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Housing and climate resilience dominate Latin American agenda at WUF13

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Business

MENA leaders push for reimagined housing policy at Baku urban forum

Kazakhstan

Tokyo governor urges capitals to share best practices on Astana visit

Business

Portugal's Meo seeks €82m from state over Huawei 5G exclusion

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Business

Finnish smart ring maker Oura plans IPO at over €9 billion valuation

The Finnish company behind the Oura Ring, a wearable health tracking device, is moving towards a Wall Street listing that could become one of the most valuable IPOs of a European firm this year.

Europe News

EU clinches new trade deal with Mexico to bolster foothold in region

EU Commission President Ursula von der Leyen and European Council President António Costa signed an updated trade deal with Mexico on Friday, two decades after the original agreement, as both parties seek to reduce their dependence on the US and China amid rising geopolitical tensions.

Business

Average rent now eats up 98.7% of young people's wages in Spain

The youth emancipation rate fell to 14.5% in 2025, the worst figure on record, says Spain's Youth Council, adding that a young person must spend almost all their wages to rent a home alone.

Europe News

Do not get 100% of supply from one country, EU industry chief says

The warning from EU Industry Commissioner Stéphane Séjourné comes as China has repeatedly threatened the EU in recent weeks while Brussels moves to shield its single market from the Asian giant.

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Business

5 things to know about OpenAI’s potentially record-breaking IPO plans

The maker of ChatGPT is preparing to go public in what could be the largest stock market debut in history — if SpaceX does not get there first.

Business

Egypt to ship Cypriot gas to Europe in QatarEnergy deal

QatarEnergy and ExxonMobil have signed a deal with Egypt to pipe Cypriot offshore gas to Egyptian liquefaction facilities for export to Europe — the latest sign that Egypt is becoming the Eastern Mediterranean's dominant energy hub.

Business

German business confidence rises despite Iran war energy shock

German business confidence rose unexpectedly in May, breaking a run of declines linked to the Iran war and offering cautious optimism that Europe's largest economy is proving more resilient than initially feared.

Markets

IBM adds market value of Adidas after Trump’s quantum computing push

Quantum computing stocks surged after the Trump administration announced more than $2 billion (€1.7bn) in federal support for the sector. IBM received the largest investment and shares rose over 12% adding more than $27 billion (€23.2bn) in market capitalisation.

Business

Industry: Leonardo to equip Kuwait’s naval patrol vessels

The Italian group has signed a €320 million deal with Abu Dhabi Ship Building to supply FALAJ 3 OPV naval combat systems to Kuwait, bolstering Italy’s commercial and military role in the Persian Gulf.

Europe in Motion

EU green economy booms as solar energy grows at record pace

EU countries doubled their green-economy output in less than 10 years. Will this continue despite some scaling back of green policies?

Business

Global markets rise as Iran war uncertainty keeps oil elevated

Markets climbed on Friday as hopes of a breakthrough in US-Iran negotiations steadied investor nerves, but with Hormuz shipping still disrupted and oil above $100, uncertainty has far from lifted.

World News

UK seals 'historic' Gulf trade deal worth billions to British economy

The deal is the first of its kind between the GCC and a G7 country, and will scrap tariffs on billions of euros worth of British exports.

Business

From Aramco to Alibaba — every IPO record SpaceX could break

From Saudi Aramco to Facebook, these are the biggest IPOs in history and why SpaceX could dwarf them all.

Business

EasyJet losses deepen as Iran war drives fuel costs higher

EasyJet reported wider first-half losses as the Iran war pushed up fuel costs and weakened demand. The airline warned of continued pressure from higher prices and softer summer bookings despite strong growth in its holidays business.

Business

Million-dollar salaries: Top AI talent tech giants are fighting over

As Big Tech and a whole cohort of new-generation AI start-ups race towards artificial general intelligence (AGI), elite researchers and engineering leaders have become the equivalent of franchise athletes.

Travel News

Airbnb set to become a one-stop shop for your entire trip

The holiday rental giant is expanding far beyond accommodation, adding car hires, luggage storage, boutique hotels, AI-powered planning tools and exclusive travel experiences.

Europe News

EU cuts GDP forecast as Strait of Hormuz crisis pushes inflation up

The EU has downgraded its 2026 economic growth forecast after the Strait of Hormuz crisis sent energy prices sharply higher earlier this year. With no end to the conflict in sight, rising energy costs are fuelling tensions among member states calling for additional fiscal support measures.

Business

Nvidia shares dip despite 85% revenue surge and strong outlook

The world's most valuable company beat forecasts as revenues jumped 85%. Yet rising competition and efforts to diversify beyond big tech left investors cautious, sending shares lower in late trading.

Business

New filing shields Trump and his family from IRS tax audits

The US Department of Justice has released an additional filing linked to the Trump-IRS settlement, preventing the federal agency from pursuing existing tax audits involving the US president, his family and affiliated businesses.

Europe in Motion

How could Iran's threatened internet cable tariffs affect Europe?

The move could raise connectivity costs and create greater digital vulnerability for Europe, but some experts argue that the continent has enough backup bandwidth to survive without access to the cables in the Strait of Hormuz.

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Business

European companies are reindustrialising — just with less money

Planned investment for the next three years is falling even as AI cements its role as a crucial economic driver.

Markets

Goldman Sachs reportedly selected to lead SpaceX IPO this year

Goldman Sachs has reportedly secured the leading underwriting role for SpaceX’s expected stock market debut this year in a move that paves the way for the largest IPO in history.

Europe News

EU approves implementation of US tariffs under Trump hammer

European negotiators agreed late on Tuesday to implement the controversial trade agreement concluded last summer with the US. However, the deal — signed in the Scottish city of Turnberry — remains fragile as long as US President Donald Trump continues to use tariffs as a tool of political pressure.

Business

PlayStation Plus price hikes spark backlash from gamers

Sony is increasing the price of PlayStation Plus memberships in several markets. The decision has prompted criticism from players who argue that subscription gaming is becoming increasingly expensive.

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Europe News

As trade war with China looms, how can the EU defend itself?

The European Commission is considering a range of tools to shield the bloc from cheap Chinese imports, including reducing its dependence on Chinese components and imposing tariffs on strategic sectors.

Business

Ryanair profits surge 40% to record €2.26 billion despite fuel crisis

Europe’s largest low-cost airline posted record annual profits as rising fares and sustained travel demand helped offset aircraft delivery delays and mounting uncertainty in global fuel markets due to the Iran war.

Business

How Dropbox makes remote jobs work as more firms return to the office

Dropbox says its fully remote model has strengthened recruitment, improved retention and supported financial performance, even as many employers tighten office attendance policies introduced after the COVID-19 pandemic.

Markets

Oil prices climb as Donald Trump delivers stark message to Iran

Oil prices climbed on Monday and European markets opened lower as US President Donald Trump sent a new warning to Iran via social media.

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Business

From cars to defence, Mercedes-Benz open to military sector

While Germany’s automotive sector is coming under growing pressure, defence companies are increasingly eyeing its factories, skilled workers and industrial expertise.

Business

Nvidia vs Europe: how Big Tech compares to European economies

Nvidia’s market capitalisation ($5.7 trillion) has overtaken Germany’s GDP ($5.45 trillion). The combined value of the five largest US companies now exceeds the total GDP of Europe’s five largest economies.

Markets

Stock trades reveal Trump made massive gains on Big Tech bets

A newly released ethics filing has revealed that US President Donald Trump made over 3,600 stock trades during the first quarter of 2026 with a value of between $220 million (€188mn) and $750 million (€641mn).

Business

Marc Jacobs parts ways with LVMH after nearly 30 years

The American designer, 63, will stay on as creative director as his label changes hands for the first time in three decades, with LVMH pressing ahead with a broader portfolio clear-out.

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Business

Greece's €5bn budget surplus blows past first-quarter 2026 forecasts

Greece's primary budget surplus reached €5.175bn in the first three months of 2026 — more than double the €2.298bn target — though the ministry said one-off transfers and early fund receipts inflated the headline figure.

Business

Cristiano Ronaldo adds free sports streamer to his business empire

The channel will be responsible for showing 34 matches from the 2026 World Cup, live and at no cost to viewers, including all the matches of the Portuguese national football team.

Business

BYD in talks to buy idle European car plants as it eyes Maserati

BYD is in talks with Stellantis and other carmakers about buying underused European plants, according to the Chinese carmaker's vice-president.

Kazakhstan

Erdoğan visits Astana as Turkey and Central Asia deepen ties

Turkey and Kazakhstan signed a friendship and strategic partnership declaration in Astana, targeting €13 billion in trade.

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Business

World markets rise on Trump-Xi summit hopes

Trump and Xi met at the Great Hall of the People in Beijing, where both sides agreed the Strait of Hormuz must remain open, a key demand as the Iran war drags into its third month.

Business

Xi Jinping vows to 'open door wider' to US firms during Trump visit

Chinese President Xi Jinping used US President Donald Trump's visit to Beijing to reassure American business leaders that China remains committed to further opening its economy to foreign investment.

Europe in Motion

EU business investment rate plunges to 11-year-low

It's the lowest point since 2015, with firms blaming geopolitical disruption, a disorderly market and regulation uncertainty. Hungary and Croatia buck the trend.

Business

How much did electricity and gas prices go up due to the Iran war?

Household gas prices rose across EU capitals between early February and early April, reflecting the impact of Middle East tensions. However, electricity prices fell on average, highlighting diverging trends in Europe’s energy markets.

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Europe News

Brazil ‘surprised’ by EU ban on meat imports

Brazil’s ambassador to the EU Pedro Miguel da Costa e Silva told Euronews he had asked the EU Commission to put Brazil back on the list of countries complying with EU antimicrobial rules. The move comes as the Mercosur deal liberalising agricultural trade came into force on 1 May.

Business

Turkey and Armenia to restart direct trade, Ankara says

Relations between the neighbours have been strained over historic grievances and Turkey’s close alliance with Azerbaijan.

Europe News

Exclusive: EU negotiators find deal on key clauses of the EU-US deal

EU lawmakers and EU capitals struck a deal over provisions halting the EU-US deal if American imports surge unfairly. But crunch talks are still under way over when to start implementing the agreement, as negotiators face pressure from Trump’s threats of more tariffs.

Australia

Australian developer says 'toxic' Trump hotel plan scrapped

The Australian developer's statement followed a report in the Australian Financial Review that the Trump Organisation had pulled out of the deal.

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