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Doloresz Katanich

Economy

Italy eyes 3% EU deficit target this year, ahead of schedule

According to Prime Minister Giorgia Meloni’s government, the public deficit is at 3% already this year, bringing the Italian budget back on track with the European Union's finance rules.

Business

Elon Musk's fortune briefly jumped to a record $500 billion

The CEO of Tesla saw his fortune rise as the EV maker's shares jumped on the stock market, adding billions to Musk's fortune.

Business

Shein faces backlash as it prepares to open physical stores in France

Galeries Lafayette and other iconic French department stores could now house Shein's physical shops, with the Chinese fast-fashion brand expecting to create 200 jobs.

Markets

US shutdown pushes gold to new high, European markets mixed

European markets are mostly positive after a eurozone inflation release, while world shares are mixed following the US government shutdown.

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Business

Why do chocolate prices matter to the European Central Bank?

The European Central Bank noted that food prices are increasing faster than inflation on average in the bloc.

Economy

Trump sets tariff on timber and lumber, citing national security risks

Imported wood and furniture "threaten to impair the national security of the US", according to the administration.

Markets

Gold prices hit a record high as uncertainty mounts in the US

Gold is trading above $3,850 an ounce as investors' concern grows over a US government shutdown.

Markets

AstraZeneca to list shares in New York, without leaving the UK

Amid concerns it might leave the UK, the pharma giant reaffirmed its commitment to the country, keeping its headquarters, primary listing, and tax base there.

Business

Market shakeup on the cards as HSBC sees quantum trading breakthrough

In a world first, the bank successfully deployed the quantum technology to improve bond price predictions.

Business

Electric vehicle sales surge across EU as overall car market stalls

Battery-electric and hybrid models are gaining ground in the EU, while diesel and petrol car sales continue to lose momentum.

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).

Business

Tut Tut: The French start-up making community part of every delivery

Every day, thousands of individuals deliver groceries for their neighbours in France, brought together by a collaborative platform called Tut Tut. The app has just reached one million deliveries nationwide, although its founders say the aim is not job creation.

Economy

French billionaire Bernard Arnault slams wealth tax as 'deadly'

Politicians in France reacted to heated comments from the country’s richest man after Arnault called the Zucman tax a way to "destroy the French economy".

Business

Nvidia pledges to invest £2 billion to boost AI start-ups in the UK

This comes on the back of a series of tech announcements in the UK this week, shared while US President Donald Trump visits the country.

Business

Mars to invest €1bn in Europe as Kellanova deal remains unresolved

The American confectionery giant said that the investment will go towards modernising manufacturing, with factories in France, Poland and Lithuania among those set to benefit.

Business

European countries with the most government subsidies for buying EVs

While all EU member states offer some form of tax benefit to boost EV sales, there is a significant difference between their direct purchase incentive schemes, with some of the most generous ones coming from Southern European countries.

Business

Google pledges £5bn investment in the UK, creating AI-driven jobs

Over the next two years, the company plans to invest in AI-driven research and development units, claiming it will add more than 8,000 jobs a year across UK businesses.

Business

Alphabet hits $3 trillion market cap with shares on record

The Google parent company has attracted strong investor interest following a favourable antitrust ruling which stopped a forced sale of its Chrome browser.

Business

Ørsted proceeds with share sale at 67% discount to raise capital

Danish offshore wind energy company Ørsted is facing financial uncertainty after the Trump administration derailed its US projects.

Economy

Why the Fed is likely to cut rates as economic uncertainty mounts

Caught between economic uncertainty and political pressure, the Federal Reserve will decide this week whether to begin cutting interest rates after nine months — and by how much.

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