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Business

Mediobanca shareholders reject bid to acquire Banca Generali

The rejection could threaten Mediobanca’s independence as the Milanese lender seeks to fend off a takeover by Italian competitor MPS.

Focus

UN summit in Turkmenistan sets 10-year plan for landlocked nations

In partnership with LLDC3 - Awaza, Turkmenistan

In Awaza, Turkmenistan, the United Nations set a 10-year roadmap to tackle the economic, trade and infrastructure challenges facing 32 landlocked developing countries across four continents.

Markets

Pop Mart shares rise 12% as Labubu maker announces new mini doll

The firm announced the launch of a new Labubu doll as the furry elf toys continue to take the world by storm.

Business

Japan's SoftBank to buy $2 billion stake in chip maker Intel

The Japanese tech giant has been increasing its investments in the US since the beginning of US President Donald Trump's second term.

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Economy

Growth fades in Europe: Is the recovery already running out of steam?

The eurozone economy barely grew in the second quarter. Germany and Italy contracted, while Spain continued to shine.

Economy

The new 'Tiger economy': Vietnam's 2045 get rich quick plan

Vietnam wants to follow in the footsteps of Taiwan and South Korea, but focusing on one single industry is no longer viable to build a strong and resilient economy.

Economy

Norway’s sovereign wealth fund sells its shares in 11 Israeli firms

The fund held stock in 61 Israeli companies at the end of June this year, although public pressure to terminate the contracts has been mounting.

Markets

Gold futures rise after report Trump has placed tariffs on gold bars

The futures reached a record high on Friday after the US reportedly placed tariffs on imports of one-kilo gold bars.

East-West Connect

Kazakhstan aims to turn tourism into a €10 billion business by 2029

In partnership with MDQ

Kazakhstan wants to grow tourism’s output to €10 billion by 2029 and attract 15 million annual visitors. In this episode of East-West Connect we look at the government’s plan to achieve these goals.

Focus

Kazakhstan is drawing foreign direct investment, even as global FDI flows slow. Here’s how:

In partnership with MDQ

FDI in Kazakhstan is slowing, but multibillion-euro deals are still landing. Officials call the shift cyclical, not a sign of waning investor confidence.

Business

Azerbaijan’s SOFAZ invests in Italy’s solar future

A sovereign wealth fund built on hydrocarbons is helping power Europe’s clean energy transition.

Business

Losses and job cuts at Intel as chipmaker drops projects in Europe

Continued lay-offs and further spending cuts are part of the turnaround plan of the US-based chipmaker to save the company's future, as it has just reported further losses for the second quarter of the year.

Business

Sanofi buys UK’s Vicebio for over €1bn to expand vaccine portfolio

French pharmaceutical company Sanofi said it is acquiring London-based Vicebio to expand its range of respiratory virus vaccines and add a non-mRNA vaccine to its pipeline.

Business

AstraZeneca pledges $50bn investment in the US amid 200% tariff fears

British-Swedish pharmaceutical company AstraZeneca is expanding its presence in the US in a bid to boost sales in its largest market.

Europe News

Germany's top firms present investment push to revive economy

Around 60 leading German companies pledged a major "Made for Germany" investment initiative on Monday, aiming to boost investor confidence in the country after two years of recession.

Earth News

Portugal to enforce beach access rules amid luxury resort development

Portugal has pledged stricter public access rules for a popular 45-kilometre stretch of its coastline amid concerns over rising housing prices and restricted beach access due to luxury resorts.

Markets

Shein files for Hong Kong IPO to speed up London listing, FT reports

The e-commerce platform filed for a London IPO around a year and a half ago, but has been unable to secure regulatory approval, partly linked to its exposure to the Xinjiang region.

Markets

July's seasonal magic: European stocks' summer rally revealed

European stocks historically shine in July, with the EURO STOXX 50 and STOXX 600 averaging strong gains and 70% win rates. French banks like BNP and Credit Agricole, along with luxury giants, show standout seasonal strength.

Business

Tech firms in Central and Eastern Europe chase the West’s progress

The combined market capitalisation of the 100 largest tech companies in Central and Eastern Europe amounts to nearly $117 billion, according to the "Digital Champions CEE 2025" report, prepared by the Digital Poland Foundation.

Economy

Why is the Asian Infrastructure Investment Bank significant?

The Asian Infrastructure Investment Bank (AIIB) is holding its 10th Annual Meeting of Board of Governors from June 24 to 26 in Beijing.