Browsing: Business

Italy seizes €1.3bn from Campari owner Lagfin in a tax fraud probe over undeclared gains during a corporate merger, confirming no charges against Campari.

Mauritania and France signed a €39.2m deal to fund 10 solar power plants with battery storage to boost energy access and improve grid reliability.

ECB keeps rates unchanged at 2% as inflation nears target and eurozone growth remains stable amid global challenges.

EU pasta output reached 6 million tonnes in 2024, valued at €9.1 billion, with Italy producing 69 percent and leading both production and exports.

Russia sets a 66 percent increase target for non-energy exports by 2031, focusing on trade diversification across Asia, Africa, and Latin America.

Belgium’s government ended budget talks without a 2026 deal as Prime Minister Bart De Wever’s coalition failed to agree on €10 billion in savings.

Gold now accounts for 20% of official reserves worldwide, overtaking the euro and strengthening its role as a key asset in central bank portfolios.

Euro area annual inflation rose to 2.2% in September 2025, driven by services and food prices, marking a shift after two months of stable consumer prices.

Nestlé to cut 16000 jobs globally over two years in major restructuring aimed at operational efficiency following leadership transition and cost review.

ECB President Lagarde says Europe is seeing momentum toward less regulation, calling for streamlined rules while preserving financial system safeguards.