Business

Ahead of a decisive win by Donald Trump in the US presidential election there was a sharp rally in the US dollar, sending the euro to a four-month low and boosting Bitcoin by 5% to a record high as European markets opened. ADVERTISEMENT The Republican Party has regained control of the Senate and leads in the House of Representatives, solidifying …

Donald Trump is heading back to the White House, leading to a volatile session in global markets. The dollar has surged, sending the euro and emerging market currencies down. ADVERTISEMENT The euro slumped against the US dollar as Donald Trump declared victory in the presidential election. The currency dropped nearly 2 cents against the dollar to a four-month low at …

Offices of the streaming giant have been searched in France and the Netherlands, as part of an investigation into suspected tax fraud. ADVERTISEMENT The search on Tuesday morning at the offices of Netflix’s French subsidiary was part of a tax fraud investigation, a judicial source confirmed to Euronews Business after the investigation was first published by French newspaper Marianne.  According …

The addition of Nvidia to the Dow Jones Industrial Average is a notable milestone, suggesting a more stable outlook for the AI chipmaker in its continued rise and increasing prominence in the tech sector. ADVERTISEMENT The artificial intelligence leader Nvidia is set to replace Intel in the Dow Jones Industrial Average (DJIA), as announced in a press release by S&P …

The Irish budget carrier reported strong traffic, offset by lower air fares for the past six months. ADVERTISEMENT Ryanair Holdings plc has reported an 18% drop in its after-tax profit, which came in at  €1.79bn for the first six months of the financial year, ending on 30 September.  The low-cost carrier recorded 115m customers, a 9% growth in traffic compared …

Warren Buffett is sitting on more than $325bn (€298.15bn) cash after unloading billions of dollars worth of Apple shares this year while continuing to collect a steady stream of profits from all of Berkshire Hathaway’s assorted businesses without finding any major acquisition. ADVERTISEMENT Berkshire Hathaway has revealed it sold off some 100 million more Apple shares in the third quarter …

Economists agree that a Trump presidency could weaken the euro against the dollar, with some analysts predicting parity if Republicans gain full control of Congress. While the euro strengthened during Trump’s first term, conditions now could drive it lower. ADVERTISEMENT Economists broadly agree that a Trump victory in the US elections would be likely to weaken the euro against the …

In its latest proposed contract, Boeing is offering pay raises of 38% over four years, as well as ratification and productivity bonuses. ADVERTISEMENT Factory workers at Boeing are voting on whether to accept a new offer or to continue a strike that has lasted more than seven weeks and shut down production of most Boeing passenger planes. A vote to …

Markets are poised for high volatility this week due to the upcoming US election and key central bank decisions. Below is an outline of crucial market events and potential trends for the days ahead. ADVERTISEMENT The US presidential election is set to drive significant market volatility this week, as investors brace for risk hedging and position adjustments depending on the …

Euronews Business explores how the E1 electric boat racing championship is making the sport more sustainable. ADVERTISEMENT The world’s first electric boat racing championship, the UIM E1 World Championship, recently concluded its fifth race at Lake Como, in Italy. Actor Will Smith was there to see his team – Westbrook Racing – secure its first win on the final day …