75.6 F
New York
August 5, 2020
Home » Breaking News: Europe

Breaking News: Europe

CNBC Business

BP reports second-quarter loss after major write downs, halves dividend

CNBC
CNBC – For more and to sign up click here A BP company logo at a gas station in London, U.K. Chris Ratcliffe | Bloomberg | Getty Images Energy giant BP reported a significant loss for the second quarter on Tuesday, after downgrading the value of some of its assets on......
CNBC Business

Euro zone GDP plunged by a record 12.1% in the second quarter

CNBC
CNBC – For more and to sign up click here Euro zone GDP sinks 12.1% in Q2 2020 as coronavirus crisis hits SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC Business

Shell’s second-quarter profit slumps 82% on coronavirus hit to oil prices, energy demand

CNBC
CNBC – For more and to sign up click here Carl Court | AFP | Getty Images Oil giant Royal Dutch Shell on Thursday reported a sharp drop in net profit for the three months through to the end of June, following an unprecedented period of energy market turmoil and......
CNBC Business

Credit Suisse reports 24% rise in net profit, sets aside another $324 million for potential loan losses

CNBC
CNBC – For more and to sign up click here A Swiss flag flies over a sign of Credit Suisse in Bern, Switzerland FABRICE COFFRINI | AFP | Getty Images Credit Suisse posted Thursday a 24% increase in net income and made additional provisions amid a “challenging economic environment.” The Swiss bank......
CNBC Business

Barclays posts profit slide as the firm sets aside another £1.6 billion for coronavirus-related loan losses

CNBC
CNBC – For more and to sign up click here A sign hangs above an entrance to a branch of Barclays Plc bank in the City of London, U.K. Bloomberg | Bloomberg | Getty Images Barclays posted net income of £695 million ($765.64 million) for the first half of 2020, while......
CNBC Business

Deutsche Bank posts second-quarter net loss as restructuring continues amid the pandemic

CNBC
CNBC – For more and to sign up click here A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Deutsche Bank on Wednesday reported a net loss attributable to shareholders of 77 million euros ($90.3 million) for the......
CNBC Business

UK report says Russia meddled in Scottish referendum and is a ‘highly capable cyber actor’

CNBC
CNBC – For more and to sign up click here Prime Minister Boris Johnson makes a statement outside 10 Downing Street, London, as he resumes working after spending two weeks recovering from Covid-19. Stefan Rousseau | PA Images via Getty Images The U.K. has accused Russia of interfering in its......
CNBC Business

UBS posts 11% fall in second-quarter profit as it warns of continued credit losses

CNBC
CNBC – For more and to sign up click here Sergio Ermotti, chief executive officer of UBS Group Stefan Wermuth | Bloomberg | Getty Images UBS announced a net profit of $1.23 billion for the second quarter of 2020, down 11% from the same period last year ($1.4 billion) as the......
CNBC Business

EU leaders reach a breakthrough on the region’s 750 billion euro recovery fund

CNBC
CNBC – For more and to sign up click here Netherlands’ Prime Minister Mark Rutte looks on next to Germany’s Chancellor Angela Merkel, President of the European Commission Ursula von der Leyen and France’s President Emmanuel Macron prior the start of the European Council building in Brussels, on July 18,......
CNBC Business

Coronavirus vaccine from Oxford and AstraZeneca shows positive response in early trial

CNBC
CNBC – For more and to sign up click here Coronavirus vaccine from Oxford and AstraZeneca shows positive response in early trial SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC Business

Apple wins tax battle with EU as court rules it won’t have to pay back $15 billion in taxes

CNBC
CNBC – For more and to sign up click here The Apple Inc. logo is displayed at the company’s store in the Omotesando district of Tokyo, Japan, on Wednesday, June 3, 2020. Bloomberg Apple won a court case Wednesday against the European Commission over a dispute concerning 13 billion euros ($15 billion) in......
CNBC Business

UK says it will ban Huawei from 5G networks in major U-turn

CNBC
CNBC – For more and to sign up click here UK says it will ban Huawei from 5G networks in major U-turn SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC Business

U.K. economy grew less than expected in May as coronavirus lockdowns began easing

CNBC
CNBC – For more and to sign up click here Shoppers wearing protective face masks walk through the rain on Oxford Street in London on June 18, 2020, as some non-essential retailers reopen from their coronavirus shutdown. Tolga Akmen/AFP/Getty Images The U.K. economy grew by less than expected in May,......
CNBC Business

UK unveils back-to-work bonus scheme and restaurant discounts for all citizens

CNBC
CNBC – For more and to sign up click here Chancellor of the Exchequer Rishi Sunak leaves 10 Downing Street after attending a Cabinet meeting on 14 February, 2020. Barcroft Media U.K. Finance Minister Rishi Sunak has announced a back-to-work bonus scheme for businesses bringing furloughed employees back to work,......
CNBC Business

German payments firm Wirecard files for insolvency after revealing $2 billion accounting black hole

CNBC
CNBC – For more and to sign up click here An illuminated logo sits on the exterior of Wirecard’s headquarters in the Aschheim district of Munich, Germany. Michaela Handrek-Rehle | Bloomberg | Getty Images Wirecard will file for an application to open insolvency proceedings with the district court of Munich,......
CNBC Business

Bank of England adds another £100 billion to bond-buying program to combat coronavirus slowdown

CNBC
CNBC – For more and to sign up click here Pedestrians walk past the Bank of England in the City of London, Britain June 28, 2016. Paul Hackett | Getty Images The Bank of England on Thursday added another £100 billion to its quantitative easing program in a bid to......

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