Heineken to cut up to 6,000 jobs over next two years

Dutch brewing giant Heineken has announced plans to eliminate between 5,000 and 6,000 jobs over the next two years as part of a large-scale cost-cutting and productivity drive. The company said the decision comes amid challenging market conditions and declining beer sales. In a statement, Heineken said......

European banking alliance urges urgent alternatives to Visa and Mastercard

Europe must urgently reduce its reliance on US payment giants Visa and Mastercard, the head of the European Payments Initiative has warned, as officials grow increasingly concerned that American-controlled financial infrastructure could be used as leverage amid worsening transatlantic relations. Martina......

Global economies and their leading companies

A closer look at the world’s largest economies reveals a fascinating paradox: the biggest countries by GDP do not always host the largest companies by market value. In some cases, a single corporation can rival or even surpass the economic output of entire nations. For instance, the United States,......

German chancellor Merz tours Gulf to diversify from US LNG dependence

Europe's reliance on liquefied natural gas from the United States and Russia surged to nearly 80 percent in January 2026, per Kpler analytics data, alarming European officials over the bloc's failure to diversify suppliers despite years of post-Ukraine invasion efforts. The United States accounted......

European stocks steady ahead of ECB and Bank of England rate decisions

European stock markets held steady Thursday as investors digested mixed corporate earnings and braced for policy decisions from two major central banks later in the day. The pan-European STOXX 600 hovered around 618 points early in the session, near the record from the previous close. Germany's......

German train conductor dies after assault by ticketless passenger

A 36-year-old train conductor has died in Germany after being violently assaulted by a passenger traveling without a valid ticket, the national railway operator Deutsche Bahn confirmed on Wednesday. The incident occurred earlier in the week near the town of Landstuhl, in western Germany, when the conductor......

China leads world's largest foreign currency reserve holders

China holds the top position among nations with the largest foreign exchange reserves, according to recent data from global financial rankings. The country boasts reserves exceeding $3 trillion, a figure that significantly outpaces its closest competitors and underscores its economic dominance on the......

European stocks set for longest monthly winning streak since 2021

European stocks climbed on Friday, capping off their strongest January rally in years as robust earnings from Adidas and Swatch bolstered investor confidence amid lingering concerns over geopolitical tensions and U.S. trade policies. The pan-European STOXX 600 index rose in early trading and headed......

Adidas launches $1.2 billion share buyback after record 2025 sales

Adidas, the German sportswear giant, has unveiled plans to repurchase up to 1 billion euros ($1.2 billion) of its own shares in 2026. This move follows a stellar close to 2025, marked by record annual revenues. The program, set to kick off in early February, will draw from anticipated cash flows and......

Siemens tops German market value after SAP's sharp decline

Siemens AG has overtaken SAP SE to become Germany's most valuable listed company, following a steep sell-off in the software giant's shares triggered by investor disappointment over its 2026 cloud outlook. SAP's stock plunged as much as 17 percent in session trading, trimming its market capitalization......

German economy posts modest 0.3% growth in final quarter of 2025

Germany’s economy grew by 0.3% in the fourth quarter of 2025 compared with the previous quarter, according to the federal statistics office Destatis. The increase was slightly above market expectations, which had forecast 0.2% growth. The quarterly expansion was driven primarily by higher household......

European stocks rebound as record gold prices boost mining sector

European stock markets climbed Thursday, fueled by soaring precious metals prices that propelled mining shares higher, even as technology stocks faced headwinds from disappointing results at SAP. London's FTSE 100 rose 0.6% to 10,217.40 points by midday, while the pan-European STOXX 600 gained 0.4%......

German chancellor Merz says weak dollar burdens exports

Chancellor Friedrich Merz expressed concern Wednesday over the weakening US dollar, calling it a "considerable additional burden for German exporting industry." He urged Washington to honor its trade commitments with the European Union. "We will have to assert ourselves globally against......

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