English

Indrabati Lahiri

Markets

New to investing? Here's where to start with a portfolio manager

Euronews Business looks at how to select a good investment portfolio manager, why you need one in the first place, and how to tell if it's time to part ways.

Business

Porsche sales plunge as Chinese competition heats up

German automaker Porsche has experienced dropping sales as competition in China continues to rise, with demand for some of its key electric models falling as well.

Economy

Can't afford a house in the UK - how about an island instead?

Euronews Business looks at which islands around the world could cost you less than the average UK house.

Business

US private equity firm set to win Sanofi's consumer health division

The proposed offer from Clayton, Dubilier & Rice (CD&R) would mean the sale of a 50% stake in Opella, which makes over-the-counter medicine such as Doliprane and Allegra.

ADVERTISEMENT

Business

Unilever sells Russian business as it becomes latest country to leave

Unilever has said that it has divested its Russian business as it leaves the country more than two-and-a-half years into the Russia-Ukraine war. The company has already stayed in Russia much longer than several of its peers.

Business

GSK shares leap after drug firm settles US Zantac cancer claim lawsuit

GSK has always refuted claims that its discontinued heartburn drug had cancer-causing risks, arguing that expert testimonies were not reliable.

Business

Rio Tinto takes big battery metal step with Arcadium Lithium purchase

The purchase is seen as an attempt to boost its lithium portfolio and strengthen its position as the transition towards green energy continues.

Business

BP bows to investor pressure as it abandons plans to cut oil output

BP has been facing increasing pressure from investors and stakeholders to cut down its green ambitions and to stay within the more profitable fossil fuels sector. Environmental groups are angry.

Business

China goes for the slow burn with anti-dumping brandy levy for Europe

China is imposing more restrictions for Europe with its anti-dumping measures for imports of European brandy. This is particularly hard hitting for brands such as Hennessy and Rémy Martin.

Business

Alstom gets order from French company Proxima for 12 high-speed trains

French railway manufacturing company Alstom has bagged an order for 12 high-speed trains from newly-established company Proxima. It has also received an investment of SEK 3.3m (€0.29m) to test out new artificial intelligence technology to reduce railway wildlife accidents.

Economy

France’s new PM Barnier confirms tax hikes for larger companies

Michel Barnier, France's new prime minister, has confirmed that taxes for bigger companies and richer citizens will be raised, in an attempt to plug the growing hole in the country's public finances.

Economy

France sells €12bn worth of bonds in last auction before budget

France finished its last bond offering worth €12bn on Thursday, as the country waits for Michel Barnier, the new prime minister, to announce the budget for 2025. It's expected to focus on plans to reduce France's deficit and boost investor confidence.

Business

LVMH becomes major sponsor of Formula 1 with new 10-year deal unveiled

LVMH has signed a 10-year global partnership with Formula One, with brands such as Louis Vuitton and Tag Heuer involved. The iconic watch manufacturer Rolex is ending a partnership with Formula One, which has been ongoing since 2013.

Business

Nike holds off guidance and investor day to allow CEO to find his feet

Nike is holding off giving guidance and has postponed investor day as it tries to give incoming CEO Elliott Hill a chance to review current strategies and plan future ones.

Business

Coca-Cola loses its fizz with plan to axe hundreds of jobs in Germany

Coca-Cola is to shut down five production and logistics sites in Germany, in an attempt to cut costs and adapt to changing logistics trends.

Economy

Eurozone inflation drops in September, falling below ECB's target

The drop below the target of 2% was mainly due to falling energy prices. However, the European economy may still not be out of the woods.

Business

Mulberry rejects takeover bid from Mike Ashley's Frasers Group

Mulberry has recently rejected a takeover proposal from Mike Ashley's Frasers Group as too low. It insists that its own fundraising measures will be enough to stabilise the company.

Economy

German inflation plunges to over three-year low as energy prices wane

German inflation fell for the second month in a row in September, as energy prices pulled back. However, food prices rose at a faster pace.

Business

Italy's Stellantis becomes latest car giant to issue profit warning

The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers and the United Auto Workers union after a dismal first-half financial performance.

Economy

How Russia uses Kyrgyzstan to continue doing business with Europe

Euronews Business investigates how Russia is using Kyrgyzstan as a key third-party country to maintain trade relations with a variety of European nations.

ADVERTISEMENT