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Inflation hits record 8.9% in euro area, but economy grows
Inflation hits record 8.9% in euro area, but economy grows
Synopsis
Annual inflation in the eurozone's 19 countries rose to 8.9% in July, an increase from 8.6% in June, according to numbers published Friday by the European Union…
France woos Indian cos after topping most attractive investment ranking in Europe
France woos Indian cos after topping most attractive investment ranking in Europe
Synopsis
France is wooing Indian companies, particularly startups, for investments after it topped for the third year in a row an EY survey on most…
Google and Amazon struggling to layoff employees in Europe, offering up to 1 year salary so they…
Google and Amazon struggling to layoff employees in Europe, offering up to 1 year salary so they leave voluntarily
In Europe, companies like Google and Amazon are not able to hand over pink slips to tons of employees and the layoff process…
Russian sanctions shift oil price-making power to Asia from Europe
Russian sanctions shift oil price-making power to Asia from Europe
Synopsis
Analysts and government officials from consumer countries use the term Asian premium to refer to the higher prices Asian importers have paid for oil sold by big…
EU: New business sustainability law risks being undermined by glaring human rights loopholes
EU: New business sustainability law risks being undermined by glaring human rights loopholes
The exclusion of banks and financial institutions, as well as waivers for companies that sell high-risk security equipment and surveillance…
EU institutions near agreement on business-to-government data sharing
EU institutions near agreement on business-to-government data sharing
The Data Act’s chapter on business-to-government (B2G) data sharing, which would empower the public sector to access private data, is one of the most advanced parts of…
China’s tech transfer problem is growing, EU business group says
China's tech transfer problem is growing, EU business group says
Cases of European firms forced to transfer technology in China are increasing despite Beijing saying the problem does not exist, a European business lobby said, adding that…
Magna Awarded New High-Voltage eDrive Business with Europe-Based Global OEM
Magna Awarded New High-Voltage eDrive Business with Europe-Based Global OEM
Coming to market on 2027 model SUVs and sedans
Enables fast reconnect through new decoupling system
Power range from 100 kW to 140 kW, optimized for…
TVA debt rising again and other business news
TVA debt rising again and other business news
TVA debt rising after 30-year low
After falling last year to a 30-year low, the debt of the nation's biggest government utility is rising again due to investments in new generation and…
For Hire: Central Europe’s business services firms spy a chance in crisis
For Hire: Central Europe's business services firms spy a chance in crisis
As the COVID-19 pandemic wipes out jobs and empties offices across the world, companies in Central Europe that provide remote, lower-cost services for multinationals…