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Eurozone private sector logs strongest growth in over two years

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Economy

Here are the biggest economic risks for EBRD countries in Europe

Export competition from China and trade uncertainties are among the issues squeezing economic growth in the regions covered by the European Bank for Reconstruction and Development (EBRD).

Mobility

How dependent is Europe on Korean EV battery manufacturers?

Europe heavily relies on South Korean-run factories for EV batteries. About 75 per cent of existing battery cell manufacturing capacity in Europe is owned by Korean companies, 50 per cent of which is owned by LG, according to the International Energy Agency.

Economy

Eurozone business activity hits 15-month high in August

The eurozone's economy is gathering momentum as its latest business activity indicator, the flash composite PMI, increased in August, surpassing expectations. It was boosted by manufacturing, which expanded in the bloc for the first time since June 2022.

Business

Sweden’s Scania to export half of China-produced trucks at new site

Scania’s new Chinese production facility will open in October in a bid to reduce costs in the Asian market and stay ‘close to rivals’.

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Business

Volkswagen and Chinese partner SAIC to close Nanjing production plant

After 17 years, car manufacturing giant Volkswagen and partner SAIC are closing down their joint production plant in the Chinese city of Nanjing.

Economy

Which European economy stands to suffer the most from US tariffs?

One-fifth of the EU’s exports are heading to the US. Tariffs on the carmaking sector hit the German economy the most, but potential tariffs on the pharmaceutical one could cost substantially to the Irish economy.

Tech News

The Slovenian innovator transforming microchip manufacturing

In partnership with European Patent Office

Slovenian researcher Teja Potočnik has developed a platform to integrate nanomaterials into microchip manufacturing, cutting energy use and tackling the rising environmental footprint of data centres.

Economy

Eurozone manufacturing shows signs of recovery: Is the slump over?

While the Eurozone and Spanish manufacturing purchasing managers’ index (PMI) increased in May, the German manufacturing sector continued to lag for the 35th consecutive month.

Economy

Investing in Europe is at a nine-year low: Is a rebound coming?

Foreign direct investment (FDI) in Europe dropped to its lowest level in nine years in 2024, with France, Germany and the UK experiencing double-digit declines.

Europe News

Four former VW executives found guilty of fraud in 'Dieselgate' case

The German carmaker was accused in 2015 of rigging engine control software to let diesel-powered cars pass emissions tests.

Business

Mercedes moving production of its GLC SUV from Germany to the US

Due to the US President’s tariff policy, carmakers across the globe are considering boosting their local US-based production.

Economy

Eurozone recovery stalls as services weaken despite manufacturing rise

Eurozone growth barely advanced in April as services stagnated despite a manufacturing rebound. Cooling inflation boosts hopes for an ECB rate cut, but weak demand and falling confidence cloud the outlook.

Economy

China’s manufacturing drops to a 16-month low as Trump’s tariffs bite

China’s factory activity in April fell to its lowest level since December 2023 as US tariffs weighed on business sentiment. Analysts noted that importers have now adopted a “wait-and-see” approach after Chinese manufacturers rushed to complete orders in March.

Markets

Markets this week: Tesla, Microsoft and Alphabet earnings in focus

Investors will closely watch the trajectory of global business activity in the manufacturing and services sectors this week. Meanwhile, major US tech companies—including Tesla, Microsoft, and Alphabet—are set to report first-quarter earnings, driving the market movements.

Economy

BOJ survey says big manufacturers are gloomier as Trump tariffs loom

Japan is home to major auto and electronics firms, whose exports to the US are a major driver for the Japanese economy.

Economy

Eurozone business activity rises as Germany’s manufacturing rebounds

Eurozone business activity expanded for a third straight month in March, driven by a rebound in German manufacturing and easing inflation pressures, offering early signs of a more sustained recovery.

Economy

The UK economy unexpectedly contracts in January in setback for state

The British economy shrank in the first month of 2025 compared with December, driven by a decline in production.

Markets

Rolls-Royce shares soar as jet maker announces buyback, fresh dividend

Performance had significantly improved in all core divisions, the British jet engine firm revealed in its annual financial report.

Business

Luxury carmaker Aston Martin to cut 170 jobs after another annual loss

Job losses are expected to save Aston Martin £25 million as it struggles with supply chain disruptions, inefficiencies, and weak Chinese demand.

Economy

Manufacturing sector in France sees lowest fall since May 2024

Although France’s manufacturing sector suffered in February, the UK’s services sector saw growth this month, with Germany’s manufacturing PMI hitting its highest reading in 24 months as well.