Breaking News: Europe
UK economy ekes out 0.1% growth in the third quarter, below expectations
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known […]
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European markets head for mixed open as traders assess Fed’s rate cut path after downbeat inflation data
European markets were heading for a mixed open on Thursday as traders assessed the global inflation outlook and the possible trajectory of central bank rate cuts. The U.K.’s FTSE 100 index is expected to open 24 points higher at 8,041, Germany’s DAX 1 point higher at 18,975, France’s CAC up 12 points at 7,223 and Italy’s […]
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Europe markets decline with U.S. inflation data in focus; Just Eat Takeaway, Siemens Energy soar
European stocks traded slightly lower Wednesday, with global markets focused on upcoming U.S. inflation data. The pan-European Stoxx 600 index was down 0.1% in early deals, with the majority of sectors in negative territory. Shares of Just Eat Takeaway stock soared 20% shortly after the open Wednesday after the company said it had struck a deal to […]
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European markets fall as mining stocks slide; Bayer shares at 20-year lows; Mediobanca down 8%
Infineon sees revenue decline in next fiscal year Semiconductor company Infineon on Tuesday said it was expecting its revenue in its 2025 fiscal year to be slightly lower than that recorded in its 2024 fiscal year, which ended on Sept. 30. The company reported that its revenue in the fiscal year 2024 came in at […]
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Oil giant Shell wins appeal against landmark Dutch climate ruling to slash emissions
Oil storage silos beyond waterlogged land at the Shell Plc Pernis refinery in Rotterdam, Netherlands, on Sunday, Feb. 11, 2024. Bloomberg | Bloomberg | Getty Images A Dutch court on Tuesday dismissed a landmark climate ruling against Shell, after the oil giant was ordered to drastically reduce its global carbon emissions back in 2021. The […]
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Europe markets rally to start the week on a positive note; auto supplier Continental up 7%
There are no winners if Trump imposes universal tariffs, Citi strategist says President-elect Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on Nov. 6, 2024. Jim Watson | AFP | Getty Images Donald Trump’s pledge to impose universal tariffs on all imports into […]
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European markets expected to open in mixed territory after Fed, Bank of England cut interest rates
Cartier owner Richemont posts dip in sales A Cartier store, owned by Richemont, in Shanghai, China, on Wednesday, July 17, 2024. Bloomberg | Bloomberg | Getty Images Swiss luxury group Richemont reported a 1% dip in sales through the six-month period ending in September, citing a challenging macroeconomic backdrop and tougher conditions in China. The […]
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Germany appoints new finance minister as pressure for quick snap elections mounts
Olaf Scholz, Germany’s chancellor, right, speaks with aide Joerg Kukies at the COP27 climate conference at the Sharm El Sheikh International Convention Centre in Sharm El-Sheikh, Egypt, on Monday, Nov. 7, 2022. Islam Safwat | Bloomberg | Getty Images Jörg Kukies was appointed as Germany’s new finance minister on Thursday, as pressure mounts on Chancellor Olaf […]
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European markets trade higher as Trump win settles in; Fed, BoE decisions in focus
Climate change prevention is critical for insurers, CFO says Climate change prevention is becoming far more significant for insurance companies as they face rising losses from destructive weather events, such as hurricanes and floods. Zurich Insurance Group’s Chief Financial Officer Claudia Cordioli told CNBC that the insurer had seen “very severe cat [catastrophe] and weather […]
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German Chancellor Olaf Scholz fires Finance Minister Christian Lindner, leaving ruling coalition in disarray
German Chancellor Olaf Scholz and Finance Minister Christian Lindner in the Bundestag on June 26, 2024 in Berlin, Germany. Michele Tantussi | Getty Images News | Getty Images Chancellor Olaf Scholz announced Wednesday he had dismissed Finance Minister Christian Lindner, possibly bringing an end to Germany’s ruling coalition after months of political wrangling. The three-year-old […]
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