European Central Bank raises interest rates as Iran war generates inflation pressures
Eurosystem staff revised up their baseline projection for inflation in 2026 and 2027
Worst Jan-Jun performance since 1970 sees €8.6 trillion wiped off US stock market
Whether increasing interest rates does more harm than good is an open question
Italy’s second richest man, eyewear king Leonardo Del Vecchio, passes away aged 87
After spending parts of his childhood in an orphanage, he built the world’s largest optical company from scratch
Russia in first foreign debt default since Lenin
Sanctions have made it impossible for the country to service its debt obligations
Rolls Royce surprise staff with announcement of £2,000 living cost bonus
More than 14,000 staff at the company will be given the one-off payment
Why were so many websites down on Tuesday morning?
The issue is with a widely used service called Cloudflare, one of the biggest content delivery networks in the world
Overburdened supply chain sinks Revlon
The company also produces Elizabeth Arden, Cutex, and perfumes fronted by Christina Aguilera and Britney Spears
EU Commission backs Ukraine and Moldova for candidate status
This is the first step in a lengthy process
EU agrees deal forcing Apple to introduce standard USB-C charging ports across all products
The new rules are expected to save consumers around €250 million every year
EasyJet in chaos with numerous cancellations
Malta has also been affected
Mercedes announces recall of almost one million cars over faulty brakes
The recall impacts vehicles built between 2004 and 2015
Collapse of online fashion retailer Missguided leaves customers and suppliers scrambling for answers
The company was bought by Sports Direct owner Fraser Group after its collapse
Blockchain to the rescue of … Parmigiano Reggiano?
The digital smart label will ensure the authenticity of the cheese
China’s economic stronghold, Shanghai, sees COVID restrictions eased after two months
Could this ease pressure on global shipping lines for key sectors?
EU finds compromise on Russian oil-ban: pipeline good, sealine bad
European leaders have been looking for a way to cut off financing for Putin’s war machine
‘Russia is using hunger and grain to wield power’ – European Commission
Russia’s war in Ukraine has led to a massive spike in the price of essential food items, such as wheat ...