English

Eleanor Butler

Business

Volkswagen set to close three German plants and cut thousands of jobs

Further talks are planned between Volkswagen and trade union leaders on Wednesday.

Economy

French lawmakers vote in favour of new tax on wealth of billionaires

A majority of lawmakers supported the proposition from the far-left LFI party, despite warnings from the incumbent government.

Business

Mercedes profit driven down as demand slows in Chinese market

The German automaker is pledging to cut costs through 'efficiency increases' after weak Chinese demand hits profits.

Business

Italy's Banca Progetto accused of lending to mafia

A court found that companies linked to the ‘ndrangheta mafia were able to access state-backed loans.

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Business

Hermès bags support from super-wealthy despite China slowdown

The French firm is outflanking rivals LVMH, Kering, and Burberry as demand for handbags remains strong.

Business

Germany and UK take aim with 'landmark' deal to make artillery guns

The new defence agreement will bring jobs to the UK as the Labour government seeks to build closer ties with European allies.

Business

Legalising online casinos? France places a bet on solving budget woes

Lifting the ban on online casino games will help to combat illegal sites, says the government. It could also bring in much-needed tax revenue.

Business

Disney looks for fairy-tale outcome as it names new chairman

As Disney appoints a new chairman, the struggle continues to find a suitable replacement for CEO Bob Iger. A successor must be named in 2026.

Business

Volkswagen faces hefty fine for mistreatment of UK customers

The UK's financial watchdog found Volkswagen had sometimes confiscated cars from vulnerable customers "without considering other options".

Business

Doliprane-maker Sanofi confirms exclusive talks with US firm CD&R

The American private equity firm has agreed to French government demands about protecting jobs and investment in France.

Economy

Can't wait to give up work? Why some people are not the retiring type

Ageing populations require a shake up of our pension systems, but fair and effective changes require an understanding of older workers.

Business

Boohoo boss to step down as online fashion retailer considers break-up

The online fashion retailer has seen revenue plummet as it faces competition from the likes of Shein and Temu.

Business

Volvo's earnings slip as freight and construction activity slows

The Swedish manufacturer saw a drop in vehicle sales and is predicting little growth for 2025.

Business

Sanofi unit bid: Group raises offer, pledging to save French jobs

The proposal from PAI Partners, challenging a US bidder, is the latest twist in a battle to win a 50% stake in Opella, the maker of France's best-selling drug.

Economy

ECB cuts rates again as inflation falls below target

The 25 basis point cut, expected by analysts, arrives against a backdrop of settling inflation and anaemic growth.

Business

Airbus to cut up to 2,500 jobs in defence and space unit

The European firm is suffering from disrupted supply chains, rapid changes in warfare, and increasing budget constraints.

Business

French minister says block to Sanofi deal is still 'on the table'

The potential sale of Opella, which produces Doliprane painkillers, is causing a headache in France.

Business

Swiss regulator orders UBS to strengthen emergency protocol

The bank must step up its risk management given the takeover of Credit Suisse, according to the regulator FINMA.

Economy

German firms struggle to secure loans as economic uncertainty persists

Hesitancy from German banks is at its highest level in seven years, according to the IFO.

Business

Gendered job listings: Are women turning away from 'masculine' roles?

Typically 'masculine' language in job adverts can discourage and disadvantage female applicants, according to German research body IAB.

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