Automotive

Renault tries to lure investment for new electric car unit

French automaker Renault on Wednesday held an investors day for its new electric vehicle subsidiary Ampere, hoping to win over investment with slashed costs and an electric car costing less than 20,000 euros ($21,600).

Business

Ryanair rewards shareholders after profit soars

Irish no-frills airline Ryanair on Monday announced the start of regular dividends to shareholders after net profit surged 72 percent in its first half on higher fares and record traffic.

Business

Telecom Italia approves US fund's bid for network

Telecom Italia on Sunday approved an offer by US investment fund KKR for its fixed-line network, infuriating its main shareholder which vowed to contest the "illegal" decision.

Automotive

Ferrari shifts up targets after 'record quarter'

Italian luxury carmaker Ferrari raised its financial targets for the year Thursday to eye sales of 5.9 billion euros ($6.3 billion) after another "record quarter".

Business

ECB greenlights next stage of digital euro project

The European Central Bank moved closer to creating a "digital euro" Wednesday by greenlighting the next stage in the project, even as questions persist about the potential benefits and risks.

Business

ASML stock tanks after posting drop in sales, orders

Shares in ASML plunged Wednesday after the Dutch tech giant posted a decline in third-quarter sales and orders, as the semiconductor industry battles headwinds from a trade spat between the West and China.

Energy & Green Tech

EU countries vote to weaken next car emissions norm

EU member countries on Monday adopted a watered-down deal on curbing car emissions, after auto manufacturers complained stricter measures could undermine electric vehicle investments.

Business

Dominance, data, disinformation: Europe's fight with Big Tech

Irish regulators on Friday handed out a 345-million-euro ($369-million) fine to TikTok over data breaches, part of a battle between the European Union and big tech firms on issues from tax avoidance and hate speech to data ...

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