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Doloresz Katanich

Business

German AI start-up spends millions to move parent company from the US

In a highly unusual move, fast-growing German AI start-up Langdock has moved its legal headquarters from the US to Germany as it seeks to become a "European hyperscaler".

Economy

European markets recover ahead of expected Fed rate hike

European markets recovered modestly as oil prices and bond yields eased, while investors awaited the US Federal Reserve’s decision on whether to raise borrowing costs for the first time in three years.

Economy

Why is European money financing the American AI boom?

Eurozone households have hundreds of billions of euros invested in US technology. Analysts say Europe has the money and promising companies, but too few become accessible investments for ordinary savers.

Markets

US 10-year Treasury yield breaches 5% as global bond sell-off deepens

The benchmark 10-year US Treasury yield briefly touched 5.011% on Monday, its highest level since October 2023, before retreating.

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Business

SoftBank shares plunge as calls grow to slow AI development

AI development should slow down, leading developers have warned, as the industry faces growing calls to put safety ahead of profits. The comments weighed heavily on technology shares on Monday.

Economy

How the ECB rate hike will affect mortgage borrowers

The ECB’s decision was largely priced in before it was announced, but mortgage rates could rise further across the eurozone’s biggest economies as banks respond to persistent inflation and elevated market rates.

Markets

European bond yields hit multi-year highs as global sell-off continues

Long-term European government bond yields remain close to multi-decade highs, as inflation and interest-rate concerns keep driving the sell-off.

Economy

Trump dividend: What $5,000 would cost and what it could cover

What would Trump’s proposed $5,000 dividend buy — and could the US afford its estimated $1.2 trillion cost?

Economy

US Treasury yields surge as $6 billion bond buyback disappoints market

The sell-off threatens to push up borrowing costs for American households and businesses.

Economy

European gas prices keep climbing as IEA calls for emergency reserves

With European gas prices hitting the highest since early 2023, the International Energy Agency says governments should consider strategic reserves, more flexible contracts and closer international cooperation to prepare for future natural gas shortages.

Economy

Why a 50% harvest collapse won't leave shelves short of Champagne

France’s Champagne region is facing an extraordinary harvest collapse. Yet consumers should not expect the number of bottles reaching shops to halve — at least not yet.

Economy

Canada hits US goods with tariffs of up to 50% as trade war escalates

Canada’s retaliatory tariffs on billions of dollars’ worth of US products took effect on Tuesday, escalating an 18-month trade dispute between the two North American neighbours.

Business

Jaguar Land Rover cuts 4,000 jobs worldwide in effort to save costs

JLR said it would cut around 4,000 roles worldwide over the next two years as part of its plan to simplify its organisation and generate £1.7 billion (€2bn) in savings.

Tech News

UN rights chief warns AI could pose ‘existential risk to humanity’

Volker Türk has called for urgent global safeguards, independent checks and agreed limits on advanced artificial intelligence.

Tech News

Can tech giants curb AI data centres’ growing thirst for water?

As opposition to water-hungry data centres grows in the US, tech giants say new cooling systems can curb demand – but using less water may require more electricity.

Economy

Why is fuel expensive when crude oil hasn't hit record highs?

Pump prices could remain high in Europe, adding to inflationary pressure. The immediate problem is not just the supply or price of crude oil, but limited refining capacity, disrupted trade flows and shortages of finished fuels, particularly diesel.

Business

Uber cuts 10% of global workforce in biggest layoffs since the pandemic

Uber is cutting 3,300 jobs worldwide as it strips out management layers and merges teams, saying the savings will fund growth in areas such as robotaxis.

Economy

China demands France scrap fast fashion law targeting Shein and Temu

Beijing has threatened with unspecified measures in response to France’s new environmental penalties on ultra-fast-fashion retailers.

Economy

Europe's most charitable countries: Where do people give the most?

Ireland and Romania are among Europe's most generous countries, according to a recent report measuring both the share of people who give and the proportion of their income they donate.

Business

British energy giant BP names Ian Tyler as chair after boardroom turmoil

British energy giant BP has appointed Ian Tyler as its permanent chair following the abrupt removal of his predecessor over governance and conduct concerns in May.

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