English

Eleanor Butler

Business

Hugo Boss joins firms hit by luxury spending depression

The German fashion house has cut its yearly sales guidance due to weaker demand in China.

Business

Burberry boss ousted after profit warning issued amid luxury slowdown

The British fashion house says its quarterly performance is "disappointing" and warns it will miss annual profit forecasts.

Economy

Portugal celebrates mythical beasts and heroes with Ulysses coin

The Bank of Portugal pays tribute to the mythical founder of Lisbon with a €5 collector coin.

Business

Unilever to axe a third of European office jobs as part of growth plan

As many as 3,200 roles will be cut in Europe by the end of 2025.

ADVERTISEMENT

Business

Discussions under way to split owner of Politico and Business Insider

The media conglomerate currently owns German publications Bild and Die Welt, along with US sites Business Insider and Politico. The company also unsuccessfully tried to buy the Financial Times in 2015.

Economy

The world is getting richer, but who is benefiting the most?

Financial markets rallied last year after a dip in 2022, boosting global net wealth by more than 4%. Growth in Western Europe was slightly more subdued in terms of financial wealth.

Business

Pilots union calls off industrial action at Aer Lingus

The Irish Airline Pilots Association (IALPA) has endorsed a pay recommendation proposed by the Labour Court.

Economy

UK economy receives surprise boost after month of zero growth

May's output was lifted by an uptick in the services sector as sunshine boosted consumer spending.

Economy

Moody's sounds the alarm over France's post-election debt outlook

A hung parliament could jeopardise the country's ability to reduce its debt burden, warns the ratings agency.

Business

Dyson prepares to axe more than a quarter of its UK workforce

The technology firm is cutting UK jobs as part of a worldwide push to downsize and remain competitive.

Economy

The search for lost change: Belgians urged to empty their pockets

Putting forgotten coins back into circulation can cut government expenditure, as well as helping the environment, Belgians are told.

Business

Carlsberg taps into Gen-Z's sweet tooth with Britvic buy

The Danish brewer's offer to build a UK beverage powerhouse has finally been accepted after two failed bids.

Economy

French stocks volatile after far-left surprise election success

Share prices churn in France after uncertainty hangs over the country's political future although bonds remain relatively steady.

Business

French election shock sparks euro slip after victory for the left

An unexpected victory for the leftist New Popular Front causes the euro to fall as markets fear a radical spending spree.

Europe News

'New Popular Front is ready to govern,' says victorious Mélenchon

Mélenchon addresses the nation after what he dubbed an "impossible" election victory.

France

Could France’s legislative elections spark Macron’s resignation?

Political wrangling could be on the horizon if the French president is pushed to appoint a PM from a rival party. But what could this mean for this job?

Business

Shell takes billion dollar hit as it pauses building of biofuels plant

The firm reveals a write-down mainly associated with it's Rotterdam and Singapore plants and says that trading in its core gas division will decline on the quarter.

Business

Airbus wins multi-billion satellite deal with German military

The German army has granted Airbus a contract worth €2.1 billion for next-generation SatcomBw 3 military communications satellites, the European aerospace firm said on Thursday.

Economy

Rise in older people in Germany reliant on social security benefits

Pensioners in Germany are subject to "degrading poverty," says politician Sahra Wagenknecht. Others say changes to the pension system are behind the rise in claimants.

Economy

Price of constructing apartments sky-high in these European cities

A new Irish report compares the cost of building the same apartment in ten European cities.

ADVERTISEMENT