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Una Hajdari

Markets

Italy's UniCredit sees record profits as Commerzbank advance drags on

UniCredit shareholders prepare for a bumper payout as the bank forecasts profits of more than €10 billion this year.

Economy

David Lindberg to lead HSBC UK as bank sharpens customer focus

HSBC has named former NatWest executive David Lindberg as CEO of its UK ring-fenced bank, part of a sweeping restructuring aimed at streamlining operations and sharpening its customer focus.

Business

L’Oréal seals €4bn deal for Kering’s entire luxury beauty portfolio

In a move set to reshape the global beauty landscape, L’Oréal will take over Kering’s complete beauty portfolio, from Creed niche fragrances to Gucci makeup products.

Business

Stellantis to pour €11bn into US expansion to avoid tariff losses

The car giant says its biggest-ever US investment will increase output by 50%, add more than 5,000 jobs, and counter some tariff costs by boosting North American profitability.

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Business

US charges Cambodian crypto kingpin after largest ever bitcoin seizure

Prosecutors say individuals in forced-labour camps convinced victims to funnel billions into fake investments. The state may now use the seized crypto to repay the defrauded parties.

Economy

Germany greenlights €2,000 tax-free earnings for pensioners

From 2026, Germany will keep expert retirees in the labour market by allowing them to earn up to €2,000 a month tax-free.

Economy

EU Commission slaps three major fashion brands with €157 million fine

An investigation launched in 2023 revealed that Gucci, Chloé and Loewe imposed their own pricing policies on retailers, thereby increasing product prices and reducing consumer choice. Gucci was hit the hardest, with a fine of €119 million.

Business

Netherlands invokes rare emergency law to control Chinese chipmaker

The Dutch government has taken temporary control of Chinese-owned chipmaker Nexperia under emergency legislation, citing risks to national and European security and marking one of the most forceful state interventions in Europe’s tech sector to date.

Economy

Mokyr, Aghion and Howitt win 2025 Nobel Prize in Economics

Joel Mokyr, Philippe Aghion and Peter Howitt win Nobel Prize for Economics 'for the theory of sustained growth through creative destruction'.

Business

US watchdog probes self-driving Tesla cars in blow to Elon Musk

Tesla crashes and reports of reckless autonomous driving have triggered a fresh inquiry in the US, piling pressure on Musk’s robotaxi push.

Economy

US throws Argentina €17bn lifeline as Milei-Trump ties deepen

Washington’s rare move to buy pesos and open a massive swap line steadied Argentina’s markets — but set off a political storm.

Economy

Italy’s business elite urge Meloni to act faster on economic reforms

As growth stagnates and reforms stall, investors are watching whether Giorgia Meloni can turn her political staying power into a new story of competitiveness and economic confidence.

Business

Google invests €5 billion in Belgium, expanding AI and cloud network

The tech giant’s largest Belgian project to date will create 300 jobs, boost data capacity in Wallonia and strengthen Europe’s drive for carbon-free digital growth.

Economy

Climbing the ladder: Wealth mobility is eluding Britain's middle class

Britain’s total household wealth has risen dramatically, but it would still take an average worker 52 years of saving their full pay to catch up with the top 10%.

Business

CEOs double down on AI as confidence in global economy slips, report

As the global outlook remains uncertain, business leaders are betting on AI and talent, while also making room in their budgets for cybersecurity and regulatory compliance.

Economy

Germany projects a sliver of growth, betting on Merz’s €500bn overhaul

Despite a slightly improved growth projection, Merz’s coalition is banking on infrastructure spending and quicker investment approvals to revive momentum.

Business

White House doubles down on Alaska mining, buys 10% of Trilogy Metals

The White House unveiled its investment in the Canadian mining company as it gave the green light to the Ambler Road project in Alaska, advocating for greater supply-chain security.

Markets

Markets give seal of approval to Japan's pro-stimulus 'Iron Lady'

Traders piled into Japanese stocks after the country's ruling party named Sanae Takaichi as its new leader, betting on her Thatcherite policies to supercharge growth.

Business

From James Bond to budget cuts: Tariffs put pressure on Aston Martin

The British carmaker’s warning of deeper-than-expected losses sent shares plummeting, a stark reminder that prestige cannot shield a brand from tariffs and sluggish demand.

Business

UK fraudster to plead guilty in NY court for massive fine-wine scam

A British businessman accused of defrauding investors through a bogus fine-wine lending scheme is expected to plead guilty in Brooklyn federal court next week.

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