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Business

Top 2024 net earnings in Europe: Where do people make the most money?

In 2024, Northern and Western European countries recorded the highest average net earnings. The gap narrows when adjusted for purchasing power standards, but it remains significant.

Business

Munich Re reports wildfire losses but sticks with profit outlook

Germany’s reinsurance giant took a serious hit from the US wildfires, dragging down the company’s property and casualty reinsurance segments and almost halving Munich Re’s net earnings.

Business

Financial giants JPMorgan Chase and Morgan Stanley see earnings jump

The robust earnings updates come as President Donald Trump’s tariffs have sent jitters through global markets this week.

Economy

What portion of gross salaries do European workers pay in taxes?

Euronews Business examines the proportion of income taxes to average annual gross earnings across Europe. Tax rates vary significantly by country, with Nordic nations and Belgium generally facing the highest burdens.

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Economy

Pensions vs earnings across Europe: The highest and lowest comparisons

Pensions in the EU amount to some three-fifths of late-career work income. In many European countries, this rate falls below 50%, making it increasingly challenging for pensioners to maintain a decent standard of living.

Economy

How much of your disposable income goes to housing in Europe?

People in the EU spend 20% of their disposable income on housing. Euronews Business examines how housing costs as a share of income vary across Europe.

Travel News

Which digital nomad visa in Europe has the lowest income requirement?

Spain has just increased its income requirements, but its digital nomad visa still isn’t one of the highest in Europe.

Economy

Net vs gross salaries in Europe: What are workers really taking home?

Euronews Business examines how much of their gross salary an average person in Europe takes home across four scenarios, including marital status and children.

Business

BMW: German car maker's profits tumble as sales plunge in China

The iconic German car maker is the latest car manufacturer to be hit by falling sales, including in China, where sales were down by almost 30%.

Business

Stellantis revenue plunges as falling EU and US sales hit car giant

Europe's second-largest car maker, Stellantis, reported that its net revenues slumped by 27% in its latest earnings update as it aims to slim down its inventory and launch new products.

Business

Robust retail business gives boost to Banco Santander

Banco Santander's revenue increases, as the bank’s retail, wealth, consumer and payments branches all record strong growth.

Climate

Drought stops world's largest man-made lake from producing electricity

Experts say the crisis is even more devastating to Zambia's economy and fight against poverty than COVID-19 lockdowns.

Economy

Power to the people - should Europeans choose where their taxes go?

As France tries to find its way through political gridlock, the outgoing PM Gabriel Attal is looking for policies with cross-party support. One idea is to give more power to taxpayers.

Economy

Good news for Europe's top economies as disposable income rises

Disposable household income per capita in Europe's top economies crept up by 0.2% to 3.4% in the first three months of 2024. During the same period, real GDP per capita also saw growth across most European countries.

Economy

Apartment hunting: Where in Europe will it cost you the most?

While Serbia saw the biggest increase in apartment prices per square metre over the year, there is one country in Europe that still has the highest price per square metre, as well as the highest average income.

Business

Allianz, Europe's largest insurer, sees double-digit jump in profits

Profits at the German insurance group were driven by its property-casualty segment, which benefited from higher prices and relatively benign claims from natural catastrophes.

Business

Telefónica confirms 2024 targets after earnings meet expectations

The Spanish telecoms giant says it has started 2024 with "solid growth and profitability rates".

Business

BP pledge to cuts costs as profits fall below expectations

Energy giant BP is to launch a major cost-cutting programme after Q1 profits were hit by falling gas prices and a refinery outage and earnings fell short of analyst forecasts.

Business

UBS returns to profit for the first time since Credit Suisse takeover

The Swiss banking giant's shares were up more than 9% after the earnings report.

Markets

Back in profit: Barclays share price jumps nearly 5% on latest results

Shares in Barclays jumped on Thursday as the UK lender swung back to profit after reporting losses in the final three months of last year amid its efforts to restructure the bank's operations.