{"id":2048377,"date":"2026-07-17T14:11:18","date_gmt":"2026-07-17T11:11:18","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2048377"},"modified":"2026-07-17T14:11:18","modified_gmt":"2026-07-17T11:11:18","slug":"blackrock-tops-15tn-where-does-the-worlds-largest-asset-manager-put-it-all","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2048377","title":{"rendered":"BlackRock tops $15tn: Where does the world&#8217;s largest asset manager put it all?"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/84\/14\/63\/1200x675_cmsv2_ada1aa86-625c-50f3-ac7f-678db575e6fe-9841463.jpg&#8221;]<\/p>\n<article id=\"abe-2910653-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910653\" data-cid=\"9842155\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910653-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/21\/55\/189x106_cmsv2_f3395cf6-475d-5dfc-9c5d-f2c376bf279c-9842155.jpg\" loading=\"lazy\" alt=\"US President Donald Trump, right, shakes hands with Chinese President Xi Jinping while leaving after a visit to the Zhongnanhai Garden in Beijing, Friday, 15 May, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    China<\/p>\n<div class=\"the-media-object__title  \">\n<p>    China rejects Trump&#8217;s election interference accusations\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908624-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2908624\" data-cid=\"9838628\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908624-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/22\/13\/189x106_cmsv2_ef869aea-2681-53cc-8b62-0be9af67ea3b-9832213.jpg\" loading=\"lazy\" alt=\"Athens Photography Festival\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Athens Photo Festival: A polyphonic celebration of photography\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2910646-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910646\" data-cid=\"9842086\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910646-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/20\/86\/189x106_cmsv2_820f1562-b408-5105-b7f7-eb9eb5497c24-9842086.jpg\" loading=\"lazy\" alt=\"FILE - FILE - A person uses a smart phone in Chicago, Sept. 16, 2017. (AP Photo, File)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Tech News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Your phone is destroying your thumbs \u2014 and here&#8217;s how to stop it\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2910594-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910594\" data-cid=\"9841743\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910594-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/17\/43\/189x106_cmsv2_a2128fc3-f088-5315-8552-eff4417b1f87-9841743.jpg\" loading=\"lazy\" alt=\"Hungarian Prime Minister P\u00e9ter Magyar in the parliament building in Budapest\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Rule of Law in Hungary shows \u2018radical change\u2019 under Magyar, EU says\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2910653-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2910653\" data-cid=\"9842155\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910653-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/21\/55\/189x106_cmsv2_f3395cf6-475d-5dfc-9c5d-f2c376bf279c-9842155.jpg\" loading=\"lazy\" alt=\"US President Donald Trump, right, shakes hands with Chinese President Xi Jinping while leaving after a visit to the Zhongnanhai Garden in Beijing, Friday, 15 May, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    China<\/p>\n<div class=\"the-media-object__title  \">\n<p>    China rejects Trump&#8217;s election interference accusations\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908624-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2908624\" data-cid=\"9838628\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908624-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/22\/13\/189x106_cmsv2_ef869aea-2681-53cc-8b62-0be9af67ea3b-9832213.jpg\" loading=\"lazy\" alt=\"Athens Photography Festival\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Athens Photo Festival: A polyphonic celebration of photography\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2910646-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2910646\" data-cid=\"9842086\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910646-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/20\/86\/189x106_cmsv2_820f1562-b408-5105-b7f7-eb9eb5497c24-9842086.jpg\" loading=\"lazy\" alt=\"FILE - FILE - A person uses a smart phone in Chicago, Sept. 16, 2017. (AP Photo, File)\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Tech News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Your phone is destroying your thumbs \u2014 and here&#8217;s how to stop it\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2910594-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2910594\" data-cid=\"9841743\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910594-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/17\/43\/189x106_cmsv2_a2128fc3-f088-5315-8552-eff4417b1f87-9841743.jpg\" loading=\"lazy\" alt=\"Hungarian Prime Minister P\u00e9ter Magyar in the parliament building in Budapest\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Rule of Law in Hungary shows \u2018radical change\u2019 under Magyar, EU says\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Business<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            BlackRock tops $15tn: Where does the world&#8217;s largest asset manager put it all?<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/14\/63\/1536x864_cmsv2_ada1aa86-625c-50f3-ac7f-678db575e6fe-9841463.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"BlackRock headquarters in New York, Feb. 2006\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              BlackRock headquarters in New York, Feb. 2006<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo\/Mark Lennihan<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo\/Mark Lennihan\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspQuirino Mealha\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1784297478\">\n         Published on<br \/>\n            <time datetime=\"2026-07-17 16:11:18 +02:00\">17\/07\/2026 &#8211; 16:11 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div 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alt=\"vk\" loading=\"lazy\"><span>VK<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-vk.svg\" width=\"48\" height=\"48\" alt=\"vk\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"24\" height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        BlackRock has become the first asset manager to oversee more than $15 trillion (\u20ac13tn), nearly three times the nominal annual output of Germany, the EU\u2019s largest economy. Here is how the money is spread.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>No asset manager had ever crossed the $15 trillion (\u20ac13tn) threshold before BlackRock confirmed the milestone in results published on Wednesday.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>The rise was driven by market gains and new client money. <\/p>\n<p>Clients handed the New York-based giant a net $192 billion (\u20ac167bn) in the second quarter of 2026, capping a record first half in which inflows reached $321 billion (\u20ac280bn), more than double the same period a year earlier.<\/p>\n<p>To illustrate the sheer scale of BlackRock\u2019s assets under management, the firm manages more money than the projected nominal annual economic output of every country except the US and China, and nearly three times that of Germany.<\/p>\n<p>However, assets under management represent a stock of investments, while GDP measures economic output over a year. <\/p>\n<p>The surge in assets came during a quarter that was lucrative too.<\/p>\n<p>According to BlackRock&#8217;s second-quarter earnings release, revenue climbed 31% year on year to $7.1 billion (\u20ac6.2bn), while adjusted earnings per share reached $13.91, comfortably beating expectations. <\/p>\n<p>BlackRock shares jumped about 7% on the day of the release.<\/p>\n<p>&#8220;Market fundamentals are strong and well supported, with higher margins and earnings momentum catalysed by new technology,&#8221; CEO Larry Fink said in a statement.<\/p>\n<p>&#8220;Our momentum is accelerating, and I&#8217;ve never been more optimistic about the growth ahead,&#8221; Fink added.<\/p>\n<h2>Where the trillions actually sit<\/h2>\n<p>The first thing to understand is that this is not BlackRock&#8217;s money.<\/p>\n<p>It is the pooled savings of pension funds, insurers, governments and ordinary investors, which the firm manages for a fee. Most of the money is invested in shares.<\/p>\n<p>Equities account for $8.9 trillion (\u20ac7.7tn), or 58% of the total.<\/p>\n<p>Bonds and other fixed-income investments make up a further $3.4 trillion (\u20ac2.9tn), or 22%. Multi-asset strategies that combine different investments hold $1.3 trillion (\u20ac1.1tn), or 9%, while cash-management products, such as Treasury bills, account for another $1.1 trillion (\u20ac960bn), or 7%of the total.<\/p>\n<p>The headline-grabbing alternative investments, including infrastructure, private credit, private equity and property remain a sliver at $449 billion, roughly 3% of assets, but they generate about 15% of BlackRock\u2019s base fees.<\/p>\n<p>Commodity and currency products hold $152 billion (\u20ac132bn), while crypto-linked funds, launched in 2024, manage about $49 billion (\u20ac42bn).<\/p>\n<p>The way the money is invested matters as much as the asset mix.<\/p>\n<p>Some 41% of the total sits in exchange-traded funds (ETFs). Fink noted that the iShares ETF range crossed $6 trillion during the quarter, roughly double its size three years ago.<\/p>\n<h2>Ports, pensions and politics<\/h2>\n<p>BlackRock\u2019s scale has increasingly brought it into deals with geopolitical implications. The dispute over ports at either end of the Panama Canal is one of the clearest recent examples.<\/p>\n<p>After US President Donald Trump claimed China was effectively running the waterway, Hong Kong&#8217;s CK Hutchison agreed in March 2025 to sell 43 ports, including terminals at either end of the canal, to a consortium led by BlackRock. The proposed deal was valued at $22.8 billion (\u20ac19.9bn) and welcomed by Washington as a step towards restoring US influence over the ports.<\/p>\n<p>Beijing objected and pressed for state-owned Cosco to be included. The sale has yet to be completed.<\/p>\n<p>Panama meanwhile annulled Hutchison&#8217;s canal concessions in February, handing interim operations to Maersk and MSC, whose terminals arm counts BlackRock&#8217;s infrastructure unit GIP among its shareholders, while talks on the wider portfolio continue.<\/p>\n<p>Meanwhile, Panama\u2019s Supreme Court annulled Hutchison\u2019s concessions to operate container terminals at either end of the Panama Canal in January. The government transferred interim control of the ports to Maersk and MSC in February, while talks over the wider portfolio continued. BlackRock\u2019s infrastructure business, Global Infrastructure Partners, is a shareholder in MSC\u2019s ports division.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Hong Kong &#8216;firmly rejects&#8217; court ruling cancelling concession on operating Panama ports<\/li>\n<li class=\"c-widget-related__item\">Trump&#8217;s China visit: US CEOs Musk, Cook and Nvidia\u2019s Huang join trade talks<\/li>\n<\/ul>\n<\/div>\n<p>Larry Fink&#8217;s proximity to the White House was on display again in May, when he travelled to Beijing as part of the corporate delegation accompanying Trump during his meeting with Chinese President Xi Jinping.<\/p>\n<p>Fink joined chief executives including Tesla&#8217;s Elon Musk and Apple&#8217;s Tim Cook on a visit dominated by trade and technology.<\/p>\n<p>The firm&#8217;s reach extends into American retirement policy as well.<\/p>\n<p>An executive order signed by Trump last year directed regulators to broaden access to private-market assets through the country&#8217;s 401(k) pension plans. BlackRock had championed the shift and stands to benefit as it develops private-market products for retirement savers, which typically carry higher fees than index funds.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2910528-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910528\" data-cid=\"9841394\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910528-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/13\/94\/480x270_cmsv2_55d6ea8b-bce5-5e4f-b16e-3a2a2986d0d8-9841394.jpg\" loading=\"lazy\" alt=\"President Donald Trump holds up an image taken from his File - Truth Social account at an event about coal, on 4 June 2026, in the Oval Office of the White House in Washington\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Trump Media to sell faster access to key market-moving social posts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910492-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910492\" data-cid=\"9841210\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910492-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/12\/10\/480x270_cmsv2_5aeb9226-e683-5412-a367-4743694bb647-9841210.jpg\" loading=\"lazy\" alt=\"File - A Save our Steel sticker is pictured on the helmet of a worker at one of the Blast Furnaces at British Steel&apos;s steelworks site in Scunthorpe, England. 15 April 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    China \u2018firmly opposes\u2019 UK nationalisation of British Steel<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910050-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910050\" data-cid=\"9838928\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910050-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/89\/28\/480x270_cmsv2_d89047fc-3ed3-5c1d-b36f-6e40d7a909ff-9838928.jpg\" loading=\"lazy\" alt=\"File - An aircraft of Emirates airlines flies past the moon after the start at the airport in Frankfurt, Germany, Wednesday, 5 April 2023. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    The world&#8217;s most profitable airlines: Record earnings collide with war<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Global Fund<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Funds<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Markets<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  assets<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Wall Street<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Euronews Compare<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2910593-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910593\" data-cid=\"9841732\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910593-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/17\/32\/320x180_cmsv2_1fb5ed8a-5739-56a2-bb23-f1c8323dbe6a-9841732.jpg\" loading=\"lazy\" alt=\"File - The UniCredit bank logo is seen on the bank&apos;s headquarters in downtown Milan, Italy, Sunday, 5 October 2008 \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EU unveils banking reforms to unlock billions in investment<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2910528-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910528\" data-cid=\"9841394\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910528-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/13\/94\/320x180_cmsv2_55d6ea8b-bce5-5e4f-b16e-3a2a2986d0d8-9841394.jpg\" loading=\"lazy\" alt=\"President Donald Trump holds up an image taken from his File - Truth Social account at an event about coal, on 4 June 2026, in the Oval Office of the White House in Washington\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Trump Media to sell faster access to key market-moving social posts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2910492-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910492\" data-cid=\"9841210\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910492-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/12\/10\/320x180_cmsv2_5aeb9226-e683-5412-a367-4743694bb647-9841210.jpg\" loading=\"lazy\" alt=\"File - A Save our Steel sticker is pictured on the helmet of a worker at one of the Blast Furnaces at British Steel&apos;s steelworks site in Scunthorpe, England. 15 April 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    China \u2018firmly opposes\u2019 UK nationalisation of British Steel<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2910307-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910307\" data-cid=\"9840267\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910307-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/02\/67\/320x180_cmsv2_14005598-d579-5cef-be0a-9f3047de33a1-9840267.jpg\" loading=\"lazy\" alt=\"Real wages in Europe.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Does your salary buy as much as five years ago? Europe compared<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2910050-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910050\" data-cid=\"9838928\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910050-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/89\/28\/320x180_cmsv2_d89047fc-3ed3-5c1d-b36f-6e40d7a909ff-9838928.jpg\" loading=\"lazy\" alt=\"File - An aircraft of Emirates airlines flies past the moon after the start at the airport in Frankfurt, Germany, Wednesday, 5 April 2023. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    The world&#8217;s most profitable airlines: Record earnings collide with war<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-2\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2910492-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2910492\" data-cid=\"9841210\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    China \u2018firmly opposes\u2019 UK nationalisation of British Steel<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">2<\/span><\/p>\n<article id=\"abe-2910307-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2910307\" data-cid=\"9840267\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Does your salary buy as much as five years ago? Europe compared<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">3<\/span><\/p>\n<article id=\"abe-2910544-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2910544\" data-cid=\"9841581\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Diesel and petrol prices to jump sharply next week<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">4<\/span><\/p>\n<article id=\"abe-2908815-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2908815\" data-cid=\"9833282\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Holiday prices in Europe: Which country is cheapest?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">5<\/span><\/p>\n<article id=\"abe-2907892-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2907892\" data-cid=\"9828224\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Dubai&#8217;s new startup campus wants to be the front door for founders<br \/>\n  <\/h3>\n<div class=\"the-media-object__quote\">Partner content presented by <strong>Dubai Chamber of Digital Economy<\/strong><\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-3\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2910528-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910528\" data-cid=\"9841394\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910528-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/13\/94\/480x270_cmsv2_55d6ea8b-bce5-5e4f-b16e-3a2a2986d0d8-9841394.jpg\" loading=\"lazy\" alt=\"President Donald Trump holds up an image taken from his File - Truth Social account at an event about coal, on 4 June 2026, in the Oval Office of the White House in Washington\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Trump Media to sell faster access to key market-moving social posts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910492-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910492\" data-cid=\"9841210\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910492-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/12\/10\/480x270_cmsv2_5aeb9226-e683-5412-a367-4743694bb647-9841210.jpg\" loading=\"lazy\" alt=\"File - A Save our Steel sticker is pictured on the helmet of a worker at one of the Blast Furnaces at British Steel&apos;s steelworks site in Scunthorpe, England. 15 April 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    China \u2018firmly opposes\u2019 UK nationalisation of British Steel<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910050-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910050\" data-cid=\"9838928\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910050-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/89\/28\/480x270_cmsv2_d89047fc-3ed3-5c1d-b36f-6e40d7a909ff-9838928.jpg\" loading=\"lazy\" alt=\"File - An aircraft of Emirates airlines flies past the moon after the start at the airport in Frankfurt, Germany, Wednesday, 5 April 2023. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    The world&#8217;s most profitable airlines: Record earnings collide with war<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910593-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910593\" data-cid=\"9841732\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910593-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/17\/32\/320x180_cmsv2_1fb5ed8a-5739-56a2-bb23-f1c8323dbe6a-9841732.jpg\" loading=\"lazy\" alt=\"File - The UniCredit bank logo is seen on the bank&apos;s headquarters in downtown Milan, Italy, Sunday, 5 October 2008 \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EU unveils banking reforms to unlock billions in investment<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910528-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910528\" data-cid=\"9841394\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910528-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/13\/94\/320x180_cmsv2_55d6ea8b-bce5-5e4f-b16e-3a2a2986d0d8-9841394.jpg\" loading=\"lazy\" alt=\"President Donald Trump holds up an image taken from his File - Truth Social account at an event about coal, on 4 June 2026, in the Oval Office of the White House in Washington\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Trump Media to sell faster access to key market-moving social posts<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910492-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910492\" data-cid=\"9841210\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910492-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/12\/10\/320x180_cmsv2_5aeb9226-e683-5412-a367-4743694bb647-9841210.jpg\" loading=\"lazy\" alt=\"File - A Save our Steel sticker is pictured on the helmet of a worker at one of the Blast Furnaces at British Steel&apos;s steelworks site in Scunthorpe, England. 15 April 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    China \u2018firmly opposes\u2019 UK nationalisation of British Steel<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910307-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910307\" data-cid=\"9840267\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910307-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/02\/67\/320x180_cmsv2_14005598-d579-5cef-be0a-9f3047de33a1-9840267.jpg\" loading=\"lazy\" alt=\"Real wages in Europe.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Does your salary buy as much as five years ago? Europe compared<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910050-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910050\" data-cid=\"9838928\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910050-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/89\/28\/320x180_cmsv2_d89047fc-3ed3-5c1d-b36f-6e40d7a909ff-9838928.jpg\" loading=\"lazy\" alt=\"File - An aircraft of Emirates airlines flies past the moon after the start at the airport in Frankfurt, Germany, Wednesday, 5 April 2023. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    The world&#8217;s most profitable airlines: Record earnings collide with war<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910492-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2910492\" data-cid=\"9841210\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    China \u2018firmly opposes\u2019 UK nationalisation of British Steel<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910307-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2910307\" data-cid=\"9840267\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Does your salary buy as much as five years ago? Europe compared<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910544-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2910544\" data-cid=\"9841581\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Diesel and petrol prices to jump sharply next week<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908815-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2908815\" data-cid=\"9833282\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Holiday prices in Europe: Which country is cheapest?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907892-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2907892\" data-cid=\"9828224\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Dubai&#8217;s new startup campus wants to be the front door for founders<br \/>\n  <\/h3>\n<div class=\"the-media-object__quote\">Partner content presented by <strong>Dubai Chamber of Digital Economy<\/strong><\/div>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">No asset manager had ever crossed the $15 trillion (\u20ac13tn) threshold before BlackRock confirmed the milestone in results published on Wednesday.The rise was driven by market gains and new client money.Clients handed the New York-based giant a net $192 billion (\u20ac167bn) in the second quarter of 2026, capping a record first half in which inflows reached $321 billion (\u20ac280bn), more than double the same period a year earlier.To illustrate the sheer scale of BlackRock\u2019s assets under management, the firm manages more money than the projected nominal annual economic output of every country except the US and China, and nearly three times that of Germany.However, assets under management represent a stock of investments, while GDP measures economic output over a year.The surge in assets came during a quarter that was lucrative too.According to BlackRock&#8217;s second-quarter earnings release, revenue climbed 31% year on year to $7.1 billion (\u20ac6.2bn), while adjusted earnings per share reached $13.91, comfortably beating expectations.BlackRock shares jumped about 7% on the day of the release.&#8221;Market fundamentals are strong and well supported, with higher margins and earnings momentum catalysed by new technology,&#8221; CEO Larry Fink said in a statement.&#8221;Our momentum is accelerating, and I&#8217;ve never been more optimistic about the growth ahead,&#8221; Fink added.Where the trillions actually sitThe first thing to understand is that this is not BlackRock&#8217;s money.It is the pooled savings of pension funds, insurers, governments and ordinary investors, which the firm manages for a fee. Most of the money is invested in shares.Equities account for $8.9 trillion (\u20ac7.7tn), or 58% of the total.Bonds and other fixed-income investments make up a further $3.4 trillion (\u20ac2.9tn), or 22%. Multi-asset strategies that combine different investments hold $1.3 trillion (\u20ac1.1tn), or 9%, while cash-management products, such as Treasury bills, account for another $1.1 trillion (\u20ac960bn), or 7%of the total.The headline-grabbing alternative investments, including infrastructure, private credit, private equity and property remain a sliver at $449 billion, roughly 3% of assets, but they generate about 15% of BlackRock\u2019s base fees.Commodity and currency products hold $152 billion (\u20ac132bn), while crypto-linked funds, launched in 2024, manage about $49 billion (\u20ac42bn).The way the money is invested matters as much as the asset mix.Some 41% of the total sits in exchange-traded funds (ETFs). Fink noted that the iShares ETF range crossed $6 trillion during the quarter, roughly double its size three years ago.Ports, pensions and politicsBlackRock\u2019s scale has increasingly brought it into deals with geopolitical implications. The dispute over ports at either end of the Panama Canal is one of the clearest recent examples.After US President Donald Trump claimed China was effectively running the waterway, Hong Kong&#8217;s CK Hutchison agreed in March 2025 to sell 43 ports, including terminals at either end of the canal, to a consortium led by BlackRock. The proposed deal was valued at $22.8 billion (\u20ac19.9bn) and welcomed by Washington as a step towards restoring US influence over the ports.Beijing objected and pressed for state-owned Cosco to be included. The sale has yet to be completed.Panama meanwhile annulled Hutchison&#8217;s canal concessions in February, handing interim operations to Maersk and MSC, whose terminals arm counts BlackRock&#8217;s infrastructure unit GIP among its shareholders, while talks on the wider portfolio continue.Meanwhile, Panama\u2019s Supreme Court annulled Hutchison\u2019s concessions to operate container terminals at either end of the Panama Canal in January. The government transferred interim control of the ports to Maersk and MSC in February, while talks over the wider portfolio continued. BlackRock\u2019s infrastructure business, Global Infrastructure Partners, is a shareholder in MSC\u2019s ports division.Larry Fink&#8217;s proximity to the White House was on display again in May, when he travelled to Beijing as part of the corporate delegation accompanying Trump during his meeting with Chinese President Xi Jinping.Fink joined chief executives including Tesla&#8217;s Elon Musk and Apple&#8217;s Tim Cook on a visit dominated by trade and technology.The firm&#8217;s reach extends into American retirement policy as well.An executive order signed by Trump last year directed regulators to broaden access to private-market assets through the country&#8217;s 401(k) pension plans. BlackRock had championed the shift and stands to benefit as it develops private-market products for retirement savers, which typically carry higher fees than index funds.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/07\/17\/blackrock-tops-15tn-where-does-the-worlds-largest-asset-manager-put-it-all&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/84\/14\/63\/1200x675_cmsv2_ada1aa86-625c-50f3-ac7f-678db575e6fe-9841463.jpg&#8221;] China China rejects Trump&#8217;s election interference accusations Culture news Athens Photo Festival: A polyphonic celebration of photography Tech News Your phone is destroying your thumbs \u2014 and here&#8217;s how to stop it Europe News Rule of Law in Hungary shows \u2018radical change\u2019 under Magyar, EU says China China rejects Trump&#8217;s election interference [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2048377","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2048377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2048377"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2048377\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2048377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2048377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2048377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}