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Doloresz Katanich

Economy

Why is fuel expensive when crude oil hasn't hit record highs?

Pump prices could remain high in Europe, adding to inflationary pressure. The immediate problem is not just the supply or price of crude oil, but limited refining capacity, disrupted trade flows and shortages of finished fuels, particularly diesel.

Business

Uber cuts 10% of global workforce in biggest layoffs since the pandemic

Uber is cutting 3,300 jobs worldwide as it strips out management layers and merges teams, saying the savings will fund growth in areas such as robotaxis.

Economy

China demands France scrap fast fashion law targeting Shein and Temu

Beijing has threatened with unspecified measures in response to France’s new environmental penalties on ultra-fast-fashion retailers.

Economy

Europe's most charitable countries: Where do people give the most?

Ireland and Romania are among Europe's most generous countries, according to a recent report measuring both the share of people who give and the proportion of their income they donate.

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Business

British energy giant BP names Ian Tyler as chair after boardroom turmoil

British energy giant BP has appointed Ian Tyler as its permanent chair following the abrupt removal of his predecessor over governance and conduct concerns in May.

Markets

European government bond yields surge to 15-year highs as sell-off deepens

A global bond sell-off has hit European debt markets, reflecting concerns about inflation, budget deficits and government debt.

Economy

Energy price surge pushes eurozone inflation to three-year high

Eurozone inflation rose sharply in August, as energy prices climbed by more than 14% compared with a year earlier, according to Eurostat.

Economy

European gas prices spike above €70 amid renewed Middle East fighting

The benchmark Dutch TTF natural gas price rose above €70 per megawatt-hour on Monday, as renewed fighting between the US and Iran raised fresh concerns about further delays to LNG exports from the Persian Gulf.

Economy

Germany risks missing gas storage target, threatening industry output

Germany will miss its November gas-storage target if injections continue at their current pace, the country’s storage association has warned. Although there is no immediate gas shortage, low storage levels combined with a very cold winter could threaten industrial production in the country.

Business

Austria under fire over business park on ex-Nazi camp site

Construction of a business park on part of a former Nazi concentration camp site has prompted calls for its surviving remains to be preserved.

Economy

European education spending: Does more money mean better grades?

Sweden spent 6.8% of GDP on education in 2023, compared with just below 3% in Romania. But it is not always clear whether higher spending produces stronger skills and leaves young people better prepared for Europe’s changing economy.

Economy

Netherlands may not have enough gas for a harsh winter, Gasunie warns

The Netherlands will miss its winter gas-storage target, leaving it insufficiently prepared for an exceptionally harsh winter without additional measures, according to Dutch state-owned gas infrastructure company Gasunie.

Markets

Anthropic IPO: Five things to know before its Wall Street debut

The Claude developer is preparing for a potentially record-breaking initial public offering after rapid revenue growth, but its enormous losses and dispute with the Trump administration could concern investors.

Economy

Europe’s gas prices are surging. Who will be the first to pay more?

Europe could face its toughest winter gas season since 2022 as wholesale prices trade near their highest level in more than three years. Household bills could rise quickly in the Netherlands while taking nearly a year to fully adjust in Germany and Austria.

Economy

German economy grows faster than estimated as exports rebound

Europe's biggest economy expanded by more than expected between April and June, driven by strong exports, despite the disruption caused by the Iran war. Business sentiment also improved across every major sector.

Business

Volkswagen workers condemn ‘disastrous’ communication over job cuts

Employees have criticised Volkswagen’s management as the German carmaker considers further job cuts and the future of several plants.

Business

Shein IPO aims for $27bn valuation — and Europe is key to its future

Shein is seeking a valuation of up to approximately $27 billion (€23.1bn) in its September flotation on the Hong Kong Stock Exchange, far below its reported peak of $100 billion in 2022. Europe is a key market, but new customs rules and regulatory scrutiny threaten its low-cost model.

Economy

How did US debt approach $40 trillion — and who pays for it?

The US debt crossed the $40 trillion threshold after adding $1 trillion in just five months. The total amount is equivalent to what an average US worker would earn in a whopping 615 million years.

Markets

How rising bond yields could affect European households

Higher bond market yields are already affecting mortgage offers in some of Europe’s biggest economies, while governments face a slower but mounting increase in the cost of servicing debt.

Economy

Which food prices could rise as war and heatwaves hit supplies?

Global food prices are expected to increase by double digits in 2026 as Russia's escalating war in Ukraine worsens the impact of other food price shocks, according to Oxford Economics. Wheat is expected to face the greatest pressure, likely pushing up bread and pasta prices.

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