75.36 F
New York
September 22, 2021

Breaking News: Europe

Universal Music Group shares soar in market debut

CNBC
CNBC – For more and to sign up click here Lady Gaga performs during the Pepsi Zero Sugar Super Bowl 51 Halftime Show at NRG Stadium on February 5, 2017 in Houston, Texas. Tom Pennington | Getty Images Sport | Getty Images Universal Music Group shares surged in its stock......

Euro zone inflation hits 10-year high ahead of key central bank meeting

CNBC
CNBC – For more and to sign up click here MARZAMEMI, ITALY – AUGUST 14: The summer of tourism in Sicily resuming another year after the Covid 19 health emergency. Stefano Guidi | Getty Images News | Getty Images LONDON — Inflation in the euro zone rose again in August,......

Germany’s Commerzbank reports second-quarter loss as restructuring, write-off charges bite

CNBC
CNBC – For more and to sign up click here The Commerzbank AG logo sits on an illuminated sign outside a bank branch as the bank’s headquarters stand beyond at dusk in Frankfurt, Germany, on Monday, Feb. 5, 2017.  Alex Kraus | Bloomberg | Getty Images LONDON — Commerzbank on......

Oil giant BP ups dividend and confirms share buybacks as it posts better-than-expected quarterly profit

CNBC
CNBC – For more and to sign up click here BP logos are seen at a BP petrol and diesel filling station southeast of London on June 15, 2020. BEN STANSALL | AFP | Getty Images LONDON — Oil and gas giant BP beat second-quarter earnings expectations on Tuesday, while......

Credit Suisse investigation into Archegos scandal reveals multiple failings but no ‘fraudulent or illegal conduct’

CNBC
CNBC – For more and to sign up click here Credit Suisse bank. NurPhoto | NurPhoto | Getty Images LONDON — A Credit Suisse investigation said Thursday that the bank failed “to effectively manage risk” when doing business with the collapsed U.S. hedge fund Archegos. The bank’s results have been......

Barclays beats profit estimates and ups shareholder payments as equities, investment banking surge

CNBC
CNBC – For more and to sign up click here Barclays and HSBC buildings are seen amid the outbreak of the coronavirus disease (COVID-19), in London, Britain October 20, 2020. Matthew Childs | Reuters Barclays beat second-quarter profit expectations on Wednesday and boosted returns to shareholders, with its investment banking......

Deutsche Bank smashes estimates for the second quarter despite slide in trading revenues

CNBC
CNBC – For more and to sign up click here Christian Sewing, the new CEO of Deutsche Bank, speaks at the Deutsche Bank annual shareholders’ meeting on May 24, 2018 in Frankfurt, Germany. Shareholders, frustrated by years of poor performance by Deutsche Bank, are calling for Achleitner to step down.......

European Central Bank vows a ‘persistently accommodative’ stance in new guidance

CNBC
CNBC – For more and to sign up click here The European Central Bank on Thursday held monetary policy steady, but tweaked its guidance to reflect its recently-hiked inflation target. The ECB has committed to purchasing 1.85 trillion euros ($2.2 trillion) of bonds until March 2022 as part of its......

UBS reports 63% jump in net profit to $2 billion, helped by ‘favorable’ market conditions

CNBC
CNBC – For more and to sign up click here Swiss banking giant UBS has beaten second-quarter earnings expectations, reporting net profit attributable to shareholders of $2 billion. This is up from $1.23 billion reported for the same period last year, and significantly above analysts expectations of $1.34 billion, according......

Italy 1-1 England: Gareth Southgate’s side fall to penalty shootout defeat at Wembley in Euro 2020 final

CNBC
CNBC – For more and to sign up click here European Championship final at Wembley Stadium. Italy’s players cheer with the trophy after the match. Christian Charisius | Picture Alliance | Getty Images It was penalty shootout heartbreak again for England and Gareth Southgate, as Marcus Rashford, Jadon Sancho and......

EU opens antitrust probe into Google’s advertising unit

CNBC
CNBC – For more and to sign up click here A logo outside the Google Store Chelsea in New York, May 28, 2021. Victor J. Blue | Bloomberg | Getty Images The European Commission, the EU’s executive arm, opened a new investigation into Google on Tuesday to assess whether the......

UK agrees post-Brexit trade deal with Australia

CNBC
CNBC – For more and to sign up click here British Prime Minister Boris Johnson (R) elbow-bumps a greeting with Australian Prime Minister Scott Morrison (L) in the doorway of 10 Downing Street in London, United Kingdom on June 14, 2021. Anadolu Agency | Anadolu Agency | Getty Images The......

U.S. recovers $2.3 million in bitcoin paid in the Colonial Pipeline ransom

CNBC
CNBC – For more and to sign up click here A sign warns consumers on the avaliability of gasoline at a RaceTrac gas station on May 11, 2021, in Smyrna, Georgia. Elijah Nouvelage | AFP | Getty Images WASHINGTON – U.S. law enforcement officials said Monday they were able to......

G-7 nations reach historic deal on global tax reform

CNBC
CNBC – For more and to sign up click here Britain’s Chancellor of the Exchequer Rishi Sunak (from left), U.S. Treasury Secretary Janet Yellen, Managing Director of the IMF Kristalina Georgieva and Canada’s Finance Minister Chrystia Freeland chatting on the first day of the Group of Seven Finance Ministers Meeting......

Facebook hit with new antitrust probes in the UK and EU

CNBC
CNBC – For more and to sign up click here In this photo illustration, the Facebook logo is seen on a smartphone screen with the EU flag in the background. Chukrut Budrul | SOPA Images | LightRocket via Getty Images LONDON — Regulators in the U.K. and the EU launched......

Dutch court rules oil giant Shell must cut carbon emissions by 45% by 2030 in landmark case

CNBC
CNBC – For more and to sign up click here A cyclist passes oil silos at the Royal Dutch Shell Pernis refinery in Rotterdam, Netherlands, on Tuesday, April 27, 2021. Peter Boer | Bloomberg | Getty Images LONDON — A Dutch court on Wednesday ruled oil giant Royal Dutch Shell......

EU court rejects an order for Amazon to pay back $300 million in taxes

CNBC
CNBC – For more and to sign up click here A sign at the Amazon.com, Inc. BHM1 fulfillment center is seen before sunrise on March 29, 2021 in Bessemer, Alabama. Patrick T. Fallon | AFP | Getty Images LONDON — The EU’s general court said Wednesday that the European Commission......

Bank of England sees UK growth surging over 7% this year on Covid vaccine rollout

CNBC
CNBC – For more and to sign up click here A few people on Oxford Street, some wearing face masks as the third national coronavirus lockdown continues on 4th March 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The Bank of England on......

Societe Generale cites ‘remarkable’ equity trading activity as it smashes expectations in the first quarter

CNBC
CNBC – For more and to sign up click here A logo outside a Societe Generale SA bank branch in Paris, France. Bloomberg | Bloomberg | Getty Images LONDON — French bank Societe Generale reported a “record” quarter for its trading division, helping it beat analyst expectations for the first......

European Union says Apple’s App Store breaches competition rules

CNBC
CNBC – For more and to sign up click here CEO Tim Cook speaks at an Apple event at the company’s headquarters in Cupertino, California, September 10, 2019. Stephen Lam | Reuters LONDON — Apple has “abused its dominant position” in the distribution of music streaming apps through its App......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More