Former culture secretary warns Netflix revolution has made BBC licence fee unsustainable

Private acquisitions have removed over $1 trillion from European equity markets in the past decade, according to a report by HSBC Global Research and New Financial, highlighting the shift from public to private capital. The report notes that 1,013 European companies have been acquired, compared to only 130 that relocated to the US stock market, raising concerns about diminishing liquidity and investment in Europe. Policymakers are urged to reform public markets, as the current climate,...

The EU, now the world's largest trading bloc, faces challenges as trade dynamics shift under US influence, particularly during Trump’s presidency, which has seen the imposition of significant tariffs. European Commission President Ursula von der Leyen is navigating negotiations with the US while also fostering trade relationships with countries like Brazil, Mexico, and India to mitigate dependency and internal market barriers. Despite having the largest network of trade agreements, the EU struggles with internal opposition...

Germany is experiencing a surge in economic optimism, with a consumer survey indicating the highest confidence levels since last August, and companies like Deutsche Bank and Lufthansa maintaining positive outlooks despite global uncertainties. The DAX has risen over 12% this year, aided by a government plan to increase spending, yet the IMF forecasts minimal growth. While key sectors show improving activity, they remain in contraction; nevertheless, the alignment of Germany's economy and corporations, coupled with...

The European Court of Justice has ruled that Malta's "golden passport" scheme, which allowed individuals to buy citizenship and live in the EU, is illegal and must be abolished. The court determined that the investor citizenship program violated EU law by commercializing nationality, undermining the mutual trust essential for a borderless EU. This long-awaited decision emphasizes that such practices are incompatible with the principles of European citizenship and law. Full Article

The EU has imposed fines of hundreds of millions on Apple and Meta, while the US takes a more stringent approach towards big tech. Elon Musk is stepping back from his role in Doge as Tesla reports a 71% drop in profits, and his xAI faces pollution accusations linked to a supercomputer in Memphis. Meanwhile, Ofcom introduces new online safety measures for children, and Apple plans to shift iPhone production from China to India, with...

SummaryProfits at Porsche and Volvo Cars plummeted in Q1 due to the impact of US tariffs, with Volvo reporting a 59% drop in operating profits and withdrawing its guidance for the next two years, while Porsche's profits fell 40% amid rising costs and declining deliveries. Both companies are implementing cost-cutting measures, with Volvo launching an SKr18bn program and Porsche reducing production expansion plans. Uncertainty around trade policies continues to challenge profitability, as Porsche revised its...