Business

The Czech power company CEZ recently signed a deal with Britain’s Rolls-Royce SMR to develop and build small modular nuclear reactors. The company attributed the fall in profits to lower earnings in trading and mining. ADVERTISEMENT The Czech power company CEZ on Tuesday reported net profit of 23.4bn Czech crowns (€926.5m) in the first three quarters of the year, 6.4bn …

Apart from Germany, Ireland, and Italy, a potential 10% tariff on all EU goods exported to the US would also significantly affect other EU countries, where the US represents a substantial share of total exports. Euronews Business takes a closer look at the US’s share in exports for each EU country. ADVERTISEMENT “They [EU countries] don’t take our cars. They …

Deutsche Bank announced that more than a hundred posts will be axed among its senior private wealth and retail bankers in a continuing programme aimed at driving down costs at the German bank. ADVERTISEMENT Deutsche Bank’s latest cost-cutting effort has led the German bank to cut 111 senior managers in its private wealth and retail sections, according to the Financial …

Italian media reports earlier said merger talks with Lufthansa had stalled after Italian authorities refused Lufthansa’s suggestions to adjust the price for a 41% stake in Alitalia successor ITA Airways. ADVERTISEMENT Italy’s former national carrier Alitalia has started procedures for the collective dismissal of its remaining 2,059 employees, the airline’s administrators have told unions. The move comes as the successor …

Bitcoin’s price has seen a significant surge in the past month, driven by the so-called “Trump trade”. Analysts expect the token to continue surging towards a six-digit figure. ADVERTISEMENT Bitcoin rose 6.7% over the weekend and topped $81,000 (€76,000) for the first time in history during the Asian session on Monday amid optimism that a Trump Administration will benefit cryptocurrencies. …

Following a volatile week, market participants will shift their attention back to major economic indicators from key economies, particularly US inflation data and Chinese economic figures, this week. ADVERTISEMENT The US election dominated market trends last week, investors will redirect their focus to economic fundamentals this week. The US Consumer Price Index (CPI) is poised to be a crucial data …

“The more we go for clean energy, the more resistant we are to global conflicts because nobody can take solar or wind as a hostage,” International Energy Agency boss Dr Fatih Birol told Euronews. ADVERTISEMENT Global instability has dramatically affected both the supply and, as a consequence, the price of energy in recent years.  Energy costs aren’t the only thing …

Global stock markets are set to end the week on a strong note amid the US election and China’s highly anticipated additional stimulus measures. However, European benchmarks underperformed global peers due to economic concerns and political instability. ADVERTISEMENT Despite a broad rebound in European stock markets on Thursday, major benchmarks remained under pressure following Trump’s victory in the US election …

Scott Galloway, a professor of marketing at New York University’s Stern School of Business, entrepreneur, and best-selling author, shares his thoughts on AI, youth, and generational wealth in the first episode of the second season of My Wildest Prediction. ADVERTISEMENT My Wildest Prediction is a podcast series from Euronews Businesswhere we dare to imagine the future with business and tech …

The iconic German car maker is the latest car manufacturer to be hit by falling sales, including in China, where sales were down by almost 30%. ADVERTISEMENT A recent global recall involving more than 1.5m vehicles and plummeting sales in China have weighed heavily on the iconic German car maker’s quarterly performance.  BMW AG (including the Mini and Rolls-Royce brands) …