Business

The flag carrier, owned by British-Spanish multinational airline holding IAG, later said the problem had been fixed much more speedily than in the past because of millions more being spent on extra investment in IT. ADVERTISEMENT A technical failure left British Airways flights on Monday evening facing delays and disruption across Europe. The flag carrier, owned by British-Spanish multinational airline …

Eurostat data released on Tuesday showed eurozone inflation rose to the European Central Bank’s 2% target in October. ADVERTISEMENT The euro area annual inflation rate was 2% in October 2024, up from 1.7% in September. A year earlier, the rate was 2.9%, according to data published by Eurostat, the statistical office of the European Union. Meanwhile, European Union annual inflation …

The unit has suffered from rocky economic conditions, fierce competition from Asian manufacturers, and a pressure to decarbonise. ADVERTISEMENT Thyssenkrupp has downgraded the value of its steel business by a further €1bn, blaming weak earnings expectations and the costly process of going green. The German industrial firm announced a yearly net loss of €1.4bn, mainly attributable to the write-down, which …

European member states are facing benefits and drawbacks as the sealing of the strategically important deal is drawing closer. ADVERTISEMENT After 25 years of talks, the EU-Mercosur free trade agreement (FTA) still lacks unanimous support from member states, as fears of the agricultural sector’s future clash with the strategic needs of the bloc.  A political agreement was reached on 28 …

Investors are keenly awaiting Nvidia’s 2025 financial earnings report for its third quarter on 20 November, with expectations of record revenue. Nvidia’s performance remains pivotal to AI industry trends and broader tech markets. ADVERTISEMENT Nvidia is set to announce its fiscal Q3 earnings for 2025 after US markets close on Wednesday. In the wake of a recent tech sector retreat, …

Tesla may soon overcome a critical regulatory hurdle for its autonomous driving system, with Elon Musk’s support for Donald Trump appearing to pay off. If the electric carmaker’s Robotaxi services receive regulatory approval, it could usher in another phase of meteoric growth for the company. ADVERTISEMENT Tesla shares climbed more than 5% on Monday following a Bloomberg report that President-elect Donald …

Euronews Business spoke to a number of financial and investment experts to find out what assets to invest in, how to invest in them and what the outlook may be. ADVERTISEMENT With the cost of living still posing a threat across many European countries, as well as rising geopolitical instability, investing seems to be becoming something of a minefield. Even …

G20 finance ministers are meeting in Brazil on Monday and Tuesday to agree on a global tax on the world’s 3,300 richest individuals, which could raise up to $250 billion. ADVERTISEMENT Brazil’s plan for a new tax on the world’s wealthiest billionaires is facing some last-minute opposition at a two-day meeting of G20 finance ministers in Rio de Janeiro.   …

The prospect of a buyback worth trillions of South Korean won has cheered investors after a disappointing year. ADVERTISEMENT The value of Samsung stock rose more than 5% on Monday after the tech firm said it would repurchase around 10tn Won (€9.48tn) of its own equity last week. The buyback, Samsung’s first since 2017, aims to reinvigorate interest in the …

With key economic data and Nvidia earnings scheduled, this week will provide important signals for global market directions. ADVERTISEMENT This week, the market focus will be on flash manufacturing and services economic data (PMIs) from major economies, including the eurozone, the UK, and the US. Additionally, the artificial intelligence powerhouse Nvidia is set to report its quarterly earnings, gauging the …