Business

Airline customers have grown increasingly upset over delays in getting new planes from Boeing – delays that started long before 33,000 machinists went on strike on 13 September. ADVERTISEMENT Boeing says it will be several weeks before it can fully resume building passenger planes, following the return of factory workers after a strike that lasted nearly two months. A Boeing …

Global mining stocks have declined as metal prices fell, driven by a strong US dollar and disappointing details from China’s latest stimulus measures. ADVERTISEMENT Global mining stocks suffered as metal prices slumped, driven by a robust US dollar and disappointment over China’s recent stimulus measures. Major European mining stocks declined sharply this week following Donald Trump’s victory in the US …

Bitcoin’s price retreated after briefly surpassing $90,000 (€85,000), coinciding with a widespread selloff in global equity markets, which signals potential liquidation risks ahead of the US inflation data release. ADVERTISEMENT Bitcoin has been on a tear, surging more than 33% since Donald Trump won the US presidential election on 5 November. On Tuesday, the world’s largest digital token briefly topped …

The deal, watched by the European Central Bank for its effect on inflation, comes at a tough time for Europe’s biggest economy. ADVERTISEMENT Germany’s biggest industrial union reached an agreement with employers on Tuesday over a wage dispute within the country’s metal and electrical industry.  The new agreement by trade union IG Metall, the dominant metalworkers’ union in Germany, stipulated …

Bayer’s share price fell on Tuesday, following the company releasing lacklustre third quarter earnings with a warning that the current challenges may also impact next year’s results as well. ADVERTISEMENT German pharmaceutical giant Bayer released its third quarter 2024 earnings on Tuesday, reporting net sales of €10.0bn, down from  €10.3bn in the same period last year.  The company’s share price …

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. …