Business

More than three-quarters of the planes that Boeing furnished were 737 Max jets, a stark reminder of how integral its best-selling airline model has been to the company’s fortunes and challenges. ADVERTISEMENT Boeing delivered less than half the number of commercial aircraft to customers than its European rival in 2024 as the American aerospace giant’s output suffered under intensified government …

Europe’s biggest economy shrank for a second year in a row in 2024, according to data released on Wednesday by the Federal Statistics Office. ADVERTISEMENT Germany’s economy contracted by 0.2% last year after shrinking by 0.3% in 2023, latest data showed. “According to first calculations of the Federal Statistical Office (Destatis), the price adjusted gross domestic product (GDP) was 0.2% …

The euro has rebounded against the US dollar over the past two trading days on news that the US president-elect may consider a gradual pace of hiking tariffs. However, the trend may be vulnerable to the upcoming US CPI, which is expected to remain sticky in December. ADVERTISEMENT The euro-dollar pair, EUR/USD, rebounded after hitting a fresh two-year low of …

Summary: Meta is planning to cut approximately 5% of its workforce, or about 3,600 positions, in February. The cuts will be performance-based to “move out lowest performers faster” as it cited 2025 will be “an intense year.” ADVERTISEMENT Meta Platforms announced plans to reduce approximately 5% of its workforce to remove low-performing employees amid what it describes as “an intense …

A potential bidder is Brookfield, the investment group run by Mark Carney, who was Bank of England governor between 2013 and 2020. Uniper has a range of UK assets that are seen as valuable for any would-be purchaser. ADVERTISEMENT The German government is reportedly making plans to sell major energy company Uniper in a deal that could be worth up …

Spain is planning to bring in strict legislation for property purchases in an attempt to control the country’s rapidly escalating housing crisis, which has left residents complaining of being unable to afford to buy or rent a property. ADVERTISEMENT Spain is preparing to implement a 100% tax on property purchases made by buyers outside of the EU, in an attempt …

France’s new prime minister François Bayrou is addressing politicians through a general policy speech meant to outline his top priorities, including key budget decisions, one month after stepping into his new role. ADVERTISEMENT France’s new prime minister, François Bayrou, is facing his first major test at parliament on Tuesday as his government has no majority amid unprecedented political instability. Bayrou …

TikTok has shut down reports that China is discussing selling its US operations of the group to tech billionaire Elon Musk. ADVERTISEMENT The social media platform said the preliminary talks for China to involve Elon Musk as a possible buyer for its US operations are “pure fiction”. TikTok shut down the original Bloomberg report and referred Euronews Business via email …

Natural gas and crude oil prices have surged recently amid rising demands and the US’s wider sanctions on Russia. Elevated energy prices could jeopardise the Eurozone’s inflation outlook and push the regional economy into stagflation. ADVERTISEMENT Both crude oil and natural gas prices saw a sharp increase in January amid increasing energy demands and new US sanctions on Russia. Benchmark …

Eurozone inflation fell to 2.4% in December 2024, but ECB chief economist Philip Lane cautions that services inflation and uneven growth persist. A “middle path” on interest rates and structural reforms is crucial for stability. ADVERTISEMENT The eurozone has made substantial progress in reducing inflation, yet ensuring it stabilises at the 2% target without hindering economic growth remains a critical …