Month: October 2024
Euro zone inflation falls to 1.8% in September, below the European Central Bank’s 2% target
Visitors pass shops on a pedestrianized street in the old town in A Coruna, Spain, on Thursday, Sept. 26, 2024. Manaure Quintero | Bloomberg | Getty Images Euro zone inflation fell to 1.8% in September, coming in below the European Central Bank’s 2% target, flash data from statistics agency Eurostat showed Tuesday. The reading was […]
Read MoreJapan’s new Prime Minister Ishiba unveils cabinet ahead of snap election
TOKYO, JAPAN – SEPTEMBER 06: Japanese former Defense Minister Shigeru Ishiba speaks during a press conference at the Foreign Correspondents’ Club of Japan on September 06, 2024 in Tokyo, Japan. Ishiba and former Environment Minister Shinjiro Koizumi are the front runners in the race of the upcoming presidential election for the ruling Liberal Democratic party […]
Read MoreAbu Dhabi’s ADNOC to acquire German chemicals firm Covestro for $16.4 billion
Covestro’s headquarters in Leverkusen, Germany. The company has adjusted its full year guidance for 2022, citing a number of factors. Ina Fassbender | AFP | Getty Images Abu Dhabi’s state-owned oil firm ADNOC on Tuesday said it has agreed to buy German chemicals firm Covestro for 14.7 billion euros ($16.4 billion). ADNOC, short for the […]
Read MoreLondon-based Robinhood rival Freetrade buys UK arm of Australian investing platform Stake
Key Points British retail investing app Freetrade has entered into an agreement with Australian rival Stake to take on all of the company’s U.K. clients and their assets, Freetrade told CNBC Tuesday. Sydney-based Stake launched its services in the U.K. in 2020, however the firm has decided to focus primarily on its Australia and New […]
Read MoreChinese EV brands Li Auto and Zeekr report record deliveries for September
A Li L6 by Li Auto is displayed at its booth during the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. Tingshu Wang | Reuters BEIJING — Chinese new energy vehicle brands Li Auto and Zeekr each delivered a record number of cars in September, according to company data […]
Read MoreEuropean markets kick off October trading on a high note; euro zone inflation data in focus
A shopping street in Steglitz district, Berlin, Germany. Getty Images LONDON — European stocks kicked off October trading in positive territory after ending September on a somber note. The pan-European Stoxx 600 was up 0.2% in opening trade, with sectors and major bourses diverging. Tech and travel and leisure stocks led gains, both up 0.44%, […]
Read MoreRobinhood launches crypto transfers in Europe as it pushes overseas expansion
Key Points Retail investing platform Robinhood announced that it’s offering customers in Europe the ability to transfer cryptocurrencies in and out of its app. The company is looking to broaden its product capabilities in the region as it ramps up its international expansion. The company said that it’ll allow customers in the European Union to […]
Read MoreCybersecurity firm Proofpoint considers pre-IPO funding as it plots a return to public markets
Sumit Dhawan, CEO of Proofpoint, took the reins as head of the cybersecurity company in 2022, a year after it was acquired by Thoma Bravo for $12.3 billion. He’s been pushing the firm to consider strategic opportunities such as mergers and acquisitions of smaller cybersecurity players to boost the company’s market expansion and stimulate industry […]
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