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Business

Elon Musk's X adds banking service in 'everything app' push

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Business

Can a new global defence bank unlock £100bn for rearmament?

Nine countries have thrown their weight behind a new multilateral bank designed to bankroll Western rearmament, but the notable caution of Europe's largest military and economic powers raises the question of whether it can become the answer to defence funding.

Business

ECB tells banks to prepare for AI-powered cyber threats

The European Central Bank has given the eurozone's largest lenders until the end of October to explain how they will strengthen their cyber defences against increasingly capable AI systems.

Focus

2026 IsDB Annual Meetings explore regional integration and prosperity

In partnership with Azpromo

At the 2026 Islamic Development Bank Annual Meetings in Baku, leaders and policymakers explored how regional integration, investment and cooperation can support sustainable economic growth in an uncertain global environment.

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.

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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.

Business

Germany blocks UniCredit bid for Commerzbank but the share price soars

The federal government, which holds 12% of the shares, has rejected the Italian bank’s bid for the German lender, calling it aggressive and hostile. UniCredit soars on the stock market as the Frankfurt prosecutor investigates alleged market manipulation.

Partner content

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

Partner content presented by AIIB

After visiting 15 member economies, AIIB President Zou Jiayi heard a clear call to scale up impact. Highlighting projects that improve lives, she reaffirmed AIIB’s commitment to sustainable infrastructure, innovation, integrity and multilateral cooperation across Asia and beyond.

Business

Intesa launches bid for MPS, would become Europe's No 2 bank

Within 24 hours of Banco BPM’s merger bid, Intesa Sanpaolo launches a full public offer for Monte dei Paschi di Siena. If approved, the deal would create Europe’s second-largest banking group.

Business

France, Italy and Spain push to fix EU banking fragmentation

The call to create a voluntary cross-border framework for banks comes ahead of a major Commission report on sector competitiveness.

Russia

New Russian law allows bank employees to take down Ukrainian drones

Russia moves to arm bank staff with electronic warfare gear against Ukrainian drones, in a sign its military defences are struggling amid its all-out war against Ukraine, now in its fifth year.

Europe News

Euroviews. Mobilising private capital to scale digital infrastructure in Asia

In an opinion piece for Euronews, Hun Kim, Chief Partnerships Officer of the Asian Infrastructure Investment Bank, said multilateral development banks should work together to catalyse private investment and expand digital infrastructure access across Asia.

Business

Spain's Bizum heads to the high street to take on Visa and Mastercard

Spain's homegrown payment app is making its biggest move yet, bringing account-to-account payments to the physical till and raising the stakes for US card giants.

Business

Commerzbank axes 3,000 jobs as it battles UniCredit takeover bid

Commerzbank wants to cut a further 3,000 jobs and at the same time significantly increase its profit targets. The reorganisation is the bank's response to the takeover ambitions of the major Italian bank UniCredit.

Business

Greece moves to protect borrowers with consumer loans up to €100,000

The regulation will mainly concern unsecured consumer loans, as well as credit card debt.

Business

HSBC profits dip while UniCredit's rise in latest earnings reports

HSBC reported a slight contraction in profits while Italy's UniCredit surpassed market expectations as banking institutions navigate a complex landscape defined by geopolitical tensions.

Business

European bank profits rise amid markets rattled by Iran war

Three of Europe’s biggest banks delivered record or above-forecast profits on Wednesday. TotalEnergies posted strong earnings, while Mercedes-Benz turned more cautious as collapsing China sales and geopolitical uncertainty weighed on the outlook.