Breaking News: Europe
European Central Bank to create new tool to address fragmentation risk after bond yields surge
Christine Lagarde, President of the European Central Bank. The central bank scheduled an emergency meeting to address higher bond yields. John Thys | Afp | Getty Images The European Central Bank announced Wednesday that it plans to create a new tool to tackle the risk of euro zone fragmentation, in a move designed to assuage […]
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European Central Bank announces emergency meeting to discuss market rout
Christine Lagarde, President of the European Central Bank. The central bank has scheduled a last-minute meeting amid rising bond yields. Daniel Roland | Afp | Getty Images The European Central Bank announced an unscheduled monetary policy meeting for Wednesday, at a time when bond yields are surging for many governments across the euro zone. “They […]
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Ukraine says delays over weapon supplies ‘cannot be justified’; Russia edges toward taking full control of Severodonetsk
Ukraine says ‘procrastination’ over its need for weapons ‘cannot be justified’ Ukrainian President Volodymyr Zelenskyy attends a joint statement with European Commission President Ursula, as Russia’s invasion of Ukraine continues, in Kyiv, Ukraine June 11, 2022. Valentyn Ogirenko | Reuters Ukraine’s patience over its lack of long-range weapons appears to be wearing thin with Ukrainian […]
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Ukraine must ‘knock out the occupiers,’ Zelenskyy says; Severodonetsk cut off after all bridges destroyed
Risks of a ‘frozen conflict’ rising as Russia makes gains in eastern Ukraine Tanks of pro-Russian troops drive along a street during Ukraine-Russia conflict in the town of Popasna in the Luhansk Region, Ukraine May 26, 2022. Alexander Ermochenko | Reuters As Russia gradually seizes more territory in Ukraine and continues to pound various targets […]
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European stocks slide 2%, bond yields spike as traders fret over a possible recession
LONDON— European stocks tumbled on Monday as investor sentiment was dominated by the prospect of forthcoming interest rate hikes. The pan-European Stoxx 600 fell 2.2% by late morning, with tech stocks and autos shedding 3.8% to lead losses as all sectors and major bourses slid into negative territory. The slump in sentiment in Europe on […]
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Forces battle for ‘every meter’ of Severodonetsk; river crossings could become a major problem for Russia. Follow our live updates
River crossings pose a huge problem for Russia, UK says This photograph taken on April 29, 2022 shows a destroyed railway bridge, over the Siverskyi Donets river, in Raygorodok, eastern Ukraine, amid the Russian invasion of Ukraine. Yasuyoshi Chiba | AFP | Getty Images Russia needs to conduct difficult river crossings to achieve success in […]
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European markets close lower after ECB meeting, U.S. inflation shock; Stoxx 600 down 2.7%
LONDON — European stocks closed lower on Friday as investors reacted to the European Central Bank’s latest policy decisions and a hotter-than-expected U.S. inflation print. The pan-European Stoxx 600 ended the day down 2.7%, with banks shedding 4.9% to lead losses as all sectors and major bourses closed in negative territory. The ECB on Thursday […]
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Russia cuts key interest rate back to prewar level
National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. Maxim Shemetov | Reuters The Central Bank of Russia on Friday cut its key interest rate by 150 basis points to 9.5% — the level it was at when Russia’s invasion of Ukraine began. Although acknowledging that the external environment […]
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Putin appears to hint at further invasions; Zelenskyy says Ukrainian forces holding on in the Donbas
Kremlin struggling to provide basic services to Russian-occupied territories, UK says The ruined seaside city of Mariupol is at risk of a major cholera outbreak, according to the U.K.’s Ministry of Defense. Stringer | Afp | Getty Images Russia is struggling to provide basic public services to the population in Russian-occupied territories, with the ruined […]
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European Central Bank confirms July rate hike plans, raises inflation projections significantly
The European Central Bank faces a tough balancing act, with inflation running at record highs while the war in Ukraine casts a shadow over the growth outlook. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday confirmed its intention to hike interest rates at its policy meeting next month […]
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