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Austria’s ECON opens Brazilian subsidiary to make South America its next growth market
Companies

Austria’s ECON opens Brazilian subsidiary to make South America its next growth market

The Upper Austrian manufacturer of plastics pelletizing systems has launched ECON Brasil in Santa Catarina, combining sales, technical service, assembly and logistics. The expansion follows a year in which the export-driven company generated more than €34 million in revenue and strengthens a global network that already includes the United States, China and India.

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Gold falls toward two-week low as oil shock revives expectations of a Fed rate hike
Markets

Gold falls toward two-week low as oil shock revives expectations of a Fed rate hike

Spot gold declined to approximately €3,824 per ounce after renewed military exchanges between the United States and Iran pushed oil prices and bond yields higher. Although geopolitical tension normally supports safe-haven demand, investors focused on the inflationary impact of more expensive energy and the growing probability of another US interest-rate increase.

EU places ChatGPT, Reddit and Roblox under its strictest digital oversight
Policy

EU places ChatGPT, Reddit and Roblox under its strictest digital oversight

The three services exceeded the threshold of 45 million monthly users in the European Union, triggering additional obligations under the Digital Services Act. ChatGPT will be regulated as a very large online search engine, while Reddit and Roblox have been classified as very large online platforms.

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EU digital identity wallet approaches 2026 deadline as uneven rollout tests the single market
Policy

EU digital identity wallet approaches 2026 deadline as uneven rollout tests the single market

Every European Union member state must make at least one government-recognised digital identity wallet available by the end of 2026. Banks, financial services, utilities, telecommunications companies and other regulated providers will subsequently face acceptance obligations, but differences in national readiness, unfinished certification work and privacy concerns point towards a gradual rather than simultaneous European launch.

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Mango expands in Poland with first Zielona Góra store as NEPI Rockcastle relationship deepens
Companies

Mango expands in Poland with first Zielona Góra store as NEPI Rockcastle relationship deepens

The new location at Focus Mall covers more than 500 square metres and represents Mango’s first store in Zielona Góra and the wider Lubusz region. It is the fourth Mango opening at a Polish shopping centre owned by NEPI Rockcastle in 2026, consolidating a relationship that is helping the Spanish fashion group extend its reach beyond the country’s largest metropolitan markets.

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Boliden agrees €1.12 billion deal for control of Nexa in major Latin American expansion
Companies

Boliden agrees €1.12 billion deal for control of Nexa in major Latin American expansion

The Swedish metals group will acquire Votorantim’s 64.68% stake in Nexa Resources through a share exchange that values the entire company at approximately €1.74 billion. Boliden will subsequently offer cash for the remaining publicly traded shares, but the transaction still requires shareholder and regulatory approvals before its expected closing in early 2027.

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Chile emerges as a Latin American hub for European SMEs in critical minerals and infrastructure
Latin America

Chile emerges as a Latin American hub for European SMEs in critical minerals and infrastructure

Italy exported nearly €1.3 billion in goods to Chile in 2025 and is already the country’s sixth-largest foreign investor, yet it represents only around 2% of the Chilean import market. New EU trade rules, a pro-investment reform agenda and major projects in mining, energy, transport and industrial technology are creating a broader entry point for European SMEs.

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Mota-Engil profit rises 24% as Africa and Latin America lift backlog to record €17.7 billion
Companies

Mota-Engil profit rises 24% as Africa and Latin America lift backlog to record €17.7 billion

The Portuguese infrastructure group generated €74 million in attributable profit during the first half of 2026, supported by higher activity and margins in Africa and Latin America. Revenue reached €2.90 billion and EBITDA climbed to €487 million, although weaker European operations, rising debt and lower operating cash flow remain important challenges.

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SKY Airline and Abra Group advance share swap while preserving the Chilean carrier’s autonomy
Companies

SKY Airline and Abra Group advance share swap while preserving the Chilean carrier’s autonomy

SKY’s shareholders will receive an ownership interest in Abra, the parent company of Avianca and GOL, while the airline will be transferred to a newly created independent company. The transaction strengthens Abra’s presence in Chile and Peru, although it will only become effective after closing and does not introduce immediate changes for passengers or employees.

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Volkswagen faces showdown over restructuring that could affect up to 100,000 jobs
Companies

Volkswagen faces showdown over restructuring that could affect up to 100,000 jobs

The German automotive group has already agreed to eliminate around 50,000 positions by 2030 and says its remaining cost disadvantage is equivalent to another 50,000 roles worldwide. Management insists the additional figure is not a fixed target, but the prospect of deeper cuts and possible factory closures has intensified tensions with workers and political stakeholders.

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