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European companies

  • Tuesday, 15 October, 2024
    Italian politics
    Meloni targets banks and insurers to raise €3.5bn to plug Italian budget

    Rome approves proposals targeting deferred tax payments and stock options in financial sector

    Giorgia Meloni, seated, takes notes during a discussion at the Chamber of Deputies. Next to her is Giancarlo Giorgetti, seated with his arms crossed
  • Tuesday, 15 October, 2024
    ASML Holding NV
    ASML shares drop sharply after warning on semiconductor recovery

    Gloomy outlook from Europe’s most valuable tech company drags down stocks from Nvidia to Arm

    ASML HQ in the Netherlands
  • Tuesday, 15 October, 2024
    LVMH
    LVMH reports fall in third quarter sales and warns of ‘uncertain’ outlook

    World’s largest luxury group hit from pullback in spending by Chinese consumers

    A window display at a Louis Vuitton shop in London, England in October 2024
  • Tuesday, 15 October, 2024
    Pollution
    France pushes for ‘flexibility’ on EU car emissions rules

    Economy minister says Paris is sounding out European partners to see what can be done

    Cars are stopped in slowdowns and traffic jams during vacation departures on the first Saturday in July near Valence, France
  • Tuesday, 15 October, 2024
    Sanofi SA
    France warns it could block €15.5bn Sanofi consumer health deal

    Proposed sale of controlling stake to US private equity group has sparked backlash in country

    People cycling past a sign bearing Sanofi’s logo outside its production site in Lisieux, France
  • Tuesday, 15 October, 2024
    LexOil & Gas industry
    European refining adds fuel to oil majors’ fires Premium content

    There is more than one sort of oil price slump

    A worker wearing a helmet and blue overalls cycles towards the entrance gate of the Ruhr oil refinery in Gelsenkirchen, Germany. The refinery features numerous industrial structures and piping visible in the background.
  • Tuesday, 15 October, 2024
    UBS Group AG
    Swiss regulator orders UBS to bolster emergency plans

    Finma suspends annual approval of bank’s ‘living will’ in light of added risk from Credit Suisse takeover

    The UBS logo on the facade of a bank branch in Shanghai
  • Tuesday, 15 October, 2024
    Western business, the Kremlin and the war
    From hairspray to Heineken: the Kremlin ally snapping up western assets

    Alexei Sagal is among a new group of businessmen benefiting from western companies’ exodus

    Montage of Alexei Sagal with a Russian flag background, cans of Taft hairspray and bottles of Domestos cleaner
  • Tuesday, 15 October, 2024
    Chinese business & finance
    ‘800lb gorilla’: luxury brands battle China’s hit grey-market app

    Sales of top brands on DeWu make up estimated 70% of country’s grey market as consumers hunt for lower prices

    Montage showing a Coach jacket and Burberry scarf on the DeWu app with a guest arriving at the Coach Spring 2025 Runway Show and a model on the runway wearing an original creation from the womenswear winter 2024 collections in London from the house of Burberry
  • Monday, 14 October, 2024
    Electric vehicles
    Chinese carmakers deny intent to ‘overthrow’ western rivals

    In Paris for motor show, companies including Xpeng and GAC pledge long-term commitment to European market in effort to allay concerns

    A Geely Zeekr electric car at a launch event in Hong Kong
  • Monday, 14 October, 2024
    Intesa Sanpaolo SpA
    Intesa apologises after ‘disloyal’ employee accessed Meloni’s account

    Italian bank says rogue branch worker conducted data breach involving PM and other public figures

    Pedestrians outside a branch of Intesa Sanpaolo in Turin
  • Monday, 14 October, 2024
    Stellantis
    Stellantis boss warns long EV transition poses cost ‘trap’ for carmakers

    Carlos Tavares says industry will suffer from prolonged period of investing in both traditional engines and battery-powered cars

    Stellantis chief Carlos Tavares
  • Monday, 14 October, 2024
    European banks
    ECB challenges Serbian bank’s takeover bid over money laundering concerns

    Stakebuilding in Austrian lender Addiko under scrutiny by central bank

    A man walks past the European Central Bank in Frankfurt, Germany
  • Monday, 14 October, 2024
    News in-depthAerospace & Defence
    Defence companies search for scale in ammunition race for Ukraine

    They use contractors around the world to boost output of ammunition, rocket motors and missiles

    Man working on shell production
  • Monday, 14 October, 2024
    War in Ukraine
    Russia’s shadow fleet grows despite western crackdown

    Moscow’s capacity to transport oil on old underinsured ships has increased by 70% since last year, says report

    Smoke rises from a Gabon-registered tanker after the vessel caught fire off Malaysia’s southern coast near Kota Tinggi, Malaysia
  • Sunday, 13 October, 2024
    Automobiles
    European carmakers plan dozens of cheaper models to survive ‘EV winter’

    Manufacturers must sell more electric cars to meet tough new EU carbon targets

    The Renault Estafette FlexEVan concept electric vehicle during its unveiling at the IAA Transportation fair in Hanover, German
  • Saturday, 12 October, 2024
    Moldova
    Moldova’s wineries shift away from Russian gas

    Vineyard founded by Joseph Stalin joins country’s westward pivot and green transition

    Chateau Purcari Winery in Purcari village, Moldova
  • Friday, 11 October, 2024
    Sanofi SA
    CD&R beats rivals in pursuit of €15.5bn Sanofi consumer health unit

    US private equity group nears deal for pharma spin-off after edging out PAI-led consortium

    Sanofi logo
  • Friday, 11 October, 2024
    Lex
    European oil majors will not ape Equinor’s renewables opportunism Premium content

    Companies are struggling to establish a clear path in their energy transition strategies

    The Equinor logo and name on a sign on a building in Hammerfest, Norway
  • Friday, 11 October, 2024
    Lars Windhorst
    Lars Windhorst companies to be auctioned after showjumping business dispute

    Almost two dozen groups owned by German financier scheduled to be sold next week

    Lars Windhorst smiling while talking on his phone outside The Rolls Building in London. He is wearing a dark suit and a polka-dot tie
  • Friday, 11 October, 2024
    Banks
    Recent banking turmoil exposed flaws in liquidity rules, say regulators

    Basel committee draws lessons from collapse of Silicon Valley Bank and rescue of Credit Suisse

    People stand outside the entrance of a Silicon Valley Bank branch in Santa Clara, California
  • Friday, 11 October, 2024
    Due Diligence
    The epic Pfizer pfat pfinger Premium content

    Plus, the senior bankers at the centre of HSBC’s plans to cut costs and 7-Eleven’s latest tactic to fend of a $47bn hostile takeover

    A montage of Ian Read and Albert Bourla with the logo of Pfizer in the background
  • Friday, 11 October, 2024
    Gucci Group
    Gucci’s Stefano Cantino, the CEO with the hardest job in luxury

    Former Vuitton and Prada executive must execute a turnaround of the struggling Gucci brand

    Stefano Cantino arrives at a fashion show in Paris last month
  • Thursday, 10 October, 2024
    Stellantis
    Stellantis announces management shake-up at global car brands

    Chief executive seeks to turn fortunes around amid falling profits, production issues and fights over EVs

    Carlos Tavares, left, at a Peugeot plant in France
  • Thursday, 10 October, 2024
    Fintech
    Former UBS chief Ralph Hamers joins AI wealth management start-up

    Dutchman to become external senior adviser to Arta Finance venture founded by former Google employees

    Ralph Hamers
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