Breaking News: Europe
Credit Suisse reports quarterly loss, reshuffles management team as litigation costs bite
One of the biggest challenges for Credit Suisse this quarter was litigation costs. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse on Wednesday reported a net loss for the first quarter of 2022 and announced a management reshuffle, as the Swiss lender struggles with litigation costs and the fallout from the Russia-Ukraine […]
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Russia halts gas supplies to Poland; Pentagon chief calls Russia nuclear rhetoric ‘dangerous’
Russia halts gas supplies to Poland as tensions with the West rise 03 March 2022, Russia, St. Petersburg: A flag with the Gazprom logo flies at a branch of the Russian state-owned corporation in St. Petersburg. Igor Russak | Picture Alliance | Getty Images Russia has halted gas supplies to Poland on Wednesday, with supplies […]
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Deutsche Bank posts seventh straight quarter of profit, warns of increasing cost pressures
Bloomberg | Bloomberg | Getty Images Deutsche Bank reported Wednesday a net profit of 1.06 billion euros ($1.13 billion) for the first quarter of the year. Analysts had forecast a figure of 1.01 billion euros for the three-month period, according to data from Refinitiv. On Mar. 11, Deutsche Bank said it would wind down its Russia […]
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UBS beats expectations for the first quarter; continues to reduce Russia exposure
UBS has beat expectations for the first quarter of 2022 and said it has further reduced its exposure to Russia. The Swiss bank on Tuesday reported net profit attributable to shareholders of $2.136 billion, above forecasts compiled by the bank of $1.79 billion. It marks a 17% rise from the $1.82 reported for the same period […]
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The threat of nuclear war is real, top Russian official says; U.S. wants to see Moscow ‘weakened’. Follow our live updates
Risk of nuclear war now ‘very, very significant,’ Russia’s foreign minister says Russian Foreign Minister Sergei Lavrov speaks during a news conference after his talks with Bahrain’s Foreign Minister Abdullatif al-Zayani in Moscow, Russia, April 7, 2022. Alexander Zemlianichenko | Reuters The risks of nuclear war are now very significant and should not be underestimated, […]
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Top U.S. officials visit Ukraine, pledge more military aid and to re-open embassy in Kyiv
U.S. pledges more war funding for Ukraine and plans to re-open embassy in Kyiv U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin arrived in Ukraine to discuss military aid with Ukraine’s President Volodymyr Zelenskyy on Sunday. The visit, which saw the senior U.S. officials meet with Ukraine’s Foreign Minister Kuleba as well […]
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Macron beats far-right rival Le Pen in French presidential election, projections show
If Macron’s win is confirmed then he’ll likely continue his reformist agenda. Louise Delmotte | Getty Images News | Getty Images France’s Emmanuel Macron looks set to comfortably beat his far-right rival Marine Le Pen in Sunday’s election, securing a second term as president on his pro-business and pro-EU agenda. Centrist Macron of the La […]
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Russia’s invasion of Ukraine enters third month; senior U.S. government officials due in Kyiv
Russia continuously shelling Mariupol, Ukraine presidential advisor says Mykhailo Podolyak, a presidential advisor in Ukraine, says Russia continues to shell the besieged city of Mariupol and has called for a “real Easter truce.” “Russia is continuously attacking the Mariupol Azovstal. The place where our civilians and military are located, is shelled with heavy air bombs […]
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Zelenskyy says Ukraine invasion only the beginning; another apparent mass grave found near Mariupol
Evacuations from Mariupol to start at midday, deputy PM says Iryna Vereshchuk, Ukraine’s deputy prime minister, said Saturday that evacuations from the besieged city of Mariupol would commence at midday local time if all went to plan, according to Reuters. “Today, we again will be trying to evacuate women, children and the elderly,” she said […]
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Carlos Ghosn says he would face fair trial in France, suggests timing of arrest warrant ‘suspicious’
Carlos Ghosn, former Nissan chief executive officer, is in an ongoing legal battle amid allegations of financial misconduct. Bloomberg | Getty Images Carlos Ghosn has said he would receive a “fair trial” in France after being issued an arrest warrant in the latest of a string of charges brought against the disgraced former auto executive. […]
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