ECB warns Iran war could push businesses to raise prices faster - WTF WIRE ECB warns Iran war could push businesses to raise prices faster, as rising energy costs risk fueling inflation across Europe.

ECB warns Iran war could push businesses to raise prices faster, as rising energy costs risk fueling inflation across Europe.

#WTFWire, #ECB, #EuropeInflation, #IranWar, #EnergyPrices, #EuropeanEconomy, #InflationRisk, #GlobalEconomy, #OilPrices, #BusinessCosts
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European Household Savings Decline to 8.7% Euro-area household savings dropped to 8.7% in Q4 2025, down 3.2pp YoY; ECB data show ~€160bn in household deposit outflows in Q4 2025, raising growth and liquidity questions.

European Household Savings Decline to 8.7%: Euro-area household savings dropped to 8.7% in Q4 2025, down 3.2pp YoY; ECB data show ~€160bn in household deposit outflows in Q4 2025, raising growth and liquidity… 👈 Read full analysis #EuropeanEconomy #HouseholdSavings #ECB #EuroArea #FinancialTrends

The Synchronised Collapse I write this to think through something that keeps arriving in different forms. The energy price. The American pivot. The argument on…

I just published the long version:
The Synchronised Collapse medium.com/p/the-synchr...
#EuropeanIndustry #EnergyPolicy #GeopoliticalRisk #StrategicAutonomy #EuropeanEconomy

The Synchronised Collapse The crisis isn’t the oil price. It’s that everything broke in the same quarter.

Check out my latest article:
The Synchronised Collapse www.linkedin.com/pulse/synchr... via @LinkedIn
#EuropeanIndustry #EnergyPolicy #GeopoliticalRisk #StrategicAutonomy #EuropeanEconomy

Verallia Announces 360 Job Cuts as European Glass Demand Falls Closures in Germany and France follow a 13% drop in glass container volumes and shifting alcohol consumption trends since 2019.

Verallia Announces 360 Job Cuts as European Glass Demand Falls #Verallia #JobCuts #GlassIndustry #EuropeanEconomy #Germany

How Europe can escape an economic impasse

Europe's Economic Stalemate: Can $EWU Escape?
Europe struggles to stay ahead amid geopolitical tensions & tech advancements
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This peer-reviewed volume explores fiscal policy, labour markets, sustainability, and economic governance across Europe.

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Germany continues to sink Germany’s new coalition government is facing growing doubts over its ability to revive Europe’s largest economy

Germany’s new coalition government is facing growing doubts over its ability to revive Europe’s largest economy Bne IntelliNews #Germany #Economy #CoalitionGovernment #EuropeanEconomy #EconomicGrowth

Why the prime minister of this European nation sees Amazon as a partner, not a problem Luxembourg Prime Minister Luc Frieden in Redmond, Wash., during his visit to the Seattle region this week. (GeekWire Photo / Todd Bishop) What can Seattle learn about Amazon from Luxembourg? At first...

Why the prime minister of this European nation sees Amazon as a partner, not a problem #Technology #Business #Other #AmazonPartnership #EuropeanEconomy #BusinessStrategy

By connecting #education, #industry & #culture, GCCI supports our mission to build a resilient, future-oriented #EuropeanEconomy - an #economy that thrives on #collaboration, #creativity & care for the planet.
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ASML's €1.3B Mistral AI Bet: Strategic Genius Or European Sovereign Gamble? Summary ASML invests €1.3 billion for an 11% stake in Mistral AI, gaining strategic influence and supporting European AI leadership. The Mistral AI investment aligns with ASML’s core strategy, focusing on integrating AI into R&D, production, and operational cycles for next-gen lithography. Choosing Mistral AI over larger players like OpenAI offers better value, strategic alignment, and supports European technological sovereignty amid rising US protectionism. Remain bullish on ASML as the Mistral AI investment enhances innovation, operational efficiency, and mitigates geopolitical risks, despite recent stock gains. Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More » ASML (NASDAQ:ASML) recently announced that it was investing in Mistral AI which I consider a key development for the European AI sphere. In my last report, I marked the stock the best More on my IG service If you want full access to all our reports, data and investing ideas, join The Aerospace Forum, the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform. Dhierin-Perkash Bechai is an aerospace, defense and airline analyst. Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more. Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

ASML's €1.3B Mistral AI Bet: Strategic Genius Or European Sovereign Gamble? #ASML #AI #MistralAI #TechnologyInvestment #EuropeanEconomy

Factbox-European companies cut jobs in response to slowing economy (Reuters) -Difficult economic conditions, exacerbated by U.S. President Donald Trump’s tariffs, and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the beginning of April: CAR AND CAR PARTS MAKERS * BOSCH - The German car parts maker will cut up to 1,100 jobs by 2029 as sales drop amid a rapidly worsening auto market, a senior company official said on July 22. * DAIMLER TRUCK: The truckmaker confirmed media reports on August 1 that it would cut 2,000 jobs across its plants in the U.S. and Mexico, in addition to the previously announced 5,000 job cuts in Germany. * STELLANTIS: The automaker expanded its voluntary redundancy scheme for Italy, bringing the total planned workforce reduction to almost 2,500 in 2025, the company said on June 10. * VOLKSWAGEN: The German carmaker’s CFO said on April 30 it had cut headcount in Germany by around 7,000 since starting cost savings in late 2023. *VOLVO: The Swedish truck maker’s spokesperson said in April it planned to lay off as many as 800 workers at three U.S. facilities over the next three months. * VOLVO CARS: The Swedish carmaker will cut 3,000 mostly white-collar jobs as part of a wider restructuring as it grapples with high costs, a slowdown in EV demand and uncertainty over trade tariffs, it said on May 26. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. On May 7, Volvo Cars said it would cut 5% of the workforce at its factory in South Carolina due to changing market conditions and evolving trade policies. BANKS * COMMERZBANK: The German bank said on May 14 it had agreed with the works council on terms to cut around 3,900 jobs by 2028, part of a strategy to help it deliver more ambitious profit targets. * HSBC: The lender plans to cut 348 jobs in France through a voluntary redundancy scheme, amounting to about 10% of its workforce in the country, it said on May 14. * LLOYDS: The British bank will consider the dismissal of around half of 3,000 staff who are judged to be in the bottom 5% to cut costs, a source familiar with the matter told Reuters on September 4. * UBS: Switzerland’s largest bank informed unions in Italy on April 1 of plans to cut 180 jobs in the country, around a third of its workforce there, documents reviewed by Reuters showed. ENERGY * OMV: The Austrian oil and gas company plans to cut 2,000 positions, or a twelfth of its global workforce, the Kurier newspaper reported on September 4. * UNIPER: The state-owned utility said on July 3 it will cut 400 jobs, or around 5%, of its staff in a challenging energy market environment. INDUSTRIALS AND ENGINEERING * STMICROELECTRONICS: The French-Italian chipmaker’s CEO said on June 4 he expected 5,000 staff to leave the company in the next three years, including 2,800 job cuts announced in 2025. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. * SYENSQO: The Belgian chemicals maker is speeding up restructuring measures, which include cutting around 200 jobs, due to demand uncertainty caused by global economic turmoil, it said on May 15. RETAIL AND CONSUMER GOODS * AUCHAN: The French supermarket group will cut 710 jobs and close 25 stores in Spain, it said on May 8. * BURBERRY: The British luxury brand will shed 1,700 jobs or around a fifth of its global workforce to cut costs to help revive its performance, it said on May 14. *JUST EAT TAKEAWAY: The food delivery company’s German unit Lieferando plans to cut 2,000 jobs from end-2025 to optimise the model of its delivery service, the company said on July 17. * LVMH: Financial Times reported on May 1, citing an internal video, that the luxury group’s wine and spirit unit Moet Hennessy would cut its workforce by about 1,200 employees. OTHERS * PROSIEBENSAT.1: The German media group will cut 430 full-time positions as part of its digital transformation, it said on May 7. ($1 = 0.8806 euros) Most investors will find it hard to answer that question with total confidence. Short of a guarantee, which no one can give you, the most successful traders stick to proven best practices without letting hype or hyper-vigilance take over their better judgment. But that doesn't mean you can't use smart shortcuts. If you're considering HSBA, try chatting with WarrenAI, our powerful AI financial assistant. It's just like ChatGPT for investors, but with access to 10 years of company data, a built-in screener, Wall Street analysts' reports, and earnings call transcripts for real-time, vetted insights. Even if you end up going with your gut feeling, at least you'll know why.

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RBC sees muted outlook for European retail amid weak spending trends Investing.com -- RBC Capital Markets said European retail faces a muted outlook as households cut back on spending, with weak sales momentum likely to offset favorable margin conditions. In a report dated Monday, the bank said its latest pricing survey for the UK apparel sector showed broadly stable pricing, with Marks & Spencer, Zalando and H&M becoming more competitive year over year. At the lower end, Shein gained ground against Primark, while online fast-fashion retailer PrettyLittleThing became more expensive. RBC noted, however, that these shifts in relative pricing are unlikely to counter the drag from consumer concerns about household cash flow, higher taxes and the cost of living. RBC said the gross margin outlook for apparel retailers remains favorable, citing a 5% year-on-year weakening of the U.S. dollar against the euro and the pound in the second quarter. The brokerage expects this currency trend, along with excess sourcing capacity and a favorable buying environment, to give companies room to either improve profitability or reinvest in their product ranges. Still, the brokerage emphasized that “the main challenge for the sector will be gaining top line momentum,” pointing to tougher comparisons following strong Autumn 2024 trading. Earnings expectations across leading European retailers have also been revised. RBC is maintaining forecasts for Inditex but sees only modest earnings growth, with EPS projected to rise 2% in 2025 and 7% in 2026. The brokerage cut its EPS outlook for H&M by 1% to 7% for 2025-26, noting that improvements in womenswear have not yet broadened to menswear and kidswear. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. JD Sports’ forecasts were raised by 3% to 5% for 2026-27, while Boohoo’s were reduced, and WH Smith’s 2026 profit before tax estimate was cut by 22%. Stock recommendations reflected this divergence. RBC rated Next, Marks & Spencer, JD Sports and Zalando “outperform,” while Inditex, Boohoo and Ocado were rated “underperform.” H&M was rated “sector perform,” with a price target of SEK145, while Inditex was given a €43 price target with the same rating. WH Smith’s target was lowered from £12 to 850p, while JD Sports’ target was lifted to 110p from 95p. Valuation multiples also reflected the weaker growth outlook. Inditex is trading at about 22.5x 2025 earnings with a 4% dividend yield, while H&M is at about 18.5x 2026 earnings with a 5% yield. RBC described Inditex’s valuation as “full” given its normalized growth trajectory, while it said H&M will need to improve sales momentum for a rerating. Should you invest $2,000 in NXT right now? First, check if it's included in one of this month's AI-powered stock strategies for ProPicks AI. Investing.com created these strategies to identify the most exciting trading opportunities currently in the market. The stocks that made the cut could produce monster returns in the coming years, like ViaSat and Sapiens, both up over 60%+ each in Q2 of 2025 alone. Is NXT one of them?

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America’s Stock-Market Dominance Is an Emergency for Europe - The Wall Street Journal America’s Stock-Market Dominance Is an Emergency for Europe  The Wall Street Journal

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European Q2 corporate profit outlook improves further By Javi West Larrañaga and Marleen Kaesebier (Reuters) -The outlook for European corporate health has considerably improved, the latest earnings forecasts showed on Tuesday, showing a continued rise after the extension of the U.S.-China tariff truce and the EU-U.S. trade deal. European companies are expected to report 4.8% growth in second-quarter earnings, on average, according to LSEG I/B/E/S data. That is above the 3.1% rise analysts had expected a week ago. Market sentiment has steadily improved in recent weeks, after the European Union struck a framework deal with the United States in July and the U.S. and China extended their tariff truce for another 90 days on Monday. Following U.S. President Donald Trump’s plans for tariffs on all countries in February, second-quarter earnings expectations of STOXX 600 companies had gone from a 9.1% year-on-year increase right before the announcement to a 0.7% fall before the signing of the U.S.-EU deal. They have considerably increased in the weeks since Brussels and Washington agreed on the 15% import tariff on most EU goods, half the threatened rate. The consensus forecast for second-quarter revenue has also continued to improve, the LSEG report showed, with analysts now expecting a 1.3% fall compared to a 2.0% drop last week. Out of ten sectors in the European benchmark index, four are expected to see a year-on-year improvement in quarterly earnings. The technology sector is expected to have the highest growth rate at 26%, followed by healthcare, financials and industrials. Earnings of Danish wind turbine maker Vestas later this week could show how European renewable companies are dealing with tariffs and the increased uncertainty in the United States. On Monday, wind farm developer Orsted (CSE:ORSTED) asked shareholders for $9.4 billion to cope with Trump’s hostility to wind power. Before you buy stock in VWS, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is VWS one of them?

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U.S.-EU trade deal seen reducing European growth by 0.5% - Capital Economics Investing.com - A trade deal with the U.S. has helped the European Union avoid the worst of a tariff war with the world’s largest economy, but it remains to be seen how long this truce will last for, according to analysts at Capital Economics. In a note, the analysts led by Jack Allen-Reynolds flagged that the average tariff rate on U.S. imports from the EU will now rise to around 17% from just 1.2% in 2024 -- an increase that they predicted will reduce growth in the bloc by around 0.5%. Washington and Brussels reached a landmark trade agreement on Sunday that includes a 15% tariff on EU goods entering the U.S. The tariff applies to a wide range of items, including semiconductors and pharmaceuticals. However, there are some exceptions, such as a 50% levy on steel and aluminum that will remain in place. The broad-strokes deal encompasses significant EU purchases of U.S. energy and military gear, along with substantial investments in the American economy. U.S. President Donald Trump said the European Union has committed to purchasing $750 billion worth of energy from the United States. He also stated that the EU has agreed to make $600 billion in investments in the U.S. "They are agreeing to open up their countries to trade at zero tariff," Trump told reporters. He added that the EU would "purchase a vast amount of military equipment" from the U.S. European Commission President Ursula von der Leyen confirmed the agreement would include 15% tariffs across the board, noting that this measure would help "rebalance" trade between the two major trading partners. Of the $3.3 trillion in goods imported by the U.S. last year, more than $600 billion came from the 27-member EU. The pact could help bring some calm to investors, who had been wary that both sides could fail to reach a deal before August 1, when Trump’s sweeping "reciprocal" tariffs are due to come into effect. The EU had been facing heightened levies of 30%, and had reportedly been pushing for a zero-for-zero agreement with the White House. "[F]or now the deal has avoided a much bigger and more damaging increase in U.S. tariffs, as well as EU retaliation. This will reduce uncertainty in the near term and has understandably been greeted positively by the markets this morning," the Capital Economics analysts said. European stocks have risen to a four-month high, while U.S. stock futures pointed higher on Monday. However, the fine details of the agreement have yet to be ironed out, the analysts flagged, adding that Trump could "still change his mind even after the deal has been finalized and signed." "So uncertainty is likely to remain high for the foreseeable future," they said.

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Trump tariffs threaten US economy as much as European one, says German Finance Minister By Maria Martinez BERLIN (Reuters) -U.S. President Donald Trump’s tariffs threaten the American economy at least as much the European one, German Finance Minister Lars Klingbeil said on Wednesday, calling for a "fair deal" with the Americans. "Trump’s tariffs have only losers," Klingbeil said. The 30% tariff on European goods threatened by Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model. "We are experiencing global trade conflicts, and we are firmly and jointly convinced that European sovereignty is all the more important in these times," Klingbeil said in Berlin, speaking to the press with his French counterpart, Eric Lombard. If a deal is not possible, decisive countermeasures are needed. "To sum up: Our hand remains extended, but we will not go along with everything, possible countermeasures must continue to be prepared," Klingbeil said. "On this, France and Germany are in complete agreement." With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

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European Q2 earnings beats expected, but beware of positioning gap - Barclays Investing.com - European companies are largely anticipated to deliver second-quarter earnings beats, but uncertainty around foreign exchange movements and tariffs means that full-year outlooks remain "in the balance," according to analysts at Barclays. In a note, the brokerage flagged that consensus earnings per share growth estimates for the three-month period were slashed after U.S. President Donald Trump revealed his elevated "reciprocal" tariffs in early April. Economists have warned that the levies could drive up inflationary pressures, particularly in the U.S., and weigh on broader growth. With these fears in mind, consensus expectations were cut to 0% in Europe and 5% in the U.S. -- the lowest in more than five quarters. Global growth, however, has managed to remain widely resilient during this time, leaving room for European firms to unveil better-than-anticipated returns on "well-managed expectations" and overcome headwinds from a recently stronger euro, the Barclays analysts led by Emmanuel Cau said. Yet the outlook for the coming months has been made murkier by Trump’s tariffs, with the levies’ impact on European corporate margins and guidance set to be closely monitored by analysts. Annual estimates seem "realistic" at the moment, "but still hang in the balance," the Barclays analysts said, adding that their research suggests that European per-share income will notch no growth this year -- down from a prior projection at the start of 2025 for an increase of 9%. They especially noted a "divide" in earnings momentum between outperforming domestic European companies and more export-oriented regional businesses that have been dented by fears over Trump’s tariffs, saying a positioning gap between the two cohorts has become "extreme." The risk of the trend reversing has been raised, they added. "With peak trade uncertainty potentially past, and tentative EUR/USD stabilisation, select opportunities may emerge among undervalued EU exporters," the strategists wrote. Athletic apparel group Adidas (ETR:ADSGN), telecoms name Ericsson (ST:ERICb) and shipping giant AP Moeller - Maersk (CSE:MAERSKb) were listed as some of those exporters. With ADSGN making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed ADSGN alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including ADSGN, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is ADSGN poised for similar growth? Don't miss the opportunity to find out.

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Ireland, Lithuania, and Spain compete for Eurogroup leadership, with Donohoe advocating for stability, Cuerpo pushing for growth, and Šadžius providing experience but possibly lacking wider support. The secret ballot adds to the uncertainty.

#Eurogroup #FinanceLeadership #EuropeanEconomy

ECB Strategy: Back to the Future Four critiques and a question

ECB Strategy: Back to the Future open.substack.com/pub/thinicem...
A close, critical look at the #ecb's updated #strategy. #Lagarde #thinicemacro #globalmacro #centralbanks #eurozone #europe #europeaneconomy #markets #euro

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Price levels in Europe differ greatly; Switzerland is 184% of the EU average, whereas Turkey is at 47%. Luxembourg, Denmark, and Ireland are pricey, while Eastern Europe offers lower costs, affected by economic conditions and purchasing power.

#CostOfLiving #PriceComparison #EuropeanEconomy

Trump tariffs deals major blow to European steelmakers, Salzgitter CEO warns DUESSELDORF/FRANKFURT (Reuters) -Salzgitter, Germany’s second-biggest steelmaker, on Monday warned that Washington’s tariff policy was dealing a severe blow to European industry, after the U.S. administration unveiled plans to double steel import levies to 50%. According to Germany’s steel association, the United States accounted for around a fifth, or 4 million tonnes, of European steel exports outside of the EU, making it the sector’s most important export market. "The erratic tariff policy of the USA is hitting Europe’s economy hard - especially Germany," Salzgitter (ETR:SZGG) CEO Gunnar Groebler said in a statement. Groebler said that apart from the direct tariffs on exports to the United States, there was also increased import pressure on the EU market as a result of rising volumes of cheaper Asian steel in Europe. Asian steel has been flooding the European market for years and the fear of that trend intensifying due to the U.S. tariffs has been the biggest headache for Europe’s sector, in addition to high energy prices. In response to those fears, the EU on April 1 tightened steel import quotas to reduce inflows by a further 15% as part of its so-called European Steel and Metals Action Plan. Shares in Salzgitter fell along with larger European peers Thyssenkrupp (ETR:TKAG) and ArcelorMittal (NYSE:MT), all down between 0.6 and 1.8%. Just 4.5% of Salzgitter’s sales come from its U.S. business, with its non-steel technology division accounting for half of that. Thyssenkrupp has previously said that the United States accounts for less than 5% of its steel exports. "An increase in steel import duties in the USA to 50% should prompt the EU Commission to accelerate its efforts to implement the measures under the Steel and Metals Action Plan," Groebler said. Should you invest $2,000 in TKAG right now? Before you buy stock in TKAG, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is TKAG one of them?

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💶 European Finance in Focus: Investment & Trade Challenges 💶

Europe is facing major financial shifts, from investment hurdles to trade tensions. Here’s what’s happening:

#FinanceNews #EuropeanEconomy #Investment #Trade #EUFinance

Why the EU needs women entrepreneurs to boost its #competitiveness [#Promotedcontent] By closing the #gendergap in entrepreneurship, the #Europeaneconomy could unlock billions in untapped revenue and regain its potential as a global leader. Discover how adopting entrepreneur-friendly policies for women can strengthen European #competitiveness and drive sustainable growth.

Why the EU needs women entrepreneurs to boost its #competitiveness [#Promotedcontent]: By closing the #gendergap in entrepreneurship, the #Europeaneconomy could unlock billions in untapped revenue and regain its potential as a global leader. Discover how adopting entrepreneur-friendly policies for…

Factbox-European companies cut jobs in response to slowing economy (Reuters) - Difficult economic conditions, exacerbated by U.S. President Donald Trump’s tariffs, and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the beginning of April: CAR AND CAR PARTS MAKERS * STELLANTIS: The automaker agreed with trade unions to implement up to 200 voluntary redundancies at its Termoli plant in central Italy, it said on May 8. The Fiom-Cgil union said on May 7 that Stellantis (NYSE:STLA) would also cut up to 500 jobs through voluntary exits at its Melfi assembly plant in southern Italy, which employs around 5,000 people. On April 3, Stellantis said it would temporarily lay off 900 workers at five U.S. facilities in response to the Trump administration’s tariff announcement. * VOLKSWAGEN: The German carmaker’s CFO said on April 30 it had cut headcount in Germany by around 7,000 since starting cost savings in late 2023. * VOLVO: The Swedish truck maker plans to lay off as many as 800 workers at three U.S. facilities over the next three months, a spokesperson said on April 18. * VOLVO CARS: The Swedish carmaker said on May 7 it would cut 5% of the workforce at its U.S. plant in Charleston, South Carolina due to changing market conditions and evolving trade policies, including tariffs. BANKS * COMMERZBANK: The German bank said on May 14 it had agreed with the works council on terms to cut around 3,900 jobs by 2028, part of a strategy to help it deliver more ambitious profit targets. * HSBC: The banking giant plans to cut 348 jobs in France through a voluntary redundancy scheme, amounting to about 10% of its workforce in the country, it said on May 14. * UBS: Switzerland’s largest bank informed unions in Italy on April 1 of plans to cut 180 jobs in the country, around a third of its workforce in the country, documents reviewed by Reuters showed. INDUSTRIALS AND ENGINEERING * STMICROELECTRONICS: The French-Italian chipmaker said on April 30 it would cut around 1,000 jobs in France, more than a third of the 2,800 layoffs planned in its cost-cutting program. * SYENSQO: The Belgian chemicals maker is speeding up restructuring measures, which include cutting around 200 jobs, due to demand uncertainty caused by global economic turmoil, it said on May 15. RETAIL AND CONSUMER GOODS * AUCHAN: The French supermarket group will cut 710 jobs and close 25 stores in Spain as it seeks to adapt to changing habits of shoppers, it said on May 8. * BURBERRY: The British luxury brand will shed 1,700 jobs or around a fifth of its global workforce to cut costs to help revive its performance, it said on May 14. * LVMH: Financial Times reported on May 1, citing an internal video, that the luxury group’s wine and spirit unit Moet Hennessy would cut its workforce by about 1,200 employees. OTHERS * PROSIEBENSAT.1: The German media group will cut 430 full-time positions as part if its digital transformation, it said on May 7. ($1 = 0.8806 euros)

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Slovak PM Fico Supports Potential Referendum on Lifting Russia Sanctions | AI News Brew <p>In a recent development, Slovak Prime Minister Robert Fico has expressed support for a potential referendum on lifting sanctions against Russia, should one be organized [1][2][3]. This stance comes...

Slovak PM Fico Supports Potential Referendum on Lifting Russia Sanctions
ainewsbrew.com/article/4234

#SlovakiaReferendum #RussiaSanctions #EUPolitics #Fico #UkraineConflict #ForeignPolicy #EuropeanEconomy