Business

China released economic data revealing a boost in retail sales and slower declines in home prices, signalling economic recovery amid recent stimulus efforts. This recovery could benefit European luxury and mining stocks, as China’s demand strengthens. ADVERTISEMENT China’s latest economic data showed recovery momentum in the world’s second-largest economy, largely influenced by a range of recent stimulus measures. October’s retail …

The F1 market is highly lucrative. Parent company Formula One Group is worth around $17.35bn (€15.94bn), making it the world’s 1072th most valuable company, according to companiesmarketcap.com. ADVERTISEMENT Formula 1 has extended a contract with the Monaco Grand Prix for six more years with the iconic city circuit being assured of its place until 2031. “I’m delighted,” F1 chief executive Stefano …

A lower battery-electric vehicle market share in 2025 is likely to make it much more difficult for the EU to meet its carbon emission targets as increasing the BEV market share and sales is one of the key ways car makers were planning to meet those goals. ADVERTISEMENT The outlook for the battery-electric vehicle (BEV) in the EU is continuing to …

A slowdown in productivity growth in Europe has became one of the key reasons behind a widening per capita income gap with the United States, according to the IMF’s latest productivity report. ADVERTISEMENT A thriving business sector, with young high-growth firms on the rise, especially in the tech sector – are key if Europe is to speed up its productivity …

The euro fell to 1.05 against the dollar on Thursday, hitting a fresh 13-month low as President-elect Donald Trump’s trade policies and tax cuts are expected to strengthen the greenback. Analysts warn of further euro weakness, potentially falling even below parity. ADVERTISEMENT The euro plunged to $1.05 against the dollar on Thursday, its lowest level since October 2023 and its …

Germany’s economic ministry has warned the Deutsche Energy terminal of a planned shipment expected to arrive at the Brunsbüttel facility, according to a report. ADVERTISEMENT The ministry has told the Deutsche Energy Terminal not to take any Russian LNG shipments after it was warned of a planned shipment, according to a report in the Financial Times.  The cargo was expected …

The sweeping changes to the royal warrant system, which dates back to the 1800s, are being widely seen as an attempt to modernise the monarchy under King Frederik X and Queen Mary. ADVERTISEMENT In a statement, Denmark’s royal court said that the labeling system that grants companies the right to use the image of the Danish crown on their letterhead, …

The Financial Stability Board said the technology could lead to herding, fraud and disinformation, as jurisdictions such as the EU examine the case for further regulation. ADVERTISEMENT Artificial intelligence (AI) could pose a risk to the financial system, international standard-setters warned on Thursday, as they probe an innovation that’s seen significant interest among banks and other financial firms.  Jurisdictions such …

Global tourism is making a striking comeback surpassing pre-pandemic levels. But as international travel surges, sustainability challenges have come into sharp focus. At this year’s World Travel Market in London, industry leaders gathered to discuss the future of travel and the challenges ahead. ADVERTISEMENT The 2024 World Travel Market, held from 6-8 November in London, showcased the tourism industry’s robust …

Spanish bank BBVA is experiencing yet another delay in its hostile takeover bid for Banco Sabadell, following increased requirements put forward by Spain’s antitrust regulator. ADVERTISEMENT Spanish banking giant BBVA has been told by Spain’s antitrust regulator, CNMC, that its takeover bid for Banco Sabadell would need to go through more extensive competition reviews.  This has dealt another blow to …