Germany
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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UniCredit’s pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union
Key Points European banking’s latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc’s incomplete banking union Italy’s UniCredit has ratcheted up the pressure on Frankfurt-based Commerzbank in recent weeks as it seeks to become the biggest investor in Germany’s second-largest lender with a 21% stake. The Milan-based bank, […]
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German Greens leadership quits after series of election blows
25 September 2024, Berlin: The German Green Party leaders Omid Nouripour and Ricarda Lang resign. Photo: Fabian Sommer/dpa (Photo by Fabian Sommer/picture alliance via Getty Images) Fabian Sommer | Picture Alliance | Getty Images The joint leaders of the German Greens, Omid Nouripour and Ricarda Lang said they would step aside, making way for a […]
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Caught cold by UniCredit’s swoop on Commerzbank, Germany will want to avoid a national embarrassment
A protestor holds a placard with a slogan reading “Stop Merger Horror” during a union demonstration outside the Commerzbank AG headquarters in Frankfurt, Germany, on Tuesday, Sept. 24, 2024. Bloomberg | Bloomberg | Getty Images Italy’s UniCredit appears to have caught German authorities off guard with a potential multibillion-euro merger of Frankfurt-based Commerzbank, a move […]
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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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The unspoken rules of celebrating Oktoberfest in Munich
Oktoberfest is a worldwide phenomenon, a Bavarian beer festival celebrated in countries around the globe. But many say nowhere is it more fun than in its original home of Munich. The festival attracts some six million celebrants every year, according to a festival website operated by Munich’s Department of Labor and Economics. As a non-Bavarian […]
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Luxury stocks slip as fears grow of a prolonged downturn
An advertisement for Hugo Boss AG in Shanghai, China, on Wednesday, May 1, 2024. Bloomberg | Bloomberg | Getty Images LONDON — European luxury stocks tumbled Monday as analysts warned of a deteriorating demand outlook, particularly among high-spending Chinese consumers. Germany’s Hugo Boss was among the worst performers on the Stoxx 600 index by midday, […]
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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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North Korea gives rare view of uranium enrichment site during Kim Jong Un visit
Russia’s President Vladimir Putin and North Korea’s leader Kim Jong Un attend a state reception in Pyongyang, North Korea June 19, 2024. Vladimir Smirnov | Via Reuters North Korean leader Kim Jong Un visited a uranium enrichment facility and called for new centrifuges to produce more weapons-grade material for nuclear bombs, state media KCNA reported on Friday. The report […]
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