UniCredit’s Orcel could still sweeten his bid and take on a double M&A offensive

Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023.  Bloomberg | Bloomberg | Getty Images Divided between two takeover courtships, UniCredit‘s Andrea Orcel still has room to sweeten his bid for Italy’s Banco BPM, analysts say, while political turmoil stalls a deal with Germany’s Commerzbank.  Once a key architect […]

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Shell, Equinor to create UK’s largest independent oil and gas company

The Equinor ASA offshore oil drilling platform on Johan Sverdrup oil field in the North Sea off the coast of Norway, on Monday, Feb. 13, 2023. Bloomberg | Bloomberg | Getty Images Oil major Shell and Norway’s Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly

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Britain to reach peak gasoline this year in landmark moment for EVs

The battery of an electric car is recharged at a roadside charging station on January 09, 2024 in London, England. Leon Neal | Getty Images News | Getty Images Britain is forecast to hit “peak petrol” in 2024, according to a new report, with electric vehicles (EVs) on track to assume a much bigger share

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JetBlue cuts more unprofitable routes, tweaks Europe flights

Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands.  Nicholas Economou | Nurphoto | Getty Images JetBlue Airways told staff Wednesday that it is axing more unprofitable flights, redeploying

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What next for stocks after South Korea lifts martial law declaration

A visitor looks at screens at the Korea Exchange (KRX) headquarters in Seoul, South Korea, on Wednesday, Dec. 4, 2024. Bloomberg | Bloomberg | Getty Images An extraordinary political drama in South Korea is likely to compound an already gloomy outlook for Asia’s fourth-largest economy, analysts say, although some see reason to be more upbeat

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Bank of England’s Bailey signals four interest rate cuts in 2025 if inflation cools

Andrew Bailey, governor of the Bank of England, at the central bank’s headquarters in the City of London, U.K., on Nov. 29, 2024.  Hollie Adams | Bloomberg | Getty Images Bank of England Governor Andrew Bailey on Wednesday signaled that the U.K. could be on track for four interest rate cuts over the next year,

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Can the UK compete with America as a global crypto hub?

A visual representation of the digital Cryptocurrency, Bitcoin, displayed on December 23, 2017 in Paris, France. Chesnot | Getty Images LONDON — Britain is making a fresh pitch to become a global crypto hub, but faces a tough road ahead amid criticism from local entrepreneurs and U.S. competition under President-elect Donald Trump. Britain’s Labour government has

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France’s political chaos casts long shadow over economic growth

A pedestrian crosses a flooded street following heavy rainfall in Paris on October 17, 2024. Joel Saget | Afp | Getty Images French lawmakers will hold a no-confidence vote in the fragile minority government of Prime Minister Michel Barnier on Wednesday, as economists warn the political stalemate likely to ensue will come at a high

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Microsoft overcharging rival cloud firms’ customers, UK lawsuit says

UKRAINE – 2022/01/07: In this photo illustration a Microsoft Azure logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images LONDON — Microsoft on Tuesday was accused of unfairly overcharging customers of rival cloud companies in a lawsuit claiming damages of more than £1

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Jaguar reveals ‘Type 00’ concept car, first in controversial rebrand

Image of Jaguar Type 00 concept vehicle Jaguar Famed British carmaker Jaguar revealed its new vehicle design direction Monday night with the introduction of an all-electric concept car called “Type 00.” The vehicle, pronounced “Type Zero Zero,” features a minimalistic yet somewhat gaudy design. It is boxy with sleek lights and large wheels, a notably

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