Delta4x4 created an off-road capable Tesla Model 3 built to drive through the wilderness in Norway. The upgrades include new all-terrain tires, new wheels, and a body lift kit. The lift kit costs around $568, while the new 18-inch wheels and tires are about $1,775, although the latter price jumps to $2,958 with Klassic B wheels. Visit Business Insider's homepage for more stories. Germany-based Delta4x4 has created an off-road capable Tesla Model 3 built to traverse the wilderness in Norway. The company was founded in Bavaria, Germany in 1980 by Josef Loder, the son of a Ford dealer, and two of his...

European banks are set to face credit losses of as much as 800 billion euros ($947 billion) in the next three years in a worst-case scenario, according to an Oliver Wyman report. In case the region is not hit by a second COVID-19 wave, a sharp rise in unsecured loan losses might still cost banks in Europe about 400 billion euros ($473 billion), the report said. "The pandemic is unlikely to cripple the European banking sector, however many banks will be pushed into a 'limbo state', with very weak returns," said Oliver Wyman's co-head of EMEA financial services. Visit Business Insider's homepage...

France posted a nearly 14% decline in output, a third consecutive quarterly drop for the economy, and the worst three month fall in history, according to data released Friday. Although things were expected to be worse as economists predicted a decline of 15.2%, the second-quarter figures reflect the painful economic state that the COVID-19 outbreak left France in. France's "negative developments in the first half of 2020 is linked to the shut-down of 'non-essential' activities in the context of the implementation of the lockdown between mid-March and the beginning of May," the country's statistics agency said. In other parts of Europe, Germany posted...

Germany's economy saw a sharp 10% drop in the second quarter of 2020, the worst quarterly GDP contraction since records began in 1970. Germany's record decline reflected the impact of an economic plunge across areas including trade, consumer spending, and investment.  Unemployment remains a concern with jobs in the country's major airlines and automotive sectors at high risk. Fears are growing over an expected COVID-19 second wave with an influx of tourists and reopening of businesses. Visit Business Insider's homepage for more stories. Europe's biggest economy slumped the most since 1970, with GDP declining 10% in the second quarter, the country's statistics...

Some European economies are picking up from coronavirus-led recessions earlier in the year as they loosen lockdown restrictions and reopen businesses, a set of business surveys showed. IHS Markit's Composite Purchasing Managers' Index showed significant improvements in both manufacturing and service sectors in July for the UK, France, Germany, and the wider Eurozone. Output across the euro area grew at the fastest rate in over two years as economies reopened, Chris Williamson, IHS Markit's chief economist commented. An economist at UBS Wealth Management said a key area to watch out for in the months ahead will be the labour market as firms report...

One of the UK's largest market trading platforms, IG, saw a massive spike in active users and revenue amid a boom in day-trading, and higher market volatility during the pandemic. The trading platform added close to 100,000 new users in the fiscal year 2020, a 34% rise from the previous year. It also saw average daily trade volumes exceed 1 million in March, up from an average of only 336,000 in the same month in 2019. IG's annual pre-tax profits jumped 52% to $374 million, it said. Visit Business Insider's homepage for more stories. IG Group, one of the UK's biggest retail trading...