English

Indrabati Lahiri

Economy

UK exports of clothing and footwear to the EU strangled by red tape

A new study suggests that since Brexit complex regulations and red tape at the border have deterred clothing and footwear exports from the UK to Europe. However, beauty and health products, as well as gardening and DIY product exports remain robust.

Markets

London Stock Exchange urged to do more to hold onto retail traders

The UK stock market needs to improve investor communication and engagement in order to retain its individual traders, according to a report from online trade and investor provider CMC Markets.

Business

McDonald’s loses chicken Big Mac trademark battle with Irish rival

Irish rival Supermac has also complained of McDonald’s trademarking the name Supermac, despite not offering any food items of this name.

Economy

Germany announces €23 billion tax cuts to help inflation-hit household

The coalition government set aside week's of disagreement to agree the tax cuts package. However, the move has already seen a considerable backlash, with opposing political parties arguing that tax cuts will heap yet more pressure on Germany’s already strained budget.

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Economy

Swiftonomics: How Taylor Swift's tours boost the economy

Taylor Swift's tours usually drive a number of tourists to cities hosting concerts, boosting hotel prices especially.

Business

One of Europe's largest travel operators files for insolvency

Thousands of travellers are likely to be affected as a number of package holidays are cancelled or cut short.

Economy

Flicker of optimism for Europe's producers as energy prices see a fall

Higher energy prices over the past few months because of the Russia-Ukraine war have been costly for European factories and manufacturers.

Economy

Savvy earners: UK kids take on side hustles as cost of living soars

Some children are getting surprise one-off rewards for doing well at school while others are finding other ways to make extra pocket money.

Economy

Airline bosses hit back as Europe seeks soft landing over net zero

Airlines believe it is unfair of Europe to deprive other economies of the benefits they have enjoyed for decades because of the renewable transition.

Economy

Germany's jobless total climbs, staying close to 3-year highs

Businesses in Germany are struggling with the cost of rehiring staff post-pandemic, with profit margins still hit by low revenues, higher inflation, interest rates, and a continuing high cost of living.

Economy

Deutsche Bank revises eurozone GDP outlook for the year

The German economy is doing better than expected, while the UK economy is also going through a cyclical recovery.

Business

Green light for Orange customers with free switch to 5G for Paris 2024

The Paris Olympics will be the first to use 5G extensively, for better quality video-coverage as well as a more immersive experience for spectators.

Business

Shein about to file £50 billion London IPO prospectus, reports say

The IPO would be a huge boost for the UK stock exchange, which has recently seen an increasing number of companies listing in the US.

Economy

What is a financial influencer and how do we know we can trust them?

About one third of Gen Zers now turn to social media and financial influencers for money tips, according to Intuit Credit Karma. However, this also comes with regulatory challenges for those sharing them.

Economy

Would you be revved up if you were offered an EV car with a new job?

A number of employers are offering electric vehicle (EV) salary sacrifice schemes, to try and attract employees looking for green benefits.

Business

STMicroelectronics gets €2 billion grant as EU ramps up chipmaking

The move is the latest step in the EU’s strategy to boost chip manufacturing on the continent and reduce reliance on China.

Business

BHP drops Anglo American takeover bid as shareholder support ebbs

BHP's bids have been called "unattractive" by Anglo American, who has said that they expose its shareholders to undue risk and uncertainty.

Business

Chinese EV makers planning quiet takeover of the European market

Chinese EVs have a competitive edge when it comes to their European counterparts because they cost less and offer more features as standard.

Economy

Eurozone unemployment plunges to record low of 6.4% in April

Falling unemployment could point to a brightening European outlook, with the Euro Area economic sentiment improving as well.

Economy

WEF: Economic outlook improves for 2024, but geopolitical woes remain

Although the United States and Asia are expected to see decent growth, European prospects remain bleak.

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