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Business

Nvidia hits $4 trillion making it world’s most valuable company

Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after a two-year investor frenzy.

Business

Samsung expects profit to halve as tariffs and export curbs bite

The South Korean company’s second-quarter operating profit is expected to be less than half of what the company reported last year.

Business

France’s Capgemini to buy WNS for $3.3bn to improve AI offerings

The acquisition comes as Capgemini seeks to expand its AI operations, and WNS will also provide more access to the US market.

Markets

July's seasonal magic: European stocks' summer rally revealed

European stocks historically shine in July, with the EURO STOXX 50 and STOXX 600 averaging strong gains and 70% win rates. French banks like BNP and Credit Agricole, along with luxury giants, show standout seasonal strength.

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Business

Renault reports nearly €10 billion non-cash loss due to Nissan stake

The French carmaker said it would change the way it accounts for its stake in its long-term Japanese partner, based on Nissan’s share price.

Business

Nike expects US tariffs to cost it $1bn and warns of falling sales

The ailing US sportswear company reported falling revenues and income. Its fiscal guidance for the current quarter nonetheless gave investors a glimmer of hope, pushing the share price up around 10% in after-hours trading in the US.

Business

RTL to buy Sky Deutschland for €150mn in TV consolidation effort

Media conglomerate RTL will have the right to use the Sky brand in Germany, Austria, Switzerland, Luxembourg, Liechtenstein and South Tyrol.

Business

Airbus pledges higher dividends as it confirms financial guidance

The pan-European aerospace firm said it would increase shareholder returns and leave its 2025 financial targets unchanged in an attempt to reassure investors.

Business

French lender BPCE to buy Portugal's Novo Banco in major merger deal

Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which bought its stake in Novo Banco in 2017, is now offloading it.

Business

Wizz Air sees income hit by engine issues and grounded aircraft

CEO József Váradi said the airline had shown resilience in a context where “rare challenges” had become “recurrent”.

Business

Volvo Cars sales plunge 12% in May as tariff challenges continue

Rising tariff uncertainty and higher material prices, among other factors, has resulted in several European car companies to implement drastic cost-cutting measures.

Business

Antonio Filosa named new Stellantis CEO as tariff fears rumble on

Former CEO Carlos Tavares resigned in December after the firm issued a profit warning on slumping sales in the US and Europe.

Business

EasyJet loss widens but UK budget airline confirms its 2025 targets

EasyJet’s shares fell after the British airline reported higher losses than a year ago despite increased revenues and strong traffic.

Business

Ryanair faces turbulence as airfares decline while costs increase

The airline experienced a 7% drop in average fares for the past financial year, while operating costs such as staff expenses rose.

Business

Sony posts robust results as demand for music and games increases

Japanese technology and entertainment company Sony logged an 18% rise in profit for the fiscal year March ended 31 March as its music and video-game offerings experienced increased demand.

Business

Nissan to shed 20,000 jobs as Japanese automaker reports loss

Nissan is slashing about 15% of its global workforce, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended.

Business

Sixt shares plummet as firm remains unprofitable despite softer losses

The car rental and mobility firm also saw stagnating revenue in Germany, its home market.

Business

Munich Re reports wildfire losses but sticks with profit outlook

Germany’s reinsurance giant took a serious hit from the US wildfires, dragging down the company’s property and casualty reinsurance segments and almost halving Munich Re’s net earnings.

Business

Bayer shares soar as company records strong cancer drug demand

Bayer’s strong first quarter performance was mainly driven by its pharmaceuticals division, even as its crop-science branch lagged.

Business

UniCredit lifts outlook as it beats expectations with record profit

Italy’s second biggest lender posted its highest net profit ever for the first three months of 2025, the period that the bank called the ‘best quarter in history’ in its earnings report.