Euronews Business

Elon Musk has opened the door to merging Tesla and SpaceX into a $3.5 trillion (€3.1tn) giant, the latest step in years of folding his companies into one another, with a deal reportedly aimed at closing before US President Donald Trump leaves the White House.

British bank Barclays said on Thursday it would cut around 5,000 jobs, or roughly 5% of its global workforce, by the end of 2026 as it turns to AI and other technology to streamline operations and improve efficiency.

Meta Platforms said Wednesday that its third-quarter profit jumped more than threefold, as the social media giant's revenue climbed sharply, adding to confidence that the firm's AI spending is improving the business.

Tesla reported a decline in third-quarter profit, but generated more cash than analysts expected, leaving investors with a mixed picture as it explores a possible merger with Elon Musk's other big company, SpaceX.

Prime Minister Mark Carney said the Trump tariffs make both US and Canadian industries weaker and reduce choice for households in both countries.

Images of the riots in France, broadcast worldwide, are already slowing hotel bookings, and tourism professionals fear ongoing violence will further deter foreign visitors.

As EU lawmakers prepare to visit Beijing, the European Parliament's trade chief is calling for a broader agreement that could revive elements of a frozen investment pact and address unfair Chinese trade practices across multiple industries.

Ryanair boss Michael O’Leary predicts European airfares could rise by up to 20% in 2027 as higher fuel costs, taxes and reduced capacity put pressure on airlines.

Lufthansa expects about €450 million a year in synergies from buying up to 49.9% of TAP Air Portugal for €1.2 billion, but Portugal’s continued control, lengthy regulatory reviews and the slow progress of its ITA Airways deal suggest the gains could take years to arrive.

Netflix shares fell after its latest earnings failed to cheer investors as the streaming giant faces mounting competition and reportedly plans to cut around 1,000 jobs.

Elon Musk has signalled his support for a potential merger between SpaceX and Tesla, as SpaceX reported a sharp rise in revenue and its first quarterly profit since going public.

At the "Invest in Germany" summit in Berlin, the federal government, despite early negative headlines, secured a partnership with AI firm Nvidia and new investment from Amazon.

A power outage at a Google Cloud data centre in London caused serious network disruptions to its services Tuesday, the US tech giant said.

The digital bank’s app and services are no longer accessible to millions of users around the world as of this morning.

France's digital minister on Monday urged online resale platforms to remove listings for "stolen items" following Saturday's looting and summoned representatives of companies including Vinted and eBay for talks.

Political parties across Brittany are up in arms over the French government's failure to defend andouille de Guémené, a traditional sausage suspected of posing a cancer risk.

Germany’s bid to revive its struggling economy faces a fresh setback as a major pharmaceutical player raises concerns over the country’s business climate.

At least 3,000 French shops were hit over the weekend. Insurers say they are mobilised, but lost trade may not be covered. Here is who pays the riot bill.

Elon Musk says he will give one SpaceX share to every child in America next year, a pledge worth about $10.7bn (€9.5bn) at Friday’s closing price. He has yet to explain who would qualify or how the shares would be distributed.