Breaking News: Europe
Bank of England keeps rates on hold at 3.75% as Iran war shakes outlook
The Bank of England (BOE) in the City of London, UK, on Monday, Dec. 15, 2025. Bloomberg | Bloomberg | Getty Images The Bank of England voted to keep its key interest rate on hold at 3.75% on Thursday, as widely expected by economists, as the Iran war continues to pose a dilemma for policymakers. […]
Read More
Euro zone inflation jumps to 3% as economic growth almost stalls
Inflation in the euro zone eased in the last two months of 2022 but the economic indicator is still well-above the 2% mandate of the European Central Bank. Jeff Greenberg | Universal Images Group | Getty Images The euro zone economy expanded by a meager 0.1% in the first quarter of the year, preliminary data […]
Read More
Shares of Jeep maker Stellantis fall more than 7% after first-quarter results
The all-new 2026 Jeep Cherokee Hybrid is on display during the 2025 Los Angeles Auto Show at the Los Angeles Convention Center on November 23, 2025 in Los Angeles, California. Josh Lefkowitz | Getty Images News | Getty Images Shares of auto giant Stellantis fell sharply on Thursday after the company reported a near tripling […]
Read More
Volkswagen posts 14% drop in first-quarter profit on tariff pressure, China competition
A Volkswagen logo at the back of an ID.7 electric car at the Volkswagen electric car factory on February 24, 2026 in Emden, Germany. Focke Strangmann | Getty Images News | Getty Images German auto giant Volkswagen on Thursday reported weaker-than-expected first-quarter profit, citing higher U.S. tariffs and intensifying competition from Chinese car brands. Europe’s […]
Read More
United Arab Emirates leaving OPEC, effective May 1
Jonathan Raa | Nurphoto | Getty Images The United Arab Emirates announced Tuesday that it will exit OPEC on May 1. “This decision follows a comprehensive review of the UAE’s production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market’s […]
Read More
Oil giant Shell to buy Canada’s ARC Resources for $16.4 billion in push to boost output
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil major Shell on Monday said it agreed a deal to buy Canadian energy company ARC Resources in an output-boosting deal valued at $16.4 billion. The transaction will add roughly 370,000 […]
Read More
Roche CEO laments Swiss franc strength as drugmaker doubles down on U.S. investment
Roche reported falling sales in the first three months of the year, as the strength of the Swiss franc and generic competition for some of its older drugs weighed on the drugmaker. First-quarter sales came in at 14.7 billion Swiss francs ($18.7 billion), down 5% year-on-year — but up 6% on a constant currency basis. […]
Read More
L’Oreal stock pops 8% after ‘impressive’ earnings
Shares of the world’s largest cosmetics company L’Oreal popped as much as 10% after it reported strong growth ahead of expectations after the bell on Wednesday. Organic sales growth in the first quarter was 7.6%, compared to expectations of around 3%, according to analysts. Underlying growth was “very impressive,” said Barclays analysts. “Cosmetics markets growth of […]
Read More
Europe could run out of jet fuel in 6 weeks, IEA chief tells AP
Stock picture of a British Airways plane taking off from London Heathrow Airport. Stefan Rousseau – Pa Images | Pa Images | Getty Images The International Energy Agency’s head warned Thursday that Europe maybe has six weeks left of jet fuel as the airline industry continues to grapple with headwinds due to the Middle East […]
Read More
Luxury stocks fall as Iran war weighs on earnings; Hermes sinks 14%
A woman walks in front of the Gucci store on Fifth Avenue in Trump Tower on February 24, 2021 in New York City. John Smith | Corbis News | Getty Images Luxury stocks tanked early Wednesday after Gucci-owner Kering and Hermes reported first-quarter earnings that disappointed investors amid a conflict in the Middle East that […]
Read More