revive elements of a frozen investment pact and address unfair Chinese trade practices across multiple industries.
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.
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
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.
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.
Europe News
5 things to know ahead of crunch EU-China talks
The next ten days will be critical for EU-China relations. EU Trade Commissioner Maroš Šefčovič will travel to Beijing later this week for high-level talks aimed at rebalancing the trade relationship and securing “tangible” results ahead of next week’s meeting of EU leaders.
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.
Business
Anthropic IPO filing warns AI may pose 'existential risks to humanity'
Anthropic has devoted almost a third of its IPO prospectus to risk factors, warning that its AI may pose "existential risks to humanity", while the filing also reveals a $42 billion (€36.9bn) net loss last year and a heavy reliance on just two customers.
Business
TotalEnergies raises buybacks to $2.5bn and promises higher dividends
TotalEnergies will buy back $2.5 billion (€2.2bn) of its own shares in the fourth quarter, up from $1.5 billion (€1.3bn) authorised for the third, and raise its dividend by more than 5% a year through 2030, as high oil prices boost the French energy giant’s earnings.
Turkey
Turkey’s fund probe: Asset freezes lifted as AKP deputy chair quits
Turkish prosecutors have lifted asset restrictions on 45 companies and 19 funds amid an investment fund crisis affecting more than 450,000 investors. The decision comes after a deputy chair of President Recep Tayyip Erdoğan’s ruling party resigned amid allegations about her share trading.
Business
UK major banks make first interbank payments with tokenised deposits
Britain's largest banks have completed what the industry describes as the first transactions anywhere using tokenised deposits to move money between one another, a milestone for a blockchain-based form of bank money that the Bank of England favours over privately issued stablecoins.
Business
Turkey arrests Tera chairman as $18bn fund scandal widens
Turkish authorities arrested the chairman of Tera Yatirim Menkul Degerler AS on Wednesday morning, the brokerage at the centre of the country's current investment fund scandal, with funds worth more than $18 billion (€15.7bn) and held by over 450,000 people now being liquidated.
Business
ECB calls for tougher EU crypto rules and curbs on dollar stablecoins
Europe's central banks want the EU's crypto rules tightened, calling for a wider ban on interest payments on stablecoins, new powers to curb tokens pegged to foreign currencies such as the US dollar, and EU-level supervision of crypto firms.
Business
Revolut considers dual New York and London listing for IPO
Revolut is considering listing simultaneously in New York and London when it eventually goes public, its founder has stated, a plan that would keep the fintech partly at home while giving it access to the deeper American market it has long preferred.
Economy
Bank of England holds rates at 3.75% as inflation hits five-month high
The Bank of England has kept its main interest rate at 3.75%, but three of its nine policymakers voted to raise it, exposing a divided committee as the energy shock from the Iran war pushes inflation to a five-month high of 3.1%.
Economy
Fed hikes rates for the first time since 2023 in unanimous vote
The Federal Reserve has raised its benchmark interest rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023, in a unanimous 12-0 vote that puts Chair Kevin Warsh directly at odds with the US president who appointed him.
Europe News
Canada invited to become first 'associate member' of the EU
The status announced by von der Leyen during the State of the Union is an entirely new one, with details yet to be made clear. The European Commission’s President also proposed a new alliance with Ottawa covering tech, critical raw materials, energy and defence.
Europe News
EU trade chief to visit Manila to finalise Philippines trade deal
Manila and Brussels have already completed six rounds of talks aimed at reducing trade barriers across a broad range of sectors. The agreement would represent another step in Brussels’ efforts to diversify its trade relationships throughout the Asia-Pacific region.
Economy
Oil surges past $108 after Hormuz attack and Saudi pipeline shutdown
Brent crude climbed above $108 a barrel on Monday morning after a merchant vessel was struck in the Strait of Hormuz, killing one crew member, and Saudi Arabia shut its main pipeline bypassing the waterway, renewing fears that Middle East supply routes are closing.
Business
Trump concedes on ethics rules as major US crypto bill nears vote
US President Donald Trump has accepted ethics restrictions he had long resisted, removing the final obstacle to the CLARITY Act, the most significant crypto legislation ever attempted in the US, which now faces a decisive Senate vote on Tuesday.
Europe News
French blockade looms over EU plan to speed up trade deals in English
Eager to unlock new markets for EU businesses, the European Commission plans to accelerate trade deal ratification by circulating only English versions for approval by EU governments and the European Parliament – but sources told Euronews that Paris is set to oppose the move if it goes ahead.
Economy
US inflation holds at 3.4% as monthly price rises hit fastest pace since May
US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign the energy shock is starting to bite four days before a Federal Reserve decision markets expect will deliver a rate hike.
Economy
Oil surges past $100 a barrel again as US-Iran clashes intensify
Brent crude has shot up to above $100 a barrel after US forces destroyed five Iranian tankers and Tehran responded with missile strikes on Jordan, the latest escalation in the conflict that has kept the Strait of Hormuz largely shut since February.
Economy
An ECB rate hike is all but certain, the reasoning less so
The European Central Bank is all but certain to raise interest rates on Thursday, with investors pricing the move at near-total probability, but the decision is more awkward than the numbers suggest as inflation is being driven almost entirely by energy with underlying pressures actually easing.
Europe News
European Parliament's report tightens investment conditions in the EU
The European Parliament’s rapporteurs on the proposed Industrial Accelerator Act are closing the EU market to Chinese investment in sectors where Beijing is dominant, going further than what the European Commission suggested.
Business
French start-up Mistral AI raises €3 billion in Samsung-led round
French artificial intelligence company Mistral AI has raised €3 billion in a round led by Samsung Electronics, nearly doubling its valuation to more than €21 billion in what the company says is the largest equity fundraising ever completed by a European technology firm.
Economy
China injects over €45 billion into state banks and insurers
China's finance ministry is leading a combined 360 billion yuan (€46.1bn) capital injection into eight state-owned banks and insurers, a coordinated effort to strengthen balance sheets strained by weak lending, low interest rates and government instructions to prop up the stock market.
Economy
Japan's 10-year yield hits 3% for first time since 1996 amid G20 talks
Japan's 10-year government bond yield touched 3% on Tuesday for the first time since 1996, part of a deepening global sovereign debt sell-off, while US Treasury Secretary Scott Bessent used the G20 finance meeting to press Tokyo for faster rate hikes.
Economy
Iran sanctions and tariffs shadow G20 finance talks in Asheville
Finance ministers and central bank governors from the world's largest economies meet in Asheville, North Carolina, on Monday and Tuesday, hosted by a US administration that is simultaneously pressing allies to help isolate Iran financially and imposing tariffs on several of them.
Economy
Warsh flags inflation concerns as he rejects Fed forward guidance
Federal Reserve Chair Kevin Warsh used his first Jackson Hole address on Friday to argue that financial conditions are not restrictive and that underlying inflation has not meaningfully improved, a hawkish assessment that strengthens the case for a rate hike, while ruling out forward guidance.
Europe News
Von der Leyen turns up pressure on China over trade deficit
The European Commission's president said that the EU’s trade relationship with China had to be rebalanced, and pointed out that the bloc's trade defence investigations into Chinese products had ramped up significantly in recent years.
Europe News
Canada wants to get closer to the EU - but how far can it go?
In the midst of a trade war with the US, Canada’s Prime Minister Mark Carney will attend Ursula von der Leyen's State of the Union speech in Strasbourg on 16 September, with a summit between Ottawa and Brussels to follow. However, EU membership is not an option.
Business
Nvidia earnings preview: The report the entire market is waiting on
Nvidia will report its second-quarter results after the US market closes on Wednesday, with analysts expecting revenue of roughly $92 billion (€78.8bn) and investors treating the chipmaker's guidance as a verdict on whether the AI rally still has room to run.
Economy
US threatens Iran with 'economic D-Day' as markets await sanctions
US Treasury Secretary Scott Bessent has announced the launch of what he calls an 'economic D-Day' against Iran, describing the campaign as the single greatest financial offensive ever directed at an adversary, with further details due later on Monday.
Economy
US Treasury vows bigger buybacks after bond yields erased relief rally
Long-term US Treasury yields climbed back above where they stood before Wednesday's buyback announcement, wiping out the relief that move had briefly delivered, and prompting US Treasury Secretary Scott Bessent to signal that Washington is ready to intervene even more aggressively.
Economy
US debt tops $40 trillion as Treasury doubles bond buybacks
The US Treasury moved on Wednesday to calm a bond market rattled by surging borrowing costs, doubling the size of its debt buybacks hours before separate figures confirmed that the national debt had climbed past $40 trillion (€34.4tn) for the first time.
Business
BP returns to Venezuela as post-Maduro energy opening accelerates
Venezuela has awarded BP a licence to develop the offshore Loran gas field alongside state-backed partners from the UAE and Qatar, marking the British company's return to a country whose energy sector has been reopening to foreign investors since US forces captured Nicolás Maduro.
Business
What is Truth API? The $100,000 feed that has landed Trump a lawsuit
Two press organisations have asked a Manhattan federal court to shut down Truth API, the service launched this month that sells Wall Street firms faster access to US President Donald Trump's Truth Social posts for up to $100,000 a month.
Economy
US inflation eases to 3.4% in July as Fed's next call stays uncertain
US inflation eased for a second month in July, with consumer prices rising 3.4% from a year earlier, down from 3.5% in June, exactly as economists had forecast, a reading that hands neither side of a divided Federal Reserve fresh ammunition before next month's rate decision.
Europe Today
'Expect more action from the US after the Google fine,' Top MEP
German Socialist MEP Bernd Lange, the European Parliament's trade chief, told Euronews that he hopes the new US tariffs will be challenged in US courts and said that targeting the EU over forced labour was "crazy" given its stringent regulations.
Economy
ECB holds rates at 2.25% as reignited Iran war boosts inflation fears
The European Central Bank left interest rates unchanged on Thursday, pausing after June's first hike in three years as easing inflation bought policymakers time, while renewed fighting in the Middle East caused a new rise in energy prices, keeping another hike firmly on the table for autumn.
Economy
Oil producers race to build alternatives to Hormuz as oil hits $100
Gulf oil producers are spending billions of dollars on pipelines designed to route crude around the Strait of Hormuz, as Iran's grip on the waterway drags on causing oil prices to hit $100 a barrel for the first time since May.
Economy
Eurozone inflation at 2.8%: Will it be enough for the ECB to pause?
Eurozone inflation was confirmed at 2.8% for June on Friday, marking the first decline this year and giving the European Central Bank a timely argument to keep its deposit facility rate unchanged at 2.25% when it meets this week.
Europe News
‘China’s model is flawed,' top MEP says
In an interview with Euronews, German liberal MEP Engin Eroglu, chair of the European Parliament’s delegation for relations with China, said the EU’s market of 450 million consumers gives the bloc leverage over Beijing and challenges China’s claim to global dominance.
Business
TSMC posts record profit and pledges $100bn to expand US manufacturing
Taiwan Semiconductor Manufacturing Company (TSMC) beat Wall Street expectations on Thursday with a record second-quarter net profit, up 77% from a year earlier, while pledging a further $100bn (€87.4bn) to expand its chipmaking capacity in the US.
Europe News
EU pushes US to exempt €150 billion worth of EU goods from duties
Brussels is seeking carve-outs from the 15 percent tariffs imposed by Washington on EU goods under the trade agreement reached in Scotland in 2025. The list, obtained by Euronews, includes iconic products such as Roquefort cheese, olive oil and wine.
Economy
ECB selects 36 payment providers for digital euro pilot
The European Central Bank (ECB) has selected 36 payment service providers to help test the digital euro in a year-long pilot from 2027, marking the latest milestone in the EU's effort to create a digital form of central bank money while reducing reliance on foreign payment networks.
Europe News
Brussels warns dialogue with China 'will not suffice'
EU trade enforcer Denis Redonnet told MEPs on Tuesday that the European Commission will act against cheap Chinese imports by adopting "unilateral" defence measures before the October deadline set by EU trade Commissioner Maroš Šefčovič to make progress in the negotiation with China.
Business
France and Spain meet in the most expensive World Cup semi-final ever
Tuesday's clash between France and Spain in Texas is not just a footballing spectacle, it is also, by market value, the costliest semi-final the World Cup has staged, with the two squads worth a combined $3.2 billion (€2.8bn).
Business
TSMC's June sales drive revenue surge of 68% ahead of earnings report
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 35.6% increase in revenue during the first-half of 2026, and of 68% in June, highlighting continued strong demand for AI chips ahead of the firm's full second-quarter earnings report later this week.
Economy
Global oil demand set for first annual drop since COVID, IEA says
Global oil consumption is on course to shrink this year for the first time since the COVID-19 pandemic, the International Energy Agency has said, as the war between the US and Iran throttled Gulf exports, though the IEA also noted supply increased in June.
Europe News
EU to probe Chinese Pekin duck imports as market-flooding row hots up
Trade negotiations launched last week between Brussels and Beijing could be disrupted by an EU investigation into Chinese Pekin duck producers, following a complaint by EU farmers that cheap imports of Chinese poultry are harming their industry.
Europe News
Commission to tighten EU market access as interference concerns rise
A draft document shows that the EU wants to allow the exclusion of foreign companies that pose security risks from its public procurement market, with particular worries about data transfers and weaponisation of the bloc's dependencies on tech and minerals.
Economy
OPEC+ agrees another modest output rise as oil prices continue to fall
Seven countries in the OPEC+ alliance agreed to lift their combined oil output by a modest 188,000 barrels per day in August, adding supply just as crude prices slide back to levels not seen since before the Iran war erupted.
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.
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 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".
Economy
The AI boom could trigger the next crash, central banks warn
The vast surge of investment in AI, which has powered global stock markets to record highs, risks ending in a financial bust, the Bank for International Settlements warns, as the build-up’s hidden costs begin to surface in company accounts and consumer prices alike.
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
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.
Economy
Warsh takes the helm: What to watch as the Fed weighs rate decision
The Federal Reserve opens a new chapter on Wednesday as Kevin Warsh chairs his first policy meeting. While interest rates are widely expected to remain unchanged, investors will be hunting for the first clues to how the US central bank's new leader intends to steer it.