English

Indrabati Lahiri

Business

Eni launches supercomputer in bid to discover new oil and gas fields

With an estimated cost of over €100m, the supercomputer - known as the HPC6 - will be able to handle a number of artificial intelligence functions, as well as highly sophisticated calculations, with the help of nearly 14,000 graphics processing units (GPUs).

Business

BMW says luxury cars were sold to Russian buyers despite sanction

BMW Group has confirmed that it has sold more than 100 high-end cars to Russian buyers, despite EU sanctions being in place to halt the export of vehicles to Russia.

Economy

UK economy stagnates as concerns of recession increase

Revised figures show that the UK's economy registered zero growth between July and September as both the services and production sectors saw marked declines.

Economy

Spain set for sunny outlook within eurozone economy in 2025

The eurozone economy is set to grow 1.2% next year, up from 0.8% this year, according to S&P Global Ratings, mainly boosted by a good performance from Spain. However, underperformance in Germany is likely to cap gains.

ADVERTISEMENT

Economy

Christmas saving tips: How to celebrate without breaking the bank

Euronews Business explores savings and planning tips which can help reduce overspending on Christmas.

Business

Volkswagen talks over future of plants and jobs at a 'stalemate'

Workers at the car giant have been taking industrial action following VW's revelations about the possibility of closing German plants and axing thousands of jobs. Volkswagen is struggling with falling sales in Europe, high labour costs and excess capacity.

Business

Volkswagen majority stakeholder supports German factory closures

Car giant Volkswagen’s biggest owner, the Porsche-Piëch family, has said they are in favour of reducing the number of German plants, as a cost-cutting measure.

Economy

Central and Eastern European clean tech exports on track to triple

Poland, Bulgaria, Croatia and Romania are on track potentially to rapidly scale up their clean tech exports, which could go a long way in helping the EU meet its net zero 2050 target, as well as increase its global competitiveness.

Business

Chinese car maker BYD on track to beat Honda and Ford sales

BYD, one of the biggest Chinese electric vehicle (EV) producers, has seen higher sales figures through more car trade-ins in China, edging it closer to its 2024 sales target.

Business

Jaguar's all-electric models set for a higher-than-thought price surge

Jaguar Land Rover's chief executive officer (CEO), Adrian Mardell, has said more about how much the company's new electric models could cost.

Economy

Eurozone economy touches two-year high as households spend more

The Eurozone quarter-on-quarter GDP growth rate inched up in the third quarter of the year, boosted by increased government and household spending, as well as higher inventories.

Economy

UK average house prices for November hit a new record high

Northern Ireland continued to experience the strongest gains, mainly due to increasingly competitive mortgage rates.

Economy

Chinese car makers turn to hybrids to avoid EV tariffs from the EU

Following higher EU tariffs on Chinese electric vehicles, car makers such as BYD, SAIC and Geely have increased their hybrid exports to Europe, in an attempt to boost their European market share in this way.

Business

Strong US demand helps Watches of Switzerland clock up revenue

Although luxury watch revenues saw a slight dip, mainly because of one-time rises in showroom stocks, the company reported an increase in demand from the US.

Business

Italian deputy PM blames Agnelli family for Stellantis problems

Matteo Salvini, Italy's deputy prime minister and minister of infrastructure and transport, has criticised the Agnelli family over car maker Stellantis' problems, as the company continues to struggle with weaker sales and falling demand.

Business

Pershing Square Holdings to delist from Amsterdam after football riots

The hedge fund's decision to delist from Euronext Amsterdam and use the LSE alone comes after star trader Bill Ackman on X last month advocated delisting on moral, as well as financial, grounds following the antisemitic violence against Israeli football supporters at a match in Amsterdam.

Business

German AI company Helsing moves into attack drone market

Helsing's new strike drone launch comes as the company tries to capitalise on the growing interest in autonomous weapons, the effectiveness of which has been highlighted by the war between Russia and Ukraine.

Economy

Turkey inflation dips for sixth month in a row as utility prices drop

Turkish inflation eased for the sixth consecutive month in November. However, it was still higher than analysts expected, leading to concerns that Turkey's Central Bank might delay cutting interest rates.

Economy

Spain's manufacturing growth for November hit by Valencia flooding

Although manufacturing growth in Spain rose at a slower rate in November because of flooding, it was still above the key 50 level. Turkish manufacturing demand inched up but German and French figures failed to offer seasonal cheer.

Economy

German unemployment rises less than expected in November

The number of unemployed people rose far less than expected this month, reflecting a resilience in the German labour market, despite a surge in job cuts recently by major companies such as Volkswagen and Schaeffler.

ADVERTISEMENT