How PayPal went from Wall Street favorite to unwilling merger target
Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the US and ...
AI providers face new EU transparency rules
The European Commission this week published new guidelines to help artificial intelligence (AI) providers and users comply with transparency requirements under the EU’s AI Act, with the rules set ...
Nice glasses. Are they recording me?
The next great technology battle will not be fought in our pockets. It will take place on our faces.
More than a decade after Google Glass became a cautionary tale ...
EU employment tied to foreign trade hits record 31.6 million
31.6 million people were employed in the EU during 2024 to satisfy the final demand for goods and services from non-EU economies, according to a report from Eurostat.
This figure accounts for 14.4 ...
Businesses turn to smaller software tools to cut IT costs
Businesses across Europe are reworking IT budgets as they look to cut operating costs and get more from the software they already pay for, according to a new study by ...
Euro area private sector beats forecasts in July
The euro area’s private sector improved far more than expected in July, with activity returning to pre-escalation levels after the conflict with Iran, even as the latest flare-up threatens ...
Cyprus public invited to vote on future euro banknotes
The Central Bank of Cyprus (CBC) on Friday called on citizens to take part in a Europe-wide survey launched by the European Central Bank (ECB), inviting the public to help ...
Cost of living
Eurozone consumers see lower inflation, steady outlook
The European Central Bank (ECB) on Friday released the latest results of its Consumer Expectations Survey for June 2026, showing a broad easing in inflation expectations and a mixed outlook for ...
Technology
How Anthropic IPO could reset private market valuations
The anticipated IPOs of Anthropic and OpenAI could be among the most consequential market events of a generation by setting a benchmark valuation for AI-native firms.
Alexey Garyunov, general partner ...
IMO condemns ‘indefensible’ Red Sea shipping attacks
The head of the International Maritime Organisation (IMO) has condemned renewed attacks on commercial vessels in the Red Sea, warning that the violence is endangering seafarers and placing further pressure ...
AI boom drives Intel and AMD to secure long-term server chip contracts
US chipmaking giants Intel and Advanced Micro Devices are signing longer-term purchase commitments with Chinese server customers for data-centre processors as prices surge, two people familiar with the talks said.
...
Aegean Shipping begins fleet renewal with new tanker
Aegean Shipping Management marked a fresh stage in its fleet renewal earlier this week, with the naming ceremony of its new tanker M/T Green Liberty at COSCO Yangzhou Shipyard ...
EU banking sector targeted for major regulatory simplification push
The European Commission recently adopted a communication addressing the competitiveness of the EU banking sector to strengthen the Single Market for banking.
European Commission President Ursula von der Leyen stated ...
ECB keeps rates unchanged amid Middle East energy risks
The European Central Bank (ECB) kept its three key interest rates unchanged on Thursday, saying it remains closely monitoring the impact of the Middle East conflict on energy prices and ...
Euro area card payments reach new highs
The European Central Bank (ECB) reported this week that non-cash payments across the euro area continued to expand during the second half of 2025, while Cyprus emerged as the bloc’s ...
Heathrow airport posts resilient results amid geopolitical uncertainty
Heathrow Airport welcomed a record 40 million passengers during the first half of 2026, despite geopolitical uncertainty affecting parts of its global network, according to financial results published this week.
The airport ...
Northern Sea Route aims to offer exporters faster links to European ports
China is preparing to turn a one-off voyage through the Arctic into a scheduled seasonal container service, testing whether the Northern Sea Route can offer exporters a faster link to ...
Average UK private rents increase 3.3 per cent in year to June
British house prices rose by 2.7 per cent in the year to May, after rising by an upwardly revised 3.9 per cent in the year to April, the Office for National Statistics ...
Low inventories and surging geopolitical risks keep fuel prices elevated
The escalating US-Iran war threatens Asian oil refiners’ plans to ramp up output in August, which could keep global fuel stocks tight and bolster prices for longer unless China fills ...
UK inflation cools to 2.6 per cent in June on brief fuel price drop
British inflation cooled by more than expected last month as a brief de-escalation in the Iran war reduced fuel prices, but the slowdown is likely to offer only temporary relief ...
Banking
Euro area businesses report higher borrowing costs
Euro area companies reported tighter lending conditions and higher borrowing costs during the second quarter of 2026, while financing needs edged higher and inflation expectations remained broadly stable, according to the ...
European shipowners want carbon billions back
European shipowners have urged the European Commission to prevent double carbon charges and redirect billions raised from shipping towards cleaner fuels and technology, warning that the EU Emissions Trading System ...
Iran strikes again at Procopiou’s fleet
A second tanker managed by Greek shipowner George Procopiou’s Dynacom Tankers Management has been struck in the Strait of Hormuz, as commercial traffic through the waterway fell to a ...
CFOs express increased optimism for AI impact on business outcomes
The finance bosses at many of Britain’s biggest companies are more optimistic about the impact of artificial intelligence on their businesses and a bit less worried about risks from ...