Europe

The German road traffic agency KBA reported on Monday that Tesla's German sales volume fell by 9.4% during September. However, overall sales of electric battery vehicles increased by 31.9%. In September, registrations of Tesla vehicles in Europe rose due to the updated Model Y. The U.S. electric car maker is still under pressure due to a growing number of competitors, political criticism against Elon Musk's CEO and an aging lineup. KBA reported that Tesla sold 3,404 vehicles in Germany in September. Tesla's sales in the period January-September dropped by 50.3%, to 14,845 vehicles, compared with last year. KBA said that...

Oslo Airport in Norway temporarily halted landings on early Monday morning after receiving a report about a drone near the airport. "One or two aircraft waited until the situation could be clarified." Avinor's spokesperson confirmed that no aircraft had left for alternate airports. Norwegian news agency quoted police as saying that they received a report at midnight from a Norwegian Air Pilot who thought he had seen three to five drones while approaching the airport. Avinor confirmed that there have been no more disruptions in air traffic. NTB reported citing the police that this observation was unverified. In recent weeks,...

Munich Airport said Saturday that it would gradually resume flights at 7 am (0500 GMT), and delays were expected throughout the day. This comes after the airport had closed both runways for the second time within 24 hours because of a drone sighting. After the closure on Friday evening, the airport asked travellers to contact their airline as it prepared for a restart two hours later than initially scheduled. Authorities said that dozens of flights were diverted or canceled, leaving 6,500 passengers stranded. In recent weeks, drone sightings have repeatedly thrown European aviation into chaos. Some authorities blamed Russia for...

Financial Times, citing an alleged plan, reported that Field Marshal Asim Muniz's advisers had approached U.S. officials to offer to build and operate a port in the Arabian Sea. According to the Financial Times, the plan involves American investors building and running a terminal in Pasni to access Pakistan's vital minerals. Pasni lies in Gwadar District, in the province Balochistan which borders Afghanistan, Iran and Pakistan. Munir and Pakistan's prime minister Shehbaz Shariff met with Donald Trump, the U.S. president, at the White House back in September. Sharif requested investment in the U.S. mining, energy, agriculture and technology sectors during...

The EU's top prosecution officer said that Europe loses an estimated 50 billion euro ($58 billion) per year due to tax and customs scams, which have become the most lucrative criminal activities within the EU. More needs to be accomplished to combat the gangs involved, he added. Laura Codruta Kovesi spoke on Thursday in Piraeus Port, Athens. The European Public Prosecutor's Office is conducting a major investigation. "We want send a clear message to the criminals who are behind this massive fraud: the rules have changed. No more safe havens!" Kovesi spoke to reporters in Piraeus. "We must fight back."...

According to three sources of trading, Russia increased oil exports through its western ports in September by 25% compared to August. This was due to refinery shutdowns caused by Ukrainian drone strikes. Sources said that September exports via western ports Primorsk Ust-Luga, and Novorossiisk increased to 2.5 million barrels a day (bpd). Ukraine has intensified its drone attacks against refineries and pipelines for export, leading to fuel shortages in Russia. The authorities have responded by implementing plans to limit the exports of diesel and gasoline. Industry sources reported in September that Transneft, the Russian pipeline monopoly, warned oil producers to...

Three traders said that the premiums for Russia's ESPO blend crude oil loaded from Kozmino have fallen for November-loadings because independent Chinese refiners - key buyers of this grade - are facing dwindling import quotas. Traders said that cargoes due to be loaded from the Far Eastern Port of Kozmino, in November, were sold for a premium of about $1.70 per barrelle to ICE Brent, on a delivery-basis to Chinese ports. This is down from around $2 per barrelle at October levels. Independent refiners in China are subject to a strict quota-based system. State-run refiners like Sinopec PetroChina and CNOOC,...

The Oktoberfest festival in Munich is closed on Wednesday at least until 5 pm (1500 GMT), after police discovered explosives inside a residential house in the city's north that had caught fire, killing one person. Special forces in Munich were conducting an investigation as part of a large operation, which police had said earlier did not pose a danger to the public. The area was located north of the city where Bild and other media reported that shots and explosions could be heard. The police said that the building was deliberately set ablaze in a dispute between family members. One...

On Wednesday, during an all-day general strike to protest against the extension of working hours, Greek trains and ferries were stopped and protests expected in Athens. The protest was organized by Greece's biggest private and public unions in response to a government proposal to extend the 13-hour limit on working days currently applicable to those with two jobs, to those with just one. A labour ministry official predicted that the rule would be passed in October. The unions claim that it will increase the pressure on Greek workers, who are emerging from a debt crisis which slashed salaries and pensions...

The third quarter of recent history was both one of best and worst for dealmakers around the world. According to Dealogic, megadeals generated a staggering $1.26 trillion worth of global mergers and purchases during the third-quarter - an increase of 40% over the previous year. This was the second best third-quarter ever by deal value. Data show that only 8,912 transactions were completed, a drop of 16% compared to last year. This is the lowest third-quarter deal volume for 20 years. Dealmakers are in a strange situation, as they had high hopes for 2025 following the election of Donald Trump....

The differential between Russia's Urals and Brent crude oil was little changed in Tuesday's featureless trading. However, the return of Iraqi Kurdistan Oil exports will add pressure to the market for sour crude, traders have said. Iraq wants to double the amount of crude oil flowing through the recently reopened Kirkuk - Ceyhan pipeline in Iraq by next year. This was stated by an official from Iraqi state oil marketing company SOMO. Rikan Kareem, speaking at a London conference on Tuesday, said that SOMO aims to reach 400,000-500,000 barrels of oil per day by 2026. After reopening the pipelines on...

According to LSEG, analysts, and investors, global companies such as Citigroup and McDonald's flocked to Canada's Bond Market this year due to strong investor demand and lower borrowing costs. This trend reflects an increasing willingness of investors and issuers to move away from the US dollar, as uncertainty caused by President Trump's policies on trade continues. According to LSEG, the amount of "Maple Bonds" issued by foreign borrowers on the Canadian market reached 16.32 billion dollars as of September 25. This is more than the $13 billion that was raised for the entire year 2024. It also surpasses the $16.28...

The latest funding round for Swedish self-driving vehicle startup Einride raised $100 million from investors including asset management company EQT Ventures, and quantum computing firm IonQ at an undisclosed value. The company said that the capital would allow them to expand their customer base, develop new technology and scale up the deployment of their autonomous freight trucks. Self-driving trucking technology is a promising way to grow the long-haul and freight industry. However, it faces regulatory scrutiny. As they follow fixed routes, usually on highways with no pedestrians or intersections, self-driving services do not require as much mapping. Einride will raise...

The third quarter of recent history was both one of best and worst for dealmakers around the world. According to Dealogic, megadeals generated a staggering $1.26 trillion worth of global mergers and purchases during the third-quarter - an increase of 40% over the previous year. This was the second best third-quarter ever by deal value. Data show that only 8,912 transactions were completed, down 16% on last year. This is the lowest third-quarter deal volume for 20 years. Dealmakers are in a strange situation, as they had high hopes for 2025 following the election of Donald Trump. Trump's punishing Tariffs,...

The third quarter of recent history was both one of best and worst for dealmakers around the world. According to Dealogic, megadeals generated a staggering $1.26 trillion worth of global mergers and purchases during the third-quarter - an increase of 40% over the previous year. This was the second best third-quarter ever by deal value. Data show that only 8,912 transactions were completed, a drop of 16% compared to last year. This is the lowest third-quarter deal volume for 20 years. Dealmakers are in a strange situation, as they had high hopes for 2025 following the election of Donald Trump....

Donald Trump announced on Thursday a new round punishing tariffs. He said the United States would impose 100% tariffs for imported branded drugs and 25% tariffs for all imports of heavy-duty trucks. Trump said that he will also start charging a 30 percent tariff on upholstered furnishings next week. He said that the new tariffs on heavy-duty trucks were meant to protect manufacturers against "unfair competition from outside" and said that the move would be beneficial for companies like Paccar's Peterbilt, Kenworth and Daimler Truck's Freightliner. Trump has launched a number of national security investigations into the possibility of new...

Eurotunnel's boss said that the European Union plan to roll out its digital border system post-Brexit in phases starting next month should prevent long queues at the UK border and confusion, he added. The EU will finally launch the much-delayed new Entry/Exit System on October 12 for UK nationals and non-EU citizens. This automated system requires that travellers register at the EU borders by scanning their passports, and taking their fingerprints and photographs. EES will eventually be used to replace passport stamping by all non-EU nationals, helping the bloc to track compliance with its 90 day visa-free travel policy and...

Three sources with knowledge of the matter have confirmed that Mercuria plans to remove almost 100,000 metric tonnes of aluminum from the London Metal Exchange's warehouses. This could result in a reduction in the dominant position held by the commodity trader. Since May, Mercuria, a Swiss company, has held over 90% of all aluminium warrants (title documents conferring ownership) 0#LMEWHL>. LME data shows that as of September 4, LME's holdings of aluminium on or available warrant totaled more than 426,000 tonnes . Aluminium is not illegal in the United States. Mercuria announced on September 5 and 8 that it would...

The International Council on Clean Transportation's (ICCT) report on Wednesday showed that most European truckmakers will meet the European Union 2025 emission targets, despite the fact that electric trucks only make up a small percentage of sales. Heavy-duty vehicles, which are almost exclusively diesel-powered, account for one quarter of road transport emissions in Europe. According to EU regulations, manufacturers are required to reduce CO2 emissions in 2025 by 15 percent compared with 2019 levels. Truckmakers, unlike carmakers, can meet the emission standards by increasing diesel efficiency, and using regulatory flexibility, rather than selling large numbers of electric vehicles. The ICCT...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. SAFRAN The French aerospace group is looking to sell a significant part of its interiors business. SOFINA The Belgian holding reported a lower net asset value for the first half of 2024 than it did in 2010. It was 9.8 billion euro compared to 10.3 billion euros in the same period last year. The French group announced a half-year revenue totaling 2.5 billion Euros and confirmed its long term strategy. Pan-European market data: European Equities speed guide................... FTSE Eurotop 300...

On Wednesday, the German cabinet approved changes to the National Supply Chain Act to exempt large companies from certain document requirements which have been criticized as being costly and bureaucratic. German companies with over 1,000 employees are required to follow due diligence procedures in order to monitor the human rights and environmental standards of their suppliers. Reports indicate that smaller suppliers are often affected by this regulation, and it duplicates an EU-wide directive which must be translated into national law before July 2027. Initially, the coalition government pledged to completely scrap Germany's Supply Chain Law. Baerbel Bas, Minister of Labour,...

After the government agreed late Tuesday to most of the truckers' requests, the Bosnian truckers lifted their blockade of the movement of goods throughout the Balkans on Wednesday. About 600 trucks are parked in front of cargo terminals near borders with Croatia and Serbia, as well as the capital Sarajevo. This has caused a slowdown in passenger traffic, and threatens the profits of exporters of perishable products and those who produce them. After months of unsuccessful negotiations, representatives of Logistika, which represents 47,000 transport workers, said that the protest was organized after no progress had been made in Bosnia's multiple...

Bosnian truckers blocked all movement of goods in the Balkan nation on Monday, claiming that the government failed to support the transport industry. Around 600 trucks were parked in front of cargo terminals near borders with Croatia and Serbia, as well as the capital Sarajevo. The motor vehicle club BIHAMK in Bosnia said that passenger traffic was not blocked, but had slowed. The protests were organised by Logisticsa, an organisation representing 47,000 transport workers, under the slogan, "That's Enough", after months of talks with Bosnia's many levels of government had failed to produce any results. Velimir Pelelic, chief coordinator of...

Police said that Greek and German officers had dismantled an illegal ring smuggling drugs hidden in trucks coming from Spain to Greece and other European nations. In a police statement, they said that two suspected members of this gang had been arrested in Greece last week and three others in Germany. In Spain and Germany, more suspected gang members are still at large. The statement stated that the estimated profit for the gang is over 5 million euros (5,85 million dollars). Members hid the drugs in trucks that transported goods internationally, or they used trucks to legally enter Spain to...