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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.
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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.
Business
Workers say AI makes them look more skilled than they are, study finds
A survey of nearly 10,000 employees across Europe and the Americas has found that most believe AI flatters their professional reputation, with 64% admitting they have used it to complete work they could not have done alone, raising an awkward question for managers deciding who to promote.
Business
France rejects Chinese discrimination claims over fast-fashion law
China has claimed that the new "anti-fast-fashion" law which came into force in France on Tuesday amounts to "discrimination." Responding to these accusations, a source from the Ministry of Foreign Affairs told Euronews that such claims were false.
Business
Norway seizes Russian ship over Ukraine's $4.2bn Crimea claim
Norwegian authorities have impounded a Russian-owned expedition cruise vessel in Svalbard on behalf of Ukraine's state energy company, Naftogaz, which is hunting Russian assets worldwide to collect on an arbitration award stemming from Russia’s illegal annexation of Crimea.
Business
Trump becomes first sitting US president featured on circulating coin
The US Mint has issued the 2026 US President Donald J. Trump $1 coin, marking the first time a serving American president has featured on a coin made for everyday use, with the Mint saying the pieces are already in circulation and rolls and bags going on sale from midday Eastern time.
Business
Death of Germany's richest man creates a giant charitable foundation
Klaus-Michael Kühne had no children and lived in a Swiss canton with zero inheritance tax. When he died, his €42.2bn fortune passed tax-free into a decades-old charity, instantly making it one of the wealthiest foundations in Europe.
Business
Qatar extends LNG cancellations as Hormuz disruption drags on
QatarEnergy’s latest cancellations run into early November. Buyers in Europe and Asia are finding replacement cargoes, switching to other fuels or using less gas, while no one knows when LNG shipping through the Strait of Hormuz will return to normal.
Business
TAP Air Portugal loses almost €100 million as fuel costs soar
TAP Air Portugal, the Portuguese state-owned airline currently in talks to be sold, posted a net loss of almost €100 million for the first half of the year, despite increasing revenue by 4% and carrying a record number of passengers.
Business
Nvidia earnings preview: The report the entire market is waiting on
Nvidia will report its second-quarter results after the US market closes on Wednesday, with analysts expecting revenue of roughly $92 billion (€78.8bn) and investors treating the chipmaker's guidance as a verdict on whether the AI rally still has room to run.
Business
What the new US sanctions on Iran mean for European businesses
The US has unveiled a sweeping expansion of secondary sanctions intended to sever Iran's remaining links to the global economy, warning that companies anywhere in the world that keep trading with Tehran risk losing access to the dollar system.
Business
Spanish workers spend the equivalent of 231 days paying taxes, study says
Tax Freedom Day fell on 20 August, according to Fundación Civismo. The think tank says the average worker’s tax burden has increased by 54 days since 2018, partly because of higher social contributions and income tax thresholds failing to keep pace with inflation.
Business
'Shared passion' for Dragon Ball Z brings Saudi-funded parks to France
A €6 billion Saudi investment will create three theme parks near Paris, born from a "shared passion" for Dragon Ball Z and anime Macron and Crown Prince Mohammed bin Salman discovered during talks in Riyadh last December.
Business
Spain's housing crisis: Why young people are swapping cities for villages
13% of would-be homebuyers plan to move to towns with fewer than 10,000 residents. Often single 35-year-olds on average incomes, they see depopulated Spain as their only escape from a housing market that has shut them out.
Business
Shein IPO aims for $27bn valuation — and Europe is key to its future
Shein is seeking a valuation of up to approximately $27 billion (€23.1bn) in its September flotation on the Hong Kong Stock Exchange, far below its reported peak of $100 billion in 2022. Europe is a key market, but new customs rules and regulatory scrutiny threaten its low-cost model.
Business
Nearly €1bn earmarked as five-part plan targets AI and exports
President Shavkat Mirziyoyev announced the measures at annual dialogue with entrepreneurs in Khiva. They include lower energy prepayments, new credit guarantees and easier access to capital markets, alongside regulatory changes that will limit inspections and shift the burden of proof to the state.
Business
The ECB's new banknotes send a clear message: Cash isn't going away
With cashless payments on the rise, and a growing belief that cash is being replaced by the digital euro, the European Central Bank (ECB) is introducing new banknotes carrying a clear message to citizens: cash is here to stay.
Business
Trump says Canada reached last minute deal with US to delay 50% tariff
The two allies traded goods and services worth close to $1 trillion despite their strained relations last year, as US President Donald Trump continues his relentless push to enforce tariffs and levies on his northern neighbours.
Business
BP returns to Venezuela as post-Maduro energy opening accelerates
Venezuela has awarded BP a licence to develop the offshore Loran gas field alongside state-backed partners from the UAE and Qatar, marking the British company's return to a country whose energy sector has been reopening to foreign investors since US forces captured Nicolás Maduro.
Business
What is Truth API? The $100,000 feed that has landed Trump a lawsuit
Two press organisations have asked a Manhattan federal court to shut down Truth API, the service launched this month that sells Wall Street firms faster access to US President Donald Trump's Truth Social posts for up to $100,000 a month.
Business
Italy petrol tops €2.6: opposition and groups sound alarm, govt weighs variable fuel duty
Fuel costs are back in the spotlight: in Milan and on motorways prices exceed €2.60 a litre. Opposition parties and associations warn of hikes hitting families and firms, while the Meloni government drafts measures to stem the crisis.
Business
No one wants to be the boss: Why is Gen Z turning down promotions?
Fewer young employees aspire to management roles and if businesses fail to develop new leaders and encourage Gen Z to take on managerial roles, they may find it increasingly difficult to maintain organisational effectiveness.
Business
Trump Media to sell faster access to key market-moving social posts
Customers will receive posts from Truth Social’s “most influential accounts” in milliseconds through a service aimed at financial institutions and professional traders. The feed could include Donald Trump’s market-moving posts, although the company has not confirmed which accounts will be covered.
Business
China ‘firmly opposes’ UK nationalisation of British Steel
The UK government announced on Thursday that it had passed legislation to nationalise British Steel, previously owned by China’s Jingye Group, to protect the country’s steelmaking capacity after Jingye moved to shut the company’s blast furnaces.
Business
The world's most profitable airlines: Record earnings collide with war
The nine most profitable airlines on the planet earned a combined $25.11 billion (€22bn) in their latest annual results, with Emirates keeping its crown. However, the numbers largely reflect an industry snapshot moments before the Iran war changed everything.
Business
TSMC posts record profit and pledges $100bn to expand US manufacturing
Taiwan Semiconductor Manufacturing Company (TSMC) beat Wall Street expectations on Thursday with a record second-quarter net profit, up 77% from a year earlier, while pledging a further $100bn (€87.4bn) to expand its chipmaking capacity in the US.
Business
AI demand lifts Europe's biggest company ASML's sales forecast
Europe's biggest company by market capitalisation, ASML, continues to benefit from the AI boom after raising its full-year net sales forecast to between €43bn and €45bn. Investors welcomed the upgrade, sending the shares up more than 5%.
Business
France and Spain meet in the most expensive World Cup semi-final ever
Tuesday's clash between France and Spain in Texas is not just a footballing spectacle, it is also, by market value, the costliest semi-final the World Cup has staged, with the two squads worth a combined $3.2 billion (€2.8bn).
Business
TSMC's June sales drive revenue surge of 68% ahead of earnings report
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 35.6% increase in revenue during the first-half of 2026, and of 68% in June, highlighting continued strong demand for AI chips ahead of the firm's full second-quarter earnings report later this week.
Business
Volkswagen lacks backing for overhaul plan with up to 100,000 job cuts
Volkswagen's proposed restructuring plan failed to win backing from the labour bloc on the company's supervisory board on Thursday, leaving uncertainty over additional job cuts and factory closures. The carmaker nevertheless laid out plans to reduce production capacity and simplify its model range.
Business
Can a new global defence bank unlock £100bn for rearmament?
Nine countries have thrown their weight behind a new multilateral bank designed to bankroll Western rearmament, but the notable caution of Europe's largest military and economic powers raises the question of whether it can become the answer to defence funding.
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.