Bulgaria joins the Eurozone, becoming the 21st member of the eurozone and closing a chapter that began nearly two decades ago when the country joined the European Union. The transition, which took effect on January 1, replaces the Bulgarian lev—a national currency in use since the late 19th century—with Europe’s common currency, marking one of … Read more
Ukrainian steel group Metinvest, owned by billionaire businessman Rinat Akhmetov, has received approval from the European Commission to acquire the Romanian pipe manufacturer ArcelorMittal Tubular Products Iași. The move marks another step in Metinvest’s long-term expansion across the European Union as the company continues to reshape its footprint following massive wartime losses in Ukraine’s industrial … Read more
After investing more than €3 billion, it is expected the first batteries from Volkswagen’s EV battery plant in Spain to roll off the production lines in 2026, marking one of the largest industrial investments in the country’s modern history. Three years ago, the German automaker pledged over €10 billion to transform Spain into a key … Read more
Revolut, one of the world’s fastest-growing fintech companies with over 65 million customers globally, has completed a new secondary share sale that values the company at $75 billion. The round attracted major investors including Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research, as well as well-known funds such as Andreessen Horowitz (a16z), Franklin Templeton, and … Read more
For the first time since establishing its modern bullion strategy, Russia has begun selling physical gold from its strategic reserves — a move that signals growing financial strain inside the country. According to information released through Interfax and the Central Bank of Russia, the state has shifted from internal accounting transactions to real, external gold … Read more
The global crypto market entered another turbulent stretch as the bitcoin price drop accelerated sharply on Friday, sending the world’s largest cryptocurrency below $86,000 for the first time since April. The downturn caps nearly a month of persistent weakness, with the market struggling to attract new buyers and the strong momentum from earlier in the … Read more
The EU debt crisis is becoming increasingly difficult to ignore as both deficits and debt levels continue to rise across the eurozone and the wider European Union. According to the latest preliminary data from Eurostat, the eurozone budget deficit remained at 2.7% of GDP in the second quarter of 2025, matching the level recorded in … Read more
Dubai-based airline Emirates announced on Monday a new order for 65 additional Boeing 777-9 aircraft, strengthening its role as the world’s biggest buyer of wide-body jets. The new order — revealed at the Dubai Airshow — brings Emirates’ total commitment to the 777X family to 270 aircraft. But the deal came with an important condition: … Read more
In mid-November, during a major corporate banking forum at the Warsaw Stock Exchange, CEO Tomasz Bardziłowski announced a milestone few believed possible just a decade ago: Poland’s economic growth has officially enabled the country to enter the world’s Top 20 largest economies. For a country that, in 1990, ranked only 38th globally and was still … Read more
When British entrepreneur Tom Grogan sold his majority stake in Wingstop UK for around £400 million ($532 million), many assumed he had secured the relaxing early retirement people fantasize about. But Grogan soon discovered that life after a major exit can feel surprisingly empty. After spending seven intense years building Wingstop UK—from cold-emailing the U.S. … Read more