Economy
European Commission approves €780 million Dutch hydrogen aid scheme
The state aid package is designed to support the production of renewable hydrogen in the Netherlands.
Turkey's Competition Authority grants conditional approval for A101 to acquire CarrefourSA
The merger requires the divestment of 48 stores and guarantees employee protections for three years.
ECB plans redesign of euro banknotes for security and sustainability
The central bank has opened 10 design proposals for public consultation as part of a new series.
SoftBank Group reports 18% fall in first-quarter net income
Net profit for the June quarter totaled 347.3 billion yen ($2.2 billion).
Türk Telekom reports 41.4 billion TL investment in first half of 2026
Revenue and net profit grew in double digits alongside expansion of fiber and mobile networks.
San Francisco Fed President Mary Daly defends July rate decision
Daly suggests tougher monetary policy remains an option if inflation accelerates.
Persimmon shares rise as company raises full-year outlook
The UK housebuilder reported a 15% increase in pre-tax profits and a rise in home completions.
Nintendo Q1 net profit rises 53.5% to 147.4 billion yen
Strong software sales and movie revenue helped the company exceed analyst estimates despite hardware declines.
Sinopec increases Russian ESPO crude imports as Middle East supply shifts
The refinery operator is utilizing Russian oil to offset declining purchases from Saudi Arabia.
Shipping groups urge UN to oppose Strait of Hormuz tolls
Eight maritime associations warn that compulsory charges could harm the global economy.
Rheinmetall lowers 2026 revenue forecast after German frigate program cancellation
The defense company adjusted its long-term outlook following the end of the multi-billion euro F-126 program.
Ifo Institute President proposes abolishing Germany's reduced VAT rate
Clemens Fuest suggests uniform taxation combined with annual credits for low-income households
Henkel raises sales outlook following first-half growth
The German consumer goods group reported organic sales and profit increases that exceeded estimates.
Bayer and plaintiffs seek to delay glyphosate settlement hearing in US
The joint application moves the planned August hearing to September or later as legal proceedings continue.
Commerzbank and UniCredit to Begin Talks Over Future Direction
The discussions aim to determine the step-by-step strategy for the bank's next phase.
Intesa Sanpaolo triples staked Ether ETF position while cutting Bitcoin ETF shares
The Turin-based banking group increased its ETHB holdings amid shifts in crypto-linked assets.
Prudential shares fall on report of Chinese tax on offshore insurance returns
New tax levies on Hong Kong insurance policies trigger selloffs across the insurance sector
Philadelphia Fed President Anna Paulson maintains open mind on interest rates
Paulson noted the decision to hold rates was not a close call following a 9-3 FOMC vote.
Snap shares surge 13% following second-quarter results
The company reported revenue of $1.6 billion and a narrowed loss per share, exceeding analyst expectations.
Trump administration to impose 15% tariff on polysilicon
New trade restrictions targeting the material used in solar panel production
Trump administration processes $100 billion in tariff refunds
The tariffs follow a Supreme Court ruling that stripped presidential authority to impose tariffs under the IEEPA.
Block Inc. Executive Discusses Product Development Speed
An executive at the payments firm said it can now ship higher-quality products faster.
Turkish Airlines net profit falls to 18.8 billion lira in first half of 2026
While sales revenue rose by 43%, the airline's total debt increased to 620.3 billion lira.
German Bundestag petition against crypto tax plans succeeds
A successful petition challenges proposed flat-rate taxation on cryptocurrency profits.
Fed Governor Cook prepared to support rate hikes if inflation persists
The Federal Reserve official cited risks of entrenched price and wage-setting behavior
Galaxy Digital shares fall after second-quarter financial results
Revenue for the quarter missed analyst forecasts as the company reported an $85 million net loss.
Disney exploring ad-supported free tier for Disney Plus
CEO Josh D'Amaro says the move could target price-sensitive consumers and drive subscriber growth.
Germany's electric vehicle subsidy applications surpass 100,000
Low-to-middle income households account for nearly three-quarters of all subsidy requests.
Toy Story 5 drives $1 billion box office and boosts Disney’s streaming and merchandise sales
The film’s success fueled record consumer products revenue and increased viewership across the franchise on Disney+, contributing to broader financial gains in the quarter.
Uber issues lower bookings and earnings forecasts for third quarter
The ride-hailing company also announced plans to invest over $10 billion in autonomous vehicle technology.