The European Central Bank shouldn’t hurry into cutting rates further, given that inflation in the eurozone has reached its target level, the president of Germany’s Bundesbank said Monday, the Wall Street Journal reported. “We should continue to make decisions on a meeting-by-meeting basis depending on the data and not rush into anything,” Joachim Nagel said in a speech in Frankfurt. The ECB earlier this month lowered its key interest rate to 2% from 2.25%, its eighth cut since June 2024.

A consortium led by U.S. investment firm RedBird Capital Partners has agreed to buy the publisher of Britain’s 170-year-old Daily Telegraph newspaper for about 500 million pounds ($674 million), the two sides said Friday, the Associated Press reported. Redbird said it has reached an agreement in principle to become controlling owner of the Telegraph Media Group, ending a lengthy takeover saga for the conservative-leaning newspaper.

A record share of the world’s central banks plans to accumulate more gold over the next 12 months, drawn by bullion’s performance during times of crisis and protection against inflation, Bloomberg reported. In a survey of 72 monetary authorities, 43% said they expected their gold reserves to increase, up from 29% a year earlier and the highest figure in eight years of data collected by the World Gold Council and YouGov. None anticipated a decline. Central banks have been one of the most important drivers of a long-running gold rally that has seen prices double since late-2022.

On 10 June, the Moscow Exchange began calculating and publishing a new index — Bitcoin — and the calculation will take place daily at 12.30, Realnoe Vremya reported. The index is calculated as a weighted average of prices taking into account the weighting factors of the selected trading platforms. The weighting factors of the crypto exchanges are calculated based on the trading volumes of the instruments being monitored and will be revised quarterly. In the future, the indicator may become the underlying asset for financial instruments, experts note.

The head of French carmarker Renault, Luca de Meo, is to quit "to take on new challenges outside the automobile sector,” the company said on Sunday, BSS News reported. "After five years leading Renault Group, Luca de Meo has announced his decision to leave his position," said a company statement, adding that his departure would take effect on July 15. According to Le Figaro newspaper, de Meo will become the new chief executive of French luxury group Kering, owner of Gucci, Yves Saint-Laurent, Balenciaga and other premium brands.

The recent bankruptcy of Marelli, a supplier of automotive components, has sent shockwaves through the global automotive industry, MSN.com reported. This event marks one of the first major corporate failures triggered by the new tariffs imposed by Donald Trump's administration. Marelli's collapse directly impacts Stellantis and its renowned brands, including Jeep, Chrysler and Dodge. Marelli, known for its expertise in vehicle lighting and electronic components, had been grappling with financial difficulties for years.

Insolvency-related activity in Scotland hit a 29-month high in May 2025, according to new research from R3, the U.K.’s insolvency and restructuring trade body, Credit-Connect reported. R3’s analysis of data provided by Creditsafe shows there were 141 cases of insolvency-related activity in Scotland in May — the highest number on record since December 2022’s figure of 142.