Business

Bitcoin’s price retreated sharply as the post-Trump rally stalled. Analysts believe profit-taking was the primary cause of the decline but $100,000 (€95,400) remains within reach. ADVERTISEMENT Bitcoin’s price has fallen sharply over the past 24 hours, down 3.6% to just above $94,000 (€89,000) at 5.30am CET. The retreat appears to be driven by profit-taking as the post-Trump rally stalled, lacking …

Tenure insecurity for land and housing is on the rise globally, including in Europe, warns a new report. Increasing rent and mortgage costs are among the key drivers of this growing perception of insecurity. ADVERTISEMENT The latest global assessment of land and housing tenure security reveals concerning trends. According to the 2024 Prindex Report, approximately 1.1 billion adults worldwide – …

The division includes the company’s artificial intelligence activities and its supercomputers, which can be used for nuclear deterrence. ADVERTISEMENT The French government has made a non-binding bid for Atos’ advanced computing business, valuing the unit at €500m. The division includes the company’s artificial intelligence activities and its supercomputers, which can be used for nuclear deterrence. The branch employs 2,500 employees …

The Swedish battery maker filed for bankruptcy last week, dashing ambitions for the European electric vehicles sector – and leaving significant EU loans outstanding ADVERTISEMENT The collapse of Swedish battery maker Northvolt AB has left a hole in the EU’s ambitions for electric vehicle success – but also a potential three-hundred-million-euro hole in its budget.   The company filed for …

German business confidence fell sharply in November, with the Ifo Index hitting its second-worst level since January. Rising costs, energy prices, and structural issues are eroding industrial competitiveness, while private sector activity hit a nine-month low. ADVERTISEMENT German business confidence fell further in November, deepening concerns over the nation’s industrial competitiveness amid ongoing economic challenges. The Ifo Business Climate Index, …

The €10bn offer, which would merge two of Italy’s largest lenders, comes while UniCredit is building up its stake in Germany’s Commerzbank. ADVERTISEMENT Italian lender UniCredit has launched a €10.1bn surprise offer for its smaller rival Banco BPM. The larger lender announced on Monday that it would offer 0.175 of its own shares for each share in Banco BPM, valuing …

After reaching a two-week high, crude oil prices fell back on Monday as investors rebalanced positions in major asset classes. However, bullish factors remain in the near term as geopolitical tensions rise. ADVERTISEMENT Crude oil prices rose to a two-week high amid a major escalation in the Ukraine and Russia war. The Brent futures at ICEsurged 5.8% and the WTI …

This week, US politics and geopolitical tensions remain a focus for investors. Economic data such as the EU inflation, the US GDP, and RBNZ’s rate decision will take centre stage in regional markets. ADVERTISEMENT Last week, stock markets saw a recovery of bullish trends on Wall Street as the Trump Trade continued to fuel the rally. Meanwhile, rising geopolitical tensions …

Launched in 2015, Revolut announced earlier this month that it had hit the 50 million customer mark globally, emerging as the most downloaded financial app in Europe. ADVERTISEMENT The expansion of fintechs in the eurozone is being restricted by a lack of regulatory unity, said Joe Heneghan, head of Revolut Europe. “What you meet in different countries, unfortunately, are variations …

The Barbie movie created a global cultural event and with at least 16 more films aimed at adults in the pipeline, could this signal the start of a new era in the toy industry? ADVERTISEMENT Barbie was the highest grossing movie worldwide in 2023 and topped internet searches in the US for movie merchandise earlier this year.  During the pandemic, …