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european markets mixed as investors react to trump tariff plans
European markets are set for a mixed opening as investors react to President-elect Donald Trump's proposed tariffs on imports from China, Canada, and Mexico. The U.K.'s FTSE 100 is expected to rise slightly, while Germany's DAX, France's CAC, and Italy's FTSE MIB are projected to decline. Key earnings from Easyjet and consumer confidence data from Germany and France are also on the agenda.
Basler Kantonalbank becomes national sponsor for Eurovision Song Contest 2025
Basler Kantonalbank (BKB) has secured a national sponsorship slot for the Eurovision Song Contest 2025 in Basel, becoming the second local company to support the event. With only five to six national sponsorships available, BKB aims to create a memorable experience for the local community and ensure lasting positive effects beyond the event.
pain fines ryanair easyjet and others for abusive luggage fees
Spain's Ministry of Consumer Rights has imposed a €179 million ($186 million) fine on five low-cost airlines, including Ryanair, EasyJet, and Vueling, for "abusive practices" related to cabin luggage fees and other charges. Ryanair faces the largest penalty of €107.78 million, while the airlines plan to appeal the fines, arguing they violate EU law and hinder consumer choice. The fines come amid ongoing challenges for budget airlines, including rising fuel costs and supply chain issues.
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