Europe's CEOs gather in London

Fortune brought together executives from Mastercard, Ferrari, BlackRock, Shell, Google, and OpenAI at the historic Barber-Surgeons' Hall to explore how Europe can unlock its next phase of growth.

Europe has massive scale but needs growth

Fortune's new 500 Europe list shows the continent's 500 largest companies generated 15.5 trillion dollars in revenue and over 1 trillion in profits, yet CEOs say policy and investment environments must improve to translate that scale into growth.

Green transition becomes competitive weapon

Rather than debating whether decarbonization matters, CEOs focused on turning the green transition into business advantage. German engineering firm GEA Group cut energy consumption by over 50% for a dairy producer by redesigning its machinery.

AI: pragmatism over panic

Business leaders acknowledged risks around autonomous systems and job displacement, but the dominant mood was practical. CEOs wanted regulation that enables innovation rather than prevents it.

Benioff: AI firms must take responsibility

Salesforce CEO Marc Benioff said AI companies should prevent their products from causing harm or face lawsuits under product-liability laws, signaling a shift toward corporate accountability.

“AI companies should keep their products from inflicting harm or face lawsuits under existing product-liability laws.”

AI hyperscalers driving up borrowing costs

Fed Chair Kevin Warsh says AI hyperscalers issued at least 121 billion dollars in bonds in 2025, pushing the 10-year Treasury yield to 5% by competing for capital alongside economic growth and geopolitical factors.

Workers' share of economy hits 1947 low

Labor's share of U.S. nonfarm business income fell to 52.8 to 52.9 percent in the second quarter, its lowest level since 1947. Goldman Sachs estimates 60 percent of the decline since the 1990s reflects higher corporate markups and weaker worker bargaining power.

Global markets mixed after Fed moves

S&P 500 futures rose 0.82 percent after the previous session closed down 0.45 percent. European and Asian markets showed mixed results, with Bitcoin holding at 76 thousand dollars.