Moody Ratings sustained the European Union’s prime AAA credit rating with a stable outlook, pointing to the collective fiscal backing of net contributor nations that preserves the bloc’s premier standing in global debt markets. According to the rating agency, this
– The Portuguese government has approved a 420 million euro ($468 million) public works package to extend the Porto Metro network to central Gondomar and deploy new light rail and metrobus corridors to Trofa. Announced by Minister of the Presidency
– In recent data revealed by Eurostat, ocean freight continues to lead Europe’s international trade activities, with non-EU countries delivering 1.1 billion tonnes of goods valued at 1.27 trillion euros to the European Union through maritime routes. The report emphasizes
Marking World Maritime Day, the international maritime community acknowledged the unprecedented security challenges currently affecting global shipping networks. At the IMO headquarters in London, which was illuminated in blue to commemorate the event, officials underscored that shipping is directly influenced
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Sports
Spain reached the FIFA World Cup quarter-finals with a 1-0 win over Portugal on Monday, as Mikel Merino scored in the 91st minute at Dallas Stadium. The substitute took a pass from Ferran Torres and finished low past Diogo Costa.
Norway reached the FIFA World Cup quarterfinals for the first time after beating Brazil 2-1 in the Round of 16 on Sunday. Erling Haaland scored twice late at New York New Jersey Stadium. Brazil, the five-time champion, exited before the
Automotive
Following months of talks between management and employee representatives, Porsche announced a major labor deal on Monday to cut a further 5,000 positions by 2035. Combined with earlier downsizing measures, the agreement expands total headcount reductions to nearly 9,000 jobs—representing
The FIA has restated its commitment to bring V8 engines back to the FIA Formula One World Championship, placing power unit rules at the center of debate before the British Grand Prix at Silverstone. FIA President Mohammed Ben Sulayem said
Automakers reduced their in-house discounts on electric vehicles in Germany in May, narrowing price support at a time when state purchase aid has returned for eligible private buyers. The average discount on the 20 best-selling electric models fell to 18.6%
Porsche has presented a one-off 911 GT3 RS created through its Sonderwunsch programme, combining the track-focused sports car with a bespoke design treatment inspired by haute couture. The vehicle is finished in Macadamiametallic from the Paint to Sample range and
EuroWire, BRUSSELS: EV sales across Europe’s main auto markets rose sharply in the first quarter of 2026 as higher pump prices pushed more buyers away from petrol and diesel models. New battery-electric registrations climbed 29.4% from a year earlier to
EuroWire, MUNICH: BMW has unveiled the new fully electric i3 as the second model in its Neue Klasse lineup, positioning it as the first all-electric BMW 3 Series and confirming production will start in Munich in August 2026 with first
EuroWire, ATLANTA: Mercedes-Benz USA has unveiled the 2027 S-Class Sedan as a major update to its flagship luxury sedan, adding new lighting signatures, a revised cabin technology stack and expanded personalization choices. The automaker said the model introduces an illuminated
BRUSSELS, December 17, 2025: The European Union is set to ease its planned 2035 ban on the sale of new combustion engine vehicles after sustained pressure from automakers and several member states, marking a significant policy adjustment in the bloc’s
STUTTGART, November 19, 2025: Porsche has introduced the first fully electric version of its flagship SUV, the Cayenne, marking a pivotal moment in the brand’s electrification program. The new Cayenne Electric delivers up to 850 kW, equivalent to 1,156 PS,
BERLIN, Oct. 25, 2025: Porsche AG reported an operating loss of €967 million for the third quarter of 2025, its first quarterly loss since the company went public in 2022. The result compares with an operating profit of €974 million
Entertainment
EuroWire, LOS ANGELES: Ben Affleck has come under sustained scrutiny following recent public remarks in which he downplayed the creative capabilities and economic impact of artificial intelligence on the film and television industry. While Affleck characterized AI as a limited,
Apple is expanding its Apple Arcade subscription service with a slate of new titles and major updates launching throughout September. Headlining the lineup is NFL Retro Bowl ’26, which debuts exclusively on the platform on September 4. Developed by New Star
Luxury
MENA Newswire News Desk: The personal luxury goods market, long seen as resilient against economic uncertainty, is witnessing a significant contraction for the first time since the Great Recession. According to Bain & Company’s annual luxury report, global sales are
Rolex introduces the latest addition to its esteemed collection with the unveiling of the new Oyster Perpetual Rolex Deepsea model. Breaking tradition, this iteration marks the first-ever presentation of the divers’ watch in 18 ct yellow gold. Sporting a distinctive 60-minute
The Rolex Oyster Perpetual Day-Date, a beacon of horological prestige, marries the elegance of 18 ct gold or 950 platinum with groundbreaking innovation. Since its launch in 1956, it has stood out as the first wristwatch to display both the date and
The 53rd edition of the Watch & Jewellery Middle East Show, unveiled its treasures on January 31st in Sharjah. This prestigious event, a collaboration between Expo Centre Sharjah and the Sharjah Chamber of Commerce and Industry, has become a beacon for luxury connoisseurs worldwide,
Porsche, the renowned sports car manufacturer, has teamed up with Frauscher Shipyard to unveil the 850 Fantom Air, their inaugural electric sports boat. Powering this maritime marvel is the drive technology slated for Porsche’s upcoming all-electric Macan. International media and enthusiasts recently
The Rolex GMT-Master II is making waves with its two latest versions – one in yellow Rolesor, a blend of Oystersteel and yellow gold, and another in 18 ct yellow gold. These timepieces debut a groundbreaking grey-black Cerachrom bezel insert, redefining the
In the world of luxury watchmaking, certain introductions set the bar higher. The Aquanaut Luce Annual Calendar Reference 5261R-001 is just that – a testament to Patek Philippe’s continued commitment to pushing the boundaries of innovation while maintaining an elegant touch. The
In the picturesque heart of Switzerland, the rhythm of innovation beats strong within Audemars Piguet’s walls. The legendary Swiss watchmaker brings forth yet another symphony of design: a novel rendition of their Royal Oak Offshore Music Edition, initially birthed to the world in
In the vast universe of luxury brands, Rolex occupies a unique celestial body, twinkling with prestige, precision, and timeless allure. It’s a name that, for over a century, has been synonymous with excellence in watchmaking. While many brands have come and gone,