Business

Revised figures show that the UK’s economy registered zero growth between July and September as both the services and production sectors saw marked declines. ADVERTISEMENT The UK economy remained stagnant in the third quarter of the year, with the quarter-on-quarter gross domestic product (GDP) growth rate coming in at 0%, according to the Office for National Statistics. This was down …

The move will create the world’s third-largest car maker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels. ADVERTISEMENT The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors had also agreed to join the talks on integrating their businesses.  “We anticipate that …

Novo Nordisk shares have plunged 20% amid the disappointing trial result of its latest weight-loss drug CagriSema. The fall wiped out €90bn in market valuation on Friday. ADVERTISEMENT Novo Nordisk has announced its latest trial result for the new obesity drug, CagriSema, which disappointed investors and sent its share price plunging 20% in Denmark on Friday, the sharpest one-day decline …

December often sees robust equity market gains, particularly in the second half. Seasonal optimism, portfolio rebalancing, and reduced volatility make it one of the strongest periods for European stocks, especially during U.S. election years. ADVERTISEMENT The holiday season isn’t just a time for gifts and celebrations; it’s also one of the most promising periods for equity markets.  The so-called Santa …

The eurozone economy is set to grow 1.2% next year, up from 0.8% this year, according to S&P Global Ratings, mainly boosted by a good performance from Spain. However, underperformance in Germany is likely to cap gains. ADVERTISEMENT S&P Global Ratings recently released its eurozone economic outlook for the first quarter of next year, estimating that gross domestic product (GDP) …

Euronews Business explores savings and planning tips which can help reduce overspending on Christmas. ADVERTISEMENT With the holiday season and Christmas looming, expenses may be rapidly adding up in the form of gifts, more social events, new decorations, festive food and holiday travel plans.  However, the rising cost of living being seen in several countries at the moment, along with …

This article was originally published in German After days of negotiations which looked like they had reached a stalemate, German workers union IG Metall has reached a deal to avoid Volkswagen plant closures as well as redundancies and wage cuts. ADVERTISEMENT After more than 70 hours of marathon negotiations, the IG Metall workers union has reached an agreement with the management …

The issue is that the tyre pressure monitoring system warning light on the vehicles may not stay on between drive cycles, failing to warn the driver of low tyre pressure. ADVERTISEMENT Tesla is recalling almost 700,000 vehicles because of an issue with the warning light on the tyre pressure monitoring system. According to a letter from the National Highway Traffic …

US president-elect keeps the prospect of a transatlantic trade war in the air, exactly a month before he is due to walk back into the White House. ADVERTISEMENT EU officials played down today Donald Trump’s latest tariff threat, after the US president-elect warned of dire consequences unless the bloc ramps up its purchases of American oil and gas. Trump posted today …

Global markets are set to end the week lower following the Fed’s hawkish rate cut on Wednesday, which sent government bond yields soaring, draining liquidities. ADVERTISEMENT Global stock markets ended Thursday in a sea of red following the Fed’s hawkish pivot, leading to a broad-based selloff not seen since August. The souring sentiment caused major benchmarks on both sides of …