English

Indrabati Lahiri

Economy

Turkey inflation falls for eighth month in a row as food prices dip

Falling housing and electricity prices also contributed to January's slowing inflation rate, as did a drop in recreation and culture prices.

Business

UniCredit dives in to take minority stake of Italian insurance group

UniCredit has been involved recently in a flurry of dealmaking activity, including a bid for Banco BPM and a raised stake in Commerzbank.

Economy

UK alcohol tax to jump from 1 February in new blow to industry

The UK’s alcohol sector is still struggling to recover from the lingering effects of the pandemic, as well as changing consumer preferences.

Markets

Could it cost you more to wake up and smell the coffee under Trump?

Apart from the Colombian tariffs threatened by US president Donald Trump, coffee prices have also been hit by poor harvests in Brazil which is one of the commodities main producers.

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Economy

UK house prices see weak rise in January amid high interest rates

UK house prices have advanced marginally in January as buyers continue to struggle with affordability pressures.

Business

SoftBank set to invest billions more in Stargate co-partner OpenAI

The Japanese investment holding company could potentially increase its investment in OpenAI, following the two companies already partnering up for The Stargate Project, which includes other investors such as Oracle and Emirati investment firm MGX.

Business

Deutsche Bank shares plunge as it drops 2025 cost target

Deutsche Bank posted lacklustre earnings in the last quarter of 2024, as higher litigation costs significantly eroded profit margins.

Business

Volvo Group struggles with slower sales as European truck demand falls

Volvo Group reported its latest financial results on Wednesday and highlighted slower sales in Europe due to a declining demand for trucks.

Economy

Spain's economy remains robust with jobless total lowest for 16+ years

Analysts expect Spain's economy to continue to recover in the coming months, despite being likely to stay vulnerable to the continuing effects of the Valencia floods, and with the possibility of tariffs being imposed on the EU by the US.

Business

ASML reports boost in full-year sales as it shares outlook for 2025

ASML's robust results come at a time when the semiconductor and artificial intelligence (AI) market is reeling under the shock of new entrant DeepSeek, a new arrival from China.

Business

Tesla and BMW sue EU as discontent over Chinese EV tariffs mounts

Both BMW and Tesla have been hit with tariffs by the EU on imports of electric vehicles made in China, along with other Chinese manufacturers such as BYD and SAIC.

Business

LVMH sells Stella McCartney minority stake as luxury sector struggles

LVMH has already sold the streetwear fashion brand Off-White recently, as well as its stake in Cruise Line Holdings amid dampened global demand for luxury goods and falling Chinese sales.

Business

Rolls-Royce subsidiary bags landmark UK nuclear submarine deal

Under the deal with the Ministry of Defence, the British engineering company will make nuclear submarine reactors for the Royal Navy.

Business

Tesla unveils new premium model Y in Europe, the US and Canada

Tesla has revealed a new premium model Y version, first launched in China, which comes with a range of improved features.

Business

Italy’s oldest bank makes multi-billion takeover bid for Mediobanca

The deal could potentially help both Monte dei Paschi and Mediobanca maintain a robust capital position, as well as deliver profits.

Economy

Bank of Japan raises interest rates to highest level in 17 years

Stronger wages have contributed to the decision by Japan's central bank to raise rates to about 0.5%. The BOJ reiterated that it may in the future raise interest rates again, if required.

Business

Car giant Stellantis gears up for multi-billion dollar US investment

The global car maker Stellantis has announced that it would be heavily focusing on investing in its US operations in the coming future, in order to increase its sales volume and market share.

Economy

WEF issues warning over split threat posed to global financial system

Rising geopolitical tensions are increasing fragmentation of the global financial system and pose a risk to both global prosperity and human progress, according to a report from the World Economic Forum.

Business

TotalEnergies postpones multi-billion Mozambique LNG project

TotalEnergies has been dealing with ongoing delays and insurgencies regarding its Mozambique LNG project for several years now. The project is expected to start production in 2029.

Business

EasyJet's losses ease as airline sees gain in year-end passengers

The airline says it has succeeded in narrowing headline pre-tax losses through cost-cutting measures and a rise in demand for package holidays.

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