Breaking News: Europe
UK inflation surges to hotter-than-expected 3.5% in April
A customer looks at goods on a shelf in a supermarket on January 15, 2025 in London, England. Dan Kitwood | Getty Images News | Getty Images The U.K.’s annual inflation rate hit 3.5% in April, coming in above analyst expectations, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists […]
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European stocks look set to build momentum after lackluster start to the week
Swiss Life first-quarter income jumps Insurer Swiss Life said in a trading update on Tuesday that its fee income rose 3% year on year in the first quarter of 2025, reaching 659 million Swiss francs ($791 million). Its premiums also rose by 6% from the previous year to 7.9 billion Swiss francs. The company said […]
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UK government borrowing costs jump, sterling rallies as Britain and EU agree to reset relations
U.K. bond yields rise after UK-EU deal British government bond yields are also on the rise in the wake of the EU and the U.K. agreeing to reset their post-Brexit relations. Yields on 10-year U.K. government bonds, known as gilts, were up by around 7 basis points at 9:58 a.m. in London. Bond yields and […]
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UK and European Union agree to post-Brexit reset deal, sources tell CNBC
Britain’s Prime Minister Keir Starmer and European Commission president Ursula Von der Leyen at the European Political Community summit, in Tirana on May 16, 2025. Leon Neal | Afp | Getty Images The U.K. and European Union finally agreed to reset relations Monday, sources told CNBC, after Britain’s acrimonious exit from the European bloc in […]
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Novo Nordisk CEO to step down as competition weighs on Wegovy maker’s share price
Novo Nordisk CEO Lars Jorgensen testifies before a Senate Health, Education, Labor, and Pensions Committee hearing on U.S. prices for the weight loss drugs Ozempic and Wegovy, on Capitol Hill in Washington, U.S., September 24, 2024. Piroschka Van De Wouw | Reuters Novo Nordisk CEO Lars Fruergaard Jørgensen is stepping down, the Wegovy-maker said Friday, […]
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UK economy grows by faster-than-expected 0.7% in first quarter: Live updates
Enjoy the moment UK: Economists don’t think robust growth is here to stay Ye Grapes pub Shepherd Market in the exclusive area of Mayfair on 9th May 2025 in London, United Kingdom.es) Mike Kemp | In Pictures | Getty Images The U.K.’s robust and better-than-expected economic performance will be cheered by the country’s leadership in […]
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European stocks open in positive territory as trade uncertainty lingers; Munich Re drops 5%
German reinsurers take 1.4-billion-euro hit from LA wildfires German reinsurers posted losses of more than a billion euros on the back of the Los Angeles wildfires. Munich Re, the world’s largest reinsurance company, said it took a loss of about 800 million euros ($889 million) in the first quarter of 2025 due to the wildfires […]
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European stocks close higher after U.S.-China deal to cut tariffs
European stocks close higher European stocks closed higher Monday following news that the U.S. and China had reached an agreement to cut tariffs. The Stoxx 600 climbed 1.1% with mining stocks rallying nearly 5% to lead the gains. The U.K.’s FTSE 100 was 0.6% higher as France’s CAC 40 moved up 1.4% and Germany’s DAX climbed […]
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Saudi oil giant Aramco posts 5% dip in first-quarter profit on weaker crude prices
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi Aramco’s first-quarter net profit fell 5% year-on-year amid lower oil prices and production. Net income for the three months to March 31 came in […]
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Europe stocks set to rise as investors look ahead to U.S.-China trade talks in Switzerland
European stock market futures point to a positive start after the U.K. and U.S. confirmed a trade agreement, and investors look ahead to the U.S.-China trade negotiations set to begin this weekend. The pan-European Stoxx Europe 600 index is expected to open higher by 0.3%, according to futures data from FactSet. The U.K.’s FTSE 100 […]
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