English

Eleanor Butler

Business

Porsche to cut almost 2,000 jobs in Germany as EV demand declines

The carmaker blamed the job losses on lacklustre demand for electric vehicles and “challenging geopolitical and economic conditions”.

Business

Thyssenkrupp announces lower sales as shake-up plans proceed

Earnings increased despite weaker sales, thanks to the German firm’s efficiency drive. Meanwhile, Thyssenkrupp’s military-related units expect a boost from greater defence spending.

Business

Commerzbank to cut jobs and boost profits in bid to fend off UniCredit

The German bank is seeking to bolster its financial strength as Italy’s UniCredit vies for a takeover.

Business

Heineken shares climb as brewer announces strong profits and buyback

The Dutch brewer will buy back €1.5 billion of its shares over the next two years after recording better-than-expected revenue growth. Heineken nonetheless warned of "ongoing macro-economic challenges".

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Business

Northern Ireland hotel takes a punt on €1,200 cocktail – who’s buying?

The Merchant Hotel's new tipple has been described as a "masterpiece of Irish whiskey" - but is there a market at €1,200 a pop?

Business

DeepSeek and BYD partnership drives EV maker's shares to record high

Chinese firm BYD is rolling out an advanced self-driving system in all of its cars, labelled as "God's Eye".

Business

Italy’s UniCredit beats profit estimate as it continues takeover drive

The bank reported higher-than-expected profit but forecasts a modest revenue slowdown in the year ahead as net interest income falls.

Economy

Rents in Ireland could rise as Taoiseach suggests review of price cap

Leader Micheál Martin says investors require more stability to invest in housing, which could subsequently reduce shortages.

Economy

Chancellor hopeful Merz open to reform of Germany's debt brake

The CDU leader said that Germany may need to loosen its debt limit to finance defence spending, although other solutions should be prioritised.

Business

Sabadell Bank raises shareholder payout promise as BBVA eyes takeover

The Spanish lender aims to offer shareholders €3.3 billion, including more than €1bn in buybacks this year.

Business

Germans say no to Teslas as CEO Elon Musk voices support for far-right

Sales plummeted in Germany after the billionaire expressed his support for the far-right in the country. Sales of Tesla electric vehicles also fell in France and the UK last month.

Business

Santander announces buyback plan while CA also sees earnings rise

Spain's Santander has reported a record profit of €12.57bn and revealed plans for more share buybacks. France's Crédit Agricole, meanwhile, has recorded a rise in net income.

Business

Vodafone EU chief: Telecoms barriers can't just be blamed on Brussels

The EU is failing to support large telecoms firms, says one of Vodafone's senior directors, adding that Brussels isn't the prime target for blame.

Economy

Trump, tariffs and trade wars: Who are the US’ main trading partners?

President Donald Trump swept to victory in the US election on promises to 'Make America Great Again'. As the MAGA movement turns the US inwards, what could this mean for international trade?

Business

Commerzbank announces share buyback and record earnings

The update comes as the bank is fending off a takeover from Italy’s UniCredit.

Economy

Germany’s unemployment rate rises to highest level in almost a decade

A rise in the jobless rate is normal for this time of year, although the scale of the jump points to underlying economic weakness.

Economy

French inflation holds steady, raising hopes for further rate cuts

Inflation came in below the ECB’s 2% target, a spot of relief for French policymakers contending with budget deficit woes.

Economy

Irish state cuts AIB stake in further move towards privatisation

Ireland could entirely offload its stake in the lender this year after nationalising the bank more than a decade ago.

Business

Diageo rules out sale of Guinness brand and stake in Moët Hennessy

Media reports suggested Diageo was considering asset sales to boost growth, cashing in on high demand for Guinness.

Business

Jaguar Land Rover invests in custom paint services for luxury clients

Wealthy clients will be able to match their car's palette with their private jet or yacht colours, added the company statement.

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