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Eleanor Butler

Business

Daimler Truck plans to cut around 5,000 jobs in Germany

The announcement comes as Daimler Truck holds its Capital Markets Day on Tuesday in North Carolina in the US.

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.

Economy

German exports drop as US shipments decline ahead of tariff deadline

Exports had jumped in February and March as German manufacturers sought to get ahead of tariffs threatened by the US. Shipments then dropped dramatically in the following two months, pointing to a short-lived surge.

Business

France’s Capgemini to buy WNS for $3.3bn to improve AI offerings

The acquisition comes as Capgemini seeks to expand its AI operations, and WNS will also provide more access to the US market.

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Business

Air France-KLM to take majority control of Scandinavian airline SAS

The Franco-Dutch airline is looking for consolidation options to help it compete with rivals.

Economy

Eurozone unemployment ticks up modestly as tariff uncertainty lingers

Businesses in Europe must contend with economic uncertainty when looking for new hires, although unemployment rates remains historically low.

Business

France’s Verkor calls for 'local for local' after Northvolt collapse

The EV battery firm, backed by Renault and other major investors, warns that support for European firms must remain steadfast — despite the collapse of Sweden’s Northvolt.

Business

Paramount pays Trump $16 million to settle ‘60 Minutes’ lawsuit

The payout comes after Trump sued CBS News for the editing of an interview with then-Vice President Kamala Harris in October.

Markets

US stocks rise as investors prepare for Trump’s tariff deadline

Many of Trump’s announced tariffs have been postponed and are due to kick back into effect on 9 July.

Business

RTL to buy Sky Deutschland for €150mn in TV consolidation effort

Media conglomerate RTL will have the right to use the Sky brand in Germany, Austria, Switzerland, Luxembourg, Liechtenstein and South Tyrol.

Business

Shell says it’s not in talks to acquire BP as takeover rumours swirl

BP’s share price jumped on the speculation that it could be acquired by Shell, following a report in the Wall Street Journal.

Business

Italy’s Monte dei Paschi bank gets ECB nod for Mediobanca takeover

Mediobanca has shown its opposition to the takeover bid, launched in January, warning it would weaken its business model.

Markets

Oil prices rise despite fragile ceasefire between Iran and Israel

Markets rose slightly on news that the ceasefire appears to be holding, while oil prices also continued to climb.

Business

AIIB elects former anti-corruption official as new president

Zou Jiayi has been elected as the next president of the Asian Infrastructure Investment Bank (AIIB) by the group’s board of governors.

Economy

German business sentiment rises: Ifo sees sixth consecutive lift

Firms in Germany are more confident about the business environment, partly thanks to the state's promised spending boost.

Markets

Oil price drops, shares jump as Trump announces Israel-Iran ceasefire

Stocks rose and oil prices fell on Tuesday after President Trump said Israel and Iran had agreed to a ceasefire.

Markets

The dollar sees a rebound after US strikes Iran, but can it continue?

The greenback may rise further if Iran decides to block the Strait of Hormuz, while the value of safe-haven alternatives like the euro and the yen are predicted to slide.

Markets

Oil rises and Europe's markets open lower after US strikes on Iran

The price of oil rose and stock markets fell as investors reacted to the US strikes against nuclear targets in Iran.

Economy

IMF chief: European lifestyle is at risk if productivity isn’t boosted

Progress on the single market needs to be a priority for the European Union, Kristalina Georgieva told Euronews.

Business

Netflix and France’s TF1 join forces as traditional TV struggles

All Netflix members in France will be able to watch TF1’s channels directly on the streaming platform as part of their existing subscription.

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