Europe
European finance: the eurozone, the City of London, the ECB and the continent’s companies and markets.
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ECB tells Europe's biggest banks to prepare for AI-powered cyber threats
The European Central Bank has given the eurozone's largest lenders until the end of October to explain how they will strengthen th…
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Samsung loses over $100bn in market value despite record AI-driven profit
Samsung Electronics has forecast a nineteen-fold leap in quarterly profit, its third record quarter in a row, yet investors respon…
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Sky agrees to buy British broadcaster ITV for up to £1.6 billion
The two British media businesses are set to come under one roof, as ITV has agreed to sell its broadcasting and streaming business…
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EasyJet shares soar 10% as budget airline agrees to $7.3 billion Castlelake takeover
EasyJet shares surged in early dealmaking Monday after it agreed in principle to takeover bid from Castlelake.
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South Korea to funnel AI chip tax windfall into public investment, housing and jobs
South Korea plans to channel a surge in tax revenue from its booming AI chipmakers into a new state fund, backing everything from …
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EasyJet shares jump 10% as board backs Castlelake takeover proposal
The budget airline said it has reached ‘an agreement in principle’ with US investment firm Castlelake.
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EBRD backs Kazakhstan's move up the minerals value chain with €255m loan
The European Bank for Reconstruction and Development (EBRD) is financing Kazakhstan's first large-scale refractory gold ore proces…
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Lagarde mulls leaving ECB early to play a role in French elections
European Central Bank President Christine Lagarde said she is considering the possibility of taking part in the upcoming French el…
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The Tech Download: Amazon’s devices chief Panos Panay on tech giant's AI gadget push
CNBC's Arjun Kharpal sits down Amazon's Panay on the latest episode of The Tech Download podcast.
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AI is outpacing the rules, Europe’s top bankers and regulators warn
Europe's top bankers and financial regulators are grappling with how to better regulate AI risks.
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October deadline for China talks 'not realistic at all', chief trade MEP says
Bernd Lange, head of the European Parliament's trade committee, told Euronews the EU should be pushing China hard on unfair indust…
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Central Asia’s power expansion becomes a major investment test
In Uzbekistan, EBRD-backed solar and battery projects are helping finance rising electricity demand. Grid upgrades and a first nuc…
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EU institutions pile on pressure for 'ambitious' budget with new resources
As member states negotiate a €2 trillion long-term budget, the European Commission is advocating for tangible proposals on new rev…
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CMA CGM deploys world's largest LNG-powered container ship on Asia-Europe route
Europe is investing in ever larger, cleaner container ships at a time when maritime sovereignty and supply-chain resilience have b…
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Autonomous drone startup Quantum Systems raises $1.2 billion as investors pile into defense
Defense tech startups are raising record amounts on both sides of the Atlantic amid a flurry of investment in the sector.
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EU car industry clashes over strategy to fight Chinese competitors
With thousands of jobs are at stake, EU car suppliers and manufacturers disagree over the local content requirement set by the Eur…
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Russia’s neighbor to scrap ban on nuclear weapons, says ‘situation is getting worse’
The decision comes shortly after lawmakers in Finland voted to lift its longstanding ban on nuclear weapons.
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US job growth plummets as eurozone unemployment holds at record low
New labour market data highlights a growing transatlantic divide, with US payroll additions slowing drastically, while the Eurozon…
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OpenAI offers the US government a 5% ownership stake
Sam Altman reportedly wants to hand the US government a stake in OpenAI worth tens of billions, and he wants Silicon Valley's othe…
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EU Budget Commissioner Piotr Serafin criticises ‘frugals’ over proposed long-term budget cuts
The so-called "frugal" member states are asking a significant reduction in spending ahead of the EU's upcoming 2028-2034 budget.
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Spain jobless total falls below 2.3 million for first time since January 2008
The State Public Employment Service recorded 2,291,982 jobseekers in June, 28,739 fewer than in May, dropping below 2.3 million fo…
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US Federal Reserve expected to decide on rate hike in four weeks, Warsh says
US and European central banks are weighing inflation risks ahead of key policy decisions, with energy prices and an AI-driven inve…
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Google ordered to pay Klarna's PriceRunner €1.7 billion over search abuse
A Swedish court has ordered Google to pay 14.3 billion Swedish kronor plus interest (€1.7bn) in damages to PriceRunner, the price-…
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'Bruising' film about OpenAI picked up by indie studio after Amazon snub
Neon has bought Luca Guadagnino's unflinching drama about Sam Altman, weeks after Amazon walked away from the nearly finished film…