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The newest EUBizNews reporting on companies, markets, technology, investment and policy across Europe and Latin America.

EU Moves to Strengthen Banking Competitiveness by Removing Cross-Border Barriers
Policy

EU Moves to Strengthen Banking Competitiveness by Removing Cross-Border Barriers

The European Union is preparing a broad package of reforms aimed at making its banking sector more competitive by reducing regulatory fragmentation, encouraging cross-border consolidation and improving the efficiency of capital allocation across the bloc. The initiative is designed to help European lenders better compete with global rivals while supporting investment and economic growth.

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French Fashion Retailer Kiabi Enters Argentina with €17 Million Expansion Plan
Companies

French Fashion Retailer Kiabi Enters Argentina with €17 Million Expansion Plan

French fashion retailer Kiabi will enter the Argentine market through a franchise partnership that includes an investment of approximately €17 million over the next five years and the opening of up to 20 stores. The move marks the brand's return to Latin American expansion and reinforces growing European retail investment in the region.

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Spain Nominates Pablo Hernández de Cos for Historic Bid to Lead the European Central Bank
Policy

Spain Nominates Pablo Hernández de Cos for Historic Bid to Lead the European Central Bank

Spain has formally nominated Pablo Hernández de Cos, former governor of the Bank of Spain and current General Manager of the Bank for International Settlements (BIS), to become the next President of the European Central Bank (ECB). The move marks Madrid's first attempt to secure the institution's top position and reflects the country's ambition to strengthen its influence over eurozone monetary policy.

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Spanish Defence Firm GMS Plesium Partners with Roca Defence to Expand Across Latin America

Spanish Defence Firm GMS Plesium Partners with Roca Defence to Expand Across Latin America

Spanish defence technology company GMS Plesium has signed a strategic cooperation agreement with Roca Defence & Systems to accelerate its expansion into Latin America. The alliance aims to strengthen commercial operations, technical collaboration and defence capabilities across a region where demand for military modernisation and advanced support systems continues to grow.

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Poste Italiane Wins TIM Board Backing for €13.2 Billion Takeover Bid
Companies

Poste Italiane Wins TIM Board Backing for €13.2 Billion Takeover Bid

Telecom Italia (TIM) has formally endorsed Poste Italiane's €13.2 billion takeover proposal, clearing an important hurdle in what could become one of Europe's largest telecommunications transactions this year. The deal would strengthen Italy's push to build a nationally controlled digital infrastructure group spanning telecoms, cloud computing, financial services and digital identity.

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Eurozone Inflation Holds at 2.8%, Leaving ECB Under Pressure Over Next Rate Decision
Europe

Eurozone Inflation Holds at 2.8%, Leaving ECB Under Pressure Over Next Rate Decision

Inflation across the eurozone remained unchanged at 2.8% in June, reinforcing expectations that the European Central Bank (ECB) could slow the pace of monetary easing while continuing to monitor underlying price pressures. The latest figures highlight the delicate balance policymakers face between supporting economic growth and ensuring inflation returns sustainably to the 2% target.

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EU Bans Destruction of Unsold Clothing in Major Push Toward a Circular Fashion Economy
Policy

EU Bans Destruction of Unsold Clothing in Major Push Toward a Circular Fashion Economy

The European Union has introduced a landmark ban preventing large companies from destroying unsold clothing, footwear and accessories, marking a significant step in its strategy to reduce textile waste and promote a circular economy. The new rules are expected to reshape inventory management, retail operations and sustainability practices across Europe's fashion industry.

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EU-Mexico Trade Pact Set to Deepen Investment, Market Access and Business Cooperation
Policy

EU-Mexico Trade Pact Set to Deepen Investment, Market Access and Business Cooperation

The modernized trade agreement between the European Union and Mexico is expected to significantly strengthen economic ties by reducing tariffs, expanding access to public procurement markets and enhancing the protection of geographical indications (GIs). The updated framework is designed to boost bilateral trade, encourage investment and create new opportunities for businesses on both sides of the Atlantic.

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Burnham Signals Policy Shift with Plans to Revive North Sea Oil and Gas Development
Europe

Burnham Signals Policy Shift with Plans to Revive North Sea Oil and Gas Development

Incoming UK Prime Minister Andy Burnham is expected to unveil a new energy strategy that would reopen the door to oil and gas development in the North Sea, marking a significant departure from Labour’s previous commitment to halt new exploration licences. The proposed policy reflects growing political pressure to balance energy security, industrial competitiveness and climate goals.

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ECB Decision and PMI Data Set the Tone for Global Markets Next Week
Markets

ECB Decision and PMI Data Set the Tone for Global Markets Next Week

Investors will closely monitor next week’s preliminary business activity data from the eurozone, the United States and the United Kingdom, alongside the European Central Bank’s latest monetary policy meeting. The combination of PMI indicators, interest-rate guidance and persistent geopolitical uncertainty is expected to shape market expectations for economic growth and central bank policy during the second half of the year.

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Uber Moves to Acquire Delivery Hero’s Foodpanda Taiwan Business in €1.3 Billion Deal
Companies

Uber Moves to Acquire Delivery Hero’s Foodpanda Taiwan Business in €1.3 Billion Deal

German food delivery company Delivery Hero has approved Uber’s proposed acquisition of its Foodpanda Taiwan operations in a deal valued at approximately €1.3 billion, marking one of the largest transactions in Asia’s online food delivery sector. The agreement reflects the industry’s ongoing consolidation as platforms seek greater scale and profitability.

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Fourthline and Veridas Merge to Create Global Digital Identity and Compliance Platform
Companies

Fourthline and Veridas Merge to Create Global Digital Identity and Compliance Platform

European digital identity specialists Fourthline and Veridas have announced a merger aimed at creating one of the world’s largest independent identity verification and compliance providers. The new company will combine AI-powered biometric authentication, Know Your Customer (KYC) technologies and fraud prevention solutions to serve financial institutions, governments and regulated industries worldwide.

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ASML Raises Forecast as AI Boom Fuels Europe's Most Valuable Company
Companies

ASML Raises Forecast as AI Boom Fuels Europe's Most Valuable Company

Dutch semiconductor equipment manufacturer ASML has raised its 2026 revenue forecast after reporting stronger-than-expected quarterly results, reinforcing confidence that the global artificial intelligence boom continues to drive demand for advanced chips. The upgraded outlook strengthens ASML's position as Europe's most valuable listed company and highlights the continent's growing role in the AI supply chain.

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Madrid Aims to Become Europe’s Insurance Hub for Latin America with Backing from Zurich, AXA XL and Howden
Markets

Madrid Aims to Become Europe’s Insurance Hub for Latin America with Backing from Zurich, AXA XL and Howden

Madrid is positioning itself as a new international hub for insurance and reinsurance linked to Latin America. Supported by major industry players including Zurich, AXA XL, HDI Global, WTW and Howden, the Spanish capital aims to compete with London and Miami by leveraging its strong financial ecosystem, regulatory framework and deep business ties with the region.

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Axial Targets Latin America as It Seeks to Replicate Its European Energy Trading Success
Companies

Axial Targets Latin America as It Seeks to Replicate Its European Energy Trading Success

Spanish energy management company Axial is accelerating its expansion into Latin America after establishing itself as one of Europe's leading independent providers of energy market services. The company sees the region's rapidly evolving electricity markets and renewable energy boom as an opportunity to export its expertise in energy trading, portfolio optimization and risk management.

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European Central Bank Selects 36 Payment Providers to Advance the Digital Euro Project
Markets

European Central Bank Selects 36 Payment Providers to Advance the Digital Euro Project

The European Central Bank (ECB) has selected 36 payment service providers to participate in the pilot phase of the digital euro, marking a major milestone in the development of the European Union's future central bank digital currency. The year-long pilot will begin in the second half of 2027 and is intended to test the technical infrastructure, payment processes and user experience ahead of a potential launch in 2029.

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Carrefour Reshapes Its Global Footprint as Growth Shifts Toward Africa and Asia
Companies

Carrefour Reshapes Its Global Footprint as Growth Shifts Toward Africa and Asia

French retail giant Carrefour is redefining its international strategy by strengthening its presence in high-growth markets across Africa, the Middle East and Asia, while streamlining operations in parts of Europe and the Americas. The shift reflects broader changes in global retail as companies prioritize faster-growing consumer markets.

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Europe's Corporate Debt: Which Countries Rely Most on Borrowing?
Europe

Europe's Corporate Debt: Which Countries Rely Most on Borrowing?

Corporate debt levels vary sharply across Europe, reflecting differences in financial structures, economic models and access to capital markets. While countries such as Luxembourg, France and Sweden rank among those with the highest levels of corporate borrowing relative to GDP, other economies—including Romania, Lithuania and Bulgaria—maintain far lower corporate debt ratios. The figures highlight how financing strategies differ across the European Union and what they mean for competitiveness and investment.

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