GameStop mania unfolded: Key milestones in meme stock frenzy
GameStop is back in the limelight after a hiatus of three years with the return of social media influencer “Roaring Kitty” Keith Gill, a key figure in the Reddit-driven “meme ...
Robinhood bets big on crypto with $200 million deal for Bitstamp
Trading platform Robinhood Markets (HOOD.O) said on Thursday it has agreed to buy crypto exchange Bitstamp for about $200 million in cash, speeding up a broader push into digital assets ...
Europe pulls back as ECB shows caution after first cut in nearly 5 years
World stocks were on the brink of an all-time high and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly ...
ECB cuts interest rates for first time in 5 years — future moves unclear
The European Central Bank cut interest rates for the first time in five years on Thursday but kept investors in the dark about its next move given increasing uncertainty over ...
Eurozone business activity expands at fastest rate in a year
Eurozone business activity expanded at its quickest rate in a year in May as growth in the bloc’s dominant services industry outpaced contraction in manufacturing, according to a private ...
Backlash blunts edges of UK watchdog’s ‘naming and shaming’ plan
Britain’s markets regulator is expected to narrow down plans to name companies under investigation, four lawyers told Reuters, after a government and industry backlash labelled the proposals misjudged and ...
Zara owner Inditex boosted by pick-up in Spring sales
Zara owner Inditex (ITX.MC) reported a pick-up in recent sales from its Spring/Summer collections, boosting its shares on Wednesday as the world’s top fashion retailer delivered quarterly ...
SAP to acquire Israel-based WalkMe
German software firm SAP (SAPG.DE) said on Wednesday it will acquire WalkMe (WKME.O), a Saas company headquartered in Tel Aviv.
Shares in the latter were up 42 per cent ...
Turkey to impose crypto assets, stocks transaction tax
Turkey has almost finalised work on imposing a transaction tax on the purchase and sale of stocks and crypto assets, an economy official said on Wednesday.
The move is part ...
British sandwich chain Pret abandons plan to open in Israel
British sandwich and coffee chain Pret A Manger said it has given up on a plan to open stores in Israel, blaming travel restrictions on UK staff as a result ...
Russia’s two largest banks to open in annexed regions of Ukraine by July
Russia’s two largest banks expect to open branches and offices in July in the regions of Ukraine that Moscow claimed to have annexed in 2022, the heads of Sberbank (SBER....
Oil drops more than $1/bbl as OPEC+ decision spotlights shaky demand
Oil prices fell more than $1 a barrel on Tuesday on scepticism about an OPEC+ decision at the weekend to boost supply later this year into a global market where demand ...
Eurozone manufacturing sees potential signs of recovery in May
The long-running downturn in eurozone manufacturing may have turned a corner last month, according to a survey which showed new orders declined at their slowest pace in two years, leading ...
Turkish manufacturing contracts further in May, PMI shows
Turkish factory activity contracted again in May as a slowdown in demand caused firms to scale back production and employment, a survey showed on Monday.
The Purchasing Managers’ Index (PMI) ...
Top EU data regulator says tech giants working closely on AI compliance
The world’s leading internet firms are engaging extensively with regulators in the European Union to ensure their artificial-intelligence products do not fall foul of the bloc’s strict data ...
Aircraft shortages turn into cash bonanza for some airlines
Aircraft shortages are turning into a moneymaker for some airlines as the dearth of supply allows carriers to sell new planes to leasing companies at much higher prices than they ...
Toyota showcases compact engines adaptable to different fuels
Toyota has showcased next-generation engines that can be used in cars as varied as hybrids and those running on biofuel, as it targets tougher emissions standards and doubles down on ...
Trading app Robinhood unveils maiden stock buyback plan of $1 bln
Trading app Robinhood Markets (HOOD.O) has launched its first-ever share buyback plan, saying it would repurchase $1 billion worth of stocks as it looks to grow beyond its startup phase.
...
BYD unveils new hybrid tech as battle with gasoline rivals heats up
China’s BYD (002594.SZ) launched this week the latest version of a plug-in hybrid technology that improves fuel and cost savings, intensifying competition with the likes of Toyota and Volkswagen ...
Polish game developer CD Projekt posts 44 per cent first-quarter profit jump
Polish video game developer CD Projekt (CDR.WA) has posted a bigger than expected 44 per cent jump in first-quarter net profit, driven by higher game sales.
Net profit reached 100.1 million ...
AI darling Nvidia’s market value surges closer to Apple
Nvidia’s (NVDA.O) shares rallied around 6 per cent to hit a record high earlier this week, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking ...
France looks to elusive EU capital market to fix start-up funding
France is banking on a new push to integrate the European Union’s fragmented capital markets to give them the scale needed to wean its flourishing startup sector off of ...
OpenAI sets up safety committee as it starts training new model
OpenAI has formed a Safety and Security Committee which will be led by CEO Sam Altman as it begins training its next artificial intelligence model, the AI startup said this ...
EU response to crises over five turbulent years: braver, greener, fairer
By Maria Demertzis
In 2019, ahead of that year’s European elections, my colleague Guntram Wolff, at the time Bruegel’s director, and I edited a collection of essays written by ...