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Trump threatens to slap 25% tariffs on EU, says bloc was always meant to hurt the U.S.
Politics

Trump threatens to slap 25% tariffs on EU, says bloc was always meant to hurt the U.S.

US President Donald Trump holds a cabinet meeting at the White House in Washington, DC, on February 26, 2025.  Jim Watson | Afp | Getty Images U.S. President Donald Trump threatened to impose 25% tariffs on imports from the European Union, claiming that the economic and political bloc was formed “to screw” the U.S. On Wednesday, […]

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German stocks lift European markets higher; Wienerberger jumps 12%
World

German stocks lift European markets higher; Wienerberger jumps 12%

U.S. stocks open higher Wednesday U.S. stocks kicked off Wednesday’s trading session in the green. The S&P 500 added 0.2%, and the Nasdaq Composite gained 0.3%. Meanwhile, the Dow Jones Industrial Average flickered near the flatline. — Hakyung Kim Wolters Kluwer shares slide 10%; CEO announces retirement after 22 years Wolters Kluwer shares tumbled on […]

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Markets relieved by German election result, but key industries remain mired in uncertainty
World

Markets relieved by German election result, but key industries remain mired in uncertainty

Skyscrapers on the skyline in the financial district of Frankfurt, Germany, on Monday, Nov. 4, 2024. Germany Finance Minister Christian Lindner, leader of the free market-leaning FDP, issued a position paper on Friday calling for tax cuts and a slower approach to emissions reductions.  Bloomberg | Bloomberg | Getty Images Germany’s election result delivered a […]

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Europe stocks set for muted open after Thursday’s sell-off on Wall Street
World

Europe stocks set for muted open after Thursday’s sell-off on Wall Street

Standard Chartered beats market expectations Standard Chartered has beaten market forecasts with its latest results, as the bank made $1.6 billion for the fourth quarter before setting aside money for bad loans. The bank did particularly well in its wealth management arm, according to Jefferies analysts, where income rose by more than a third compared […]

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Schneider Electric shares pop 6% as record profit beats expectations; Europe stocks mixed
World

Schneider Electric shares pop 6% as record profit beats expectations; Europe stocks mixed

Renault reports record operating profit and revenue beat French automaker Renault on Thursday posted its highest-ever annual operating profit while revenues came in well above expectations, as the company said its “unprecedented” flurry of product launches had boosted performance. Group revenue increased 7.4% year on year to 56.2 billion euros ($58.6 billion), ahead of the […]

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Philips tumbles 7% after sales miss expectations; Europe stocks open mixed
World

Philips tumbles 7% after sales miss expectations; Europe stocks open mixed

BAE Systems says order backlog at record high as revenue rises 14% Britain’s largest defense firm BAE Systems said on Wednesday that its order backlog rose 11% to a record high at the end of 2024, as it reported a 14% increase in annual revenue for 2024. Operating profit rose 4% to £2.69 billion ($3.39 […]

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European markets rise as defense stocks continue rally
World

European markets rise as defense stocks continue rally

UK unemployment steady at 4.4% in final quarter of 2024 Advert on back of bus for staff vacancies in Ipswich, England.  Geography Photos | Universal Images Group | Getty Images The U.K.’s unemployment held steady at 4.4% in the three months to December, data from the country’s Office for National Statistics showed on Tuesday. The […]

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Europe stocks lower after hitting record highs on hopes of Ukraine peace deal
World

Europe stocks lower after hitting record highs on hopes of Ukraine peace deal

European stock markets opened lower on Friday after hitting record highs earlier this week. The pan-European Stoxx 600 index moved 0.1% lower when markets opened. The U.K.’s FTSE 100 was down by 0.25%, and Germany’s DAX was lower by 0.3%. Meanwhile, France’s CAC 40 opened flat. Asia-Pacific markets were mixed Friday, after Wall Street rose […]

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Europe stocks hit fresh record high on earnings, Ukraine peace hopes
World

Europe stocks hit fresh record high on earnings, Ukraine peace hopes

European stock markets were broadly higher Thursday, amid a flurry of earnings and economic data and rising hopes of an end to the Russia-Ukraine war. The regional Stoxx 600 index maintained positive momentum from earlier this week, when it marked three record closing highs, gaining another 0.74% by midday in London to hit another all-time intraday peak. Markets […]

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European stocks shrug off U.S. tariff threat; BP shares rise after Elliott stake-building report
World

European stocks shrug off U.S. tariff threat; BP shares rise after Elliott stake-building report

European stock markets started the week on a positive note, appearing to shrug off President Donald Trump’s latest tariff announcement. The pan-European Stoxx 600 opened 0.35% in positive territory. Regional indexes such as the U.K.’s FTSE 100, Germany’s DAX, France’s CAC 40 and Italy’s MIB were up 0.3% at the open. It remains to be […]

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