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Indrabati Lahiri

Business

Renault tops expectations as new model demand boosts sales

The French car manufacturer, Renault, experienced a better-than-expected revenue performance in the third quarter of the year, as demand for new models soared, leading to increased sales.

24 October 2024

Business

Italian bank plans huge job cuts as it looks to AI and digitalisation

Intesa Sanpaolo is to cut thousands of jobs and focus on a more resilient business model including more use of artificial intelligence and digitalisation.

24 October 2024

Business

Mercedes-Benz seeks to plug gap with own battery recycling factory

Mercedes is opening its own battery recycling plant in southern Germany, in an attempt to recover raw materials such as nickel, cobalt and lithium.

23 October 2024

Business

Deutsche Bank ordered to pay out over Postbank takeover

The higher court in Cologne has ordered Deutsche Bank to pay further compensation to Postbank investors who claimed that the bank underpaid them when it took over the German retail bank in 2010.

23 October 2024

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Economy

EU new car registrations for September stay on downward trend

EU new car registrations in September were mainly dampened by poor figures from France, Italy and Germany. Once again, Spain bucked the trend.

23 October 2024

Business

Paddington producer hoping for tasty result with listing on LSE

The producer of the Paddington Bear franchise Canal+, the pay-TV broadcaster owned by French media company Vivendi, is planning to list on the London Stock Exchange.

22 October 2024

Business

AIB bucks the online trend with plans to invest in branch upgrades

AIB, one of the largest Irish banks, is planning a multi-million euro refit of its branches as it seeks to reiterate its commitment to maintaining its strong branch network in Ireland.

22 October 2024

Business

BHP faces multi-billion UK lawsuit over 2015 Brazil dam collapse

Mining company BHP is being sued for billions of euros by victims of a dam collapse in Brazil back in 2015. This lawsuit will be one of the biggest of its kind in English legal history.

21 October 2024

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.

21 October 2024

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.

12 October 2024

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.

12 October 2024

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.

11 October 2024

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.

10 October 2024

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.

10 October 2024

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.

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