English

Indrabati Lahiri

Business

Electric Ireland announces gas and electricity price reduction

Electric Ireland’s most recent announcement is the third price cut in one year, with the previous two reductions having come into effect in November 2023 and March 2024.

Economy

EU construction outlook: Will there be a rebound next year?

ING reveals which European countries’ construction sectors are bouncing back and which are still a little slow to pick up.

Business

Job cut fears as MSC subsidiary wins stake in Germany terminal group

Mediterranean Shipping Company (MSC) is owned by Italy's Aponte family. Its subsidiary, Port of Hamburg Beteiligungsgesellschaft, has won approval to take a 49.9% stake in German terminal operator group Hamburger Hafen und Logistik (HHLA).

Business

Sanctioned Russian oligarchs bag stake in UK’s biggest oil company

Investment firm LetterOne, owned in part by sanctioned Russian oligarchs Petr Aven and Mikhail Fridman, has acquired a minority stake (14.87%) in Harbour Energy, which is the UK’s biggest oil and gas company with operations in Norway, Southeast Asia, Germany, North Africa and Argentina.

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Business

Revolut unveils new bill payment facility for businesses

Fintech company Revolut has unveiled a new bill payment facility for businesses after announcing a secondary share sale, in order to offer more liquidity to its employees.

Design

German carmaker Porsche to build luxury residential tower in Thailand

The Bangkok apartment building will be the third of its kind, following Porsche's iconic residential buildings in Stuttgart and Miami.

Economy

Finland looks to stop Russians buying property within its borders

Finland shares a 1,340km border with Russia and has recently also joined the North Atlantic Treaty Organisation (NATO) to increase national security in the face of the ongoing Russia-Ukraine war.

Business

Rolls-Royce engine issue forces Cathay Pacific to ground some aircraft

The airline industry has already seen some turbulence this year, following Boeing's 737-Max jet seeing a mid-air door panel blowout on an Alaska Airlines flight earlier in January.

Markets

Pound on track to be one of the best-performing currencies in 2024

The GBP/USD currency pair hit a two and a half year high of $1.32 earlier this year on 27 August, with analysts expecting the strong momentum to continue until the end of the year.

Business

Kurt Geiger urges Labour to bring back tax-free shopping for tourists

The UK government stopped tax-free shopping for tourists in January 2021, following the country's decision to leave the European Union and as it tried to tackle the country's parlous financial state.

Business

Where in Europe are best countries for setting up a new business?

Euronews Business reveals where in Europe entrepreneus may have an easier time dealing with the challenges of setting up a business.

Business

Time is money: Company boss sets out plans to stop staff wandering off

The managing director of a minerals company has set out plans to keep employees in the office for longer. The comments, made during a presentation, has resulted in some backlash.

Business

EU electric car sales stall as Germany lifts its foot off the pedal

Sales of electric cars have dropped off particularly in Germany as government financial incentives for electric vehicles slowed down. Consumers are also spending less amid fears of problems with the economy.

Business

Victoria Beckham pumps millions into her loss-making fashion business

Although the company has recorded a loss every year since its inception in 2008, performance has been improving in recent years, with narrowing loss margins.

Business

Burberry set for relegation from FTSE100 along with EasyJet

Burberry has been facing challenges such as changes in strategy and recently suspended its dividend. EasyJet has been dealing with the fallout of price wars because of last-minute bookings by passengers.

Business

GSK: Delaware Supreme Court agrees appeal over Zanac cancer case claim

GSK has consistently maintained that the expert testimony which claims that an ingredient in the antacid drug Zantac is linked to cancer cannot be relied upon - Delaware's highest court is allowing its appeal.

Economy

Back-to-school uniform cost stretches parents' budgets to the limit

The average debt for school supplies is reportedly €368, however, 32% of indebted parents say they owe more than €500 for back-to-school costs.

Economy

China export curbs on semiconductor materials fuel chip shortage fears

These restrictions are speculated to be China’s response to the US export curbs on the sale of advanced semiconductor chips to Chinese companies such as Huawei.

Business

European defence companies cash in as military budgets increase

European defence companies such as Thales and Rheinmetall have reported soaring orders as military budgets increase. Here's a look at some of the firms set to profit from the geopolitical uncertainty.

Markets

Preparing for the worst? Polish central bank goes on gold buying spree

The president of the National Bank of Poland, Adam Glapinski, recently revealed that the central bank would continue to buy gold, and is aiming for the precious metal to make up 20% of the bank’s reserves.

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