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Eleanor Butler

Europe News

Up, up and away! Lufthansa secures EU nod to buy stake in ITA Airways

The European Union says that a merger between the two airlines will not breach antitrust rules.

Business

EU targets the likes of Temu and Shein with cheap goods crackdown

Cheap products from China are currently exempt from EU import duties, although FT sources say this could soon change.

Business

'Shrinkflation' stickers come into force in French supermarkets

The state is seeking to protect consumers and their wallets against deceptive packaging, although some retailers are critical.

Economy

Macron's party scraps jobless benefit reform ahead of election finale

The controversial reform spearheaded by Prime Minister Gabriel Attal has been put on ice following Sunday’s election result.

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Business

Brexit blooms: Plant firms call for action over border hold-ups

The UK’s Horticultural Trades Association and sister groups from across Europe warn that new border checks aren’t working.

Business

US government asks Boeing to plead guilty, say sources

Boeing may face a fine, three years of probation and independent safety audits. Even so, victims' families want a stronger punishment.

Economy

Saving or splurging: Where are young people most financially literate?

Knowing how to manage money is more important than ever, says the OECD, but nearly one in five students surveyed lacked basic proficiency.

Markets

Birkenstock's key shareholder to offload stock despite rosy forecast

US private equity firm L Catterton will still hold the biggest slice of the Birkenstock pie.

Business

Aer Lingus to meet with pilots as union prepares for weekend strike

The two parties are hoping to resolve a pay dispute that has already led to 270 flight cancellations.

Business

Aston Martin reveals new sports car inspired by racing star

Luxury British carmaker Aston Martin reveals its limited edition 'Valiant' model, saying it expects deliveries to start towards the end of the year.

Business

Stellantis threatens to stop UK car production over EV quotas

A senior employee says government rules amount to "punishment" as demand for electric vehicles fails to pick up.

Markets

Nvidia stock tumbles after stint as world’s most valuable company

The "AI darling" has recorded losses for three trading days in a row, waving goodbye to more than $500 billion in market value since last week's peak.

Business

How do you grow a unicorn? What Europe can do to support its start-ups

Europe is home to an impressive roster of business heavyweights including Deliveroo, Revolut, and Bolt. Even so, experts are concerned about an international innovation gap.

Economy

EU and China agree to negotiate on tariffs as EV row rumbles on

Officials from both sides finally agree to hold consultations, signalling progress could be made on finding a way to end the subsidy spat.

Business

Revolut in talks to sell close to €500 million of existing shares

The UK fintech firm, already one of Europe's most-valuable startups, is seeking to shore up shareholder liquidity without yet launching an IPO.

Business

Germany battery maker Varta seeking recharge as yearly targets lowered

The firm blames pessimistic outlook on reduced demand in the energy storage market.

Business

UK retailer Sainsbury’s to offload banking business to NatWest

The second biggest supermarket chain in the UK is selling its banking arm to focus on its core food business.

Economy

Krone rises as Norway holds firm over interest rate decision

Unlike its counterparts for Sweden, Switzerland and the euro zone, Norges Bank is holding back on interest rate cuts.

Economy

Thousands of UK-based millionaires set to move overseas

The UAE remains the world's leading millionaire magnet, while China and the UK are set to see mass exoduses.

Business

Ferrari's first electric car to cost at least half a million euros

Ferrari's first electric car will cost at least €500,000, a source familiar with the matter told Reuters.

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