Europe
Deals
Volkswagen Supervisory Board Approves Plan to Cut 100,000 Jobs by 2030
The Volkswagen supervisory board unanimously approved a major restructuring plan cutting approximately 100,000 jobs globally. This new initiative adds 50,000 positions to the already planned cuts, representing the largest industry shake-up on record.
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Technology
Egypt plans to build a $1 billion AI data centre using Nvidia technology
Egypt aims to construct its first major artificial intelligence data centre with an initial phase valued at $200 million, driven by partnerships involving Nvidia and Vodafone Business amid competition from US and Chinese firms.
Commodities & Energy
China yuan nears highest level in 3.5 years at 6.7076 as exports surge and inflation beats forecasts
The Chinese yuan hit its strongest value since early 2023, supported by accelerating exports and higher-than-expected producer prices. Meanwhile, European gas futures reached a three-year high amid escalating Middle East tensions.
Technology
ASML and TSMC sign agreement to develop 12-inch photomasks by 2031
ASML Holding and Taiwan Semiconductor Manufacturing Company have partnered to create larger photomasks for chip manufacturing. The companies aim to launch a pilot line for 12-inch masks by 2031.
Top Stories
Markets
German bond yields spike amid fears of global fuel shortages and ECB rate hikes to 2.75%
Business
Dow advances 600 points as Robinhood gains 11%
Markets
Standard Chartered launches spot Bitcoin and Ether trading for institutional clients in UAE
Markets
ASX rises 0.46% to 9020.1; Bank shares lead as Waller eases rate-hike fears
Central Banks
Fitch uprates Portugal's sovereign rating to A+ with stable outlook
- Revolut Granted French Banking Licence to Accelerate European Expansion
- Oil Futures Hit Six-Week Highs as Strait of Hormuz Vessel Traffic Plummets
- Eurozone bond yields hit multi-year highs at 3.40% ahead of ECB meeting
- Eurozone 10-year yields stay near 3.38% ahead of ECB policy meeting
- Markets brace for ECB rate hike to 2.5% as energy costs fuel inflation above 3%
Commodities & Energy
China yuan nears highest level in 3.5 years at 6.7076 as exports surge and inflation beats forecasts
- Germany's grain harvest drops 7% to 41.9 million tons due to drought
- Diesel hits €2.169/litre historic high, sparks road protests in Portugal
- Nigerian investors ranked second among foreign owners of UK buy-to-let companies in 2026
- France's wheat export surplus could vanish within 10 years due to crop decline
Crypto
Swiss stablecoin sandbox expands with SIX and TWINT; Uzbekistan launches som-backed HUMO pilot
- Polish lawmakers fall 25 votes short in failed attempt to override crypto veto
- Polish prosecutors charge Romana Ż. in $2.1 million Zondacrypto misappropriation case
- Germany proposes new draft bill treating Bitcoin gains as stock capital gains tax
Deals
Egypt plans to build a $1 billion AI data centre using Nvidia technology
- Cegid and Silae merge in €10 billion deal led by Silver Lake
- CloudNC Raises €17.2 Million for AI Machining Software
- Italian VC Techshop raises €43 million for AI B2B fund
- EDF Energy negotiating to acquire So Energy customer base in UK auction
Earnings
Novartis shares fall over 3% following failed cholesterol drug trial
More Earnings →Economy
Saudi Securities Authority expects foreign ownership ceiling increase to 75% or removal, Morgan Stanley estimates $4.3 billion inflow
- Canada's 50% Tariff Match on $20 Billion of US Goods Fails as Talks Collapse
- Japanese Government Bond Yields Drop to 2.91% as Yen Strengthens Amid Interest Rate Hopes
- Italy projects 0.8% GDP growth for 2026 and rising tax revenues of €346.1 billion in first seven months
- Eurozone investor sentiment index climbs to 5.1 in September, a four-year high
Markets
Saudi construction firm Ma'Soor targets 80% locally made products by 2030
More Markets →Policy & Regulation
US envoys Steve Witkoff and Jared Kushner arrive in Moscow for Ukraine peace talks
- EU Court Upholds €4.1 Billion Fine Against Google for Android Antitrust Violations
- French customs data show EU small-package tax cuts Chinese imports by 30 to 40 percent
- Germany plans 25% flat crypto tax starting in 2028
- EU proposes 'Buy European' public procurement rules to reduce foreign influence
Business
Sogeclair, Neurones and HighCo report mixed half-year performance in early 2026
- Lionel Messi set to become majority owner of Spanish club Eldense
- Trump-Putin Meeting: Russia to Resume Attacks on Ukraine Cities After Brief Pause
- France's wine output drops to lowest crop since 1957 at 3.39 billion litres