France
Michael Jordan’s 23XI Racing team sues NASCAR and CEO Jim France
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing looks on during the NASCAR Cup Series FireKeepers Casino 400 at Michigan International Speedway on August 18, 2024 in Brooklyn, Michigan. Logan Riely | Getty Images Michael Jordan’s NASCAR team, 23XI Racing, and fellow team Front Row Motorsports filed an antitrust lawsuit against NASCAR […]
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European markets kick off October trading on a high note; euro zone inflation data in focus
A shopping street in Steglitz district, Berlin, Germany. Getty Images LONDON — European stocks kicked off October trading in positive territory after ending September on a somber note. The pan-European Stoxx 600 was up 0.2% in opening trade, with sectors and major bourses diverging. Tech and travel and leisure stocks led gains, both up 0.44%, […]
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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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France’s biggest lender says there are ‘too many’ European banks as UniCredit moves on Commerzbank
Key Points BNP Paribas Chief Financial Officer Lars Machenil on Thursday voiced his support for greater integration in Europe’s banking sector. His comments come as Italy’s UniCredit ups the ante on its apparent takeover attempt of Germany’s Commerzbank, while Spain’s BBVA continues to actively pursue its domestic rival, Banco Sabadell. “If I would ask you, how many […]
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European markets open higher despite regional growth concerns
Tourists take pictures under the rain in front of the Eiffel Tower in Paris. Lionel Bonaventure | AFP | Getty Images LONDON — European stocks are expected to open in mixed territory Tuesday as economic uncertainty and concerns over Europe’s growth outlook return to the fore. The U.K.’s FTSE index is expected to open 4 […]
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Europe careens toward a downturn as its biggest economies fight crises at home
Steel worker at the blast furnace tap of the at the Salzgitter AG steelworks on March 02, 2020 in Salzgitter, Germany. Maja Hitij | Getty Images News | Getty Images 107392634Europe looks to be heading toward a downturn as its biggest economies, Germany and France, battle political and economic woes at home. Business activity in […]
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European markets flat as French and German PMIs point to renewed downturn
Customers sit outside at a cafe terrace in Paris, France, on Nov. 10, 2021. Bloomberg | Bloomberg | Getty Images LONDON — European stocks were flat in early trade Monday morning as German and French business activity data pointed to renewed declines in the region’s two largest economies. The pan-European Stoxx 600 index opened modestly […]
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U.S. supports two permanent UN Security Council seats for Africa, Reuters reports
The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing states, U.S. Ambassador to the U.N. Linda Thomas-Greenfield will announce on Thursday. Eduardo Munoz | Reuters The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing […]
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From the far right to fiscal challenges, France could lurch from one crisis to another
A French flag is seen on the Place de la Republique as people celebrate after the Nouveau Front Populaire, an alliance of left wing parties including the far-left wing party, La France Insoumise came in first on July 07, 2024 in Paris, France. Remon Haazen | Getty Images News | Getty Images French President Emmanuel […]
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