English

Doloresz Katanich

Economy

Budapest district joins other cities in Airbnb-style rental rebellion

Residents in one of the most popular parts of Hungary's capital, Budapest, have joined other European cities in voting to call time on short-term rentals.

Business

Working remotely? Here's why it could be a challenge for your boss

Remote working opportunities are once again on the rise in Europe in certain industries. However, employers face potential risks and challenges when offering staff the opportunity to work away from the office.

Markets

Wake up and smell the coffee but where's the best value espresso?

Coffee prices continue to rise in the continent but at a considerably slower rate than last year's double-digit price hikes.

Business

Fashion brand Esprit files for bankruptcy in Europe

The Hong Kong-listed group says seven of its businesses in Germany cannot pay their bills and it is "unviable financially to continue the business as it is currently structured in Germany".

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Economy

Why the days of lower European property prices may soon be over

European residential properties have held onto nearly all their value, while the overall price drop for all types of commercial properties slowed down significantly after almost two years of going downhill, latest data reveals.

Business

Allianz, Europe's largest insurer, sees double-digit jump in profits

Profits at the German insurance group were driven by its property-casualty segment, which benefited from higher prices and relatively benign claims from natural catastrophes.

Business

European ports turned into car parks as EV makers hunt buyers

Sales of electric cars in Europe are relatively low, but it is just one reason why the vehicles are piling up in Europe's major ports.

Markets

'Meme Rally' sparks 70% share price leap for GameStop on single X post

US video game shop GameStop's share price more than doubled as the result of a a 'meme rally'. But what is it and how can it move millions of dollars?

Business

Headache for Bayer as results show fall in Q1 sales and earnings

Mixed earnings results from the German Bayer Group put the pharmaceutical giant's share prices on a rollercoaster ride in Tuesday's early trading.

Business

Shein steps up IPO plans amid claims of 75-hour week for suppliers

The retail giant, which has reportedly chosen London for listing, is facing fresh claims of poor working conditions in its supply chain in China.

Markets

Town-sized private land in the Arctic is up for sale for €300 million

The 15,000 acre plot is halfway between Norway and the North Pole. It lies at the heart of a pristine wilderness which has provoked debate over climate change and is the focus of geopolitical tensions among global powers who are eager to exploit the natural resources of the Arctic region.

Economy

Inflation rate in Hungary edges up slightly to 3.7% in April

After 14 months of decline, the rate of inflation in Hungary rose again.

Business

BP pledge to cuts costs as profits fall below expectations

Energy giant BP is to launch a major cost-cutting programme after Q1 profits were hit by falling gas prices and a refinery outage and earnings fell short of analyst forecasts.

Business

UBS returns to profit for the first time since Credit Suisse takeover

The Swiss banking giant's shares were up more than 9% after the earnings report.

Markets

Buying a piece of an island: How crypto could change property deals

Europe is the hottest market for swapping property for cryptocurrencies, according to the founders of asset-backed cryptocurrency Unicoin.

Business

Eurotunnel operator offers cash to attract new cross-channel services

Getlink says that there is capacity for 2.5 times more trains to use the Channel Tunnel on a daily basis.

Business

How the rug got pulled from under Iran's traditional carpet weavers

The export of traditional Persian rugs from Iran, a market which once exceeded $2 billion, has plummeted to less than $50 million in the last year.

Economy

Where in Europe was unemployment the lowest in March?

Unemployment in the Eurozone remained at a record low of 6.5% in March, the same as February.

Business

Novo Nordisk owner invests millions in quantum computing

Novo Holdings, the parent company of the maker of weight-loss drugs Ozempic and Wegovy, is investing millions to create a global innovation hub for quantum technology in Denmark.

Economy

Alarming lack of charging points keeps EU climate goals out of reach

The EU needs mass-market adoption of electric cars in all states to achieve Europe’s ambitious CO2-reduction targets but lacks the public charging infrastructure to meet them, according to a new report.

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