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Doloresz Katanich

Markets

European borrowing costs hit record highs on Iran war inflation fears

European government bonds came under significant selling pressure on Tuesday, with France’s 10-year bond yield hitting a 17-year high and Germany’s 10-year Bund yield reaching its highest level since 2011.

Space

The 'geoid': Why NASA’s gravity model makes Earth look like a potato

Mapping Earth’s gravity, NASA has released a visualisation of the geoid — the apparent real shape of our planet given the global ocean surface if it were exclusively under the influence of gravity and Earth’s rotation.

Business

Ferrari’s first EV sells for record $40 million at auction

The Italian luxury carmaker’s first electric car has set a record for a new vehicle sold at auction, just months after its unveiling drew backlash.

Economy

Ice cream economics: How long do you have to work for one scoop?

In an indicative comparison of prices in 10 European countries, Euronews found that affording a scoop of ice cream required the most working time in Greece — nearly three times as much as in Germany.

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Business

Apple shares fall despite record revenue as outlook disappoints

Apple’s iPhone revenue jumped by almost 22% in the three months to June, but its forecast for the current quarter fell short of analysts’ expectations.

Business

Samsung profit surges 1,814% as AI chip demand soars

Operating profit at Samsung’s semiconductor division rose to more than 220 times its year-earlier level. However, the company warned that memory chip shortages could worsen next year as AI infrastructure expands rapidly.

Economy

Fed holds interest rates steady as three policymakers demand hike

The Federal Reserve held its key interest rate steady on Wednesday despite persistently high inflation and an Iran war-driven surge in energy prices.

Business

French wildfires affect 40,000 businesses as disruption spreads

Around 200,000 jobs are connected to businesses affected by the Gironde fires, while the region’s tourism industry and electricity network face mounting pressure.

Economy

Despite high inflation, Fed expected to hold rates steady for now

The US Federal Reserve is expected to hold rates on Wednesday, although investors were pricing in a 32% chance of an increase on Tuesday night, with analysts describing the decision as the most uncertain in years.

Economy

French wildfires threaten defence sites and hit regional economy

The fires have forced evacuations and protective measures at strategically important aerospace and defence sites, while preventing thousands of businesses from operating normally.

Business

Mercedes-Benz cuts sales forecast as China troubles persist

German premium carmaker Mercedes-Benz reported a 22% rise in second-quarter operating profit but cut its full-year car sales forecast due to weakness in China.

Business

Varta files for insolvency as German battery maker’s crisis deepens

Varta said it faces no immediate threat of failing to meet its payment obligations. Production is continuing, while wages and salaries will still be paid.

Business

AstraZeneca quarterly net profit rises 2% on strong cancer drug sales

Strong cancer drug sales lifted Anglo-Swedish pharmaceutical giant AstraZeneca’s second-quarter earnings above expectations, helping the company maintain its 2026 outlook.

Economy

EU unveils banking reforms to unlock billions in investment

In a bid to reduce fragmentation in the EU banking sector and meet companies’ growing investment needs, the European Commission has unveiled proposals aimed at making banks more competitive and potentially unlocking billions of euros for investment, but obstacles remain.

Business

Trump Media to sell faster access to key market-moving social posts

Customers will receive posts from Truth Social’s “most influential accounts” in milliseconds through a service aimed at financial institutions and professional traders. The feed could include Donald Trump’s market-moving posts, although the company has not confirmed which accounts will be covered.

Business

China ‘firmly opposes’ UK nationalisation of British Steel

The UK government announced on Thursday that it had passed legislation to nationalise British Steel, previously owned by China’s Jingye Group, to protect the country’s steelmaking capacity after Jingye moved to shut the company’s blast furnaces.

Business

Germany's Delivery Hero backs €13 billion takeover by Uber

German food delivery giant Delivery Hero said it supports Uber's €13 billion takeover offer, which would significantly expand the US ride-hailing company's global food delivery network.

Economy

Heatwaves could drive Europe's food prices higher next year

While food inflation has eased across the eurozone, economists say this summer's extreme heat is now a bigger threat to next year's supermarket prices than the recent Iran war, as damaged harvests could outweigh the fading impact of higher oil and fertiliser costs.

Business

AI demand lifts Europe's biggest company ASML's sales forecast

Europe's biggest company by market capitalisation, ASML, continues to benefit from the AI boom after raising its full-year net sales forecast to between €43bn and €45bn. Investors welcomed the upgrade, sending the shares up more than 5%.

Economy

China's economic growth hits slowest pace in more than three years

China's economy grew 4.3% year on year in the second quarter, its weakest pace since late 2022, as weak domestic demand and a prolonged property downturn outweighed strong exports, increasing pressure on Beijing to provide more economic support.

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