Erste Group Posts Strong Half-Year Profit After Santander Poland Takeover Erste Group posts strong half-year profit after buying Santander Bank Polska; raises targets despite integration costs and keeps loan quality …
Business
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Business
Deutsche Bahn posts first half-year profit since 2019 at €147 million
by Leo Müllerby Leo MüllerDeutsche Bahn posts €147m H1 2026 profit, first positive result since 2019 Deutsche Bahn reports a €147 million after-tax H1 2026 profit — its first since 2019; revenue rose to …
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Business
Germany heat wave kills 7,900 as Cologne launches citywide cooling measures
by Leo Müllerby Leo MüllerCologne heatwave tests hospitals and economy as city rolls out cooling measures Cologne heatwave drives urgent city responses after Germany records thousands of heat-related deaths this year, straining hospitals and …
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Business
BMW announces 8,000 job cuts after profit plunges on China sales slump
by Leo Müllerby Leo MüllerBMW profit decline deepens as Q2 net income falls 35% and China sales collapse BMW profit decline hits Q2 results: net income down 35% as China sales slump. Company unveils …
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Business
German startups surge but face €30 billion annual investment gap
by Leo Müllerby Leo MüllerGerman start-ups show momentum but lack the capital to scale into global tech leaders German start-ups are building strength in AI, robotics and hardware, but analysts warn of a roughly …
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Business
BMW reports 35 percent profit slump as finance arm outperforms car division
by Leo Müllerby Leo MüllerBMW profit plunges 35% as car unit lags while finance arm outperforms BMW profit falls 35% in Q2 to €1.2bn; automotive operating income collapses as finance services deliver higher returns …
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Business
Fed under Kevin Warsh weighs surprise rate hike that could jolt markets
by Leo Müllerby Leo MüllerCitadel warning increases chance of a Fed rate hike at today’s meeting under Kevin Warsh Citadel warns markets a surprise Fed rate hike could come under chair Kevin Warsh, fueling …
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Business
Meta reports profit decline, warns of slowdown amid heavy AI spending
by Leo Müllerby Leo MüllerMeta Q2 results: revenue growth slows and net income falls as AI spending and legal costs bite Meta Q2 results show revenue growth slowing to 28% while net income fell …
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Business
Federal Reserve holds interest rate at 3.5–3.75% amid persistent inflation
by Leo Müllerby Leo MüllerFederal Reserve Holds Interest Rate at 3.5–3.75% as Three Officials Push for Hike Federal Reserve holds interest rate at 3.5–3.75% after a 9-3 vote to pause; markets now expect a …
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Business
Airbus beats expectations with strong first-half results and record Q2 deliveries
by Leo Müllerby Leo MüllerAirbus deliveries drive H1 outperformance as production targets are adjusted Airbus deliveries drive H1 outperformance: 351 jets delivered, revenue up 12% and profits jump as production targets are adjusted amid …