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Indrabati Lahiri

Economy

Eurozone manufacturing sector hits six-month low on new order slowdown

Exports and employment were also slow, while input costs were on the rise, contributing further to declining output.

Markets

Future of North Sea oil drilling in doubt after Supreme Court ruling

The landmark ruling by the Supreme Court means that emissions from fossil fuels must now be considered when approving new drilling sites. Major oil and gas companies such as Shell have revealed that they are considering leaving the UK for the US, as UK environmental and taxation laws tighten.

Economy

What a taxing idea! Where in the world you find the strangest levies

From blueberries to piercings, junk food to baby name approval taxes, Euronews Business reflects on unusual tariffs from around the world.

Economy

Swiss central bank cuts interest rates for second time this year

The Swiss National Bank cut interest rates for a second time running in response to predictions of cooling inflation. The country’s key banking and financial services sector has been under pressure recently from the rising dominance of other financial hubs such as Hong Kong, Singapore and the US.

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Economy

German wholesale inflation continues to drop on energy price falls

Falling natural gas and electricity prices were the main contributors to May’s figure, as well as the declining cost of intermediate goods.

Business

Golden Goose postpones Milan IPO citing political turmoil in Europe

Luxury Italian trainer maker Golden Goose is famous for its A-list followers including Taylor Swift, Chris Hemsworth and Selena Gomez. But it has faced criticism for its high prices and its distressed-look trainers.

Economy

Swedish unemployment rate falls to three-month low in May

The Swedish labour market is still relatively resilient at the moment, but is likely to become more sluggish in the coming months, according to the European Commission.

Business

French firms on edge as alliance looks to raise more taxes

The newly formed left-wing alliance New Popular Front reveals plans to support tax increases in order to fund more government spending.

Economy

UK diesel prices highest in Europe: retailers accused of profiteering

Forecourts operated by supermarket chains including Asda, Tesco, Morrisons and Sainsbury’s are significantly contributing to this price surge.

Markets

Goldman Sachs lifts target predictions for S&P 500 in 2024

Most of the Magnificent Seven tech stocks are contributing strongly to the S&P 500’s advancements at the moment, with other sectors such as healthcare and materials also seeing promising growth.

Economy

French inflation up in May driven by higher energy and food prices

French inflation inched up to 2.3% in May. Increases in food prices and energy costs contributed to this higher figure. However, services inflation softened over the same period.

Economy

Why is Germany opposed to EU tariffs on Chinese electric vehicles?

German automobile manufacturers such as BMW, Mercedes-Benz and Volkswagen could be badly hit by retaliatory tariffs because they all have massive production plants in China.

Business

Lufthansa close to getting go-ahead for Italy's ITA Airways deal

Lufthansa wants the move to strengthen its position in Europe's fast-growing aviation market. It has assured the EU that the takeover will not have adverse effects on fair competition on long-haul routes.

Economy

Europe prepares for China retaliation after EU imposes EV tariffs

As retaliation for the EU’s tariffs on Chinese electric vehicles, China could potentially slap duties on things like European pork and dairy products, as well as brandy and luxury goods.

Economy

Inflation in Spain rises to 3.6% in May driven by the cost of housing

Inflation rise in Spain: housing costs, transport and fuel price rises are the main drivers. However, the price of food and non-alcoholic beverages dropped in May 2024.

Business

Energy firm Uniper wins right to claim billions from Gazprom

Gazprom began slowing down its gas supplies to Europe, especially Germany, in June 2022. It finally halted them altogether at the end of August of that year.

Economy

German inflation on the rise again for the first time in five months

Increases in services and food costs contributed significantly to May's rise in German inflation, although energy prices continued to fall.

Business

French IT company Atos accepts Onepoint's restructuring plan

After weeks of mulling it over, French IT company Atos has finally decided to go with key shareholder David Layani and his IT company Onepoint’s restructuring offer, as opposed to Czech billionaire Daniel Kretinsky’s. Currently, Onepoint owns about 11% of Atos’ total shares.

Markets

Football fan tokens kick off ahead of Euro 2024 championship

The tokens can be a good way for fans to engage better with their teams of choice at the same time as also being able to trade them.

Business

Raspberry Pi shares rise by more than a third on London market debut

Although Raspberry Pi has seen impressive interest in its IPO so far, with its share price soaring just after the launch, the dangers of a post-IPO plunge, like Deliveroo, remain a risk.

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