Business
Stellantis plunges after taking 22 billion euros hit on EVs
The writedowns, which include some 6.5 billion euros in cash payments mainly to compensate suppliers Stellantis shares fell the most on…
Tag
Euros
Business
Seatrium unit faces 130 million euros in claims from consortium partner amid arbitration proceedings
Seatrium adds that it is currently ‘unable to definitively ascertain the financial impact, if any’ Seatrium New Energy (SNE), a wholly…
Business
HSBC plans risk transfer linked to 2 billion euros of corporate loans
It enables the bank to boost its solvency ratios and reduce reliance on less shareholder-friendly options HSBC is gauging investor demand…
Business
Mapletree acquires logistics facility in the Netherlands for 32.3 million euros
Since entering the European logistics market in 2018, the group has amassed 82 logistics assets across eight countries Mapletree…
Business
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans Telefonica will book a cost of 2.5 billion euros…
Business
Stoneweg Europe Stapled Trust divests office asset in Italy for 34 million euros
Following the divestment, the trust’s exposure to Italy will fall from 18% to 17% The managers of Stoneweg Europe Stapled Trust (Sert) on…
Business
Google faces 110 million euros French asset freeze after Russian ruling, documents show
[PARIS/MOSCOW] The administrator of Google’s defunct Russian business has obtained a temporary freeze on some 110 million euros (S$167…
News
X hit with 120 million euros EU fine for breaching content rules, TikTok settles
Europe’s Big Tech crackdown to boost competition and consumer choice has drawn criticism from Trump’s administration Elon Musk’s social…
Business
Novo gets 15 billion euros of orders for Akero acquisition bonds
Novo Nordisk has pulled in more than 15 billion euros (S$22.6 billion) of investor orders for its multi-tranche bond sale, more than…
Business
ABN Amro to buy NIBC Bank from Blackstone for 960 million euros
The deal will cut the Dutch bank’s CET1 capital ratio by about 70 basis points at closing ABN Amro Bank said it will acquire NIBC Bank…
Business
Stoneweg Europe Stapled Trust divests Slovakia portfolio for 70 million euros
This comes as it focuses on Western European markets with ‘deeper liquidity and stronger tenant demand’ Stoneweg Europe Stapled Trust…
Business
Ikea profit falls 26% to 1.7 billion euros as US tariffs fuel costs
Overall sales from the company’s stores across 63 markets around the world fall for a second year in a row Sweden’s Inter Ikea, which…
Fashion
Prada Group (PRDSY) Tops 4B Euros in 9M Sales
MILAN –The Prada Group hit the 4 billion-euro-mark in the first nine months of the year, a performance that reflected 19 consecutive…
Business
Lionesses return from Euros success - but what may be different in Sarina Wiegman's squad?
The biggest decision for Wiegman is how she will replace Williamson in defence and whether that means a recall for 2023 World Cup captain…
Business
Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says
The ECB has presented the digital currency as an alternative to US-dominated means of payment A digital euro could drain up to 700 billion…
Business
BBVA has 8 billion euros to fund mandatory bid for Sabadell if needed: CEO
A combined entity would become one of the largest lenders in Europe by assets, with about one trillion euros BBVA has eight billion euros…
Business
Stoneweg Europe Stapled Trust divests Italy asset for 11.4 million euros, completes sale in Poland
The completion of the divestment is subject to the customary conditions and is expected in the fourth quarter of this year The managers of…
Business
ASML invests 1.3 billion euros on Europe’s AI champion Mistral
The deal provides Mistral with a major injection and makes it one of Europe’s most valuable private companies ASML Holding is investing…
Business
China’s JD.com to acquire German electronics retailer Ceconomy for 2.2 billion euros
[DUESSELDORF, Germany] JD.com is set to acquire German electronics retailer Ceconomy in a 2.2-billion-euro (S$3.3-billion) deal at 4.60…
Business
VW cuts outlook after US tariffs added 1.3 billion euros in costs
Volkswagen lowered its financial outlook for the year, with the escalating cost of President Donald Trump’s tariffs weighing on earnings…
Business
Jess Carter: England defender to step away from social media after 'a lot of racial abuse' at Euros
England defender Jess Carter says she will take a step back from social media after experiencing "a lot of racial abuse" during Euro 2025.…
Business
Haagen-Dazs maker prices debt for 4.4 billion euros payout to owners
Froneri International, the maker of Haagen-Dazs ice cream, is wrapping up commitments for a debt deal to help fund one of the largest…
Fashion
Hermès bag belonging to Jane Birkin sells at Sotheby’s for 8.6 million euros
Sketched out on an air sickness bag, the first Birkin handbag—the prototype for fashion’s must-have accessory—sold for a staggering 8.6…
Business
Germany’s 34.1 billion euros pension gives mandate to China stock fund
A German pension fund has tapped a Chinese firm’s Hong Kong arm to help it invest in local stocks, in a rare move among global allocators…