English

Eleanor Butler

The Big Question

Wall Street trumps again: Why Europe still lacks financial firepower

“Member states would feel much more comfortable about ceding power to supranational European regulators if they thought they were pro-growth,” said former commissioner Lord Jonathan Hill.

Business

Sweden’s Klarna receives licence from UK’s Financial Conduct Authority

The move will allow the fintech firm to launch a debit card and offer its UK-based customers Klarna accounts where they can save funds.

Markets

Novo Nordisk shares plummet over 20% on weight-loss drug sale slump

The firm also named Maziar Mike Doustdar as its new CEO on Tuesday, after a gloomy financial forecast spooked investors.

Economy

Spain’s economy grows 0.7% as it continues to outshine eurozone peers

Household consumption and business investment have driven the quarterly uptick as employment growth remains strong.

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Markets

Oil prices rise on EU-US trade deal and Trump comments on Ukraine

US President Donald Trump said on Monday he was reducing a 50-day deadline given to Vladimir Putin to agree a deal with Ukraine. Oil prices had already risen on news of a EU-US trade deal.

Business

Universal Music Group confidentially files for US stock market listing

The Dutch-American firm, which represents the likes of Taylor Swift and Billie Eilish, is already listed in the Netherlands.

Economy

China rare earth exports to the US surge 660% after trade agreement

The shipment volumes are still lower than before China imposed export restrictions on the metals in April.

Markets

ASML sees share price drop as Trump’s tariffs darken outlook

The Dutch tech firm saw its shares drop almost 7% in morning trading after it released second-quarter results. Sales rose above analysts’ expectations, although ASML warned that tariffs threaten its growth target for 2026.

Business

Nvidia to sell H20 chips to China again after US gives export approval

The move is a U-turn for the government, which in April banned sales of the chip to China.

Business

Banco BPM takeover battle deepens as Brussels slaps Italy with warning

Rome’s use of the ‘Gold Power’ rule to impose conditions on the merger is controversial because the two companies are both Italian and there is no apparent threat to national security.

Markets

European markets open in the red after Trump threatens 30% EU tariff

The president of the European Commission Ursula von der Leyen said the EU would not impose retaliatory tariffs on US imports before 1 August, allowing time for negotiation.

Economy

China’s exports beat expectations with US trade agreement now secured

Exports to the US remained in negative territory in June although the decline was softer than in May. There was an annual rise in exports sent to other nations as China seeks to diversify its trade.

Economy

UK economy contracts again in May despite government growth push

A modest 0.1% expansion was expected, although tariffs and tax increases continue to hamper growth.

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