The move marks the end of the privatisation of Greek lenders after debt crisis bailouts. ADVERTISEMENT Greece is preparing to sell a 10% stake in the National Bank of Greece, representing the end of a privatisation process following state bailouts more than a decade ago. The price range has been set to between €7.30 to €7.95, Greece’s bank bailout fund …
Read More »Business
How Switzerland is training up the next generation of luxury hoteliers
Switzerland has made a name – and business – for itself training up the next generation of hoteliers. Nestled in the hills above the city of Lausanne, the école hôtelière de Lausanne (EHL) is one of the schools doing just that. ADVERTISEMENT The stakes are high in a Michelin-starred restaurant – and they are even higher if getting your university …
Read More »Are these the most stressful jobs in Europe?
Some jobs are more stressful than others and some sectors have more stressful jobs within them than others. Euronews Business takes a look around Europe to see which countries have the most stressed employees. ADVERTISEMENT Global uncertainty and increasing cutbacks at work may be making it harder to find a job. At the same time, the rising cost of living …
Read More »German unemployment unchanged but signals weak performance
The German labour market usually picks up in September after the summer, but unemployment decreased much less than usual this month. ADVERTISEMENT German unemployment was stable in September sitting at 6% again, for the fourth consecutive month. However, the number of unemployed people decreased in real terms by 65,600, although the seasonally adjusted number showed an increase of 17,000, from …
Read More »French bond yield surpasses Spain’s as investors mull budget woes
France’s bond yield surpassed Spain’s this week for the first time since 2008 as Europe’s second largest economy struggles with debt. ADVERTISEMENT For the first time since the 2008 financial crisis, the yield on 10-year French bonds traded slightly above the Spanish equivalent for a brief period, at 2.97% on Thursday, according to LSEG data. Spanish bonds are traditionally seen …
Read More »Commerzbank in larger payout pledge ahead of UniCredit talks
The German lender is lifting profit targets and shareholder rewards as Italy’s UniCredit contemplates a merger. ADVERTISEMENT Commerzbank is seeking to woo investors ahead of meetings with Italy’s UniCredit, announcing on Thursday an increase in profit targets and shareholder payouts. The German lender said that its net profit should rise to more than €3bn by 2027. More than 90% of …
Read More »How climate change is battering one of Norway’s key commodity markets
Climate change is having an effect on one of Norway’s most important commodity markets – the fishing sector. Euronews Business looks at what steps are being taken to protect it. ADVERTISEMENT The Norwegian fishing industry is feeling the effects of climate change. Fishing is one of the most important sectors in Norway, with seafood exports touching a record high of …
Read More »VW workers stage protest as managers and unions hold talks
The talks on pay and conditions at Volkswagen come amid reports of job cuts and, for the first time in its history, potential plant closures in Germany. ADVERTISEMENT Industrial relations remain tense at Volkswagen where the management’s plan of implementing drastic cost-cutting measures is clashing with union demands, including a 7% pay rise. Both sides met at Hanover’s Herrenhausen Palace …
Read More »Time for the Robotaxi? Future trend in focus ahead of Tesla update
Tesla is expected to report a record number of deliveries for the third quarter next week, fuelled by strong sales growth in China. The upcoming Robotaxi event is likely to be a key focus, shaping the future trend of its stock. ADVERTISEMENT Tesla is set to announce its quarterly delivery numbers next week, with analysts forecasting record third-quarter sales, largely …
Read More »Czech central bank cuts rates with more reductions expected
The move is in line with dovish signals from other central banks, notably rate cuts from the Fed and the ECB. ADVERTISEMENT The Czech Republic’s central bank has cut its key interest rate for the seventh time in a row, in a response to slowing inflation. The cut, which had been predicted by analysts, brought the interest rate down by …
Read More »