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Spain's Bizum heads to the high street to take on Visa and Mastercard

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Business

European bank profits rise amid markets rattled by Iran war

Three of Europe’s biggest banks delivered record or above-forecast profits on Wednesday. TotalEnergies posted strong earnings, while Mercedes-Benz turned more cautious as collapsing China sales and geopolitical uncertainty weighed on the outlook.

Business

How the Iran war boosted profits at BP and Barclays

Barclays' profits rose, but loan losses weighed on its first-quarter results. At the same time, oil giant BP’s earnings jumped, largely driven by an exceptional oil trading boom linked to the Iran war.

Business

Exclusive: Revolut set to open first physical store in Barcelona

Revolut is making its debut in brick-and-mortar retail with the opening of its first physical store in Barcelona.

Business

Germany has world's second biggest gold reserve. Time to cash it in?

To ease the burden on consumers, DIW head Marcel Fratzscher proposes selling part of Germany's gold reserves — currently worth around €440 billion.

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Partner content

Social investment is the key to economic stability in Europe. Here’s why

Partner content presented by CEB

Turning off the news these days can feel like a necessary pause from the chaos we live in: A war in Europe and another on its doorstep, a political shift towards defence spending, as well as nationalism and protectionism, and the global order being torn apart.

Business

European earnings preview: Who wins and who loses from the Iran war?

Eurozone growth has been cut, inflation is surging and the Middle East conflict has shattered the consensus growth story for European corporates. From Paris to Munich, earnings season begins next week.

Business

US bank Goldman Sachs placed under police surveillance in Paris

Police are on high alert days after a foiled attack on a Bank of America branch led to four people, including three minors, placed under formal investigation.

Business

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.

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.

Italy

Would-be bank robber trapped in Milan vault for nine hours

A 24-year-old man was arrested in Milan after spending nine hours trapped in a UniCredit vault during a failed robbery attempt. No one was hurt.

Business

Goldman Sachs' top lawyer to resign over close Epstein ties

Kathy Ruemmler will resign this summer as email releases show her close ties to sex offender Jeffrey Epstein, whom she named “Uncle Jeffrey”.

East-West Connect

How Kazakhstan plans to become Eurasia’s leading crypto hub

In partnership with MDQ

After illegal crypto turnover in Kazakhstan hit 95% in 2024, authorities responded by rewriting the rulebook.

Business

Monte Paschi board member resigns amid insider trading probe

Stefano Di Stefano, a senior official at the finance ministry and a board member of Monte dei Paschi di Siena, is under investigation by the Milan public prosecutor’s office.

Business

Trump sues JPMorgan CEO. Who else says 'lefty' banks shut them out?

The lawsuit alleges political “debanking” after the 2021 Capitol riots. Similar disputes have hit figures from Nigel Farage to Marine Le Pen, while banks reject claims of bias.

Economy

From colonial trade to Nazi gold: Why Portugal holds vast reserves

Even in the digital age, Portugal still relies on gold as a financial backstop, holding over 300 tonnes stored between Carregado and London.

Poland

550 tonnes: Poland has more gold than the European Central Bank

The National Bank of Poland has increased its bullion reserves to around 550 tonnes, valued at more than €63 billion.