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Doloresz Katanich

Business

Profits in focus: Reports from Generali, Deutsche Bank and Deliveroo

Strong results from Italy’s Generali Group and British Deliveroo, as well as the declining profit of Hugo Boss, were shaping the European market landscape on Thursday.

Business

Rheinmetall sees profit jump as Europe prepares for military splurge

Germany’s Rheinmetall announces a 38% jump in net profit in 2024 and predicts a sales boost as Europe increases military capacity.

Business

Volkswagen shares rise on outlook despite 2024 profit declining

Volkswagen AG concluded 2024 with lower operating results but slightly increased sales revenue. The carmaker presented its plans to navigate the challenges coming from the US and China, but they haven’t factored in tariffs for 2025.

Economy

Struggling to find work? UK sees more jobseekers and fewer vacancies

UK firms are reluctant to hire due to subdued growth prospects and rising labour costs, two new studies show.

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Business

Spanish bank BBVA will start offering bitcoin and ether trading

Spanish financial giant Banco Bilbao Vizcaya Argentaria is preparing to offer crypto trading to customers on its platform in Spain.

Business

Where in Europe are women most willing to start their own business?

Women have the most appetite to create their own business in Portugal, Poland and Greece in the EU. However, outside the bloc, Ukraine is home to an even higher ratio of aspiring female entrepreneurs, a new study shows.

Business

No more tips: Just Eat Takeaway.com launches drone delivery in Dublin

The food delivery company teamed up with drone operator Manna Drones Ltd to launch the speedy service.

Economy

Turkey cuts interest rate to 42.5% after inflation hits two-year low

Turkey’s central bank lowered its key interest rate by 2.5 percentage points on Thursday, its third consecutive cut, reacting to a slowdown in inflation in the country.

Markets

DHL's shares soar 10% as it announces savings plan and job cuts

The German logistics company announced a cost-saving plan after a "challenging" year in 2024. However, investors applauded fourth-quarter results.

Economy

The trillion dollar question: How can Germany kickstart its economy

Friedrich Merz, Germany's soon-to-be chancellor, has announced a strategy to exempt defence spending from limits on government borrowing.

Business

The EU’s plan to save the ailing European car industry

In a new action plan to boost Europe's car industry, the European Commission pledged to support EV battery manufacturing, one of five flagship initiatives. Brussels also gave more flexibility for meeting this year’s CO₂ targets.

Economy

Taxing the rich could help cover increased French defence spending

France is looking at ways to increase its defence budget after the US paused its military aid to Ukraine. The heavily indebted country is not excluding taxing the rich.

Economy

Eurozone unemployment remains at a historic low despite weak economy

The eurozone labour market showed resilience following the region’s sluggish economic performance in the last quarter of 2024.

Economy

Portugal: Unemployment hits its lowest level in more than two years

Unemployment was 6.2% in Portugal in January 2025, the lowest since October 2022.

Economy

Italy sees moderate GDP rise and sharply falling deficit in 2024

The European Union’s third-largest economy expanded by 0.7% in 2024, fuelled by domestic consumption and increased exports. The budget deficit sharply dropped compared to the previous year.

Business

Citigroup credits client’s account with $81tn in ’fat finger’ mistake

Bank staff meant to send only $280. No funds left the bank, as the error was detected before the transaction was processed the following day.

Economy

Inflation in France hits its lowest level in four years in February

France is standing out from the crowd, other leading European economies including Germany and Spain reported higher inflation for February.

Business

Spain: Annual inflation shows a rise as energy costs boost price index

Prices in the EU's fourth-largest economy increased for the fifth consecutive month in February, compared to the previous year.

Business

Troubled Boeing reports multi billion dollar loss at end of 2024

The US aircraft manufacturer closed last year with a steep loss and weak sales, according to preliminary figures released by the company.

Economy

The world will have five trillionaires within a decade, predicts Oxfam

Billionaire wealth grew by $2tn in 2024, three times faster than the previous year, according to Oxfam's latest report on wealth.

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