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Indrabati Lahiri

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.

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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.

Economy

UK long-term sickness record rise fuels fears over economic growth

Long-term sickness leads to a growing number of people who are neither working nor looking for a job, known as economically inactive. This poses a significant risk to economic growth.

Business

Microsoft unveils all digital Xbox console at games showcase

Microsoft has launched an all-digital Xbox console which is set for release later this year. The company also announced a host of upcoming games including the next instalments of ‘Call of Duty’ and ‘Assassin's Creed’ franchises.

Economy

Why are European countries fighting to get Chinese EV factories?

EU countries are offering incentives such as tax breaks, an easing of regulations in designated zones and support for battery factories to Chinese EV makers.

Business

Could one of the UK's biggest blue-chip companies move to the US?

UK giant Ashtead Group is considering a move to list its company in the US. It already makes a significant amount of its total revenue there so already has the groundwork laid out for such a shift.

Economy

Manganese batteries: Could they be the main driver for EVs?

Lithium batteries are expensive to produce, and can be hard to recycle. There are also claims that mining for lithium is dangerous. Manufacturers are looking at other metals to see what they can offer.

Markets

GameStop shares surge as Roaring Kitty drops livestream hints

Keith Gill, who is believed to be behind the Roaring Kitty YouTube channel, who helped spark the orginal GameStop rally, could be expanding further on his bullish stance on GameStop in an upcoming livestream.

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.

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