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Doloresz Katanich

Business

Schneider Electric appoints new CEO to take charge of strategy

The board of one of Europe's biggest tech companies has signalled it's looking for a change of direction with the unanimous decision to appoint company veteran Olivier Blum as Chief Executive Officer.

Business

Ryanair profits fall amid Boeing delays and reduction in fares

The Irish budget carrier reported strong traffic, offset by lower air fares for the past six months.

Economy

How the Nordic nations could become Europe's answer to Silicon Valley

The Nordic countries along with the Baltic region are both leading contenders in the contest to become Europe’s centre for digital technology.

Business

Stellantis revenue plunges as falling EU and US sales hit car giant

Europe's second-largest car maker, Stellantis, reported that its net revenues slumped by 27% in its latest earnings update as it aims to slim down its inventory and launch new products.

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Business

Russia fines Google more than the world’s total GDP over YouTube bans

Russia fined Google $20,000,000,000,000,000,000,000,000,000,000,000 - that’s 2.5 trillion trillion trillion dollars after the US tech giant took action against Putin's propaganda.

Economy

Hungary unexpectedly dips into recession for second time in two years

Hungarian gross domestic product (GDP) turned negative for the second quarter in a row.

Business

Swiss banking giant UBS beats forecasts with leap in profits

High profit and progress on the integrations of collapsed competitor Credit Suisse were the key takeaways of the bank’s quarterly report.

Economy

European tariffs on Chinese electric vehicles: All you need to know

EVs are the latest flash point in a broader trade dispute over Chinese government subsidies. The new levy concerns European car makers too.

Economy

Switching to EVs could cost German car industry 186,000 jobs by 2035

EV car production requires fewer employees overall than in the past, according to new report findings.

Business

Pharma giant Novartis raises forecast on strong drugs demand

The Swiss company reported a strong performance and a major boost in sales of its products.

Business

Small nuclear plants in Europe: CEZ and Rolls-Royce SMR sign a deal

CEZ plans to build the first small modular reactor at the existing Temelin nuclear plant in the first half of the 2030s.

Economy

Europeans forced to cut back on food to pay mortgages as costs soar

A large number of Europeans have no other way to cover their mounting housing costs other than to cut back on food, according to a new study.

Economy

Fancy a beer? Where in Europe will you have to pay the most tax on it?

The EU requires member states to levy a minimum excise duty on beer but the majority of countries actually charge more.

Business

Italian car workers go on strike as pressure mounts on Stellantis

Workers in Italy's troubled automotive sector are holding a national strike for the first time in 20 years.

Economy

China: World's second-largest economy sees growth slowing

The economy has remained sluggish despite the lifting of Covid restrictions at the end of 2022. Consumer confidence is low and the property market remains a drag on the economy.

Business

Tesla gets go-ahead for controversial factory expansion in Germany

The US electric car maker has plans to build the biggest car plant in the country, manufacturing one million cars annually.

Economy

UK inflation falls to 3-year low boosting hopes for another rate cut

Lower air fares and petrol prices dragged down price increases in September in the UK, prompting hopes that there will be another interest rate cut on the cards.

Economy

Which European country takes the crown in global survey on pensions?

The Mercer CFA Institute Global Pension Index assesses retirement income systems around the world.

Business

Google set to power its AI data centres with mini nuclear reactors

Tech giant Google has announced a deal to purchase small nuclear reactors from a company in the US to power its data centres.

Economy

Will France's looming tax hikes force wealthy citizens to move away?

The French government is desperate to find savings of €60bn next year, part of it is going to be sourced through 'exceptional' and 'temporary' tax hikes.

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