Business

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 …

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 …

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 …

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 …

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 …

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 …

The debt keeps swelling and if no action is taken, the OECD warns, it could reach 200% of the GDP by 2050. ADVERTISEMENT Belgium has proved relatively resistant to economic shocks and is facing a 1.4% GDP growth in 2025, however, it urgently needs to lower its debt, according to the Organisation for Economic Co-operation and Development (OECD).  The country …

UniCredit’s bid to raise its stake in Commerzbank to 29.9% faces German resistance. The European Commission sees potential benefits in consolidation, while analysts predict significant financial synergies. ADVERTISEMENT The potential merger between Italy’s UniCredit and Germany’s Commerzbank is fuelling debates across Europe, raising questions about its economic and political implications. While UniCredit’s CEO, Andrea Orcel, aims to boost profitability and …

Borrowing costs in Sweden are being lowered faster than previously predicted as inflation falls below target. ADVERTISEMENT Sweden’s central bank cut its key interest rate a quarter-point to 3.25% on Wednesday as inflation now sits below the official target. “Inflationary pressures have fallen over the year and are now assessed to be compatible with an inflation rate of around 2 …

Bettina Orlopp is to replace Manfred Knof ‘in the near future’. The news comes days after Italian bank UniCredit revealed it had increased its stake in Commerzbank from around 9% to 21%, subject to regulatory approval. ADVERTISEMENT Amid ongoing controversy over a possible takeover of German lender Commerzbank, the bank has announced chief financial officer Bettina Orlopp as its new …