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The Portuguese pick for EU financial services commissioner

European Commission President Ursula von der Leyen entrusted a financial portfolio to a woman known for administering tough fiscal discipline during Portugal's sovereign debt crisis.

Business

ECB interest rate cut: How will it impact your personal finances?

The European Central Bank (ECB) cut interest rates for the second time this year on Thursday 12 September. Euronews Business asked the experts how it might impact your personal finances.

Europe News

The Draghi EU competitiveness report - the reactions

Mario Draghi’s anticipated report received mixed reactions, with green groups accusing him of 'dismissing the ecological crisis' and the finance industry acclaiming the bulky report’s call for 'massive investment' amid austerity fears.

Earth News

Report: Students are missing out on education due to climate change

Climate change isn’t just having a direct impact on education, it is also overlooked in climate finance spending.

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Business

Was Belgium's record €22 billion retail bond buy a one-off?

Last year the Belgian government set a new record by selling debt direct to its citizens. All eyes are on what happens when it matures next week.

Economy

Back-to-school uniform cost stretches parents' budgets to the limit

The average debt for school supplies is reportedly €368, however, 32% of indebted parents say they owe more than €500 for back-to-school costs.

Business

Swiss news group Tamedia calls time on print as focus shifts online

The company blames 'a rapid change in media usage' and a shift in the advertising landscape for the situation, adding it is going to focus instead on digital offerings.

Business

UBS sees profits soar as Credit Suisse deal boosts revenue

UBS's net profits soar above forecasts on a combination of cost-cutting measures, increased revenue through its global wealth management and investment bank units and the integration of Credit Suisse.

The Big Question

The Big Question: Why is it hard for banks to cut fossil fuel finance?

In this episode of The Big Question, the European Banking Federation CEO shares his thoughts on ending fossil fuel investments and the problem with doing it too quickly.

Business

Week ahead: Investors gauge the growth trajectory of Novo Nordisk

Risk-off sentiment may continue to shape market trends following a turbulent week. Novo Nordisk’s earnings will be in the spotlight as investors gauge the growth trajectory of Europe’s largest company.

Travel News

Easyjet, Ryanair, Wizz: The airlines charging families to sit together

The airlines that do - and don't - guarantee families will be kept together.

Markets

ASML: When the chips are down, is now a good time to buy?

ASML Holding saw its largest weekly drop since 2002, falling 17%, due to potential US restrictions on chip exports to China. Bank of America views the impact as manageable, suggesting the sell-off may be a buying opportunity.

Business

Nokia sees double-digit fall in Q2 profit with weak sales in 5G market

Similarly to its Swedish rival Ericsson, Nokia has suffered from customers buying less telecom equipment and operators cutting back on investments into 5G leading to many lay-offs in response.

Business

What would a UK-EU thaw mean for financial services?

An improved Brexit deal under new UK Prime Minister Keir Starmer’s Labour government could aid the City of London – but it won’t bring back lost jobs, experts say.

Climate

Germany could owe €16.2 billion for missing EU climate targets

Only six of the 27 EU member states have submitted national climate plans that are up to scratch.

Europe News

Who are the new faces in the British Labour government?

After a landslide Labour victory in the UK general elections, the new administration will have the first man of colour leading the foreign department and the first woman at the helm of Britain’s finances. Meet Keir Starmer's new lieutenants.

Markets

Decoding the digital euro: A potential new means of payment

The European Central Bank (ECB) is working on the preparatory phase of the digital euro to make it as close to cash as possible in terms of privacy, safety, and accessibility — yet stakeholders remain concerned about its design and necessity.

Business

Commission probes AI finance risk as it finalises new law

Overusing robots could lead to bias, panic or just bad advice, officials worry.

Earth News

Can the world agree on climate finance before COP29?

Countries are set to make a new commitment on climate finance at the UN climate conference in November this year.

Markets

Markets see 'emotional reaction' to European election results

European assets face a risk-off session post-weekend's parliamentary elections. The euro saw the worst two-day performance against the dollar since February 2023. All European indices were in negative territory.