English

Indrabati Lahiri

Business

Volkswagen hits back at EU tariffs on Chinese electric vehicles

German auto manufacturers such as Volkswagen and BMW have increasingly warned about the potential adverse effects of EU tariffs on the European auto industry’s competitiveness down the line, as well as their own operations in China.

Business

The Body Shop’s French subsidiary takes a step closer to liquidation

Several other UK high street brands have also gone into administration recently, including Debenhams and Topshop, due to higher interest rates, the cost of living crisis and increasing inflation seen in the UK over the last several months.

Economy

UK investors 'not satisfied' with portfolio performance - says report

Many UK investors have been dissatisfied with their portfolio performances over the last year, according to new research by investment firm RAW Capital Partners.

Business

Germany halts the planned sale of VW's gas turbine business to China

This move, although made to protect Germany and the EU’s sensitive technology, has also raised concerns about Germany’s competitiveness in the international market.

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Economy

New report warns that the price of basic foods could soar by 2030

The price of olive oil and baked beans, among other basic products, could dramatically rise over the next few years, according to new research by the online shopping platform BravoVoucher.

Business

Return to sender: Royal Mail hits back over postal vote delay

Royal Mail comes in for criticism over delays in sending out ballot papers for UK postal voters. It says the "surprise" timing of the election is to blame.

Business

Air France set for €180 million hit as tourists avoid Paris Olympics

Tourists are being put off by the idea of large crowds and hotel price hikes expected in Paris during the 2024 Olympics.

Business

Revolut CEO hopeful that UK banking licence is coming soon

The fintech company saw record full-year pre-tax profits in 2023, and hopes that will help convince the UK authorities to grant it a banking licence.

Business

Sanofi eyes €1.3 billion investment in insulin drug plant in Germany

Other healthcare companies such as Daiichi Sankyo have also announced investments in Germany recently, in a positive sign for the ruling coalition government.

Economy

German inflation sees fall in June after May's surprise rise

The latest figure may reassure investors that Germany's inflation is still on a downward trend, despite May's surprise spike.

Economy

Prospects brighten as Turkey taken off money laundering 'grey list'

In a landmark move, Turkey has now been taken off the Financial Action Task Force (FATF)’s "grey list", a decision which is expected to go a long way in supporting the country's economic recovery.

Markets

The enduring popularity of gold: why does it never lose its shine?

Gold still has advantages such as being a credible inflation hedge, being rare and finite and having a relatively low correlation with other assets, according to gold investor and analyst Simon Popple.

Business

BP halts hiring new staff and puts break on renewable energy plans

BP has revealed that this move was mainly due to increasing discontent amongst investors about the company’s green transition strategy.

Economy

Belgian inflation soars to its highest level in 10 months at 3.74%

Italian producer prices also saw their slowest fall since April 2023, as European markets readjust after the price surges seen due to the Russia-Ukraine war.

Economy

French consumer sentiment takes a dip ahead of elections

Consumers worried during June about the future and their standard of living, with several expecting to be able to save less in the foreseeable future.

Economy

Germans downbeat about the prospects for an early economic recovery

Consumers in Germany are pessimistic and have revealed that they were likely to focus more on saving, and expected to make fewer large purchases in July.

Business

London Tunnels delivers blow to the City as it opts for Amsterdam IPO

The company is the latest in a string of high-profile names to turn its back on the London Stock Exchange, in favour of other exchanges in the US and elsewhere in Europe.

Economy

Spanish economy bucks European trend with signs of growth

There has been an increase in household spending, and most key sectors saw robust growth on the supply side.

Business

Apple Intelligence rules out 2024 EU launch over antitrust laws

The decision is due to the EU's Digital Markets Act which requires devices to be able to work across all platforms, including competing producers.

Economy

European financial markets 'too fragmented', warns S&P Global

Although growth in the Eurozone is back, geopolitical risks posed by the conflicts in Ukraine and the Middle East remain, along with tighter financial conditions and the reshaping of the political landscape across Europe.

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