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ChatGPT can now buy things for you after deal with payments giant Visa

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Economy

Anthropic pledges more than €170 million to study AI's impact on jobs

Business

2026 World Cup could earn Portugal up to €945 million

Business

SpaceX IPO could make thousands of employees millionaires

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Europe News

Trade and defence top of agenda at EU-South Korea summit

As security threats grow and geopolitics shift, the European Union and Republic of South Korea have celebrated a new Digital Trade Agreement at a summit in Brussels.

Business

German-led fighter jet consortium launches after FCAS collapse

An Airbus-led alliance of eight defence firms will launch Team Gen 6 in Berlin, a German-backed sixth-generation fighter jet project intended to replace the collapsed Franco-German-Spanish FCAS programme, AFP reports.

Partner content

Dubai is training its private sector in agentic AI – here's why

Partner content presented by Dubai Chambers

Dubai bets on agentic AI, aiming to overhaul half of public services and mobilise the private sector with training, incubators and investment funds.

Business

Buying a home in Spain now takes eight years of gross pay

House prices rose 20.5% in 2025, while wages edged up just 1%. The Balearic Islands and Madrid are where buying a home demands the greatest financial effort.

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Business

Germany: Growth halves as public sector drives investment

The energy shock is further slowing economic growth and fuelling prices. The DIW institute has halved its growth forecast. Fiscal expansion may soften inflation but cannot fully offset it.

Business

Nearly eight hours apart: Who works the longest weeks in Europe?

People in some European countries work nearly eight hours more a week than those in others, according to Eurostat. Experts point to collective bargaining, part-time work and economic structure as key drivers of the gap.

Business

Spaniards now spend half their salary on rent

An estate portal study shows the average wage share has risen 12 percentage points since 2019. Madrid and Catalonia, with 70% of pay, top the regional ranking.

Business

Airbus-led group proposes fighter jet alternative after FCAS collapse

The FCAS programme had been viewed as a flagship European defence project, aimed at strengthening military cooperation as Europe faces a more assertive Russia.

Economy

German industrial output rises for the first time this year

An uptick of 0.4% in Germany's April factory output and a rise in exports offer little cause for celebration as new orders collapse, energy prices soar and Europe's largest economy continues to struggle to find solid footing.

Europe in Motion

How much is EU trade with the US dropping?

Exports to the US dropped by nearly a third in the first three months of 2026, as the EU prepares to implement its side of a trade deal with Washington.

Business

ChatGPT maker OpenAI files for IPO as AI rivals race to go public

OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts.

Europe News

France and Germany abandon joint fighter jet project

The project was seen as a key test of European efforts to work more closely on defence as they seek to present a united front in the face of a hostile Russia at a time of souring ties with the United States.

Business

Le Havre: 38,000 pairs of fake trainers smashed to pieces

Seized in 2011 in containers from China, almost 38,000 pairs of fake trainers have been destroyed in Le Havre after years of legal wrangling, highlighting the scale of counterfeiting in France.

Tech News

Wizz Air announces Starlink wifi deal as other budget rivals hold back

The Hungarian budget carrier will roll out satellite internet across its fleet from 2027, as Ryanair and EasyJet continue to resist the technology over cost concerns.

Business

Intesa launches bid for MPS, would become Europe's No 2 bank

Within 24 hours of Banco BPM’s merger bid, Intesa Sanpaolo launches a full public offer for Monte dei Paschi di Siena. If approved, the deal would create Europe’s second-largest banking group.

Business

Iran war fuel shock wipes out half of airline profits in 2026

Revenues are forecast to rise strongly and passenger traffic to hit new records, yet the global airline industry is seeing profits squeezed by an Iran war-driven jet fuel price shock, according to the industry's latest outlook.

Markets

Can the market handle SpaceX, OpenAI and Anthropic all at once?

Three of the most valuable companies ever created are going public within months of each other. The combined value of SpaceX, OpenAI and Anthropic could reach $4 trillion (€3.44trn). Wall Street is excited but also nervous.

Europe News

Exclusive: Inside the EU’s struggle to police tariff circumvention

As the EU moves to strengthen its defences against cheap Chinese imports, some Chinese companies are openly advertising ways to bypass EU duties, from transhipment to minimal product transformation. Euronews looks into the methods circulating online.

Europe News

EPP chief warns of EU-China trade war

Countries like France are pushing for a tougher stance against Beijing, arguing that Chinese overproduction is straining an already struggling European economy.

Business

Google rents SpaceX/AI supercomputers for $920M a month

Google has signed a $30 billion deal to lease computing power from SpaceX, paying $920 million per month through June 2029. The move came after SpaceX acquired xAI in February 2026, gaining massive data centres. The deal precedes SpaceX’s highly anticipated IPO next week.

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Business

Pay transparency: Which EU countries are ready for the new rules?

Millions of Europeans still apply for jobs without knowing how much they pay. New EU rules aimed at boosting salary transparency and tackling the gender pay gap were due to take effect by 7 June, but most member states are set to miss the deadline.

Europe News

Trade commissioner pledges ‘new tool’ to diversify suppliers

The European Commission is preparing a new tool to curb the bloc's dependence on China, with Trade Chief Maroš Šefčovič saying on Friday that companies could be required to source from at least three different suppliers.

Azerbaijan

Smart pipelines: Can AI protect the world’s energy lifelines?

As ageing pipelines face growing risks, the energy industry is increasingly turning to AI and smart monitoring systems to improve their safety and efficiency.

Economy

Eurozone economy shrinks by 0.2% in the first quarter of 2026

The 21-member euro area has entered negative territory for the first time in over a year, with a dramatic Irish contraction masking more nuanced performances across the bloc's major economies.

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Business

Greece gets green light to repay €6.95bn of bailout loans early

Greece has been cleared to repay almost €7bn of bailout loans ahead of schedule, in a move European officials say will improve the country's debt position.

Tech News

Anthropic co-founder warns AI could soon slip beyond our control

Anthropic co-founder Jack Clark said AI agents might soon be able to build and train models themselves and, if that happens, humans could lose control over AI systems.

Business

Global steel crisis deepens as oversupply grows, OECD warns

The global steel industry is facing a growing crisis as subsidised production and excess capacity continue to distort markets, according to the OECD. It says state-backed steel production, particularly in China, is increasing pressure on producers in Europe and other OECD economies.

Business

Hong Kong wants to be a bridge between China and Central Asia

High-level Hong Kong delegation visited Kazakhstan and offered new partnership in several economy sectors including professional services for companies attempting to enter respective markets.

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Azerbaijan

US eyes stake in Azerbaijan pipelines after Trump-brokered peace deal

Washington wants in on Azerbaijan's pipelines and energy infrastructure, a senior US official said in Baku, as the two countries deepen economic ties following Trump's White House peace deal with Armenia.

Business

Remy Cointreau posts 35% profit drop, shares jump on recovery hopes

French drinks group Remy Cointreau reported a 35% drop in full-year net profit on Thursday as tariffs slammed sales in its key China and US markets. Despite this, shares soared more than 10% on Thursday morning.

Markets

AI giant Broadcom sheds $300bn as outlook misses sky-high expectations

The American chipmaker Broadcom reported a 48% revenue surge and AI semiconductor sales up 143%, but it disappointed investors by not raising its long-term sales target, sending shares tumbling more than 12% in after-hours trading.

Tech News

Amazon pledges €10bn for Europe with 25,000 jobs and warehouse robots

Amazon is making one of its biggest new bets on Europe, announcing more than €10 billion in investments to expand and modernise its warehouse and delivery network across the continent over the coming years.

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Business

SpaceX targets biggest IPO in history with $1.75tn valuation

The company said on Wednesday that it plans to list its shares at $135 each. The offering would value SpaceX at around $1.77tn (€1.56tn), making it one of the world's most valuable listed companies and potentially the largest IPO in history.

Business

Energy transport corridors to Europe boosted by new digital systems

AI and new digital technologies are key to the urgently needed alternative energy trade routes through the Southern Gas Corridor and the Middle Corridor systems connecting the Caspian and Europe.

Europe News

EU trade chief to meet China envoy amid heated trade tensions

Brussels is moving to crack down on Chinese overcapacity flooding the EU market, despite Beijing’s retaliation threats.

Business

France, Italy and Spain push to fix EU banking fragmentation

The call to create a voluntary cross-border framework for banks comes ahead of a major Commission report on sector competitiveness.

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Business

SOCAR, TotalEnergies and ADNOC lock in Caspian gas supply deal

Azerbaijan's SOCAR signed a long-term deal with TotalEnergies, ADNOC's investment arm XRG and Turkey's BOTAŞ to export gas from the Absheron offshore field from 2029, bolstering the Southern Gas Corridor that Europe has increasingly relied on in recent years.

Business

Up to 1.3 million EU jobs at risk due to war in the Middle East

The European Commission has raised the alarm over the economic impact of the conflict, warning that energy-intensive industries face the greatest risk of job losses.

Europe News

US tariff threats over forced labour 'unjustified', Commission says

The EU hit back at US threats of fresh tariffs over forced labour, saying its rules are among the most stringent in the world for banning imports and exports of goods linked to forced labour.

Business

Zara owner Inditex defies Iran war concerns with strong sales

Inditex delivered first-quarter results that exceeded analyst forecasts, with net sales climbing 5.8% to €8.7 billion and the company signalling an even stronger start to the second quarter. The firm's stock has surged over 5%.

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Tech News

Microsoft launches its own AI models to take on OpenAI and Anthropic

Seven in-house models unveiled at Build 2026 signal Microsoft's push to cut costs and compete directly on the AI frontier as its biggest investees plan to launch record-breaking IPOs.

Business

Canada wants US and Mexico free trade deal to be renewed for 16 years

“The Agreement is highly beneficial to each of our countries and to the integrated North American economy," a letter conveying Canada’s recommendation, sent to the US and Mexico trade representatives, said.

Business

Which European countries attract the most foreign investment?

Foreign investment is widely seen as a key driver of economic growth, innovation and job creation. But which countries are winning the race for international investors, and how is Europe's position changing in an increasingly competitive global market?

Business

EU Commission to criticise Italy for weak industrial strategy

The Commission will criticise Italy’s lack of robust industrial plans and calls for measures to incentivise investment in capital markets as well as reform of tax system, in country-specific recommendations to be published tomorrow.

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German-led fighter jet consortium launches after FCAS collapse

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