Judge extends Paramount-Warner Bros. deal freeze to mid-August as antitrust lawsuits mount
A federal judge extended the temporary restraining order blocking Paramount's $110-111 billion acquisition of Warner Bros. Discovery for another 14 days, giving the company time to argue against a preliminary injunction sought by 12 states and the Writers Guild of America.
Varta creditors push for breakup, household battery unit to be spun off
A group of key creditors including Deutsche Bank plans to spin off Varta's household battery business, citing a mid-double-digit million euro liquidity gap and a lack of fresh investment.
Acea H1 net profit doubles to €454m on energy unit sale; guidance confirmed
Italian utility Acea posted a 101% jump in first-half net profit to €454 million, boosted by a €268.5 million gain from the sale of its energy retail unit, and confirmed full-year targets.
Tesla's robotaxi miles shrink 36% as Musk tempers ambitions; stock plunges 14%
Second-quarter paid robotaxi miles fell to roughly 700,000 from 1.1 million in Q1, while Tesla reported negative free cash flow of $1.1 billion and missed profit forecasts. Elon Musk warned that scaling Optimus robots will be 'the hardest product to scale manufacturing.'
Ford and Geely to produce five vehicles at Valencia plant under new joint venture
The joint venture, 66% owned by Ford, will begin producing Geely's EX5 electric SUV and four other models at the Almussafes plant in 2028, securing over 15,000 indirect jobs.
Intel posts 25% revenue jump, beats Q3 forecast; capex raised to $20bn on AI boom
The chipmaker reported its fastest revenue growth in 15 years and raised its capital spending forecast by $2 billion, driven by surging demand for data center CPUs from agentic AI applications.
ECB unveils finalist designs for new euro banknotes with da Vinci, Beethoven, Callas; public vote open until 21 September
The European Central Bank presented 10 finalist designs for the next series of euro banknotes on 23 July, launching a public consultation that runs until 21 September. The proposals feature cultural icons like Leonardo da Vinci and Maria Callas, or rivers and birds.
Peacock posts first-ever quarterly profit of $189 million on World Cup and Love Island USA boost
Comcast's streaming service Peacock reported a $189 million pre-tax profit for the April-June 2026 quarter, its first since launching in 2020, driven by FIFA World Cup coverage and the reality hit Love Island USA.
Alphabet posts $112bn profit as cloud surges 82%, but record cash burn and $205bn capex plan rattle investors
Google parent reports $119.8bn revenue and 82% cloud growth, yet lifts capex forecast to $205bn and posts first negative free cash flow in nearly two decades, sending shares down 5% after hours.
Ford switches from Google to Apple Maps for next-generation EVs, starting with $30,000 pickup in 2027
The automaker will embed Apple's navigation directly into its Universal Electric Vehicle platform, feeding road data to its BlueCruise hands-free driving system.
Ford takes 66% stake in Geely joint venture to build five models at Valencia plant from 2028
The US automaker will hold 66% of the venture, with Geely taking 34%, to produce two Ford SUVs, two Geely electric SUVs and a jointly developed crossover, all starting in 2028.
Impresa narrows loss as SIC swings to €2.3M profit; debt falls 18.6% in first half of 2026
Portuguese media group Impresa posted H1 revenue of €88M, with TV unit SIC reversing a year-ago loss, while group debt fell to €129.6M.
Nestle to raise €3 billion from water business spin-off into Peranel joint venture with Platinum Equity
The Swiss food giant will transfer brands like Perrier and San Pellegrino into a 50-50 venture with US investment firm Platinum Equity, valuing the new company at €4.9 billion.
Atresmedia revenue hits €520m in H1 2026 as audience lead over Mediaset widens to 2.4 points
The Spanish broadcaster reported a 2.6% revenue rise to €520 million, driven by production and events, while Antena 3 extended its audience dominance to nine consecutive semesters.
US judge temporarily blocks Paramount's $110bn Warner Bros acquisition after states' antitrust lawsuit
A federal judge in Oakland issued a 14-day restraining order, citing 'serious questions' about competition, while 12 states seek a longer injunction.
easyJet profits plunge 70% as Middle East war drives fuel costs higher, takeover battle continues
The British low-cost carrier reported pre-tax profit of £85 million for April–June, down from £286 million a year earlier, as fuel costs jumped £105 million and the Middle East conflict dampened bookings.
UniCredit beats profit forecasts, raises 2026 outlook, and signals Commerzbank control by year-end
UniCredit posted better-than-expected second-quarter earnings and raised its 2026 profit forecast, as CEO Andrea Orcel signalled the Italian bank is moving to take full control of Commerzbank by year-end.
Trump's Truth Social to charge up to $100,000 a month for early access to his posts
Trump Media & Technology Group will launch Truth API on August 1, giving paying traders a speed advantage on posts from the president and other top accounts, sparking ethics and conflict-of-interest criticism.
Ryanair profit drops 34% as Iran war doubles jet fuel costs, summer fares to fall
Europe's largest airline reported a 34% drop in after-tax profit to €538 million for the April-June quarter, missing analyst forecasts, as the Iran conflict sent unhedged jet fuel costs soaring and forced a 6% fare cut.
Airbus and Boeing rack up orders at Farnborough as Airbus targets 2030 for next-generation jet
Airbus says first-half deliveries rose 15%, keeping it on track for 870 aircraft this year, while both planemakers secured large commitments from lessor SMBC Aviation Capital at the Farnborough International Airshow.
Italo orders 26 Siemens Velaro trains in €3bn deal to launch German high-speed rail service by mid-2028
Italian rail operator Italo Holding has signed a €3 billion contract with Siemens Mobility for 26 high-speed Velaro trains, with an option for 14 more, as it prepares to challenge Deutsche Bahn on Germany’s main long-distance corridors from mid-2028. The total investment package reaches €3.6 billion, including 2,500 new jobs.
EU to review airline ownership rules as Apollo's £5.7bn easyJet bid hangs in balance
Brussels plans an autumn review of foreign control rules, sending easyJet shares down as much as 15% and casting doubt on the US private equity bids.
Samsung unveils Galaxy Z Fold8, Z Fold8 Ultra, and Z Flip8 with Gemini AI and new form factors
At Unpacked London, Samsung announced three foldable phones with Google Gemini Intelligence, a redesigned Z Fold8, and preorder deals up to $350.
SpaceX Starship abort triggers $100 billion share slide; next launch attempt Monday
Four of 33 engines failed to ignite, triggering an automatic abort seconds before liftoff from Texas. SpaceX will replace two engines and target Monday for the 13th test flight.
Microsoft signs multibillion-dollar deal with France's Mistral to expand AI infrastructure in Europe
The US tech giant will use Mistral's data centres in France, while the French startup's models gain distribution through Azure, Foundry, and Copilot Studio.
Uber bids $14.8 billion for Delivery Hero to create largest food-delivery group outside China
The cash offer of €41.50 per share values the German company at nearly €13 billion and would nearly double Uber's global footprint to 99 markets.
EU orders Google to open Android to rival AI assistants and share search data
Binding decisions under the Digital Markets Act require Google to give rival AI services equal access to Android features by July 2027 and to share anonymised search data from January 2027.
Indra first-half profit edges up 2% as defense revenue doubles, order backlog surpasses €20 billion
The Spanish technology and defense group posted net profit of €219 million on revenue of €3.18 billion, with its defense division doubling sales and the order book swelling to €20.5 billion.
Netflix Q2 earnings in line but soft Q3 outlook sinks shares 9% as growth fears deepen
The streaming giant posted second-quarter revenue of $12.56 billion and earnings per share of 80 cents, roughly meeting expectations, but its third-quarter revenue outlook of $12.86 billion trailed analyst forecasts, triggering a sharp after-hours selloff.
Apple briefly overtakes Nvidia as world's most valuable company amid AI sentiment shift
Apple's market value edged past Nvidia's on Friday, reaching $4.88 trillion, as investors reassess AI spending and reward the iPhone maker's lower capital expenditure approach.