Europe
Every Sainteur story on Europe, newest first.
Burberry's comparable retail sales rise 4%, extending its growth streak to five quarters
Burberry Group plc ($BRBY) said comparable retail sales rose 4% in the first half and second quarter, a fifth consecutive quarter of growth, in what Chief Executive Joshua Schulman called an uncertain environment. H1 revenue rose 6%, and adjusted operating profit was £62 million.
Britain's Fractile raises $720 million for AI inference chips
The UK government says the round values the London- and Bristol-based startup at over £5 billion. Reuters reported $7 billion.
Nomura is considering a sale of crypto unit Laser Digital, Bloomberg reports
Bloomberg, citing people familiar with the matter, said Marex Group is evaluating a deal and that Nomura has not decided whether to sell the Zurich unit or keep it.
Citi cuts US stocks and tech to neutral, upgrades Europe ex-UK on AI turbulence
Beata Manthey's team is still positive on AI longer term but warns crowded positioning and further selling could keep tech under pressure.
Brookfield plans an AI data center at the UK's Drax power station that could top £20 billion
Drax, which runs a power station in North Yorkshire, would host the project with Brookfield and its Radiant platform, though approvals, a tenant and final investment decisions are still pending.
Lagarde will leave the ECB in February, nearly nine months early
The ECB president said she wants the freedom to speak on matters beyond monetary policy. Her successor will be picked by EU leaders.
France's debt troubles look like everyone else's, only worse
A big deficit, a stalled budget and record planned bond sales for 2027 have made French debt the euro zone's pressure point, and other indebted countries are feeling it.
Tesla's supervised FSD is approved in Latvia, the tenth EU country to sign on
Tesla ($TSLA) says its supervised driver-assist system is now approved in Latvia, with the rollout to begin soon, according to Tesla Europe on X. Latvia is the tenth EU country to back the Dutch approval, eletric-vehicles.com reported.
Global credit spreads hit a 17-month high as AI borrowing fears spread to bonds
A Bloomberg index of global corporate bond spreads hit its widest since May 2025. This week Meta disclosed about $825 billion in commitments and a forecast need to raise hundreds of billions of dollars.
Nokia's AI and cloud sales more than doubled, and its networking unit grew 17%
Nokia said its Network Infrastructure sales rose 17% in the third quarter, helped by AI and cloud demand, and Reuters reported that comparable operating profit topped the average estimate.
Legal AI startup Legora raises $550 million at an $8.8 billion valuation
The Swedish company says annual recurring revenue now tops $200 million. Its biggest rival, Harvey, raised the same amount at a much higher valuation just weeks ago.