Business

US authorities imposed a $1.2 billion penalty on Bank of America for anti-money laundering failures, including delayed reporting of over $5 billion in suspicious transactions.

Stellantis and Renault executives have urged that the UK be included in proposed EU ‘Made in Europe’ rules, warning that exclusion would harm the British car industry and that the UK must also address Chinese imports.

The 91st Paris Motor Show opens on 12 October, with electric vehicles and Chinese brands taking centre stage as traditional European carmakers face mounting pressures.

Workers at all former Ilva sites in Italy will strike on 12 October as Acciaierie d’Italia plans to shut down operations in Taranto, Genoa, and Novi Ligure, threatening over 2,000 jobs.

Mercedes-Benz global sales fell 6% in Q3 2026 to 491,700 vehicles, as record electric vehicle deliveries could not offset a 31% drop in China.

Shell expects its refineries to almost double profit per barrel of fuel, with margins reaching $42 in the third quarter amid soaring diesel prices and war-related refinery damage.

The cruise industry contributes €65 billion to the European economy and supports over 445,000 jobs, but faces criticism over environmental impact and overtourism. MSC Cruises CEO Gianni Onorato discusses efforts to address these challenges.

Hungary’s hospitality venues are disappearing faster than anywhere in the EU, squeezed by high costs, weak domestic demand, and a flood of low-quality tourist traps.

The Asian Infrastructure Investment Bank aims to double annual financing to €17.6 billion by 2030, focusing on climate resilience and cooperation.

Lidl’s plan to build a residential complex on Germany’s exclusive Sylt island has highlighted how private retailers are stepping into a housing crisis that local authorities have long struggled to resolve.