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Doloresz Katanich

Economy

Japan: Revised Q2 GDP shows 2.2% growth despite US tariffs

Japan’s economy expanded at a stronger rate in the fiscal first quarter than previously estimated. The data was published hours after Prime Minister Shigeru Ishiba announced his long-awaited resignation following his party's defeat in the summer elections.

Markets

Wall Street takes a blow after disappointing US jobs data

Wall Street reached new records, but the euphoria ran out as a disappointing US jobs report was released, fuelling expectations that the Federal Reserve will cut key interest rates at its next meeting in September.

Business

Spanish BBVA receives greenlight for Banco Sabadell takeover

Spain's Banco Sabadell has been fighting off unsolicited interest from financial giant Banco Bilbao Vizcaya Argentaria (BBVA) since last year.

Business

Trump: Substantial semiconductor tariff coming 'very shortly'

Leaders of the US's biggest tech companies were grilled over their domestic investments at a dinner hosted by Donald Trump on Thursday. The president said that those investing in the US could be exempt from new tariffs.

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Business

Porsche is leaving Frankfurt’s DAX index amid US tariff turmoil

The German luxury carmaker is set to leave the group of the 40 largest companies listed on the Frankfurt Stock Exchange, along with healthcare company Sartorius. Porsche CEO Oliver Blume is aiming for a speedy return to the leading index.

Economy

The French government is in danger, and so is the French economy

Economic risks are emerging in France while political instability looms, as the third government is in danger of falling in little over a year. Further attempts to tackle the country’s enormous debt could be choked until after the next presidential election in 2027.

Business

Austrian police raid Labubu store in Vienna for suspected tax evasion

The tax police inspected a pop-up store in Vienna's city centre selling the hyped and much-coveted Labubu cuddly toys and found a wide range of violations of the law.

Business

Toyota expands Czech plant to build its first European EV

Japanese carmaker Toyota said on Wednesday it would invest €680 million to build a new production line in the Czech Republic to make a battery electric car.

Business

Klarna IPO is back: Fintech firm to go public in New York

The Swedish financial technology company announced on Tuesday the launch of its initial public offering, months after the firm paused its planned listing.

Business

Nestlé dismisses CEO after undisclosed relationship with subordinate

Freixe, who had been CEO for a year, will be replaced by Philipp Navratil, a longtime Nestlé executive.

Markets

European stock markets are up, Novo Nordisk is among the winners

The major European stock indexes started the week in a positive mood, boosted by good news from the defence and pharmaceutical sectors. Meanwhile, new questions on Trump's tariffs are keeping traders around the world on edge.

Economy

Trump’s tariffs knocked down by federal appeals court. What now?

The US Court of Appeals for the Federal Circuit ruled Friday that Trump went too far when he declared national emergencies to justify imposing sweeping import taxes on almost every country on earth.

Economy

Inflation in France, Spain and Italy was lower than expected in August

Inflation remained subdued in three of the four biggest economies in the European Union, fuelling hopes that the European Central Bank will not see the necessity to change the key interest rates in September.

Markets

UK bank shares tumble as sector fears new tax

British banks Barclays, Lloyds and NatWest saw their share price fall following news that the UK government could implement new taxes on the sector to fill a sizeable gap in the budget.

Economy

Fed Governor Lisa Cook sues Trump over move to fire her

The case could become a turning point for the 112-year-old Federal Reserve, which was designed by Congress to be insulated from day-to-day political influence.

Economy

Boost for Trump as US growth revised higher in Q2

The US economy rebounded this spring from a first-quarter downturn caused by fallout from President Donald Trump's trade wars.

Business

Trump calls for billionaire George Soros to face federal charges

The US President blamed the billionaire philanthropist, who is an important donor to the Democratic Party, for supporting ‘violent protests’ across the US and called for Soros and his son to be charged with racketeering.

Business

Chinese BYD triples its sales in Europe while Tesla is losing momentum

New EU car registrations jumped by 7.4% in July year-on-year. EV sales are increasing, but Tesla is losing momentum in the bloc as Chinese competitor BYD grows in popularity, tripling its sales in the first seven months.

Business

Nvidia AI chips sales rise but so do fears of an AI bubble bursting

Nvidia, the world’s most valuable company, is not seeing its sales grow as quickly as expected, fuelling investors’ worries about a persisting tech bubble.

Economy

UK energy bills set to rise by 2%, fuelling inflation fears

Average UK households can expect a rise of around £2.93 (€3.40) a month in their energy bills, according to the UK energy regulator Ofgem, which sets the energy price cap for households and businesses.

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