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Central Asia's first wind-and-battery project nears completion
Twenty-five of the 26 turbines are already supplying the national grid, while the storage system undergoes safety checks. The €232m investment includes international financing and a 25-year electricity purchase agreement, as large-scale storage installations in Europe more than doubled in 2025.
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Why Spain is taking 188,000 tonnes of olive oil off the market
The world’s biggest olive oil producer is holding back 12% of its output from November to stop producer prices falling further. It’s the first time Spain has used the measure, which is expected to keep about 188,000 tonnes off the market until the end of September 2027.
Business
UK tax havens linked to €8bn in EU tax losses: Who loses most?
EU countries lose nearly €60bn a year to corporate profit shifting, the Tax Justice Network estimates. It links about €8bn of those losses to the UK and its tax haven network, even as the UK itself ranks among the countries that lose the most worldwide.
Business
Leonardo tops €60 billion in orders as defence, drones and space grow
Leonardo recorded a 28% increase in orders in the first nine months of 2026. The Italian group is focusing on defence, aerospace, drones and new industrial partnerships, while the acquisition of Iveco Group's Defence division has strengthened its position.
Business
Uzbekistan expands key highway on China-Europe trade route
Freight operators report faster journeys and lower transport costs as infrastructure improvements strengthen regional trade links. But border delays remain a significant obstacle, prompting further investment in modernising cross-border procedures.
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Krugman to Euronews: Rent caps can ease Europe’s housing crisis
Paul Krugman says modern rent-stabilisation models preserve construction incentives while easing an "impossible" situation. He also warns a French debt crisis could be "catastrophic" and urges Europe to adopt "temporary protectionism".
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Portugal signs TAP sale contract with Lufthansa, pledging to keep airline Portuguese
The government and Lufthansa have signed a contract for the sale of TAP to the German group, which says it will remain a "Portuguese airline"; the prime minister pledges to preserve the "TAP brand and identity".
Business
Anthropic swings to loss as massive compute bill looms over IPO
Anthropic’s revenue jumped 47% to $17 billion (€15.1bn) last quarter, but the developer of the Claude AI models slipped back into an operating loss and revealed close to $900 billion (€804bn) in commitments, mostly for computing, numbers investors will weigh ahead of its Nasdaq listing.
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Central Asian mineral trade moves beyond investment discussions
At a forum in Tashkent, participants examined technology transfer, financing and transport routes. A recent German-Kazakh industrial roadmap and preliminary financing terms with a French bank illustrate the different stages of cooperation.
Business
BP profit quadruples as Iran war sends refining margins soaring
BP's net profit quadrupled between July and September as the Iran war sent refining margins and oil prices soaring, with the British energy giant beating forecasts and cutting its net debt by $8.4 billion (€7.5bn) ahead of a strategy update in December.
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‘I’m not a candidate for anything’: What Lagarde told Euronews before quitting the ECB
Christine Lagarde told Euronews in an exclusive interview in July that she was not a candidate for any political office. Her announcement that she will leave the European Central Bank early, in February 2027, comes just months before France’s presidential election.
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South Korea fines Google and Apple over app store payment rules
South Korea has fined Google and Apple a combined 63.7 billion won (€42.7m), for steering app developers towards their in-house payment systems and holding up app reviews, adding to a string of penalties the US tech giants face over app store rules, including in the EU.
Business
Microsoft offers around 60,000 employees voluntary buyouts
The offer will be made available to employees on select teams across the US, Canada, India and the United Kingdom "at level 70 and below," meaning some senior staff could be included. Around 60,000 employees are reported to be eligible.
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Galp and Moeve fail to agree merger of refining and distribution operations
Portuguese multinational energy corporation Galp confirmed that talks with shareholders of major Spanish energy firm Moeve, to merge downstream operations, have collapsed, and says the result will not affect its operations.
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Revolut to launch platform for investing in private tech companies
Revolut announced on Monday the launch of Revolut Ventures, a new platform developed with Carne Group to give eligible investors access to private technology companies, an investment market traditionally reserved for wealthy individuals and large institutions.
Business
Why Musk wants to merge Tesla and SpaceX before Trump leaves office
Elon Musk has opened the door to merging Tesla and SpaceX into a $3.5 trillion (€3.1tn) giant, the latest step in years of folding his companies into one another, with a deal reportedly aimed at closing before US President Donald Trump leaves the White House.
Business
What does Lufthansa gain from its TAP Air Portugal deal and when?
Lufthansa expects about €450 million a year in synergies from buying up to 49.9% of TAP Air Portugal for €1.2 billion, but Portugal’s continued control, lengthy regulatory reviews and the slow progress of its ITA Airways deal suggest the gains could take years to arrive.
Business
Can European luxury brands still count on China for growth?
China’s shoppers are hunting for second-hand bargains and turning to homegrown brands, putting pressure on European luxury groups. China remains vital for luxury brands, but one analyst warns it may not drive growth over the next two to three years.
Business
Central Asia’s $5bn ‘Gas Ring’ plan aims to boost energy security
A proposed $5bn (€4.45bn) gas network could help five Central Asian countries share supplies and meet winter demand. The ‘Gas Ring’ would link new and existing pipelines, but funding and agreements between governments remain to be finalised.
Business
Inside the world’s biggest fine jewellery factory: Pandora’s next bet
Pandora invested $150 million (€132mn) in a Vietnam factory, which it says will operate entirely on renewable electricity. The company also switched to using 100% recycled gold and silver in its jewellery production in 2024.
Business
Uzbekistan signs $4.7bn energy deals, plans two more nuclear plants
Foreign firms including ACWA Power, EDF and Toyota Tsusho are involved in projects covering 3,000 MW of generating capacity and 400 MW of storage. Tashkent is also preparing 128 oil and gas exploration blocks for investors and pursuing a future electricity connection to Europe.
Business
Could Tesla’s flying car send sales and shares soaring?
Tesla revealed its next-generation Roadster on Thursday in Texas, with one of the three new versions performing a jaw-dropping kickflip and demonstrating flying capabilities. However, analysts contacted by Euronews Business do not expect the model to generate significant revenue.
Business
UniCredit cleared by ECB to take control of Commerzbank
The European Central Bank has authorised UniCredit to exceed the 30% shareholding threshold in Commerzbank. The Italian lender expects to be able to take control of the German bank around the end of the year, subject to remaining regulatory steps and conditions.
Business
Anthropic revenue jumps 46% ahead of $2 trillion IPO bid
AI developer Anthropic grew its sales by about 46% to $16.8 billion (€15bn) last quarter and turned an adjusted profit, it told investors on Wednesday, weeks before a November stock market debut that could value it at up to $2 trillion (€1.79bn).
Business
ASML posts record sales and warns it can’t keep up with AI demand
Dutch equipment supplier ASML warned on Wednesday that its planned supply of machines will not fully meet customers’ AI-driven demand in 2027 and 2028, as it reported record quarterly sales of around €11.7 billion and lifted the lower end of its full-year sales forecast.
Business
Europe’s satellite sovereignty ambitions face EU funding test
Regulators, EU officials and Spanish satellite operator Sateliot gathered at the European Parliament on Tuesday to debate how spectrum and investment will shape Europe’s networks in orbit, with the EU’s 2021-2027 space funding cycle ending next year.
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Business
French MPs push exit tax on crypto holdings above €800,000
French MPs want wealthy crypto investors who leave the country to pay tax on their paper gains, under an amendment backed in committee last week alongside fines of up to €10,000 for undeclared self-custody wallets, though every measure must be voted on again.
Business
German logistics group Rhenus plans 14 Middle Corridor terminals
Global logistics company Rhenus Group plans to build a new multimodal hub in the Kazakh city of Aktau and develop up to 14 terminals along the Middle Corridor. This network will link Uzbekistan, Kazakhstan, Azerbaijan and Türkiye, and connect the route to the company's infrastructure in Europe.
Business
QatarEnergy eyes LNG production in early 2027 amid $3bn loan reports
QatarEnergy is advancing its LNG expansion and has reportedly secured a $3 billion (€2.68bn) loan from Chinese banks as war damage and shipping risks constrain exports. Shipments through Hormuz are recovering, but remain far below pre-war levels.
Business
Samsung flags 783% profit jump to record $80bn as AI chip boom surges
Samsung Electronics estimated on Thursday that its third-quarter operating profit jumped almost ninefold to a record 107.4 trillion won, or $80.2 billion, while sales at Taiwan's TSMC hit a quarterly record, as the AI boom keeps demand for chips strong.
Business
UBS only European bank in AI adoption top 10 led by JPMorgan Chase
UBS is now the only European lender among the top 10 banks judged most advanced in adopting artificial intelligence, after HSBC dropped out of the top tier of the Evident AI Index, while JPMorgan Chase widened its lead and North American banks tightened their grip.
Business
UniCredit gets Putin’s approval to sell part of its Russian business
The Italian bank plans to keep its international payments business while selling its other Russian operations. The approval contrasts with Moscow’s recent moves to place several Western companies’ local assets under temporary management.
Business
Moonshot AI eyes Hong Kong IPO in early 2027 after a $50bn valuation
Chinese AI start-up Moonshot AI is targeting for a Hong Kong listing in early 2027 after its valuation hit $50 billion (€44.6bn), while rival DeepSeek is raising between ¥80 billion (€10.6bn) and ¥100 billion (€13.3bn) in a round led by Tencent and CATL, fuelling bets on its own market debut.
Business
Fuel prices in Italy: tax cuts end, diesel rises and hauliers threaten strikes
With tax breaks expiring and the decree on flexible excise duties delayed, diesel prices are rising again. The haulage sector warns of a strike as the government summons oil companies that have introduced initial capped prices.
Business
Schneider Electric shares plunge on record $22.6bn PTC deal
French energy technology group Schneider Electric has signed a definitive agreement to acquire Boston-based PTC for $22.6bn (€20.1bn) to expand its industrial AI business. The French company's shares plummeted on Monday following the announcement.
Business
Europe and Central Asia target faster Trans-Caspian trade
Transit along the Trans-Caspian Corridor currently takes around 35 days, with a target of cutting this to between 15 and 20. Officials say customs, digital systems and predictable border procedures are as important as new railways and ports.
Business
EU watchdogs question Binance over unlicensed European operations
European regulators are questioning Binance over its use of a narrow legal exemption to keep serving EU customers without a licence, the Financial Times reported. Binance told Euronews it is working towards authorisation, while ESMA said enforcement is a matter for national authorities.
Business
AIIB reaffirms commitment to close global infrastructure financing gap
The 11th AIIB annual meeting brings policymakers, investors and business leaders from around the world to Doha to explore how technology, sustainability, connectivity and investment are reshaping the way cities and economies develop.
Business
Europe’s carmakers compete with AI for chips and critical materials
Europe's car industry is most at risk from its reliance on a handful of countries for chips and critical materials, according to a new report which warns that going electric is pitting carmakers against AI and data centres for the same supplies.
Business
Exclusive: Germany shields parts of Deutsche Börse from EU oversight
The EU is negotiating a reform in Brussels to better integrate its capital markets. Germany has secured an exemption for major European operator Deutsche Börse’s domestically focused trading venues from centralised supervision, leaving a key part of the system under regional control.
Business
Anthropic IPO filing warns AI may pose 'existential risks to humanity'
Anthropic has devoted almost a third of its IPO prospectus to risk factors, warning that its AI may pose "existential risks to humanity", while the filing also reveals a $42 billion (€36.9bn) net loss last year and a heavy reliance on just two customers.
Business
Five million robots now work in factories as humanoid hype is tested
Over five million industrial robots now work in factories worldwide, the highest total ever recorded, even as Boston Dynamics shelves a stock listing and Chinese regulators slow a rush of humanoid IPOs, showing a widening gap between practical machines and the humanoids capturing headlines.
Business
TotalEnergies raises buybacks to $2.5bn and promises higher dividends
TotalEnergies will buy back $2.5 billion (€2.2bn) of its own shares in the fourth quarter, up from $1.5 billion (€1.3bn) authorised for the third, and raise its dividend by more than 5% a year through 2030, as high oil prices boost the French energy giant’s earnings.
Business
Enterprise Uzbekistan targets global tech firms with special regime
A new business framework is intended to let foreign companies test innovative products, recruit international specialists and expand across regional markets. Investors see opportunities, while authorities finalise the rules ahead of a planned launch in early 2027.
Business
Bentley launches its first EV, and it could be its cheapest model
Bentley’s first fully electric car tests wealthy buyers’ appetite for luxury EVs, and it comes with a €408 million investment in its Crewe factory. The launch supports existing jobs at a time when several high-end rivals have delayed or dropped plans for electric models.
Business
Finance Watch warns of online tactics influencing retail investors
Online design tactics can influence consumers and retail investors, including minors, to make decisions that may not be in their best interests, while making information about potential risks less prominent, Finance Watch has warned.
Business
UK major banks make first interbank payments with tokenised deposits
Britain's largest banks have completed what the industry describes as the first transactions anywhere using tokenised deposits to move money between one another, a milestone for a blockchain-based form of bank money that the Bank of England favours over privately issued stablecoins.
Business
Surging prices, voters’ anger: France’s fuel crisis hits the campaign
In recent weeks, fishermen have blocked oil depots and port entrances in the south of France, while farmers have staged demonstrations over rising fuel prices. Fuel is set to become a major political flashpoint, just seven months away from France's elections.
Business
Turkey arrests Tera chairman as $18bn fund scandal widens
Turkish authorities arrested the chairman of Tera Yatirim Menkul Degerler AS on Wednesday morning, the brokerage at the centre of the country's current investment fund scandal, with funds worth more than $18 billion (€15.7bn) and held by over 450,000 people now being liquidated.
Business
Spanish farmers demand urgent aid as war in Iran drives up costs
Asaja, COAG, UPA, Unión de Uniones and the agri-food cooperatives are urging the government for direct aid over soaring farm diesel and fertiliser prices caused by the war in Iran, warning protests will go ahead if no action is taken.
Business
ECB calls for tougher EU crypto rules and curbs on dollar stablecoins
Europe's central banks want the EU's crypto rules tightened, calling for a wider ban on interest payments on stablecoins, new powers to curb tokens pegged to foreign currencies such as the US dollar, and EU-level supervision of crypto firms.
Business
City of London expertise moves closer to Tashkent’s investment reforms
The Tashkent International Financial Centre will operate under a separate legal framework as officials seek closer links with British counterparts. The wider push also includes international listings and efforts to attract more private capital.
Business
Volvo Cars appoints Škoda chief Klaus Zellmer as CEO for a turnaround
Volvo Cars has appointed Klaus Zellmer, current chief executive of Volkswagen's Škoda brand, as its next president and CEO, handing him the task of completing a turnaround at a carmaker whose shares have fallen by around 40% this year.
Business
A new wave of listings: Tashkent prepares companies for global markets
Uzbekistan’s investment fund (UzNIF) is preparing major companies in telecoms, aviation, banking and energy for potential listings. Uztelecom is currently the most advanced candidate as governance reforms advance and efforts to attract new capital gather pace.
Business
Revolut considers dual New York and London listing for IPO
Revolut is considering listing simultaneously in New York and London when it eventually goes public, its founder has stated, a plan that would keep the fintech partly at home while giving it access to the deeper American market it has long preferred.
Business
Germany's missile stockpiles 'worryingly low', Rheinmetall CEO says
In an interview with Euronews, Rheinmetall CEO Armin Papperger says Germany's missile stockpiles remain worryingly low and production must accelerate dramatically, while detailing the company's plans for cruise missiles, humanoid robots and space technology.
Business
France: TotalEnergies pumps up controversy with cut-price fuel
TotalEnergies service stations are accused of distorting competition as they display France's lowest-priced fuel. Supermarkets that usually sell fuel as a loss leader to pull in customers are furious, along with independent service stations.
Business
Here's how much idle savings are costing Europeans every year
Europeans are losing an average of €294 in purchasing power for every €10,000 they keep in the bank, according to a study from Revolut, which found €6.3 trillion sitting in low-yield deposits across 20 EU countries at a moment when Brussels is trying to push that money into capital markets.
Business
Trump concedes on ethics rules as major US crypto bill nears vote
US President Donald Trump has accepted ethics restrictions he had long resisted, removing the final obstacle to the CLARITY Act, the most significant crypto legislation ever attempted in the US, which now faces a decisive Senate vote on Tuesday.
Business
Italy extends diesel excise cut by one week: set to be last general discount
The Italian government has extended the discount on diesel at petrol stations: the 17.1 cent per litre cut will remain in force until 17 September. It is the 15th measure to curb rising fuel prices, with an overall cost of about €2.7 billion.
Business
Egypt, Greece and Cyprus back plans to bring Cypriot gas to Europe
Cyprus’ Cronos gas is expected to reach European markets via Egypt from 2028, with Greece offering an onward route into southeastern and central Europe. The three countries renewed their backing for the plan at their El Alamein summit.
Business
Growth nearing 1% of GDP and higher revenues: what it means for the 2027 Budget Law
According to economist Pietro Reichlin, speaking to Euronews, the 1% forecast "is realistic, but Italy remains last in the EU". Growth is not enough to widen the room for the 2027 budget, held back by structural flaws like low productivity and an ageing population.
Business
Sweden buys Lockheed Martin's HIMARS rocket artillery in €630m deal
Sweden's government has authorised its armed forces to buy the US-made HIMARS rocket artillery system from Lockheed Martin for around 7 billion Swedish crowns, almost €630 million, and has signed a parallel agreement with Finland to operate the two countries' rocket artillery together.
Business
French start-up Mistral AI raises €3 billion in Samsung-led round
French artificial intelligence company Mistral AI has raised €3 billion in a round led by Samsung Electronics, nearly doubling its valuation to more than €21 billion in what the company says is the largest equity fundraising ever completed by a European technology firm.
Business
French EDF Energy in talks to acquire smaller British rival So Energy
France's EDF Energy is reportedly in discussions to buy So Energy, the smaller British supplier whose Irish parent company has put it up for sale, in a deal that would add to a renewed wave of consolidation among UK gas and electricity retailers.
Business
Fitch upgrades Portugal to A+, its best credit rating in 15 years
The upgrade reflects years of falling public debt and stronger-than-expected growth in Portugal, Fitch said, restoring a rating not seen since 2011. President Seguro hailed the news, though Fitch cautioned that defence spending and housing costs still pose risks.
Business
Euroviews. STIHL chief: Reforms — this is how we can retain our prosperity
Germany's economy has been in crisis for years, writes Nikolas Stihl in an OpEd for Euronews. Better business conditions are key to breaking the stagnation, he argues — with nothing less than prosperity and the welfare state at stake.
