Breaking News: Europe
European stocks close lower as UK inflation hits 40-year high; Stoxx 600 down 1.1%
LONDON — European stocks closed lower on Wednesday as fears over inflation rattled markets on either side of the Atlantic. Stock picks and investing trends from CNBC Pro: Global markets have remained bogged down by fears of aggressive monetary policy tightening and slowing economic growth. Earnings before the bell came from ABN AMRO, Burberry, British […]
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Finland and Sweden formally apply to join the NATO military alliance. Follow our live updates
Finland and Sweden formally applied to join NATO on Wednesday marking another step toward the Western military alliance’s expansion, although the full accession process could take a year and Turkey’s objections need to be overcome. The status of the besieged Azovstal steelworks complex in Mariupol, a heavily-destroyed port city in southern Ukraine, remains unknown with […]
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UK inflation jumps to 40-year high of 9% as food and energy prices spiral
A customer pays for his fruit and vegetables with a ten pound sterling note, at a trader’s market stall in London on May 12, 2022. – Britain’s economy shrank in March on fallout from soaring inflation, increasing the prospect of the country falling into recession. Official first-quarter data on Thursday showed that following solid output […]
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UK confirms plans to change post-Brexit trade rules, risks retaliation from Europe
Truss had previously warned the U.K. would have “no choice but to act” if EU lawmakers do not show the “requisite flexibility” over the protocol. Janine Schmitz | Photothek | Getty Images British Foreign Secretary Liz Truss confirmed on Tuesday that the government intends to introduce legislation to make changes to the Northern Ireland protocol […]
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Soldiers evacuated from besieged Mariupol steelworks; Turkey could block NATO bids from Finland, Sweden
Turkey says it won’t approve Finland, Sweden NATO bids Turkey’s President Tayyip Erdogan holds a news conference during the NATO summit at the Alliance’s headquarters in Brussels, Belgium June 14, 2021. Yves Herman | Reuters Turkey’s President Recep Tayyip Erdogan has reiterated Ankara’s objections to Sweden and Finland joining NATO, saying Turkey will not approve […]
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McDonald’s says it will sell its Russia business after previously pausing operations due to Ukraine war
A view shows a McDonald’s restaurant in Saint Petersburg, Russia March 8, 2022. Anton Vaganov | Reuters McDonald’s said Monday that it would sell its business in Russia, a little more than two months after it paused operations in the country due to its invasion of Ukraine. “The humanitarian crisis caused by the war in […]
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Ukraine can win this war, NATO chief says; Finland and Sweden move to join military alliance rattling Moscow
Ukraine says it’s counterattacking in the east, pushing Russian forces back Ukrainian forces say they have pushed back the Russian military in the region around Kharkiv in northeastern Ukraine, and near the border with Russia. “The 227th Battalion of the 127th Brigade of the Territorial Defense Forces of the Armed Forces of Ukraine of Kharkiv […]
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Finland will apply to join NATO, president says, in a historic move for the neutral country
Finnish President Sauli Niinisto. Frank Augstein | Reuters Finland will apply for membership of NATO, the country’s president said Sunday, in a historic move for the Nordic country, which has had a decades-long policy of military neutrality. In a press conference, President Sauli Niinisto said membership of NATO will “maximize” Finland’s security after Russia’s unprecedented […]
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Russia has lost a third of its original ground force, UK says; NATO official confident on Finland, Sweden
NATO deputy secretary general ‘confident’ on consensus over Finland and Sweden NATO’s deputy secretary general said Sunday that if Finland and Sweden decide to apply to join the military alliance, “will be able to welcome them.” Speaking to reporters as he arrived at the informal meeting of foreign ministers in Berlin, Mircea Geoana said the […]
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Russia says it will act if NATO moves nuclear forces nearer its border; Ukraine makes territorial gains
Russian forces are withdrawing from Kharkiv, Ukraine says Civilians walk past an old checkpoint in Kharkiv, Ukraine, on May 12, 2022. Anadolu Agency | Anadolu Agency | Getty Images Russian forces are withdrawing from the northeastern city of Kharkiv, Ukraine said in an operational update Saturday. “Russian enemy did not conduct active hostilities in the […]
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