Business

Lancaster House is where the event took place. Credit: Pack-Shot, Shutterstock The UK hosted a major summit international on Wednesday, 25 June. Its goal was to increase private sector investment in order to stop biodiversity loss by 2030. Lancaster House is hosting a special event during London Climate Action WeekThe event brought together business leaders, representatives of environmental groups and …

Perplexity AI isn’t just another block in the tech stack — it’s the one reshaping the entire structure. Credit: Изображения пользователя Maximusnd Zahar via Canva.com Apple and Meta, two tech giants, are reportedly both watching the same AI startup named Perplexity. It is a search engine, a chatbot, a footnoted oracle – call it what you like. Silicon Valley has …

ASOS shopping. Credit: T. Schneider, Shutterstock ASOS, an online fashion retailer in the UK, is under fire after it barred some customers from returning too many items. This move, which was enforced in accordance with its fair-use policy, raised questions regarding consumer rights, inconsistent sizes, and the amount of power that retailers should hold over their customers. “We closed the …

Post Office, London. Credit: Alex Yeung, Shutterstock At least £600,000 (€710,000) in compensation owed to victims of the UK’s Post Office Horizon scandal remains unclaimed – yet officials have admitted they’re not chasing it up, fearing they might “harass” the wrongly convicted. New report criticizes the government for its handling of the payments, claiming that the progress is too slow …

Amazon in Milton Keynes. Credit: Stephen Dewhurst, Shutterstock Amazon has announced a massive £40 billion (€47.2 billion) According to reports, there will be a massive investment in the UK for the next three-year period, aiming at opening four new warehouses, and creating thousands more jobs throughout the country. The online retail giant has confirmed that two new fulfilment centers will …

Spanish red wine 12.5% volume. Credit: Brett Jordan, Pexels Spanish winemakers are warning of an export crisis after the UK’s new alcohol-based wine tax, introduced in February 2025, triggered a sharp 7.5 per cent drop in Spanish wine exports to Britain – their largest still wine market. According to Reuters Data cited by Spanish Wine Interprofessional Organisation, the value of …

Siemens in Madrid, Spain. Credit: Manuel Esteban, Shutterstock Siemens is opening a cutting edge data centre hub in Madrid in Spain as the country becomes a key player for Europe’s digital future. Siemens Smart Infrastructure announced plans to establish a new technology hub for data centres in Madrid. Support operations will be based in Aragon. The centre will be collaborating …

Credit: nonbirinonko via Canva.com from Pixabay. Credit: nonbirinonko via Canva.com. Pixabay. Athens suddenly has many rooftop bars and renovated ports. But a question remains, even with the economy recovering. What does Greece produce? But here’s the thing: You can’t build a thriving economy on flights and frappes alone. Tourism is seasonal. Shipping, which is volatile and global, is a major …

Unlock White House Watch for free This guide will help you understand what Trump’s second-term means for Washington, Washington business and the global economy. The commitment of Donald Trump to Nato shouldn’t worry allies, as long as they dramatically increase their defence expenditures, said the alliance’s Secretary-General at the start of a summit intended to placate the US President. Spain, …

This is an online version of the Europe Express newsletter. Subscribers can sign up. here Subscribe to the FT newsletter and receive it every Saturday morning, as well as on weekdays. Upgrade to Premium or browse all FT Newsletters Good morning. Can the EU truly claim to have a unified market? Our correspondents ask if Brussels is up to the …