Breaking News: Europe
Kering shares plunge 12% after Demna Gvasalia named as Gucci’s artistic director
A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty Images Shares of Kering plunged on Friday after the company announced that Demna Gvasalia would take the reins as new artistic director of its ailing Gucci fashion line. Gvasalia, known as […]
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European markets higher despite global trade uncertainty
Deutsche Bank names autos as ‘growing risk’ for its portfolio Deutsche Bank flagged autos as a “growing risk” for its portfolio that is being “monitored closely given the challenging economic environment in Europe, Electric Vehicles (EV) transition and competition in China,” Germany’s largest lender said in its annual report out Thursday. Europe’s auto sector now […]
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Trump’s approach to Ukraine could be ‘very worrying’ for Russia’s neighbors, former UK PM Cameron says
British Foreign Secretary David Cameron speaks during a joint press conference with Albanian Prime Minister after a meeting in Tirana, on May 22, 2024. Adnan Beci | Afp | Getty Images Former U.K. Prime Minister David Cameron on Thursday said he is fearful that U.S. President Donald Trump’s approach to securing peace in Ukraine could […]
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Rheinmetall sales surge 36% in 2024, as company forecasts ‘major’ military order boom
Rheinmetall MAN Military Vehicle drives on the road on Nov. 20, 2024, in Donetsk Oblast, Ukraine. Yan Dobronosov | Global Images Ukraine | Getty Images German arms maker Rheinmetall on Wednesday said it expects 2025 sales to jump by 25-30% this year, amid expectations of “major high-volume orders from military customers” that could gain a […]
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European markets rally as U.S. inflation rises less than expected, EU retaliates to Trump’s tariffs
U.S. inflation rate hits 2.8% in February, less than expected Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a wide-ranging measure of costs across […]
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Inditex shares sink 7% as Zara owner points to sales slowdown
Zara owner Inditex on Wednesday posted a year-on-year rise in fourth-quarter sales that met expectations, even as the retailer pointed to a slowdown in demand at the start of the year. The Spanish retailer reported revenues of 11.21 billion euros [$12.2 billion] in the three-month period, matching the 11.2 billion euros forecast by LSEG analysts and […]
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We ‘must act’: Europe retaliates against Trump’s 25% tariffs on steel and aluminum imports
Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. Fabian Bimmer | Reuters The European Union has reacted swiftly to U.S. President Donald Trump’s 25% tariffs on steel and aluminum imports that came into effect Wednesday, retaliating with their own punitive counter-measures […]
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European markets open lower; Novo Nordisk, Novartis retreat
European markets opened lower on Tuesday as global markets buckle amid anxiety that the U.S. economy will suffer because of President Donald Trump’s trade tariff policies. The pan-European Stoxx 600 index was around 0.2% lower shortly after the opening bell, with the U.K.’s FTSE 100 down 0.2%, while France’s CAC 40 was up 0.3%, and […]
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Novo Nordisk shares fall 6.3% after latest trial results for its next-generation weight loss drug
Medical bottles and syringe are seen with Novo Nordisk logo displayed on a screen in the background. Nurphoto | Nurphoto | Getty Images Shares of Novo Nordisk fell on Monday, after the Danish pharmaceutical giant said its next-generation weight-loss drug CagriSema helped obese or overweight adult patients with type 2 diabetes drop 15.7% of their […]
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European markets to start new trading week on a positive note, trying to shake off recent volatility
European markets are expected to see a positive start to the new trading week after recent global market uncertainty and volatility. The U.K.’s FTSE 100 index is expected to open 32 points higher at 8,711, Germany’s DAX up 58 points at 23,092, France’s CAC 58 points higher at 8,170 and Italy’s FTSE MIB 186 points higher […]
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