Breaking News: Europe
European Union votes to impose tariffs on Chinese electric vehicles
Employees work on an electric vehicle (EV) production line at the Leapmotor factory in Jinhua, China’s eastern Zhejiang province on September 18, 2024. Adek Berry | Afp | Getty Images The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs). “Today, the European Commission’s proposal to impose definitive countervailing […]
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Euro zone inflation falls to 1.8% in September, below the European Central Bank’s 2% target
Visitors pass shops on a pedestrianized street in the old town in A Coruna, Spain, on Thursday, Sept. 26, 2024. Manaure Quintero | Bloomberg | Getty Images Euro zone inflation fell to 1.8% in September, coming in below the European Central Bank’s 2% target, flash data from statistics agency Eurostat showed Tuesday. The reading was […]
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Rupert Murdoch’s property group REA ends chase to buy Rightmove after multiple rejected offers
Rupert Murdoch at his annual party at Spencer House, St James’ Place in London. Picture date: Thursday June 22, 2023. Victoria Jones | Pa Images | Getty Images LONDON — Rupert Murdoch’s Australian property firm REA Group said Monday it would no longer seek to buy the U.K.’s Rightmove after the property portal rejected a fourth […]
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German inflation drops to 1.8% in September, below expectations
Shoppers at the Alexanderplatz in Berlin, Germany, on Wednesday, Sept. 25, 2024. Krisztian Bocsi | Bloomberg | Getty Images The harmonized German consumer price index eased to 1.8% in September, coming in lower than expected, preliminary data from the country’s statistics office Destatis showed on Monday. The September harmonized CPI figure had been forecast to come […]
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Dodge-maker Stellantis and Aston Martin drop sharply after profit warnings amid China woes
The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021. Jeff Kowalsky | Afp | Getty Images Stocks of European carmakers hemorrhaged early on Monday as Stellantis and British luxury brand Aston Martin issued profit warnings, citing broader industry challenges and difficulties in the world’s […]
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European shares surge to fresh record highs as luxury giants rally on China stimulus
Krisztian Bocsi | Bloomberg | Getty Images LONDON — European markets were higher Friday, tracking gains in China on news of a stimulus blitz, while investors also weighed fresh inflation data. The pan-European Stoxx 600 was 0.3% higher at around 11:50 a.m. London time, with most sectors and major bourses in positive territory. Autos and […]
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French inflation cools more than expected in September as energy prices, transport costs decline
A woman takes a selfie photo, with the Eiffel Tower in the background, at Surcouf street in Paris, on July 23, 2024, ahead of the Paris 2024 Olympic Games. Mauro Pimentel | Afp | Getty Images France’s harmonized inflation rate fell sharply in September, preliminary data from the National Institute of Statistics and Economic Studies […]
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Swiss central bank cuts rates by a quarter point in third trim this year
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to 1.0%. The trim, […]
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H&M shares tumble 7% on profit miss and scrapped margin target
The logo of Swedish clothing retailer H&M hangs over one of its stores on March 28, 2018 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Shares of H&M tumbled 7% on Thursday after the world’s second-largest listed fashion retailer posted a miss on operating profit and abandoned its earnings margin target. […]
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Britain’s finance minister calls for spending discipline but no return to austerity
Rachel Reeves, Chancellor of the Exchequer, speaks to the media ahead of her keynote speech during the Labour Party Conference 2024 at ACC Liverpool on September 23, 2024 in Liverpool, England. Ian Forsyth | Getty Images News | Getty Images Liverpool, ENGLAND — U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not […]
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