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Image for Xpeng executive says EV maker will expand European production ahead of local content rules
Finance

Xpeng executive says EV maker will expand European production ahead of local content rules

LONDON, Oct 12 (Reuters) - Chinese EV maker Xpeng plans to expand its European production in order t...

12th October, 2026

Image for Italy exit from EU budget procedure at risk due to deficit increase, central bank warns
Finance

Italy exit from EU budget procedure at risk due to deficit increase, central bank warns

By Giuseppe Fonte ROME, Oct 12 (Reuters) - Italy's plan to run a budget deficit above 3% of GDP both...

12th October, 2026

Image for China gloom hits LVMH, dims hopes of luxury revival
Finance

China gloom hits LVMH, dims hopes of luxury revival

By Tassilo Hummel and Alessandro Parodi PARIS, Oct 12 (Reuters) - Luxury bellwether LVMH on Monday r...

12th October, 2026

Image for Germany's debt-to-GDP ratio expected to rise to 78.25% in 2030
Finance

Germany's debt-to-GDP ratio expected to rise to 78.25% in 2030

BERLIN, Oct 12 (Reuters) - Germany's debt is expected to rise to reach 78.25% of gross domestic prod...

12th October, 2026

Image for Europe still divided on buying locally for defence, MBDA CEO says
Finance

Europe still divided on buying locally for defence, MBDA CEO says

By Florence Loeve Oct 12 (Reuters) - The head of European missile maker MBDA said on Monday that eff...

12th October, 2026

Image for UK given access to safety-test latest AI models, minister says
Finance

UK given access to safety-test latest AI models, minister says

By William James LONDON, Oct 12 (Reuters) - Britain's AI Security Institute has been given access to...

12th October, 2026

Image for Frasers increases Burberry stake again as it expands luxury interests
Finance

Frasers increases Burberry stake again as it expands luxury interests

LONDON, Oct 12 (Reuters) - British retailer Frasers has further increased its stake in luxury brand...

12th October, 2026

Image for Germany's Merz vows electricity tax cut for all consumers to close 'credibility gap'
Finance

Germany's Merz vows electricity tax cut for all consumers to close 'credibility gap'

BERLIN, Oct 12 (Reuters) - German Chancellor Friedrich Merz vowed on Monday to lower an electricity...

12th October, 2026

Image for Global smartphone shipments record worst third quarter in 14 years amid memory shortage
Finance

Global smartphone shipments record worst third quarter in 14 years amid memory shortage

Oct 12 (Reuters) - Global smartphone shipments fell 20% on-year to their lowest third-quarter level...

12th October, 2026

Image for Europe set for another year of high gas prices as reserves hit lows
Finance

Europe set for another year of high gas prices as reserves hit lows

By Nora Buli OSLO, Oct 12 (Reuters) - European households and industries face at least another year...

12th October, 2026

Image for HSBC to phase out fixed-pay allowances from 2028
Finance

HSBC to phase out fixed-pay allowances from 2028

By Yantoultra Ngui HONG KONG, Oct 12 (Reuters) - HSBC will phase out fixed-pay allowances for staff...

12th October, 2026

Image for Microsoft plans huge deployment of its own AI chips, with an eye on saving costs 
Finance

Microsoft plans huge deployment of its own AI chips, with an eye on saving costs 

By Stephen Nellis and Max A. Cherney SAN FRANCISCO, Oct 12 (Reuters) - Microsoft announced the next...

12th October, 2026