Business

EU new car registrations in September were mainly dampened by poor figures from France, Italy and Germany. Once again, Spain bucked the trend. ADVERTISEMENT New car registrations within the European Union fell -6.1% in September mainly dragged down by Italy, France and Germany, according to the most recent data from the Association of European Automobile Manufacturers (ACEA). Italy faced a …

The IMF warns of widening US-Europe growth divergences, calling for increased public investment in Europe. While US growth forecasts have been upgraded, the eurozone faces downgrades, with key economies like Germany and Italy struggling to keep pace. ADVERTISEMENT The economic growth gap between the United States and Europe is expected to increase, the International Monetary Fund (IMF) has warned, calling for …

The producer of the Paddington Bear franchise Canal+, the pay-TV broadcaster owned by French media company Vivendi, is planning to list on the London Stock Exchange. ADVERTISEMENT Canal+, owned by the French media company Vivendi, is reportedly aiming for a London Stock Exchange (LSE) valuation of up to £6.7bn (€8.04bn). If so, this could be one of the biggest listings …

As part of the re-organisation, HSBC also announced the first-ever female finance chief in the bank’s 159-year history. Pam Kau, currently the chief risk and compliance officer, has worked for the bank for more than a decade. ADVERTISEMENT HSBC’s new chief executive officer (CEO), Georges Elhedery, has announced a major overhaul of the bank’s structure, splitting geographically into eastern and …

Amid rising tensions in the Middle East and the threat of Israeli retaliation, Iranians are scrambling to protect their wealth by investing in gold. ADVERTISEMENT The surge in demand for gold has driven up coin prices to as much as 30% above their intrinsic value with a number of factors contributing to the inflated gold coin price bubble within the …

As Disney appoints a new chairman, the struggle continues to find a suitable replacement for CEO Bob Iger. A successor must be named in 2026. ADVERTISEMENT Disney has named former boss of Morgan Stanley James Gorman as its new chairman – set to begin his duties early next year. He will succeed Mark Parker, who has spent nine years on …

AIB, one of the largest Irish banks, is planning a multi-million euro refit of its branches as it seeks to reiterate its commitment to maintaining its strong branch network in Ireland. ADVERTISEMENT Allied Irish Banks (AIB) is planning to invest some €40m in upgrading its network of branches throughout Ireland. This will mean 35 refurbishments, and will involve 112 branches, …

Mining company BHP is being sued for billions of euros by victims of a dam collapse in Brazil back in 2015. This lawsuit will be one of the biggest of its kind in English legal history. ADVERTISEMENT The UK trial concerning the Brazilian Fundão tailings dam collapse in 2015 is taking place, almost nine years after the incident. The lawsuit …

The UK’s financial watchdog found Volkswagen had sometimes confiscated cars from vulnerable customers “without considering other options”. ADVERTISEMENT The UK’s Financial Conduct Authority (FCA) has issued a £5.4m (€6.48m) penalty to Volkswagen Finance for mistreating borrowers between 2017 and 2023. In a statement on Monday, the FCA added that the financial unit of the German car maker would also have …

The American private equity firm has agreed to French government demands about protecting jobs and investment in France. ADVERTISEMENT French pharmaceutical group Sanofi and US private equity firm Clayton Dubilier & Rice (CD&R) have entered exclusive negotiations regarding the partial takeover of Sanofi subsidiary Opella. The news comes after the French government agreed to buy a 2% stake in Opella …