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European real wages near pre-COVID levels, but Iran crisis poses risks

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G7 pledges to take 'all necessary measures' to safeguard energy market

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TotalEnergies reaps $1bn windfall from Middle East oil war bet

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Europe Needs a New Mindset and the Courage to Act

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What would oil above $100 mean for food prices in Europe?

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SpaceX IPO: Musk plans to allocate 30% of shares for retail investors

Elon Musk is preparing to allocate as much as 30% of the shares in SpaceX’s forthcoming IPO to retail investors, according to Reuters. The alleged move represents a significant departure from usual Wall Street practice.

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BYD profit slumps 19% after record year edging Tesla off the EV throne

The Chinese electric vehicle giant posted a sharp drop in annual profit in 2025, squeezed by a brutal domestic price war — even as it outsold Tesla by more than 600,000 battery electric vehicles for the year.

Business

Promised $60 tickets, charged $4,185 — is the EC coming for FIFA?

Euroconsumers and the Football Supporters Europe (FSE) network have filed a formal complaint with the European Commission, accusing FIFA of abusing its monopoly position over 2026 World Cup ticket sales.

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Ships seek Iranian clearance in Hormuz as insurance costs surge

Surging insurance costs and tighter control over transit in the Strait of Hormuz are forcing shipowners to rethink voyages, with access increasingly shaped by risk, cost and coordination.

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EBRD investments reach €5.9bn in emerging Central Asian markets

The European Bank for Reconstruction and Development (EBRD) is expanding its investment programme in Uzbekistan, with total commitments approaching €5.9bn across more than 200 projects.

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Cars to defence: Will Volkswagen make parts for Israel's Iron Dome?

Volkswagen is reportedly in talks with Israeli defence company Rafael Advanced Defense Systems about potentially converting VW's Osnabrück plant, currently threatened with closure, to producing defence-adjacent parts.

Business

Helium supply crunch puts MRI services at risk amid Qatar disruptions

Iran's strikes on Qatar's Ras Laffan gas hub have disrupted helium production, showing how the conflict is rippling beyond energy markets to hit industries from technology to healthcare.

Business

Estée Lauder and Puig in talks to create potential €35bn beauty giant

Estée Lauder has confirmed merger talks with Spain’s Puig as it looks to strengthen its position in fragrances and reverse a prolonged sales decline.

Business

Revolut posts record revenue and profits amid rapid customer growth

Revolut posted record results in 2025, with revenue and profit soaring as the company seeks a global banking status.

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US to pay TotalEnergies $1bn to abandon offshore wind project

Washington will refund a French energy giant to exit US offshore wind plans, fuelling criticism from environmental groups.

Business

Portugal could declare an energy crisis — but what does that mean?

An existing energy crisis scenario allows the government to act directly in limiting prices, but this can only happen after an EU-level decision.

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Why Costa Rica’s economic model is attracting investment in uncertain times

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How Costa Rica built a resilient investment ecosystem combining stability, talent, renewable energy and precision manufacturing to attract global companies.

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EU–Iran trade: Which countries have the strongest economic links?

EU–Iran trade fell to its lowest level in two decades in 2025 due to sanctions. Trade continues on a limited scale, with Germany accounting for the largest share.

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Unilever considers selling food unit after receiving McCormick offer

The move would represent a major shift for the consumer goods giant, which is increasingly focusing on personal care and beauty products under its new chief executive.

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How UK–Europe Trade Is Driving the Next Generation of Manufacturing

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From electric vehicle batteries to aircraft wings, many of the products shaping Europe’s future are not made in one country alone. They are built across borders – with parts, expertise and technology moving between states – including between mainland Europe and the UK - at every stage.

World

French hotel group denies allegations of human trafficking in Ukraine

In a report by the American hedge fund Grizzly Research, establishments belonging to Accor are accused of harbouring Ukrainian children for adoption in Russia.

Business

Five European nations and Japan to 'contribute' to Hormuz security

The conflict around the Strait of Hormuz is starting to draw in global powers, as disruptions to shipping and energy flows raise concerns about wider economic fallout.

Business

Uber to roll out 50,000 Rivian robotaxis in Europe and North America

Uber will buy thousands of autonomous Rivian robotaxis and invest up to $1.25 billion (€1.1bn), aiming to launch a fleet of 50,000 vehicles by 2030.

Business

Strikes on Gulf energy hubs threaten global LNG supply for months

Strikes on key Gulf energy sites are becoming more frequent and more damaging, beginning to unsettle supply and expose vulnerabilities across the region.

Business

AI use at work in Europe: Which countries lead — and why?

A third of people in the EU used generative AI tools overall in 2025, and fewer than half of them used them for work purposes, bringing the share to 15%. AI use at work varies widely across Europe, with clear regional patterns.

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China treads carefully on energy interests in Iran war

The Iran war is disrupting global energy flows and increasing the risk of wider regional escalation, leaving major economies such as China walking a tightrope.

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New Almalyk Mining copper plant reaches 60m tonne capacity

The facility is expected to raise daily copper concentrate output and expand processing capacity.

Business

Tankers still cross Strait of Hormuz as Iran controls who gets through

Dozens of ships are still navigating the Strait of Hormuz as Iran keeps oil flowing, despite continued attacks aimed at one of the world’s most critical trade routes.

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Piety at home, property abroad: What are Mojtaba Khamenei's assets?

Official sanctions records, corporate filings and land registry documents point to a vast financial network possibly tied to Iran's new supreme leader.

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Why is petrol more expensive in Germany than most places in the EU?

Germany has been hit particularly hard by rising petrol prices compared to the rest of the EU. A task force set up by the German government aims to counteract this while exposing the oil companies' profit scam.

Business

Nvidia forecasts $1tn in AI-driven orders by 2027

Chief executive Jensen Huang says surging demand for artificial intelligence tools could drive Nvidia’s sales towards $1tn within two years.

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No more waiting: Businesses push for clarity from EU institutions as packaging law applies soon

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Time is almost up for the EU Packaging and Packaging Waste Regulation to take effect on 12 August 2026.

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Why the UK is Europe’s Technology Partner of Choice

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As the UK and Europe reset their trading relationship, technology is emerging as one of the most dynamic areas of cooperation.

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Portugal's food basket cost at all-time high but not due to Iran war

The basket of food products monitored by the Portuguese Association for Consumer Protection reached an all-time high this week. However, the increase cannot yet be justified by the Iran war.

Business

BMW profits fall 11.5% to pandemic-era low due to tariffs, China slump

BMW's operating profit fell 11.5% to €10.2 billion in 2025 — its lowest since the Covid pandemic — as tariffs and a China sales slump dragged the automotive segment's margin down to 5.3%.

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Rheinmetall expects 45% growth and defence pivot yet shares still fall

German arms maker Rheinmetall posted surging profits and forecast rapid growth for 2026 — but investors do not seem impressed, sending shares lower.

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US Justice Department digs into Iran's sanctions evasion via Binance

The US Justice Department has begun investigating Iran’s alleged use of Binance to circumvent sanctions, especially funds transferred through the crypto exchange to finance terrorist organisations like Yemen’s Houthi militants.

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Authorities probe spike in Portuguese exports to Russia-tied countries

Countries with close ties to Russia have seen an increase in imports of Portuguese products that are under EU sanctions following the 2022 invasion of Ukraine.

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Porsche's €3.9bn writedown cuts automotive profit by 98% in EV retreat

Two one-time charges nearly wiped out Porsche AG's operating profit in 2025, a collapse that highlights the challenges that lie ahead for Europe's long-term EV strategy.

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Volkswagen axes 50,000 jobs after profits collapse by nearly half

Volkswagen Group profits slumped by almost half in 2025. Trade conflicts, difficulties in China and the change in strategy at Porsche are putting Europe's largest car manufacturer under pressure.

Business

As bombs fall, gold prices rise — and Poland is taking notice

Geopolitical unrest is driving private investors away from virtual instruments and towards physical bars and coins — assets you can lock in a safe, carry in a suitcase or bury under the floorboards.

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EU enlargement: What's in it for European businesses?

The EU’s enlargement commissioner has urged businesses to invest in candidate countries, while new survey findings from the Confederation of Swedish Enterprise reveal that many European companies remain hesitant.

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Bahrain declares force majeure as Iran sets its only refinery ablaze

Bapco Energies invoked force majeure on Monday after a strike set the Al-Ma'ameer facility ablaze, joining Qatar and Kuwait in suspending shipments as Iran escalates its attacks on Gulf energy infrastructure.

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The new frontier: Record €42.5bn pours into Central and Eastern Europe

The M&A markets in Poland, Austria, Romania and Lithuania were the most attractive for foreign capital in Central and Eastern Europe in 2025. The region attracted a record inflow despite the war in Ukraine, the slowing German economy and trade tensions.

World

The son also rises: Mojtaba Khamenei's reported European empire

Investigations have traced a reported €400m European property empire — including luxury hotels in Frankfurt — to associates of Mojtaba Khamenei, the newly elected Ayatollah.

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Iran's Gulf energy site strikes rattle markets, raise recession fears

Iran’s apparent erratic strikes all over the Gulf and now Azerbaijan, together with its stranglehold of the vital Strait of Hormuz, have resulted in a growing strain on the world’s global energy supplies with incalculable consequences ahead.

Business

Why Asia sits at the centre of the global LNG shock

Middle East tensions and energy infrastructure disruptions are rattling global LNG markets, hitting Asia hardest.

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The country likely winning from Iran's Hormuz gambit? Russia

The world's most critical shipping chokepoint is becoming a geopolitical battleground — and Russia may be the unlikely winner.

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Oil prices jump after Qatar warns disruption could push crude to $150

Oil prices surged on Friday after warnings from Qatar that the war will force Gulf to stop energy exports "within days".

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