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Doloresz Katanich

Business

Meta shares jump 5% as AI investments fuel revenue growth

Meta Platforms said Wednesday that its third-quarter profit jumped more than threefold, as the social media giant's revenue climbed sharply, adding to confidence that the firm's AI spending is improving the business.

Business

Tesla profit falls 43% as it explores possible SpaceX merger

Tesla reported a decline in third-quarter profit, but generated more cash than analysts expected, leaving investors with a mixed picture as it explores a possible merger with Elon Musk's other big company, SpaceX.

Business

Ryanair CEO predicts biggest airfare rise in European history

Ryanair boss Michael O’Leary predicts European airfares could rise by up to 20% in 2027 as higher fuel costs, taxes and reduced capacity put pressure on airlines.

Economy

UK inflation jumps more than expected fuelling rate hike expectations

Britain's annual inflation rate accelerated by more than expected in September, rising to 3.5% on surging fuel prices. This comes a week before the UK government presents its autumn budget and as UK public sector net debt tops £3 trillion.

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Economy

Where do Europe’s best pension systems rank and are they secure?

A new ranking of 55 retirement income systems reveals how Europe’s pension systems compare, with concerns over the long-term sustainability of benefits in some of the continent’s largest economies.

Markets

Oil prices top $110 as traders weigh Middle East supply risks

The price of Brent crude remained at a five-month high as uncertainty over when energy supplies will return to normal amid the war with Iran keeps oil inflated.

Business

Musk pledges SpaceX shares worth more than $10bn to US children

Elon Musk says he will give one SpaceX share to every child in America next year, a pledge worth about $10.7bn (€9.5bn) at Friday’s closing price. He has yet to explain who would qualify or how the shares would be distributed.

Economy

Could France’s debt troubles tip Italy into recession?

Rising borrowing costs and political uncertainty are putting France’s finances under pressure. Oxford Economics warns that a severe bond-market shock could push both France and Italy into recession in 2027, although a debt crisis remains outside its central forecast.

Business

Can European luxury brands still count on China for growth?

China’s shoppers are hunting for second-hand bargains and turning to homegrown brands, putting pressure on European luxury groups. China remains vital for luxury brands, but one analyst warns it may not drive growth over the next two to three years.

Business

Could Tesla’s flying car send sales and shares soaring?

Tesla revealed its next-generation Roadster on Thursday in Texas, with one of the three new versions performing a jaw-dropping kickflip and demonstrating flying capabilities. However, analysts contacted by Euronews Business do not expect the model to generate significant revenue.

Markets

Indonesian stocks suffer worst fall in 28 years after MSCI warning

The index provider is weighing reclassifying the country from emerging market to standalone status, potentially forcing funds tracking MSCI's emerging market indexes to sell their Indonesian holdings.

Business

Norway may open €2 trillion wealth fund to nuclear weapons makers

Norway's sovereign wealth fund, the world's largest with assets of more than €2 trillion, may once again be allowed to invest in firms that make nuclear weapons under a proposal published on Thursday.

Economy

Germany backs sugar tax on soft drinks to help fund health service

The German cabinet has approved draft legislation to tax sugar-sweetened drinks in the country from 1 July 2027. The sugar tax is intended to help fund the statutory health insurance system, easing pressure to raise contributions.

Economy

US inflation rises to 3.7% as fuel costs climb ahead of midterms

Higher petrol prices and airfares pushed US inflation to 3.7% in September, adding pressure on households and the Federal Reserve weeks before the midterm elections.

Markets

Oil prices rise after reported attacks on ships in Strait of Hormuz

Oil prices rose on recent reports that Iran attacked ships in the Strait of Hormuz. European gas prices hovered near a four-year high, while Asian shares had a mixed reaction and European equities opened higher.

Business

Bank of America fined $1.2bn over money laundering failures

US authorities have imposed a $1.2 billion (€1.07bn) penalty on Bank of America over failures to tackle money laundering. The bank also settled alleged sanctions violations involving Iran and Russia.

Business

Big US banks beat earnings forecasts, but JPMorgan falls short

Wall Street's biggest banks reported another strong quarter on Tuesday, but they warned that higher rates and inflation could bite.

Business

LVMH sales: China slowdown hits Louis Vuitton and Dior

LVMH, the world's leading luxury group, said its sales edged higher in the third quarter despite a slowdown in demand in China hitting its fashion and leather goods segment.

Business

French defence firm Thales to open Japan maintenance base

The facility could be the first in Japan set up by a foreign defence company to maintain military equipment and support its operation, according to Nikkei.

Economy

IEA urges additional diesel releases ahead of key meeting

Tightening global diesel markets prompted the International Energy Agency to call on its members to accelerate previously agreed releases from strategic oil reserves, prioritising diesel. The IEA also asked member states to assess "whether additional diesel releases are necessary".

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