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Doloresz Katanich

Economy

US inflation reaches 4.2%, clouding Fed rate-cut outlook

Annual inflation accelerated to 4.2% in May, driven largely by higher fuel costs, as rising prices continue to weigh on household budgets and cloud the Federal Reserve's interest-rate outlook.

Business

German-led fighter jet consortium launches after FCAS collapse

An Airbus-led alliance of eight defence firms will launch Team Gen 6 in Berlin, a German-backed sixth-generation fighter jet project intended to replace the collapsed Franco-German-Spanish FCAS programme, AFP reports.

Markets

Tech sell-off deepens but oil stays flat despite renewed Iran tensions

Global stock markets fell on Wednesday, extending a volatile week driven by concerns about rising inflation, potential interest rate hikes and escalating tensions in the Middle East.

Business

Airbus-led group proposes fighter jet alternative after FCAS collapse

The FCAS programme had been viewed as a flagship European defence project, aimed at strengthening military cooperation as Europe faces a more assertive Russia.

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Business

ChatGPT maker OpenAI files for IPO as AI rivals race to go public

OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts.

Economy

Robotaxis are coming to Europe — and the EU wants to speed things up

France, Germany, Italy and 14 other countries have signed a joint declaration to coordinate autonomous vehicle testing across borders, paving the way for faster adoption of the technology across Europe.

Business

Iran war fuel shock wipes out half of airline profits in 2026

Revenues are forecast to rise strongly and passenger traffic to hit new records, yet the global airline industry is seeing profits squeezed by an Iran war-driven jet fuel price shock, according to the industry's latest outlook.

Markets

European markets open mixed as AI stocks sell-off hits Asia

European stock markets had a mixed opening, as shares fell in Asia, with South Korea's benchmark dropping more than 5%. This comes as US markets saw sharp declines in several major artificial intelligence-related stocks on Thursday.

Business

Global steel crisis deepens as oversupply grows, OECD warns

The global steel industry is facing a growing crisis as subsidised production and excess capacity continue to distort markets, according to the OECD. It says state-backed steel production, particularly in China, is increasing pressure on producers in Europe and other OECD economies.

Business

Remy Cointreau posts 35% profit drop, shares jump on recovery hopes

French drinks group Remy Cointreau reported a 35% drop in full-year net profit on Thursday as tariffs slammed sales in its key China and US markets. Despite this, shares soared more than 10% on Thursday morning.

Business

SpaceX targets biggest IPO in history with $1.75tn valuation

The company said on Wednesday that it plans to list its shares at $135 each. The offering would value SpaceX at around $1.77tn (€1.56tn), making it one of the world's most valuable listed companies and potentially the largest IPO in history.

Economy

Prolonged Iran war could push economies into recession, OECD warns

The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday.

Economy

New US tariffs target EU among 60 economies over forced labour imports

The EU and UK are among the economies targeted by a new US tariff proposal linked to forced labour imports, potentially reopening trade tensions just weeks after Brussels reached a deal with Washington.

Business

Stellantis invests €1bn in France to produce new EV and hybrid models

The move comes as European carmakers face mounting competition from Chinese rivals and intensify efforts to expand their electric and hybrid vehicle offerings.

Markets

Five things to know about Anthropic's stock market debut plans

Anthropic appears to have gained an early lead over OpenAI in the race to go public. Its IPO filing signals that one of the industry's biggest players could become the first major generative AI company to reach public markets.

Business

Money transfer giant Wise faces Belgian probe over AML controls

Belgian investigators are examining whether the firm's services were used by criminal groups to launder proceeds from suspected fraud, corruption and drug trafficking.

Business

EasyJet shares rally as Castlelake weighs possible takeover offer

The budget airline's stock rose more than 12% after Castlelake said it was considering a possible offer. Prior to the rally, easyJet shares had fallen by around 23% over the past year against a backdrop of higher fuel costs and uncertainty linked to tensions in the Middle East.

Business

SoftBank to invest €75bn in France to help expand its AI sector

The project is SoftBank Group's largest AI infrastructure investment in Europe. Once completed, its planned 5 GW capacity would make it Europe's largest data centre project as the region seeks to expand AI infrastructure and compete with the US and Asia.

Economy

Higher borrowing costs raise economic and political stakes for Trump

US President Donald Trump faces renewed pressure from rising US borrowing costs as investors price in inflation risks linked to the Iran conflict, tariffs and concerns over long-term government debt.

Markets

Oil prices fall and markets rise on optimism over Iran ceasefire deal

Markets rallied, and oil fell after reports that the United States and Iran had agreed in principle to extend their ceasefire, boosting hopes of a sustained de-escalation in the conflict.

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