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SpaceX obtains right to buy AI start-up Cursor for $60bn
Revolut aims for $200bn valuation in stock market listing
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European companies
April 21 2026
Deutsche Telekom AG
Deutsche Telekom examines merger with T-Mobile US
Combined company might seek a listing in the US and Europe
April 21 2026
Airlines
Lufthansa cuts 20,000 flights to save fuel as prices soar
Move comes as European transport ministers gather to discuss plans to prevent region running short of jet fuel
April 21 2026
European banks
Lex.
UniCredit treads fine line between activism and M&A
Italian bank’s cage-rattling is best understood as a way to break into the cage
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April 21 2026
Money laundering
Ex-Swedbank chief cleared of conviction in money-laundering scandal
Birgitte Bonnesen had faced 15-month prison sentence for ‘gross swindling’
April 21 2026
Revolut Ltd
Revolut aims for $200bn valuation in stock market listing
Bumper IPO would trigger increased stake for founder Nik Storonsky but group has no plans to float shares before 2028
April 21 2026
Telecoms
EQT and Omers offer to lift funding for broadband group Deutsche Glasfaser to €5bn
Plan follows failure by investors to find new backer to inject cash into debt-laden German provider
April 21 2026
European banks
‘Kiss of death’: how the US killed a Swiss merchant bank
MBaer survived years of scrutiny at home — before Washington stepped in to seal its fate
April 20 2026
European banks
Merz and Commerzbank attack Orcel’s ‘hostile tactics’ as takeover battle escalates
UniCredit chief says German lender risks becoming ‘increasingly unfit’ for rapidly changing banking market
April 20 2026
Gambling industry
William Hill owner in takeover talks with gaming operator Bally’s Intralot
Evoke is negotiating to sell itself after taking hit from UK tax rises on gambling
April 20 2026
Oil & Gas industry
Germany to begin privatisation of seized Gazprom division
Head of company now known as Sefe says capital increase could raise up to €2bn
April 20 2026
Risk Management: Financial Institutions
Transatlantic divide widens over investment approaches to ESG
In the US, political pressure has pushed sustainable investing further down the priority list
April 20 2026
Risk Management: Financial Institutions
Geopolitical shocks highlight the need for diversity in cloud providers
Some European banks are concerned about their dependence on a handful of US hyperscalers
April 20 2026
European Central Bank
ECB frontrunner Hernández de Cos is most qualified candidate for top job, economists say
Former Spanish central bank chief ranks first in poll of monetary policy experts in ‘tight race’ for Lagarde succession
April 19 2026
Electric vehicles
Foreign carmakers turn to Chinese technology to remain relevant
Western executives hope ‘in China for China’ strategy will halt sales decline in world’s largest car market
April 19 2026
UK infrastructure
Veolia chief driven ‘nuts’ by UK water utilities’ failure to use AI to detect leaks
England’s water companies are lagging behind other more water-stressed nations, says Estelle Brachlianoff
April 19 2026
Companies
From Moon buggies to new materials, Michelin reinvents its future
Company focuses on high-end products to keep manufacturing in France, but workers fear Chinese competition
April 19 2026
Luxury goods
Bogart’s Italian fedora maker seeks to get ahead in China
169-year-old luxury hat producer Borsalino plans to open its first store in Shanghai
April 19 2026
Financial services
France’s CB seeks to lead European fightback against Visa and Mastercard
Payments scheme pushes for ‘co-badging’ that allows French bank cards to run on both international and local networks
April 18 2026
Luxury goods
The Big Read.
Bandage dresses and sellout shoes: Big Luxury’s bid to reinvent itself
Many brands yanked up prices. Then millions of customers left
April 17 2026
Mergers & Acquisitions
Lex.
Intertek is going to be broken up: the question is by whom
A split should unlock value
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April 17 2026
The National Lottery
Richard Desmond loses £1.3bn lawsuit over National Lottery contract
Media tycoon’s Northern & Shell argued regulator had favoured Allwyn in award process
April 17 2026
European banks
Deutsche Bank alerts regulators to potential Russia sanctions lapses
German bank found it had accepted deposits of more than €100,000 from individuals subject to EU sanctions restrictions
April 17 2026
Alstom SA
Shares in world’s second-biggest train maker plunge on profit downgrade
Alstom cites slow progress on some projects and scraps free cash flow target
April 17 2026
Telecoms
French telecoms groups in advanced talks over €20bn deal for Drahi’s SFR
Operators enter exclusive negotiations over deal that would be a key test of regulators’ views on in-market consolidation
April 17 2026
Uber Technologies Inc
Uber expands its stake in Delivery Hero in €270mn deal
German delivery group’s largest shareholder Prosus has agreed to reduce its stake over EU competition concerns
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