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Doloresz Katanich

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.

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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.

Economy

Where in Europe are people most in favour of taxing the rich?

Nine out of ten people globally want to tax the super-rich to pay for climate action and public services, according to a recent survey. But where in Europe are people the most supportive of taxing the wealthy?

Markets

Nissan shares plummet more than 6% as Mercedes-Benz sells its stake

Nissan shares fell as German carmaker Mercedes-Benz, the second-biggest shareholder in the ailing Japanese carmaker, sold its stake.

Markets

Risk of French government collapse sends jitters through markets

Major European stock indexes opened lower on Tuesday, with the CAC 40 in Paris leading losses, following news that the French government may be ousted next month.

Business

OnlyFans takes $7.2bn from subscribers in 2024 as adult site booms

The site, featuring content including porn, saw steady growth in its subscriptions as well as its revenue in 2024. The company also paid a hefty $701 million (€599mn) in dividends to the controlling owner, Ukrainian-American businessman Leonid Radvinsky.

Business

Ørsted sees shares plunge as US halts work on offshore wind farm

The world's biggest offshore wind farm developer Ørsted saw its shares dive into the double-digit losses as the company’s Revolution Wind project received a stop-work order from the US authorities. This comes at a testing moment for the company's finances.

Markets

Gloomy opening on the European markets after Friday rally in the US

Leading European stock indexes opened lower on Monday following a major rally on Friday across the US markets. UK trading remained closed for a bank holiday.

Business

AI robo-delivery-dogs hit the streets of Zurich in Just Eat pilot

The Dutch food delivery company has teamed up with Swiss firm RIVR to deploy autonomous robot dogs for food delivery, piloting the tech first in Zurich and later in other European cities.

Markets

Markets rally as Fed Chair Powell signals Fed may soon cut rates

'Shifting risk balance may warrant policy adjustment,' said Jerome Powell in Jackson Hole, at the central bankers' annual meeting, hinting that the Fed may soon cut rates, even as inflation risks remain.

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