English

Eleanor Butler

Economy

French bond yields spike, stocks fall as another government collapses

Prime Minister Sébastien Lecornu resigned less than a day after his cabinet was appointed, spooking already-wary investors.

Markets

Oil prices jump after OPEC+ announces modest monthly output hike

Analysts forecast that the rise may be short-lived as soft demand threatens a supply glut.

Markets

Etsy shares soar 16% after OpenAI partnership on ChatGPT payment

OpenAI is allowing ChatGPT users in the US to buy from Etsy sellers through its platform. One million Shopify merchants, including Glossier and SKIMS, will also be available through the chatbot in the near future.

Business

Big Pharma’s retreat: Is NHS pricing behind investor pullbacks?

Multinational pharmaceutical firms are pulling pack or pausing investments in the UK, blaming a lack of competitive drug pricing.

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Business

Germany’s Bosch to cut 13,000 jobs at its auto-parts business

The engineering giant is hoping the job cuts will save €2.5bn as Europe’s car market crisis stretches on.

Economy

BCC: UK should subsidise pay to tackle young worker sickness plight

The UK must tackle long-term sickness if it wants to bolster its workforce and grow the economy, said the British Chamber of Commerce.

Economy

China gives up WTO developing-country status as tariff tensions linger

The US has long argued China should give up the developing-country status because it is the world’s second-largest economy.

Markets

Tech giant Alibaba sees shares rise after CEO pledges AI spending lift

The e-commerce company also launched its largest ever artificial intelligence model, the Qwen3-Max, as AI competition grows between tech firms.

Business

Disney brings Kimmel back: The cost of major company U-turns

Disney, which owns the network that runs Jimmy Kimmel Live, announced that the presenter would return to the airwaves after the show’s suspension last week.

Markets

Porsche shares slide after EV launch delay and altered profit outlook

The German carmaker saw its shares decline over 7% by Monday afternoon. Shares in Volkswagen — the firm’s biggest shareholder — also fell.

Markets

European markets open higher after rally on Wall Street, slide in Asia

An interest rate cut earlier this week by the US Federal Reserve has boosted sentiment in Europe and the US. Investors are also watching for news of a phone call on Friday between President Donald Trump and China's President Xi Jinping.

Business

Families of victims in Air India crash sue Boeing and Honeywell

The lawsuit alleges that the incident in June was caused by faulty fuel switches and accuses Boeing and Honeywell of negligence.

Economy

Eurozone inflation comes in softer than expected in August, at 2%

Inflation is now in line with the target set by the European Central Bank. As economic growth remains robust, more rate cuts from the ECB aren't likely to come soon.

Business

Nestlé chairman to step down after recent shock dismissal of CEO

The decision comes after shareholders criticised the chairman's handling of a scandal involving the firm’s CEO. Laurent Freixe was fired earlier this month after an investigation found he had failed to disclose a romantic relationship with a subordinate.

Economy

#RecessionIndicators: Is there truth behind the TikToks?

Makeup sales, marketing shifts, Labubu dolls. Gen Z has a lot of thoughts on what signals a recession.

Business

Microsoft deal brings OpenAI closer to becoming a for-profit firm

OpenAI is hoping to restructure itself into a for-profit company, although the move still requires approval from regulators in California and Delaware.

Markets

Warner Bros Discovery shares surge on Paramount Skydance buyout report

The report comes just weeks after the merger between movie giant Paramount and independent film studio Skydance Media.

Economy

Mexico to place 50% tariff on Chinese cars after US lobbying

The announcement comes as Washington places pressure on President Claudia Sheinbaum to crack down on Chinese industry in Mexico.

Business

Novo Nordisk to cut 9,000 jobs as Eli Lilly competition intensifies

The pharmaceutical giant will axe over 11% of its global workforce as rival Eli Lilly gathers market share in the obesity drug market.

Markets

Anglo American stock rises 9% after merger deal with Teck Resources

The tie-up is set to be the biggest mining sector merger in over a decade.

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