Business

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. …

Following a volatile week, market participants will shift their attention back to major economic indicators from key economies, particularly US inflation data and Chinese economic figures, this week. ADVERTISEMENT The US election dominated market trends last week, investors will redirect their focus to economic fundamentals this week. The US Consumer Price Index (CPI) is poised to be a crucial data …

“The more we go for clean energy, the more resistant we are to global conflicts because nobody can take solar or wind as a hostage,” International Energy Agency boss Dr Fatih Birol told Euronews. ADVERTISEMENT Global instability has dramatically affected both the supply and, as a consequence, the price of energy in recent years.  Energy costs aren’t the only thing …

Global stock markets are set to end the week on a strong note amid the US election and China’s highly anticipated additional stimulus measures. However, European benchmarks underperformed global peers due to economic concerns and political instability. ADVERTISEMENT Despite a broad rebound in European stock markets on Thursday, major benchmarks remained under pressure following Trump’s victory in the US election …

Scott Galloway, a professor of marketing at New York University’s Stern School of Business, entrepreneur, and best-selling author, shares his thoughts on AI, youth, and generational wealth in the first episode of the second season of My Wildest Prediction. ADVERTISEMENT My Wildest Prediction is a podcast series from Euronews Businesswhere we dare to imagine the future with business and tech …

The iconic German car maker is the latest car manufacturer to be hit by falling sales, including in China, where sales were down by almost 30%. ADVERTISEMENT A recent global recall involving more than 1.5m vehicles and plummeting sales in China have weighed heavily on the iconic German car maker’s quarterly performance.  BMW AG (including the Mini and Rolls-Royce brands) …

As Donald Trump heads back to the White House his media company Trump Media & Technology Group (TMTG) posted heavy losses. Despite this, shares in the company have soared, increasing the wealth of the President-Elect. ADVERTISEMENT The parent company of Trump’s social networking site Truth Social lost $19.2m (€17.83m) in the last quarter, according to an earnings report released on …

The Bank of England is expected to cut the UK interest rate for the second time in three months, as inflation has fallen to its lowest level in more than three years. ADVERTISEMENT However, economists warn that worries about the future path of prices following last week’s tax-raising Budget from the new Labour government and the economic impact of US …

The US Federal Reserve is set to cut interest rates again this week as post-election uncertainty grows. ADVERTISEMENT Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump’s presidential election victory. Yet the Fed’s future …