The Business Times
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Lionel Laurent

BYD sells the Dolphin Surf for less than 23,000 euros (S$34,830) in Europe.

Europe’s naivety about the China export shock is tragic

Abandoning the 2035 combustion engine ban will not secure the European car industry’s future

President Alexander Stubb says "resilience” is a part of Finnish DNA.

Can quality of life be a superpower? Ask Finland

Bank of Finland governor Olli Rehn calls on all of Europe to ‘get its act together’

European Commissioner Andrius Kubilius says the proposals by the US and Russia to end the war in Ukraine are "unacceptable" and that it would be better for Europe to step up with its own.

Ukraine’s Europe allies still hold an ace card in US showdown

A region with a gross domestic product that is 10 times that of Russia’s is able to do more than it has so far

For Swiss drugmakers like Novartis, the stay of execution granted to the sector feels temporary, with a possible 25 per cent pharmaceutical tariff to come if no deal is done.

Neutrality got the Swiss nowhere on tariffs

The Alpine country found out the hard way that the US is not here to help

Even if Elon Musk deserves credit for his part in SpaceX’s domination in both rocket launches and satellite communications, the feud’s weaponisation of space suggests innovation has taken a backseat to favouritism.

Musk is the US$350 billion Rocket Man who fell to Earth

His Maga feud is a costly lesson for a space economy dependent on one firm

German Chancellor Friedrich Merz warns: “At the moment, we strongly protect US tech companies … That can be changed.”

Big Tech is a target if 50% EU tariff threat stays

Trump’s pressure tactics on Europe are cheap; giving in to them would be costly

Paris needs to devise a new equity story beyond its trademarks of tourism, luxury and politically connected corporations.
THE BOTTOM LINE

Paris and London’s wealth loss is Dubai’s gain

The two cities are losing the war for private equity and hedge funds

Trump’s proposed national reserve of cryptocurrencies is uncharted territory for any country, let alone the US.
THE BOTTOM LINE

Crypto’s next bubble will be politically motivated

Trump’s reserve proposal is monetary madness, echoing the fight for a system backed by both silver and gold in McKinley’s day

Revolut co-founder Nikolay Storonsky recently flagged that backers will want an initial public offering “sooner or later”, and that the US looks a preferable listing destination.
THE BOTTOM LINE

Revolut’s road to IPO will test fintech’s hype

The neobank’s ambitious expansion comes with renewed pressure on cost

On top of the threat posed by Trump’s personal conflicts and the fact that his own supporters may be being bilked, the ultimate risk is of a monetary system so awash with bad money that it drives out the good.

Trump meme coins are a disaster in waiting

The First Family’s chaotic cryptocurrency ventures feel like ICOs and NFTs all over again

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