City workers in Paternoster Square, where the headquarters of the London Stock Exchange is based, in the City of London, UK, on Thursday, March 2, 2023. Bloomberg | Bloomberg | Getty Images LONDON — T...
Tag: Breaking News: Europe
Credit Suisse to delay its 2022 annual report after a ‘late call’ from the SEC
Workers pass a Credit Suisse Group AG bank branch in Geneva, Switzerland, on Thursday, Sept. 1, 2022. Jose Cendon | Bloomberg | Getty Images Credit Suisse on Thursday announced that it will delay the ...
Euro zone prices dip to 8.5% as ECB flags rate hiking not over.
All eyes on the latest inflation numbers out of the euro zone as market players consider what the ECB will do next. Bloomberg | Bloomberg | Getty Images Inflation in the euro zone eased slightly in th...
Britain’s taxes will be cut ‘as soon as we can afford to,’ finance minister says
Finance Minister Jeremy Hunt, in his hotly anticipated inaugural Autumn Statement, unveiled a sweeping £55 billion ($66 billion) fiscal plan. Anadolu Agency | Anadolu Agency | Getty Images U.K. Financ...
Credit Suisse posts massive annual loss as ‘radical’ restructure gets underway
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse’s restructuring plans include the sale of part of th...
Turkey’s Erdogan declares state of emergency for earthquake-hit regions
Turkey’s President and leader of the Justice and Development (AK) Party Recep Tayyip Erdogan delivers a speech during his partys group meeting at the Turkish Grand National Assembly (TGNA) in An...
Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than feared
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England on Thursday hiked interest ra...
Deutsche Bank smashes profit expectations in fourth quarter as higher interest rates bolster revenue
A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuter Deutsche Bank on Thursday reported its 10th straight quarter ...
Euro zone GDP Q4 2022
The latest euro zone growth numbers are out as the ECB considers what to do next. Nurphoto | Nurphoto | Getty Images The euro zone beat expectations on Tuesday by posting positive growth in the final ...
EU strongly recommends travelers from China to take Covid test before entering Europe
European nations are looking at new travel requirements from China after Beijing lifted Covid restrictions. China News Service | China News Service | Getty Images European nations on Wednesday recomme...
ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet
President of the European Central Bank Christine Lagarde attends a hearing of the Committee on Economic and Monetary Affairs in the European Parliament on November 28, 2022 in Brussels, Belgium. Thier...
UK inflation falls from 41-year high as fuel price surge eases
Brexit has added more than £200 to the average U.K. household food bill, according to a new study from the London School of Economics. Nathan Stirk | Getty Images News | Getty Images LONDON — U.K. inf...
Credit Suisse shareholders greenlight $4.2 billion capital raise
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse shareholders on Wednesday approved a 4 billion Swiss franc...
Credit Suisse projects $1.6 billion fourth-quarter loss
Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected a 1.5 billion Swi...
Credit Suisse sells most of its securitized products business to Apollo as it speeds up restructure
Credit Suisse on Tuesday announced that it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group (SPG) to Apollo Global Management....
UK on the brink of recession after economy contracts by 0.2% in the third quarter
The Bank of England has warned that the U.K. is facing its longest recession since records began a century ago. Huw Fairclough | Getty Images News | Getty Images LONDON — The U.K. economy contracted b...
Bank of England raises rate by 75 basis points, biggest hike in 33 years
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England on Thursday raised interest r...
Q3 2022 earnings and overhaul
Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Thursday posted a quarterly loss that...
Russian court denies Griner’s appeal, sends her to a penal colony
US’ Women’s National Basketball Association (NBA) basketball player Brittney Griner, who was detained at Moscow’s Sheremetyevo airport and later charged with illegal possession of ca...
Rishi Sunak pledges to fix mistakes as he becomes UK PM
Britain’s new Prime Minister Rishi Sunak delivers a speech outside Number 10 Downing Street, in London, Britain, October 25, 2022. Hannah Mckay | Reuters LONDON — Rishi Sunak on Tuesday became t...
UK’s Liz Truss pledges tax-cutting future in speech plagued by protest
Prime Minister Liz Truss is seeking to rally MPs around her her tax-cutting policies following political infighting and market turmoil. Jacob King | Pa Images | Getty Images LONDON — British Prime Min...
Porsche shares rise in landmark Frankfurt debut
Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever. Bloomberg | Getty Images Porsche shares rose in their stock market debut Thursday, in o...
German government agrees nationalization deal for energy giant Uniper
Uniper has received billions in financial aid from the German government as a result of surging gas and electric prices following Russia’s war in Ukraine. Picture Alliance | Picture Alliance | G...
Liz Truss promises action on soaring energy bills in first speech as UK PM
Liz Truss promised to tackle soaring energy bills in her first speech as U.K. prime minister outside 10 Downing Street. Leon Neal / Staff / Getty Images LONDON — Britain’s new prime minister, Li...
Growth accelerates for euro zone
Growth in the euro zone economy accelerated in the second quarter of the year, but the region’s prospects could be hit as Russia continues to reduce gas supplies. The 19-member bloc registered a...
Deutsche Bank beats expectations to post eighth straight quarter of profit
Deutsche Bank beat market expectations to post an eighth straight quarter of profit on Wednesday, recording a second-quarter net income of 1.046 billion euros ($1.06 billion). The German lender exceed...
UK shatters record for its hottest day ever
People turn out to watch the sunrise at Cullercoats Bay, North Tyneside. Britons are set to melt on the hottest UK day on record as temperatures are predicted to hit 40C. Picture date: Tuesday July 19...
Starbucks will exit Russia after 15 years, closing 130 licensed cafes
After 15 years operating in Russia, Starbucks will exit the market, joining companies like McDonald’s, Exxon Mobil and British American Tobacco in withdrawing from the country completely. The co...
McDonald’s to sell Russia business after pausing operations due to Ukraine war
McDonald’s said Monday that it will sell its business in Russia, a little more than two months after it paused operations in the country due to its invasion of Ukraine. “The humanitarian c...