
Investment bank posts 14% revenue growth to $17.2B, profit up 18% to $5.4B; shares fall 4.5% on mixed trading outlook
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Goldman Sachs reported its best quarter in five years with Q1 2026 revenues rising 14% to $17.2 billion and profit up 18% to $5.4 billion, driven by a 48% jump in investment banking fees from increased completed M&A activity. This marks the third consecutive quarter where completed deals positively contributed to results. Despite solid earnings, shares fell over 4.5% in pre-market trading as investors focused on mixed trading outcomes and forward-looking caution about global complexity.

EDF Energy is negotiating to acquire the customer base of UK-based So Energy. The supplier, currently owned by Ireland's Electricity Supply Board, has been under a strategic review since summer, with PwC managing the potential sale process.

Eurostat data shows Rotterdam and Antwerp-Bruges are the EU's busiest ports in 2024, handling 397.3M and 243.7M tonnes respectively, with the Netherlands leading all member states in total goods handled.

Europe has lost its global lead in pharmaceutical R&D to the U.S. and China, with declining investment and clinical trials threatening access to innovation, skilled jobs, and health security, prompting urgent calls for stronger regulatory, fiscal, and industrial policies to rebuild competitiveness.

Fitch Ratings upgraded Portugal's sovereign debt rating from "A" to "A+" with a stable outlook, driven by strengthening public finances, declining debt projections, and fiscal prudence, marking the first time the country regained an A+ rating since 2011.

Dr. Nikolas Stihl warns that Germany's industrial base is eroding due to high costs, overregulation, and demographic shifts, urging sweeping reforms in labor, taxation, and administration.

Stihl family entrepreneur Nikolas Stihl warns that the German economy is in a serious crisis, citing lost industrial output and jobs. He calls for structural reforms, including a 40-hour work week without pay rises, reduced bureaucracy, and lower non-wage labor costs.