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Doloresz Katanich

Business

Apple CEO: Price rises ‘unavoidable’ amid AI boom

Tim Cook says Apple can no longer absorb soaring memory-chip costs driven by the artificial intelligence boom, signalling higher prices for consumers and raising concerns about broader inflation across the technology sector.

Economy

Fed keeps rates unchanged but signals possible hike this year

The Federal Reserve left interest rates unchanged at its first policy meeting under chair Kevin Warsh, but nearly half of policymakers signalled they could support a rate hike later this year as inflation remains elevated.

Business

BMW warns of ‘significant’ profit decline as shares fall 7%

The German luxury carmaker lowered its profit outlook for 2026 as sales slump in China and the conflict in the Middle East weighs on energy prices and consumer confidence.

Economy

Oil sinks to three-month low as IEA warns stocks at 35-year low

Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end. This comes as strategic oil reserves in advanced economies have fallen to their lowest level since 1990, according to the IEA.

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Business

Rolls-Royce secures deal to build small nuclear reactors for Sweden

Rolls-Royce SMR has won a "multi-billion pound" contract to build three small modular nuclear reactors for Sweden, marking a major step in the British engineering group's ambition to become a leading supplier of the technology in Europe.

Economy

The skills employers value most in the AI era may surprise you

As AI takes on more routine tasks, employers are placing a higher premium on judgment, creativity and leadership, according to a new PwC report.

Economy

Trump threatens 100% tariff on French wines over digital tax

Washington and Paris are facing renewed trade tensions as the US president targets France's levy on large technology firms ahead of the G7 summit.

Economy

Rising housing costs push more Europeans towards homelessness

The increased cost of living is weighing on Europeans' rights, an EU agency said in a report published Thursday, citing rising housing costs that are making people homeless.

Markets

European markets open cautiously ahead of ECB rate decision

The European Central Bank is widely expected to raise interest rates for the first time since 2023 as policymakers respond to rising inflation fuelled by higher energy prices linked to the Iran war.

Economy

US inflation reaches 4.2%, clouding Fed rate-cut outlook

Annual inflation accelerated to 4.2% in May, driven largely by higher fuel costs, as rising prices continue to weigh on household budgets and cloud the Federal Reserve's interest-rate outlook.

Business

German-led fighter jet consortium launches after FCAS collapse

An Airbus-led alliance of eight defence firms will launch Team Gen 6 in Berlin, a German-backed sixth-generation fighter jet project intended to replace the collapsed Franco-German-Spanish FCAS programme, AFP reports.

Markets

Tech sell-off deepens but oil stays flat despite renewed Iran tensions

Global stock markets fell on Wednesday, extending a volatile week driven by concerns about rising inflation, potential interest rate hikes and escalating tensions in the Middle East.

Business

Airbus-led group proposes fighter jet alternative after FCAS collapse

The FCAS programme had been viewed as a flagship European defence project, aimed at strengthening military cooperation as Europe faces a more assertive Russia.

Business

ChatGPT maker OpenAI files for IPO as AI rivals race to go public

OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts.

Economy

Robotaxis are coming to Europe — and the EU wants to speed things up

France, Germany, Italy and 14 other countries have signed a joint declaration to coordinate autonomous vehicle testing across borders, paving the way for faster adoption of the technology across Europe.

Business

Iran war fuel shock wipes out half of airline profits in 2026

Revenues are forecast to rise strongly and passenger traffic to hit new records, yet the global airline industry is seeing profits squeezed by an Iran war-driven jet fuel price shock, according to the industry's latest outlook.

Markets

European markets open mixed as AI stocks sell-off hits Asia

European stock markets had a mixed opening, as shares fell in Asia, with South Korea's benchmark dropping more than 5%. This comes as US markets saw sharp declines in several major artificial intelligence-related stocks on Thursday.

Business

Global steel crisis deepens as oversupply grows, OECD warns

The global steel industry is facing a growing crisis as subsidised production and excess capacity continue to distort markets, according to the OECD. It says state-backed steel production, particularly in China, is increasing pressure on producers in Europe and other OECD economies.

Business

Remy Cointreau posts 35% profit drop, shares jump on recovery hopes

French drinks group Remy Cointreau reported a 35% drop in full-year net profit on Thursday as tariffs slammed sales in its key China and US markets. Despite this, shares soared more than 10% on Thursday morning.

Business

SpaceX targets biggest IPO in history with $1.75tn valuation

The company said on Wednesday that it plans to list its shares at $135 each. The offering would value SpaceX at around $1.77tn (€1.56tn), making it one of the world's most valuable listed companies and potentially the largest IPO in history.

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