Business· 5h
Volvo Cars will cut 2,500 jobs worldwide
Volvo Cars plans to cut 2,500 jobs worldwide to reduce costs after posting a third-quarter loss. About 2,000 cuts are expected in Sweden; the impact on its Ghent plant remains unclear.
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Business· 1h
Germany plans strategy to secure refineries
Germany’s government is developing a strategy to secure refinery sites and help the industry shift to cleaner energy sources. The sector faces strong competitive pressure and costly changes.
Business· 2h
Taha Çakmak is detained again in fund investigation
Former Türkiye Sigorta and Türkiye Hayat Emeklilik General Manager Taha Çakmak was detained again in an ongoing fund investigation. He resigned from his role last week.
Business· 54m
Hernández de Cos leads survey to succeed Lagarde at ECB
A Bloomberg survey of economists names former Bank of Spain governor Pablo Hernández de Cos the leading candidate to succeed Christine Lagarde at the European Central Bank. Dutch former central bank chief Klaas Knot ranks second.
Business· 55m
Munich Re raises its outlook after a strong quarter
Munich Re raised its annual outlook after a strong quarter, citing fewer major losses and strong investment results.
Business· 1d
Barclays Plans 5,000 Job Cuts as AI Use Grows
Barclays plans to cut about 5,000 jobs, roughly 5% of its workforce, by the end of 2026. The bank cited efficiency gains from AI and technology changes.
Business· 1h
High Rates Lower City Home Prices as Rents Rise
Ten-year mortgage rates have reached their highest level since the financial crisis. Home prices in major cities are under pressure, while rents continue to rise.
Business· 1h
Belgian court releases €75.8 million held for Spain
A Belgian court overturned Blasket Renewable Investments’ seizure of funds owed by Eurocontrol to Spain’s Enaire. It ordered the immediate release of about €75.8 million held as security.
Business· 52m
Turkish Eximbank and Canada’s EDC sign cooperation deal
Turkish Eximbank and Export Development Canada signed a memorandum to support joint projects by Turkish and Canadian companies in third-country markets. Trade Minister Ömer Bolat also said Turkey and Slovakia could reach their $5 billion trade target next year.
Business· 52m
Verdi calls warning strikes at private banks
Verdi has called warning strikes at private banks ahead of the next round of pay talks on Nov. 2. About 150,000 employees are affected by the labor dispute.
Business· 53m
Brandenburg Minister Travels to Japan to Seek Investors
Brandenburg’s economy minister is traveling to Japan to seek new investors. The state says it wants to remain open to foreign investment.
Business· 54m
Generali plans three German site closures and 800 job cuts
Generali plans to close three sites in Germany by 2030, merging them with nearby regional centers. The insurer expects to cut 800 jobs; talks with the works council are still pending.
Business· 54m
Mahou San Miguel extends Real Madrid deal through 2033
Mahou San Miguel has renewed its Real Madrid sponsorship through 2033. The agreement expands to new markets and categories and includes the club’s men’s and women’s football teams and basketball team.
Business· 17h
Musk invests $1 billion in Skydance
Elon Musk invested $1 billion in Skydance, providing a financial boost as the company seeks to cut costs and raise its stock price.
Business· 1d
Retired decorator sells Pokémon cards for £1.56 million
A retired decorator sold a Pokémon card collection stored in his attic for 15 years for £1.56 million. The collection was initially valued at £270,000.
Business· 1h
Turkey targets 19 million private pension participants by 2027
Turkey aims to increase participation in its private pension system to 19 million by 2027. A 2027 budget proposal projects 20 million participants by 2029 and points to new options for workers.
Business· 2h
Turkcell and Samsung target 650,000 5G phones by 2027
Turkcell and Samsung plan to provide customers with 650,000 5G-compatible Samsung phones by the end of 2027, including at least 200,000 premium models. A device upgrade program is set to begin in November 2026.
Business· 2h
ASELSAN signs $442.5 million export deal
ASELSAN signed a $442.5 million export contract with an international customer. The deal covers radar, counter-drone, command and control systems.
Business· 1d
Bose acquires Skullcandy to reach new audiences
Bose is acquiring headphone and speaker maker Skullcandy after years of collaboration. The deal aims to broaden Bose’s audience; its price was not disclosed.
Business· 1d
Airbnb bans hosts from requiring guest chores
Airbnb will bar hosts from requiring guests to do time-consuming checkout chores, including washing dishes, stripping beds and taking out trash. The rules apply to reservations booked from Nov. 20.
Business· 1d
Meta offers Zuckerberg shares as he weighs leaving California
Meta disclosed that Mark Zuckerberg considered leaving California if voters approve a proposed tax on billionaires. The company says new shares would provide liquidity to cover the tax while preserving his control.
Business· 1d
New Mexico court orders Meta to pay $25 billion
A New Mexico court ordered Meta to pay $25 billion over claims it misled users about access to their personal data. The case is linked to the Cambridge Analytica scandal.
Business· 1d
EA plans to close BioWare and cancel Mass Effect
Electronic Arts plans to close BioWare and has canceled the next Mass Effect game. About 50 BioWare employees are among roughly 400 affected by layoffs across EA, according to reports.
Business· 1h
Mercedes plans to cut temporary workers at German plants
Mercedes reportedly plans to cut some of its roughly 3,000 temporary workers at plants in Sindelfingen, Bremen and Rastatt as part of a cost-cutting drive.
Business· 4h
Turkey’s Inflation Expectations Fall in October
The Central Bank of the Republic of Turkey says 12-month inflation expectations fell in October among households and businesses. Household expectations dropped 1.85 points to 43.75%, while businesses’ fell 0.70 points to 31.80%.
Business· 2h
Turkey expects grain and fruit production to rise in 2026
Turkey’s statistics agency forecasts grain production will rise 30.9% and fruit production 60.8% in 2026 compared with last year. Vegetable production is expected to decline slightly.
Business· 1d
Meta’s third-quarter revenue rises 26% to $64.6 billion
Meta’s third-quarter revenue rose 26% to $64.6 billion. The company reported net profit of $9.9 billion.
Business· 3h
Many parents feel pressure to give children a strong start
Nearly two-thirds of parents believe they can give their children a better start than their own parents gave them. For many, financial support remains a burden.
Business· 1d
Tesla Revenue Stays Flat as Net Income Falls 43%
Tesla reported $28 billion in third-quarter revenue, roughly flat year over year, while net income fell 43% to $787 million. Revenue exceeded analyst expectations.
Business· 1d
FC Bayern sells its last available shares to Viessmann
FC Bayern sold its remaining available stake to Viessmann Generations Group for about €250 million. The deal gives the company a seat on the club’s supervisory board.
Business· 5h
German construction orders jump 23% in August
Orders in Germany’s main construction sector rose 23% in August, the sharpest monthly increase since records began. Civil engineering benefited particularly from large contracts.
Business· 1d
Eight Australians Sue Meta Over Alleged Harm to Children
Eight people have filed a class action against Meta in Australia, alleging its social media platforms are addictive and expose children to harmful content. They are seeking compensation.
Business· 1d
Tesla plans Cybercab sales by year-end
Tesla plans to begin selling its driverless Cybercab by year-end. The company has not announced a price, and US vehicle safety regulators have opened an investigation into the car’s lack of a steering wheel and pedals.
Business· 2d
UK Approves Jackdaw Gas Project in the North Sea
The UK government has approved the Jackdaw gas project in the North Sea. The gas is expected to supply UK households, while environmentalists criticize the decision over climate concerns.
Business· 2d
EU investigates Booking.com over customer scam protections
The European Commission is investigating whether Booking.com does enough to protect customers from scams, including fake listings, identity fraud and phishing. It is also examining whether paid placements are clearly labeled.
Business· 1d
eBay will cut about 1,000 jobs
eBay says it will cut about 1,000 jobs, roughly 9% of its workforce, to streamline operations and focus resources on faster-growing areas.
Business· 2d
Tesla and SpaceX discuss a possible merger
Tesla and SpaceX have formed special committees to discuss a possible merger, Elon Musk said. No terms have been agreed, and there is no guarantee of a deal.
Business· 2d
Netflix growth slows as shares fall
Netflix’s growth is slowing, and its shares have fallen. The streaming company says it plans to turn things around.
Business· 2d
UK inflation climbs to 3.5% as fuel prices rise
UK inflation rose to 3.5% in September from 3.1% in August, reaching its highest rate in almost a year. Rising fuel prices contributed to the increase, according to the ONS.
Business· 2d
SpaceX posts $4.4 billion quarterly profit
SpaceX reported a $4.4 billion profit and a 161% year-over-year revenue increase in the third quarter. Starlink and AI-related business drove growth.
Business· 23h
Pentagon and Lockheed Martin agree on 850 F-35s
The Pentagon and Lockheed Martin signed a framework agreement covering at least 850 F-35 fighter jets over 10 years. The deal still requires congressional approval.
Business· 3d
Revolut confirms outage affecting payments and app access
Revolut confirmed an outage affecting multiple services, with customers reporting problems making payments and accessing funds. Lloyds customers also reported online banking issues.
Business· 2d
France’s 10-year bond yield tops 5% for first time since 2002
France’s 10-year bond yield has exceeded 5% for the first time since 2002. Concerns about public finances and political stability have driven yields higher.
Business· 2d
Anthropic could spend $750 billion on computing
Anthropic could spend $750 billion on additional computing capacity in the coming years, according to information in its IPO filing.
Business· 2d
Vinted removes suspicious listings after France riots
Vinted is tightening checks and removing suspicious listings after reports that possibly looted goods appeared on online marketplaces following riots in France. The French government has called in online sales platforms and urged them to remove illegal listings.
Business· 2d
FAA certifies Boeing’s 737 Max 10 after years of delays
The FAA certified Boeing’s 737 Max 10, the largest model in the 737 Max family, after years of delays.
Business· 23h
Döpfner proposes buying TikTok’s European business
Axel Springer CEO Mathias Döpfner proposed that his company join a deal to buy TikTok’s European operations, according to reports. He reportedly discussed the idea with U.S. Ambassador to France Charles Kushner.
Business· 2d
Carrefour cuts forecast after unrest in France
Carrefour cut its forecast after protests in France were overshadowed by violent unrest and looting, with economic consequences for retailers.
Business· 3d
Ryanair CEO Warns European Airfares Will Hit Record Highs
Ryanair CEO Michael O’Leary predicts record airfare increases in Europe as the war pushes up oil and fuel costs. He said airlines will pass higher costs on to passengers.
Business· 2d
BBC will end three broadcast services in 2027
The BBC plans to end broadcast services on BBC Three, BBC Scotland and Radio 4 Extra in spring 2027. The cuts are part of a drive to save £500 million by 2028, with job losses also announced.
Business· 18h
Turkey passes fund liquidation law with payments up to 1 million lira
Turkey’s parliament passed a law setting rules for liquidating certain investment funds and recovering assets allegedly removed unlawfully. Eligible investors may receive interim payments of up to 1 million lira.
Business· 2d
Getty Images Files for Bankruptcy Protection
Getty Images filed for U.S. bankruptcy protection to restructure its debt and strengthen its finances. The planned restructuring would also take the company private and remove it from the New York Stock Exchange.
Business· 16h
Turkey’s board targets 48 over share trading
Turkey’s Capital Markets Board plans criminal complaints against 48 people following reviews of trading in Altınkılıç Gıda and Anel Elektrik shares. It also ordered two-year trading bans for 48 people and five companies, and suspended 28 people’s licenses during the ban period.
Business· 9h
German fishers report poor North Sea crab catches
German crab fishers are reporting disappointing catches after an exceptionally strong preseason. Crab rolls are not expected to become much more expensive.
Business· 9h
Drugmakers expect revenue to fall amid Trump tariff dispute
Tariff threats and uncertainty are weighing on the pharmaceutical industry. Revenue is expected to fall after a strong previous year, with potential consequences for jobs.
Business· 4d
Musk Pledges SpaceX Shares to U.S. Children
Elon Musk says he plans to give one SpaceX share to every child in the United States next year. He has not explained eligibility or how the shares would be distributed.
Business· 1d
Turkey pays 8.9 billion lira in Hedef Portföy fund liquidation
Turkey says 18 Hedef Portföy funds have completed liquidation, with 8.9 billion lira paid into 10,008 accounts. Overall, 47 funds remain in liquidation, and 49.7 billion lira has been paid to 55,755 accounts.
Business· 9h
Christmas tree season starts in November
The first Christmas trees of the season will be felled from November. The report looks at the dry summer’s effects, popular tree varieties and expected prices.
Business· 4d
Four telecoms explore joint bid for European satellite spectrum
Four major European telecom operators signed a letter of intent to study a joint bid for satellite spectrum. The initiative aims to strengthen Europe’s connectivity infrastructure and compete with Starlink.
Business· 1d
Turkey’s central bank is set to announce its rate decision
Turkey’s central bank is due to announce its seventh rate decision of the year. Most economists expect a 100-basis-point cut to 36%, though some foresee no change.