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Doloresz Katanich

Business

ECB tells banks to prepare for AI-powered cyber threats

The European Central Bank has given the eurozone's largest lenders until the end of October to explain how they will strengthen their cyber defences against increasingly capable AI systems.

Business

Sky agrees to buy British broadcaster ITV for up to £1.6 billion

The two British media businesses are set to come under one roof, as ITV has agreed to sell its broadcasting and streaming business to Sky for up to £1.6bn (€1.87bn), in a deal that would create a major new competitor to global streaming platforms.

Business

EasyJet shares jump 10% as board backs Castlelake takeover proposal

The budget airline said it has reached ‘an agreement in principle’ with US investment firm Castlelake.

Business

World's largest LNG container ship enters Asia-Europe service

Europe is investing in ever larger, cleaner container ships at a time when maritime sovereignty and supply-chain resilience have become strategic priorities.

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Business

Abivax rallies 36% as trial data ease safety fears over obefazimod

French biotech company Abivax said new clinical trial data supports the safety and effectiveness of its experimental ulcerative colitis treatment.

Economy

How Europe's growing need for cooling is reshaping electricity demand

Europe's June heatwave has driven up electricity demand and wholesale power prices across the continent, highlighting the growing impact of cooling needs on electricity systems.

Economy

Which jobs are most exposed to extreme heat in Europe?

Construction and agriculture are Europe's most heat-exposed industries, with transport, manufacturing and energy also facing growing disruption as climate change pushes temperatures higher.

Business

AI boom sends Xbox, Mac and iPad prices soaring

Microsoft and Apple are raising prices for Xbox consoles, Macs and iPads as the AI boom sends memory chip costs soaring, with prices increasing by up to $300 (about €265) and as much as 25%, depending on the product.

Economy

Brent crude falls below $74 for first time since Iran war began

Brent crude dropped below $74 a barrel on Wednesday for the first time since the start of the Iran war in late February, as investors continued to price out the geopolitical risk premium that had driven energy markets higher during the conflict.

Business

From $500 to $1tn: How Elon Musk built his fortune

From a video game sold for $500 (€430) as a teenager to a business empire spanning rockets, electric vehicles, AI and brain implants, Elon Musk has spent decades building companies that have reshaped multiple industries. Here's a look at the businesses behind the world's richest man.

Economy

Extreme heat in Europe: Which countries face the biggest costs?

France, Spain and Italy are among the European economies most exposed to the growing economic costs of extreme heat, which could reduce output by as much as 7% in some countries by 2030, Allianz Trade estimates.

Business

Apple CEO: Price rises ‘unavoidable’ amid AI boom

Tim Cook says Apple can no longer absorb soaring memory-chip costs driven by the artificial intelligence boom, signalling higher prices for consumers and raising concerns about broader inflation across the technology sector.

Economy

Fed keeps rates unchanged but signals possible hike this year

The Federal Reserve left interest rates unchanged at its first policy meeting under chair Kevin Warsh, but nearly half of policymakers signalled they could support a rate hike later this year as inflation remains elevated.

Business

BMW warns of ‘significant’ profit decline as shares fall 7%

The German luxury carmaker lowered its profit outlook for 2026 as sales slump in China and the conflict in the Middle East weighs on energy prices and consumer confidence.

Economy

Oil sinks to three-month low as IEA warns stocks at 35-year low

Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end. This comes as strategic oil reserves in advanced economies have fallen to their lowest level since 1990, according to the IEA.

Business

Rolls-Royce secures deal to build small nuclear reactors for Sweden

Rolls-Royce SMR has won a "multi-billion pound" contract to build three small modular nuclear reactors for Sweden, marking a major step in the British engineering group's ambition to become a leading supplier of the technology in Europe.

Economy

The skills employers value most in the AI era may surprise you

As AI takes on more routine tasks, employers are placing a higher premium on judgment, creativity and leadership, according to a new PwC report.

Economy

Trump threatens 100% tariff on French wines over digital tax

Washington and Paris are facing renewed trade tensions as the US president targets France's levy on large technology firms ahead of the G7 summit.

Economy

Rising housing costs push more Europeans towards homelessness

The increased cost of living is weighing on Europeans' rights, an EU agency said in a report published Thursday, citing rising housing costs that are making people homeless.

Markets

European markets open cautiously ahead of ECB rate decision

The European Central Bank is widely expected to raise interest rates for the first time since 2023 as policymakers respond to rising inflation fuelled by higher energy prices linked to the Iran war.

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