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Microsoft deal brings OpenAI closer to becoming a for-profit firm

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Business

Europe’s M&A market is alive and kicking - in spite of the odds

Geopolitical unrest and trade uncertainty are complicating mergers and acquisitions (M&A). Despite the volatility, battle-hardened executives are pushing ahead with dealmaking.

Markets

Microsoft surpasses $4 trillion valuation after stellar earnings

Microsoft revealed for the first time that Azure, the engine of its AI ambitions, now pulls in more than €65 billion a year — cheering investors.

Business

Sweden’s Klarna receives licence from UK’s Financial Conduct Authority

The move will allow the fintech firm to launch a debit card and offer its UK-based customers Klarna accounts where they can save funds.

Business

Tesla sales and profits continue to drop, with no relief in sight

The fallout from Elon Musk's plunge into politics a year ago is still hammering his Tesla business as both sales and profits continued to drop sharply in the latest quarter.

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Business

Netflix delivers steady growth but disappoints in its outlook

Netflix on Thursday announced nearly 50% profit growth for the last quarter as the video streaming service's more than 300 million subscribers have become increasingly attractive to advertisers.

Business

TSMC's profit soars by 60% thanks to robust AI chip demand

The world’s largest contract chip manufacturer TSMC, reported better-than-expected results as AI chip demand has been boosting the company's sales.

Business

Wizz Air halts Abu Dhabi operations as instability threatens profits

Wizz Air's decision to end operations out of its hub in Abu Dhabi comes as it aims to focus on its core markets in Central and Eastern Europe.

Business

Nvidia hits $4 trillion making it world’s most valuable company

Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after a two-year investor frenzy.

Business

Samsung expects profit to halve as tariffs and export curbs bite

The South Korean company’s second-quarter operating profit is expected to be less than half of what the company reported last year.

Business

France’s Capgemini to buy WNS for $3.3bn to improve AI offerings

The acquisition comes as Capgemini seeks to expand its AI operations, and WNS will also provide more access to the US market.

Markets

July's seasonal magic: European stocks' summer rally revealed

European stocks historically shine in July, with the EURO STOXX 50 and STOXX 600 averaging strong gains and 70% win rates. French banks like BNP and Credit Agricole, along with luxury giants, show standout seasonal strength.

Business

Renault reports nearly €10 billion non-cash loss due to Nissan stake

The French carmaker said it would change the way it accounts for its stake in its long-term Japanese partner, based on Nissan’s share price.

Business

Nike expects US tariffs to cost it $1bn and warns of falling sales

The ailing US sportswear company reported falling revenues and income. Its fiscal guidance for the current quarter nonetheless gave investors a glimmer of hope, pushing the share price up around 10% in after-hours trading in the US.

Business

RTL to buy Sky Deutschland for €150mn in TV consolidation effort

Media conglomerate RTL will have the right to use the Sky brand in Germany, Austria, Switzerland, Luxembourg, Liechtenstein and South Tyrol.

Business

Airbus pledges higher dividends as it confirms financial guidance

The pan-European aerospace firm said it would increase shareholder returns and leave its 2025 financial targets unchanged in an attempt to reassure investors.

Business

French lender BPCE to buy Portugal's Novo Banco in major merger deal

Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which bought its stake in Novo Banco in 2017, is now offloading it.

Business

Wizz Air sees income hit by engine issues and grounded aircraft

CEO József Váradi said the airline had shown resilience in a context where “rare challenges” had become “recurrent”.

Business

Volvo Cars sales plunge 12% in May as tariff challenges continue

Rising tariff uncertainty and higher material prices, among other factors, has resulted in several European car companies to implement drastic cost-cutting measures.

Business

Antonio Filosa named new Stellantis CEO as tariff fears rumble on

Former CEO Carlos Tavares resigned in December after the firm issued a profit warning on slumping sales in the US and Europe.

Business

EasyJet loss widens but UK budget airline confirms its 2025 targets

EasyJet’s shares fell after the British airline reported higher losses than a year ago despite increased revenues and strong traffic.