Breaking News: Europe
Luxury stocks fall as Iran war weighs on earnings; Hermes sinks 14%
A woman walks in front of the Gucci store on Fifth Avenue in Trump Tower on February 24, 2021 in New York City. John Smith | Corbis News | Getty Images Luxury stocks tanked early Wednesday after Gucci-owner Kering and Hermes reported first-quarter earnings that disappointed investors amid a conflict in the Middle East that […]
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Chip giant ASML raises 2026 guidance as AI semiconductor demand stays strong
ASML raised its sales forecast for 2026 after it beat first-quarter revenue and profit expectations, driven by continued demand for chips related to AI. Here’s how ASML did versus LSEG consensus estimates for the first quarter: Net sales: 8.8 billion euros ($10.4 billion) versus 8.5 billion euros expected Net profit: 2.8 billion euros versus 2.5 […]
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Novo Nordisk partners with OpenAI as AI drug discovery hopes mount
People walk past a sign for Novo Nordisk’s annual general meeting at the entrance to the venue in Copenhagen, Denmark, March 26, 2026. Tom Little | Reuters Novo Nordisk is partnering with OpenAI to “bring new and better treatment options to patients faster,” the Danish drugmaker said Tuesday. The partnership will enable Novo to better […]
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LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war
A Louis Vuitton bag is displayed at the LVMH Moet Hennessy Louis Vuitton stand during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. Benoit Tessier | Reuters Luxury conglomerate and industry bellwether LVMH reported quarterly sales that missed expectations on Monday as […]
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Universal Music set for takeover by Bill Ackman’s Pershing Square
Bill Ackman’s Pershing Square said Tuesday it is planning to buy Universal Music Group in a cash and stock deal. UMG will form a newly merged company with Pershing Square and list on the New York Stock Exchange, according to the terms of the transaction, which is expected to close by the end of the […]
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Trump address live updates: President to speak on Iran tonight
Iran’s president slams U.S. ‘aggression’ in letter aimed at American people Iranian President Masoud Pezeshkian looks on as he attends a press conference with Emir of Qatar Sheikh Tamim bin Hamad Al Thani (not pictured), in Tehran, Iran. February 19, 2025. Majid Asgaripour | Via Reuters Iranian President Masoud Pezeshkian, in a letter Wednesday addressed to […]
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Trump lashes out at UK and France, telling allies ‘the U.S.A won’t be there to help you anymore’
U.S. President Donald Trump speaks during the Future Investment Initiative (FII) Summit in Miami Beach, Florida, on March 27, 2026. Mandel Ngan | AFP | Getty Images President Donald Trump has warned the U.K. and France that the “U.S.A. won’t be there to help you anymore,” as he vented his frustration over the close allies’ […]
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Euro zone inflation smashes through ECB target to 2.5% in March as energy costs soar
Natural gas burners on a gas stove are seen in Rzeszow, Poland, on December 28, 2025. Nurphoto | Nurphoto | Getty Images Inflation in the euro zone jumped to 2.5% in March, according to the latest preliminary figures from Eurostat on Tuesday. Euro zone inflation was up from 1.9% in February and jumped well ahead […]
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Russian oil tanker reportedly arrives in Cuba after Trump softens approach to U.S. blockade
An old Soviet-era Lada car drives past a truck belonging to a private Cuban company (mipyme) parked in front of a gas station with an IsoTank of imported fuel in Havana on March 19, 2026. Adalberto Roque | Afp | Getty Images A Russian oil tanker carrying a humanitarian shipment of 100,000 tons of crude […]
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Israel says it has killed Iran naval chief overseeing Strait of Hormuz blockade
FILE PHOTO: In this photo released by the Iranian Presidency Office, President Ebrahim Raisi waves as he visits an exhibition of the Revolutionary Guard navy capabilities while accompanied by the guard’s navy commander Alireza Tangsiri, in the southern port city of Bandar Abbas, Iran, Friday, Feb. 2, 2024. Iranian Presidency Office | AP Israel’s Defense […]
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