Key Points Britain’s top court is poised to deliver a highly anticipated judgment on the country’s multi-billion-pound car finance debacle. The crisis has drawn comparisons to Britain’s Payment Protection Insurance scandal, which was estimated to have cost lenders more than £50 billion ($66.1 billion). Notably, analysts at RBC Capital Markets slashed their estimates for how much…
Heat waves and longer summers are driving seasonal spikes in demand for cooling units, highlighting the need for efficient technologies and adequate power supply to keep Europe cool. This year is set to bring another record hot summer, with temperatures reaching as high as 39 degrees Celsius in Paris. The increase in heat, as well…
Trade tensions are rising, forcing top executives to rewrite the rulebook on how their companies operate, where they invest and what customers buy. In interviews with CNBC this earnings season, CEOs across industries — from aluminum and aerospace to chocolate, banking, telecoms, and energy — sent a clear message: tariffs are no longer just a political…
The brand logo of the mineral oil and natural gas company Shell plc can be seen at a filling station of the company in Nuremberg (Bavaria) on July 25, 2025. Picture Alliance | Picture Alliance | Getty Images Britain’s Shell on Thursday reported better-than-expected second-quarter profit and maintained the pace of its shareholder returns, despite…
Rhineland-Palatinate, Mainz: Fruit is sold at the weekly market. Andreas Arnold/dpa | Picture Alliance | Getty Images German inflation fell more than expected to 1.8% in July, data from statistics agency Destatis showed Thursday. Economists polled by Reuters had anticipated inflation to dip to 1.9%. July’s reading compares to the 2% print recorded in June,…
Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. LONDON — Britain’s competition regulator on Thursday said that Microsoft and Amazon hurting competition in the cloud computing industry and called for a probe into their market dominance under the country’s…
A customer stands in front of a fruit and vegetable stall at an open-air market in Paris on July 15, 2025. Behrouz Mehri | Afp | Getty Images Euro zone inflation was unchanged at a higher-than-expected 2% in July, flash data from statistics agency Eurostat showed Friday. Economists polled by Reuters had expected the figure…
