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The Iran war is pushing up European energy prices. Here’s why a Ukraine-style inflation shock could still be avoided
The energy price shock that followed Russia’s invasion of Ukraine four years ago is fresh in the minds of European policymakers as the conflict in Iran once again drives oil and gas prices higher. Experts, however, think this time could be different. Fears of a full-blown energy crisis on that scale — which saw oil […]
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Middle East conflict poses fresh test to central banks as oil shock fuels inflation
Pedestrians look out across the city skyline as they walk along the Tabiat bridge in Tehran, Iran, on Saturday, Aug. 4, 2018. Ali Mohammadi | Bloomberg | Getty Images A widening Middle East conflict has posed a fresh test for global central banks, as fears of an oil shock and renewed inflation risks complicate policymakers’ calculus […]
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Governments are rushing to hoard critical minerals as the ‘resource nationalism’ era arrives
A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Steve Marcus | Reuters A new race to secure critical minerals is unfolding across the global economy. From Washington’s proposed $12 billion Project Vault stockpile to expanding buffers in Asia and […]
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China leaves benchmark lending rates unchanged as Beijing signals tolerance for stronger yuan
The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. Bloomberg | Getty Images China’s central bank kept its benchmark lending rates unchanged Tuesday as authorities navigate a balancing act of supporting a slowing economy while maintaining currency stability. The People’s Bank of China held its 1-year and 5-year loan […]
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CNBC’s UK Exchange newsletter: The billion-dollar takeover of one of London’s oldest asset managers won’t be forgotten
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch Some takeovers of U.K. companies arouse little attention. Others, like the £11.5-billion takeover of Cadbury by Kraft in 2010, stir emotions even many years later. To judge from the initial response, it feels as if the […]
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European markets open higher as earnings ‘super Thursday’ unfolds
Illustration shows the logo of Deutsche Bank Brussels, Saturday 25 March 2023. Nicolas Maeterlinck | Afp | Getty Images LONDON — European stocks opened higher on Thursday, as traders focused on a raft of earnings reports from some of Europe’s biggest companies. The pan-European Stoxx 600 was up 0.35% shortly after 8:00 a.m. in London […]
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‘Stay calm’ and ‘this is the new normal’: What banking CEOs are saying about the global market sell-off
Bank chiefs called for calm on Tuesday as stocks plummeted after President Donald Trump’s threats of fresh tariffs. The pan-European Stoxx 600 dropped about 1.2% in morning trade Tuesday — with the continent’s major bourses and most sectors heavily selling off — after Trump floated a potential 200% levy on French wine and champagne. In […]
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European markets open in negative territory ahead of earnings, growth data and ECB decision
General view of Amsterdam’s city center. Nurphoto | Nurphoto | Getty Images LONDON — European stocks were lower on Thursday as regional investors await more corporate earnings, the latest growth data and a European Central Bank rate decision. The pan-European Stoxx 600 was 0.1% lower at 8:55 a.m. in London (4:55 a.m. ET). The U.K.’s […]
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European banks seize on region’s nascent stablecoin market with new launch
A growing number of voices have warned about the impact that a “run” on stablecoins could have on traditional financial markets. Just_super | Istock | Getty Images Plans by a consortium of European banks to launch a new stablecoin could draw the region’s crypto-averse investors into the digital assets fold — and potentially speed up […]
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The UK insisted unpopular tax rises were a one-off. Economists say hikes are now inevitable
Oxford Street on May 2 2025, in London. Mike Kemp | In Pictures | Getty Images When U.K. Chancellor Rachel Reeves announced her government budget last fall, unveiling a £70 billion ($95 billion) boost to public spending to be funded by higher borrowing and £40 billion in tax rises, which mostly hit British businesses, she […]
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