Breaking News: Europe
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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Zelenskyy says battle for Severodonetsk may determine fate of east Ukraine; Russian forces targeting south of Izium
Russian forces control most of Severodonetsk, regional governor says People wait to be evacuated in Lysychansk in eastern Ukraine on June 8, 2022. Anadolu Agency | Anadolu Agency | Getty Images Russian forces are in control of most of the city of Severodonetsk in eastern Ukraine and are heavily shelling the nearby city of Lysychansk, […]
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Coming winter will be ‘the most difficult’ for Ukraine, Zelenskyy says; 1,000 Mariupol fighters reportedly sent to Russia. Follow our live updates
More than 1,000 Mariupol fighters have been sent to Russia, report suggests A screen grab taken from a video released by Russian Defense Ministry shows Ukrainian soldiers being evacuated from the Azovstal steel plant in the port city of Mariupol, Ukraine, on May 17, 2022. Russian Defence Ministry handout | Anadolu Agency | Getty Images […]
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Ukraine retakes parts of Severodonetsk amid brutal street fighting; Zelenskyy mourns ‘dead cities’. Follow our live updates
Zelenskyy mourns Ukraine’s ‘dead cities’ Ukrainian President Volodymyr Zelenskyy decried what he called Ukraine’s “dead cities,” once centers of life now almost entirely destroyed by Russian bombardment. He was referring to Severodonetsk and Lysychansk, crucial remaining holdouts in the country’s east that Russian forces have almost entirely captured and that are key in Moscow’s aims […]
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UK PM Boris Johnson narrowly survives confidence vote triggered by lawmakers in his own party
British Prime Minister Boris Johnson was booed by crowds as he entered St Paul’s Cathedral on June 3 for the National Service of Thanksgiving to celebrate the Platinum Jubilee of Queen Elizabeth II. Wpa Pool | Getty Images Entertainment | Getty Images LONDON — U.K. Prime Minister Boris Johnson has survived a vote of confidence […]
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European markets close higher as mining stocks lead gains; Just Eat Takeaway shares up 12%
LONDON — European stocks advanced on Monday as international markets gear up for key U.S. data releases, including the latest inflation reading. The pan-European Stoxx 600 provisionally ended up 1%, with mining stocks climbing 2.7% to lead gains as most sectors and major bourses closed in positive territory. Just Eat Takeaway shares jumped around 12% […]
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UK Prime Minister Boris Johnson to face vote of confidence on Monday
Johnson is set to be fined by police for breaching Covid-19 lockdown regulations. Wpa Pool | Getty Images News | Getty Images The U.K.’s Prime Minister Boris Johnson will face a vote of confidence later on Monday amid increasing dissatisfaction in his leadership. To trigger a vote of confidence, 15% of Conservative lawmakers (or 54 […]
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