English

Indrabati Lahiri

Business

Heineken beer sales fall flat on poor weather and lower sales in China

The rainy conditions during the Euros football championship made for disappointing sales at a time when beer and general alcohol sales would be expected to show a rise.

Economy

How the World Bank is helping Bosnia and Herzegovina's economy

Bosnia and Herzegovina has achieved International Development Association (IDA) donor status in 2023, along with Armenia and Georgia, after three decades of being in need of funding itself.

Business

Italian energy giant Eni reveals oil and gas expansion plans

The company says it is continuing to expand its oil and gas projects in the Republic of Congo and Ivory Coast.

Business

Stellantis profit plunges as automakers face industry challenges

French-Italian-American automotive giant Stellantis released its first half 2024 earnings on Thursday, reporting a net profit of €5.6bn, which was 48% less than the first half of 2023. Net revenue for the first half of the year was €85bn, which was 14% less than the corresponding period last year.

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Business

TotalEnergies profit declines on reduced demand for refined products

TotalEnergies also announced a tie-up with a German renewable energy company RWE for OranjeWind, an offshore wind farm in the Netherlands.

Business

L’Occitane delists from Hong Kong exchange as luxury goods shine dulls

L'Occitane's attempts to revitalise growth have led to high operational costs, leading to further erosion of its share price and investor confidence.

Business

Mixed results for Europe's banks and their first half-year earnings

Deutsche Bank's profits were seen as moderate in the first half of 2024 but other major banks including BNP Paribas and Santander posted better-than-expected results.

Economy

Hungary cuts key interest rates and vows careful and patient approach

Hungary's interest rate cut comes after the European Central Bank (ECB) chose to leave interest rates unchanged last week at its July meeting.

Business

Air Antilles takes off again in relaunch following 2023 liquidation

Air Antilles is being relaunched under a new partnership between the French engineering company EDEIS group and the Collectivité de Saint-Martin.

Business

French defence company Thales sees orders soar to record levels

Thales and Airbus could also be considering merging their space divisions in order to create a stronger and more competitive pan-European business.

Economy

Apartment hunting: Where in Europe will it cost you the most?

While Serbia saw the biggest increase in apartment prices per square metre over the year, there is one country in Europe that still has the highest price per square metre, as well as the highest average income.

Business

Ryanair says summer fares will be lower as airline's profit slumps

Ryanair's first quarter results for the financial year 2025 results have revealed lower profits and a dampened summer fare guidance for shareholders.

Business

Champagne makers vote for smaller harvests as sales lose their fizz

Champagne producers have also come under pressure in recent weeks, following China's decision to impose tariffs on the import of luxury goods from the EU.

Economy

Producer prices in Germany decline due to lower energy costs

June’s fall was primarily due to the prices of energy, such as natural gas and electricity falling, as well as the costs of intermediate goods decreasing too.

Economy

US-China trade war fears hits Microsoft and Apple share price

The US has already imposed restrictions on Chinese companies such as Huawei, which prevents it from receiving semiconductor chips, as well as telecommunications equipment from US manufacturers.

Business

Volvo exceeds revenue expectations for Q2, but lowers sales forecast

The company is also continuing to invest heavily in the green transition and electric vehicles (EVs), despite concerns that EV demand in Europe may be tapering off now.

Economy

Corporate distress levels up in Germany but down in UK and France

Some of the most distressed sectors also continued to be retail, healthcare and property, especially burdened by the high cost of borrowing.

Business

Tiger Global set to take charge of Revolut's million-dollar share sale

Revolut saw record profit before tax for the full year 2023, further cementing its position as Britain's most valuable fintech.

Business

TotalEnergies to partner with SSE on new British EV charging company

French oil giant TotalEnergies has announced that it is partnering with SSE, a UK-based power company in order to launch an electric vehicle (EV) charging company called Source, which will operate in Britain and Ireland.

Business

Airbus imposes hiring freeze to cut costs as it fights Chinese rivals

Airbus which is fighting a wave of cheaper airliners from China has also reduced its forecasted deliveries for this year from 800 jets to 770 jets. It has also lowered its operating income targets.

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