Economy

The ECB vice-president argues that a more integrated banking market would do more for competitiveness than simpler rules alone.

The ECB has raised its key rates, Nieuws.nl reports, but Dutch savers will only benefit if their banks choose to pay more interest.

Volvo Cars has withdrawn its 2026 expectations after a third-quarter sales decline, citing worsening conditions in China and a slower US recovery.

Nike’s plan to combine its sales divisions adds detail to its job cuts, though the number of positions affected remains unclear.

Dutch shipbuilder Damen is seeking nearly €4.7 billion from Germany after Berlin cancelled a six-frigate programme. The sum is a claim, not an agreed payment.

France’s government has proposed tax rises and spending cuts as it seeks to reduce its budget deficit and manage a growing debt burden.

New York stocks rose in early trading as Micron’s outlook supported the market, though its own shares slipped and rising oil prices tempered enthusiasm.

Anthropic could make its stock-market debut before US Thanksgiving, Bloomberg has reported, citing unnamed sources.