By Sudip Kar-Gupta PARIS (Reuters) – Bankruptcies in France’s tech start-up sector are increasing, according to a survey published on Tuesday whose findings could undermine President Emmanuel Macron’s image of Paris as a leading European tech hub and key driver of the French economy. During his first term in office, Macron touted Station F in …
French tech start-up bankruptcies are increasing, survey finds Read More »
BUDAPEST (Reuters) -Shipment of crude oil via the Druzhba pipeline resumed on Tuesday afternoon after a suspension following a Ukrainian drone attack on a metering station, said Hungarian foreign minister Peter Szijjarto. Ukraine said on Tuesday it had struck an oil refinery near Moscow and a facility in Russia’s Oryol region that is part of …
Crude shipments on Druzhba pipeline have resumed, Hungary says Read More »
By Nikhil Sharma and Purvi Agarwal (Reuters) -European shares fell to their lowest levels in more than a month on Tuesday on fears that U.S. trade policies could dent growth after President Donald Trump doubled tariffs on imports of steel and aluminium products from Canada to 50%. The pan-European STOXX 600 was down 1.7%, closing …
European shares fall after fresh Trump tariff threats Read More »
(Reuters) -Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the beginning of 2025: CAR AND CAR PARTS MAKERS * CONTINENTAL: The German tyre maker’s automotive branch decided on February 18 to cut 3,000 jobs …
Factbox-European companies cut jobs as economy slows Read More »
MILAN (Reuters) – Stellantis-owned Maserati has cancelled plans for an electric version of its MC20 sports car because of expected poor demand, the struggling luxury carmaker said on Tuesday. The MC 20 Folgore had been due to debut this year. Maserati has taken the decision because of the commercial prospects, with few vehicles expected to …
Stellantis’ Maserati brand cancels plans for electric sports car Read More »
By Tim Hepher PARIS (Reuters) -Airbus Helicopters on Tuesday announced the launch of its first all-new helicopter in about a decade: a light, twin-engined model aimed initially at emergency services. The H140 helicopter in the 3 metric ton class will enter service in 2028 and expand on the existing H135, the world’s largest civil helicopter …
By Toby Sterling AMSTERDAM (Reuters) – The European Commission is raising $20 billion to construct four “AI gigafactories” as part of Europe’s strategy to catch up with the U.S. and China on artificial intelligence, but some industry experts question whether it makes sense to build them. The plan for the large public access data centres, …
If Europe builds the gigafactories, will an AI industry come? Read More »
PARIS (Reuters) – Renault Group will cut 300 jobs at a van factory in northern France, the carmaker said on Tuesday, responding to slowing European demand for commercial vehicles in the face of growing economic uncertainty. The French company, which is the European van market leader under its Renault brand, makes about 14% of its …
Renault cuts 300 jobs at van factory as European market slows Read More »
By Giulia Segreti ROME (Reuters) – Italy’s Leonardo on Tuesday lifted its guidance for the next four years as the defence and aerospace group continues to look at broad international alliances and cooperation with peers to boost its growth. The state-controlled company aims to “update the concept of traditional defence”, it said, focusing on its …
Italy’s Leonardo lifts guidance for next four years, alliances seen key to growth Read More »
LONDON (Reuters) – Britain’s government on Tuesday paid the highest yield on an inflation-linked bond sold via a syndication since it began such sales almost 20 years ago. The government’s debt office said it received a record 67.5 billion pounds ($87.28 billion) in orders for the new 25-year linker in its final syndication of the …
UK pays record yield on new inflation-linked bond in syndication sale Read More »
