Market Focus on Inflation Readings This week, major economies are set to release crucial inflation data that will offer insights into the potential interest rate adjustments by central banks. The…
Tag: business
European Commission Accuses Apple of Breaking Digital Markets Act with App Store Regulations
Apple’s App Store policies are under fire as the European Commission accuses the tech giant of breaching the EU’s Digital Markets Act (DMA). The preliminary findings allege that Apple’s rules…
EU’s Landmark Cryptocurrency Law Takes Effect Amid Uncertainty
Introduction The European Union’s groundbreaking cryptocurrency law, known as the Markets in Crypto Assets regulation (MiCA), is set to take effect this week. MiCA represents a world-first by adapting financial…
UK Retail Sales Surge After April Showers: A Brighter Outlook
The unpredictable British weather played a pivotal role in May’s retail landscape, as shoppers emerged from their homes under blue skies and a more optimistic meteorological forecast. After April’s heavy…
Varta Adjusts Revenue Forecast Amid Energy Storage Market Challenges
German battery manufacturer Varta AG faces headwinds as it revises its full-year revenue projection for 2024. The anticipated figure now falls between €820 million and €870 million, a decrease from…
TikTok’s High-Stakes Negotiations and the “Kill Switch” Controversy
Court documents reveal intense negotiations between TikTok and the US government, shedding light on the battle to prevent a US ban. The social media giant, owned by China-based parent company…
Revolut Seeks $40 Billion Valuation in Share Sale
British fintech company Revolut is in talks to sell existing shares, aiming for a valuation of over $40 billion. If confirmed, this would make Revolut Europe’s most valuable start-up, surpassing…
Trade Unions Urge Brussels to Approve Lufthansa’s €325m ITA Purchase
Call for Rapid Approval of Lufthansa’s ITA Buy Airline staff representatives have urged the European Union to swiftly approve Lufthansa’s €325 million purchase of Italy’s state-owned ITA Airways. This acquisition…
Surge in EU Car Registrations
Car registrations in the European Union soared by nearly 14% year-on-year in April, with petrol vehicles losing market share. According to the European Automobile Manufacturers’ Association (ACEA), the number of…
Nvidia Reports Stellar Earnings Amid AI Boom
Nvidia, the leading chipmaker, reported impressive earnings for the first quarter of fiscal year 2025, driven by a surge in demand for artificial intelligence (AI) chips. The company also announced…