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Doloresz Katanich

Business

Ukraine’s richest man buys Monaco apartment in record €471m deal

Ukrainian billionaire Rinat Akhmetov has purchased a vast luxury apartment in Monaco for €471 million in what is believed to be one of the most expensive single residential transactions ever recorded.

Economy

Richest countries in 2026: France and Germany fail to make the top 10

Measures of “richest countries” can be misleading. A new prosperity index — looking at income, GDP and how wealth translates into quality of life, social cohesion and long-term development — does not place the US, Germany, or France in the top ten.

Business

Tesla profits up as Musk shifts focus to robotaxis

Tesla’s profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025.

Economy

Spain launches €7bn housing plan to tackle rent crisis

Spain's government on Tuesday approved a sweeping plan to alleviate the country's housing problem, one of Prime Minister Pedro Sánchez's main political vulnerabilities ahead of next year's elections.

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Economy

German business expectations fall to their lowest levels since 2022

German business confidence dropped sharply in April, reaching its lowest point since the 2022 energy crisis.

Business

Thales: Defence orders surge as Iran war drives military spending

The French company recorded five defence orders worth more than €100 million each, as global demand rises amid the Iran war.

Business

Mercedes and Samsung SDI sign first EV battery supply deal

South Korean battery maker Samsung SDI said on Monday that it clinched its first agreement for the supply of EV batteries with German luxury carmaker Mercedes-Benz.

Business

Germany's Lufthansa to shut CityLine unit amid fuel costs and strikes

Closing the regional subsidiary is part of a strategic plan that Lufthansa has accelerated, citing higher jet fuel prices and escalating labour strikes.

Business

AI boom drives TSMC profit up 58%

The Taiwan-based chipmaker reported record revenue and profit, driven largely by strong demand for artificial intelligence chips and orders from major customers including Apple and Nvidia.

Economy

Norway’s oil exports jump 68% in March

Norway’s oil exports jumped significantly in March, pushing revenues to multi-year highs as disruptions from the Iran war and the closure of the Strait of Hormuz drove up prices.

Economy

Can Hungary's new government fix an economy in crisis?

Investors are optimistic about the new government's expected economic policies, but an energy crisis and a scramble for EU funds could slow its immediate success.

Markets

Oil prices fall and markets rally on renewed hopes for peace talks

Shares mostly rose in early Wednesday trading, echoing the rally on Wall Street that came as oil prices eased on hopes that the United States and Iran may resume talks.

Economy

IEA warns 'largest energy security threat in history' is under way

No new energy shipments have been loaded in April, signalling a worsening disruption that could intensify the global energy and economic impact, IEA Executive Director Fatih Birol said on Monday.

Markets

Stock markets gain and oil falls on hopes of renewed US-Iran talks

European markets opened higher on Tuesday morning, tracking Asian and Wall Street gains, as oil prices fell on expectations that a possible second round of talks between the US and Iran would end the Iran war.

Markets

Oil tops $100 as Iran blockade looms, forint surges on Hungary results

Oil prices surged and stock markets dipped after reports that the US may move to block the Strait of Hormuz. Meanwhile in Europe, the Hungarian forint rose following the election results.

Business

TotalEnergies closes major Saudi refinery after attacks

TotalEnergies has shut a major Saudi refinery after attacks, as Middle East disruptions force it to halt about 15% of its output.

Markets

Stocks rise and oil prices gain as investors await ceasefire talks

Markets have remained positive, with oil prices edging slightly upward, coupled with gains for global equities ahead of the US-Iran talks in Islamabad on Saturday.

Economy

Why Europe’s energy prices could stay high even if the Iran war ends

Energy prices in Europe could stay high for a while, even though the region doesn’t rely heavily on the Strait of Hormuz. Here’s what’s behind it.

Economy

Trump unveils up to 100% tariffs on patented drugs

Companies in the EU, Japan, Korea and Switzerland face a lower, capped tariff rate under existing trade agreements with the US.

Markets

Musk’s path to $1 trillion: SpaceX files for IPO, reports say

Elon Musk’s space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing — a blockbuster offering that would likely rank among the largest ever and could make its founder the world’s first trillionaire.

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