Breaking News: Europe

Germany’s Merz fails to be elected chancellor in shock first-round parliamentary vote
Friedrich Merz, designated Federal Chancellor (CDU), is pictured during the signing of the coalition agreement between the SPD, CDU, and CSU on May 05, 2025 in Berlin, Germany. Florian Gaertner | Photothek | Getty Images Friedrich Merz failed to get the majority needed to become German chancellor in a parliamentary vote Tuesday. Merz needed at […]
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Euro zone inflation unchanged at 2.2% in April, leaving path open for further ECB interest rate cuts
Shoppers buy fresh vegetables, fruit, and herbs at an outdoor produce market under green-striped canopies in Regensburg, Upper Palatinate, Bavaria, Germany, on April 19, 2025. Michael Nguyen/NurPhoto via Getty Images Euro zone inflation was unchanged at 2.2% in April, missing expectations for a move lower, flash data from statistics agency Eurostat showed Friday. Economists polled […]
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Oil major Shell launches $3.5 billion share buyback after first-quarter profit beat
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil giant Shell on Friday reported a sharp fall in first-quarter profit, following a period of weaker crude prices. Shell reported adjusted earnings of $5.58 billion for the first three months […]
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Lars Klingbeil to become Germany’s vice chancellor and finance minister, Social Democratic Party says
Federal SPD Chairman Lars Klingbeil speaks in Trier. Photo by Harald Tittel/picture alliance via Getty Images The Social Democratic Party’s Lars Klingbeil has been tapped to become Germany’s next finance minister in the incoming centrist coalition government, replacing Joerg Kukies, the party announced. Klingbeil has also been selected to assume the vice chancellor position. “The […]
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Germany’s economy expands by 0.2% in the first quarter, in line with expectations
Two German flags fly in front of and on top of the Reichstag building at sunset. Photo by Hannes P Albert/picture alliance via Getty Images Germany’s economy expanded by 0.2% in the first quarter from the previous three-month period, preliminary data showed Wednesday, as U.S. tariff tensions threaten the country’s growth outlook. The figure, released […]
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Volkswagen posts 37% drop in first-quarter profit, says Trump tariffs could weigh on outlook
An American flag flies beyond the Volkswagen logo displayed at a Volkswagen dealership on April 4, 2025 in Pasadena, California. Mario Tama | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday reported a substantial drop in first-quarter profit as the carmaker navigates the disruptive impact of U.S. tariffs on the global […]
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Auto giant Stellantis suspends full-year guidance due to uncertainties over Trump tariffs
Stellantis logo is pictured at one of its assembly plants following a company’s announcement saying it will pause production there, in Toluca, state of Mexico, Mexico, on April 4, 2025. Henry Romero | Reuters Auto giant Stellantis on Wednesday said it was withdrawing its full-year financial guidance due to uncertainties regarding the impact of U.S. […]
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