Business

European Commission Announces EU Bond Auction on Sept. 28, 2026
Business

European Commission Announces EU Bond Auction on Sept. 28, 2026

The European Commission said today that it will auction the following securities on behalf of the European Union: EU-Bonds04/12/20291.625%EU-Bonds12/12/20353.375%EU-Bonds04/02/20482.625%ISINEU000A3K7MW2EU000A4D8KD2EU000A3K4DM9Competitive auction28/09/202628/09/202628/09/2026Settlement competitive auction30/09/202630/09/202630/09/2026Non-competitive auction29/09/202629/09/202629/09/2026Settlement non-competitive auction01/10/202601/10/202601/10/2026Maturity04/12/202912/12/203504/02/2048Announced volume *up to 2500up to 2500up to 2000Maximum non-competitive allocation *up to 500up to 500up to 400* in millions of eurosMembers of the Primary Dealer Network are entitled to bid.Primary Dealers

Why AI Is Pushing Up Your Mortgage Rate
Business

Why AI Is Pushing Up Your Mortgage Rate

Mortgage interest rates have started rising again. And the reason is simple. When a bank lends several hundred thousand euros over 25 years, it must itself borrow that money on the markets. To work out the price, it refers to the rate at which the Belgian state borrows. Or, at the end of August, that

Volkswagen to Cut 50,000 More Jobs in Major Restructure
Germany, Business

Volkswagen to Cut 50,000 More Jobs in Major Restructure

Under-pressure carmaker will shed 15% of workforce and halve its product line in sector’s biggest ever restructureThe car company Volkswagen has approved controversial plans to shed 100,000 jobs in a battle for survival as it faces fierce competition from Chinese rivals.After the latest round of talks this week, the company announced a further 50,000 job

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