English

Indrabati Lahiri

Business

UK's Sizewell C nuclear plant in doubt as EDF told to focus on France

British nuclear project Sizewell C could be in jeopardy after EDF was asked by the French state auditor to reconsider committing to the power station - and instead focus more on domestic nuclear projects.

Economy

Spanish inflation rate confirmed at 2.8% as fuel costs surge

Increasing transport prices boosted Spain’s December inflation number, with rising culture and recreation prices also contributing to the figure.

Economy

French inflation holds steady in December as energy prices rebound

Rising energy prices boosted France's December inflation figure although falling service costs managed to offset the gain.

Business

Global electric vehicle sales surge as China demand boosts growth

While China and North America maintained their robust electric vehicle sales growth, European EV sales floundered, as Germany faces mounting political and economic changes.

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Business

Germany mulls sale of energy supplier Uniper to Canadian group

A potential bidder is Brookfield, the investment group run by Mark Carney, who was Bank of England governor between 2013 and 2020. Uniper has a range of UK assets that are seen as valuable for any would-be purchaser.

Economy

Spain calls for 100% tax charge on property bought by non-EU buyers

Spain is planning to bring in strict legislation for property purchases in an attempt to control the country's rapidly escalating housing crisis, which has left residents complaining of being unable to afford to buy or rent a property.

Business

Virgin Group speeds up train order to compete with Eurostar challenge

Virgin Group says it is close to placing a significant order for high-speed trains that is expected to shake up Eurostar's 30-year monopoly on the Channel Tunnel.

Business

California wildfire costs set to impact European reinsurance giants

The current California wildfires have caused billions of euros worth of losses to property and infrastructure. European reinsurance companies may also be affected.

Business

Why are nuclear energy companies racing to make microreactors?

Nuclear energy has made significant progress in the last few years with many countries on the hunt for alternative sources of renewable energy to achieve their green goals.

Economy

UK inflation highest among G7 countries as energy costs raise prices

The UK has continued to have one of the highest inflation rates in the G7, mainly driven by rising energy prices and ongoing supply chain issues.

Economy

Spiralling housing costs hit jobs as employers struggle to find staff

Surging housing prices have led to several employees leaving capital cities, and as consequence, many employers have introduced staff housing benefits in order to attract and retain staff.

Business

Northvolt AB owners vote for operations to continue amid cash concerns

Northvolt AB has signalled that its battery production operations will continue as normal, while the company ramps up efforts to find new sources of funds under the US Chapter 11 restructuring process.

Economy

Factory activity levels slump in Germany - winter recession pending?

A winter recession could be on the cards for Germany as factory activity levels slumped in November, according to data released on Wednesday by the Federal Statistical Office.

Business

Rolls-Royce Motor Cars announces major UK investment after record year

British automaker Roll-Royce Motor Cars has said that it would be ramping up investment in its Goodwood manufacturing location, in an attempt to strengthen its commitment to the UK.

Business

Shell cuts LNG outlook, with more write-offs due for 2024 year end

Oil and gas giant Shell has reduced its estimates for liquefied natural gas (LNG) production for the last quarter of 2024, with significant well write-offs for upstream exploration and integrated gas also expected.

Business

Mercedes-Benz may cut back on profit outlook as car market slows

The German car manufacturer Mercedes-Benz continues to struggle with a lacklustre auto market and weakening demand.

Economy

Euro area sees stable results for November jobless figures

While Spain and France saw some of the highest unemployment rates in November, Germany recorded the fewest number of people without jobs.

Economy

UK drives forward as biggest European electric vehicle market

Although the UK experienced record electric vehicle sales in 2024, this also came at a considerable cost, in the form of steep manufacturer discounts.

Business

Major London insurer shuns LSE listing in favour of New York

Aspen Insurance has became the latest company to choose to list on the New York Stock Exchange instead of the London Stock Exchange, mainly because of higher valuations and less rigid listing requirements in the US.

Business

Chinese EV giant BYD beats domestic players to hit record 2024 sales

Electric vehicle company BYD has announced record sales for the last year, boosted by rising Chinese demand, as well as government trade-in deals.

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