Keyword "Breaking News: Europe" - List of latest news (270 results)

09:59 Software giant SAP’s shares surge 9.3% after first-quarter profit beat

SAP announced Wednesday that its first-quarter operating profit had risen by 58% year-on-year to hit 2.5 billion euros ($2.9 billion).

22/04 European Central Bank’s Lagarde says she hopes Trump doesn't fire Fed's Powell

The ECB last week cut interest rates by a further 25 basis points and warned of a 'deteriorated' growth outlook linked to tariff tensions.

22/04 IMF slashes UK's growth forecast, points to U.S. tariffs and borrowing costs

The International Monetary Fund downgraded the U.K.'s 2025 growth forecast in its latest economic outlook released on Tuesday.

21/04 Pope Francis, the first pontiff from the Americas, dies at 88

"Dearest brothers and sisters, with deep sorrow I must announce the death of our Holy Father Francis," Cardinal Farrell said Monday in a video address.

16/04 UK inflation slows to cooler-than-expected 2.6% in March

Economists polled by Reuters had anticipated the consumer price index would hit 2.7% in the twelve months to March.

15/04 Luxury bellwether LVMH drops 8% on sales miss, dragging peers down

Sales were "overall below the most conservative buyside expectations," Citi analysts said, with wines and spirits suffering the sharpest decline.

11/04 UK economy expands by 0.5% in February, more than expected

U.K. GDP rose by 0.5% on a monthly basis, far more than the 0.1% forecast by analysts.

10/04 European Union to put countermeasures to U.S. tariffs on hold for 90 days

EU members had voted in favor of the package on Wednesday in response to U.S. tariffs on steel and aluminum.

10/04 Shipping giant Maersk, a bellwether for global trade, pops 10% on Trump's tariff pause

Shares of Danish shipping giant Maersk, a bellwether for global trade, posted substantial gains on Thursday morning.

09/04 European Union approves first set of retaliatory tariffs on U.S. imports

The European Union on Wednesday voted to approve its first set of retaliatory measures to counter tariffs imposed by the U.S. on steel and aluminum.

09/04 German centrist parties reach coalition deal as Trump tariffs loom over Europe

The agreement paves the way for Germany's CDU, CSU and SPD to form the country's new government with Friedrich Merz as chancellor.

04/04 BP chair Helge Lund to step down after oil major pledges strategic reset

British oil major BP on Friday said its chair Helge Lund will step down, kickstarting a succession process with support from the wider board.

03/04 Trump will 'buckle under pressure' if Europe bands together over tariffs, German economy minister says

U.S. President Donald Trump could change his trade policies if he comes under pressure from trading partners, German economy minister Robert Habeck suggested.

03/04 EU preparing further countermeasures against U.S. tariffs if negotiations fail: EC President von der Leyen

01/04 Euro zone inflation dips to 2.2% in March as U.S. tariffs loom

Euro zone inflation dipped to 2.2% in March, as expected, according to flash data from statistics agency Eurostat published Tuesday.

31/03 German inflation falls to 2.3% in March, backing bets for ECB rate cut

German inflation came in at a lower-than-expected 2.3% in March, preliminary data from the country's statistics office Destatis showed Monday.

31/03 Aston Martin shares jump 10% as Canadian billionaire Lawrence Stroll invests more cash

Stroll's stake in the company is poised to increase to roughly 33% from about 27.7% as part of the transaction.

26/03 U.K. inflation cools to 2.8% in February but respite could be short-lived

The U.K.'s inflation rate fell slightly to 2.8% in February, coming in just below analyst expectations, according to the Office for National Statistics.

26/03 UK forges ahead with billions in welfare spending cuts as growth forecast halved

British lawmakers and the public are waiting to see if Reeves will stick to her self-imposed spending and debt rules.

20/03 EU delays implementing first retaliatory tariffs on U.S. goods to middle of April

"The change represents a slight adjustment to the timeline and does not diminish the impact of our response," an EU spokesperson told CNBC.

18/03 German parliament to vote on historic debt reform

The reforms include changes to the debt brake rule and the creation of an infrastructure fund.

14/03 Kering shares plunge 12% after Demna Gvasalia named as Gucci's artistic director

Shares of Kering plunged on Friday after the firm announced that Demna Gvasalia would take the reigns as new artistic director of its ailing Gucci fashion line.

13/03 Ferrari CEO says carmaker is 'ready' with countermeasures as Europe's automakers brace for tariffs

"We are watching what's going to happen in the next month, next weeks," said the Ferrari CEO at CONVERGE LIVE. "We are on the same boat in terms of tariffs."

13/03 Trump’s approach to Ukraine could be 'very worrying' for Russia’s neighbors, former UK PM Cameron says

Former U.K. Prime Minister David Cameron on Thursday said he is fearful that U.S. President Donald Trump's approach to Ukraine could set an alarming precedent.

12/03 Inditex shares sink 7% as Zara owner points to sales slowdown

Zara owner Inditex on Wednesday posted a rise in fourth-quarter sales that met expectations but pointed to a slowdown in demand at the start of the year.

12/03 We 'must act': Europe retaliates against Trump's 25% tariffs on steel and aluminum imports

The European Union said it would impose counter-tariffs on 26 billion euros ($28.33 billion) worth of U.S. goods starting in April in response to the duties.

12/03 Rheinmetall sales surge 36% in 2024, as company forecasts 'major' military order boom

Last year's sales boom helped push Rheinmetall's operating profit to a record high.

06/03 European Central Bank cuts rates again, says policy is becoming 'meaningfully less restrictive'

The ECB cut interest rates by 25 basis points and struck a more hawkish tone in its communication.

03/03 Euro zone inflation dips to 2.4% in February as ECB bets point to sixth rate cut

Economists surveyed by Reuters had been expecting inflation to ease to 2.3% in February.

28/02 German inflation stays unchanged at hotter-than-expected 2.8% in February

The February print compares to a 2.7% estimate from economists surveyed by Reuters.

27/02 Shares of British aerospace giant Rolls-Royce hit all-time high on upbeat outlook, profit beat

Rolls-Royce on Thursday posted stronger-than-expected full-year earnings after making what it described as "significant" transformation progress.

26/02 Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset

British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.

26/02 Crisis-stricken Stellantis sees revenue growth in 2025 after 70% drop in full-year profit

Crisis-stricken auto giant Stellantis on Wednesday said it sees return to revenue growth this year after a steep drop in 2024 earnings.

24/02 Tech investor Prosus to buy Just Eat Takeaway.com for $4.3 billion

Just Eat Takeaway.com is poised to be acquired by Dutch technology investor Prosus in a deal worth roughly 4.1 billion euros ($4.3 billion).

23/02 Germany's conservatives win election, as far-right AfD leaps to second place, exit polls show

The Christian Democratic Union and its allied Christian Social Union secured the largest share of votes in the German federal election, exit polls show.

19/02 UK inflation leaps to higher-than-expected 3% in January

Economists polled by Reuters had expected a January reading of 2.8%.

15/02 Zelenskyy calls for creation of 'European army' as he warns Russia 'is not preparing for dialogue'

Ukraine has intelligence that Russia plans to send troops to its ally Belarus this summer under the pretense of training exercises, Ukrainian President Volodymyr Zelenskyy said Saturday.

13/02 British bank Barclays posts 2024 pretax profit hike, launches £1 billion share buyback

British bank Barclays posted a rise in full-year pre-tax profit that came in just ahead of analyst expectations, while also launching a £1 billion share buyback.

13/02 UK economy ekes out 0.1% growth in the fourth quarter, beating expectations

The U.K. economy grew by 0.1% in the fourth quarter, beating expectations, after recording zero growth in the previous three months.

12/02 Trump reciprocal tariffs could come by Thursday, White House says

President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday, the White House said.

11/02 British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset

British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled energy company's strategy.

11/02 Kering slightly beats fourth-quarter forecasts but sales at embattled Gucci brand plunge 24%

French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label.

10/02 BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major

The British oil major is set to unveil its fourth-quarter results on Tuesday.

06/02 L’Oreal sales slightly miss in fourth quarter as China weakness persists

French cosmetics giant L'Oreal on Thursday reported a lower than expected increase in fourth-quarter sales amid continued weakness in the Chinese beauty market.

06/02 Bank of England restarts monetary easing, cutting key rate to 4.5%

The Bank of England made its first interest rate cut of 2025 on Thursday amid ongoing concerns over sluggish growth in the British economy.

06/02 Shipping giant Maersk's shares jump 10% on profit beat despite trade uncertainty

"At a time of very high microeconomic uncertainties, we were able to be sufficiently agile," Maersk CEO Vincent Clerc told CNBC's "Squawk Box Europe."

05/02 TotalEnergies posts 21% drop in annual profit, targets $2 billion of buybacks per quarter this year

French oil major TotalEnergies on Wednesday reported a sharp drop in full-year earnings, against a backdrop of lower crude prices and weak fuel demand.

05/02 Novo Nordisk posts net profit beat as Wegovy sales jump 107% in fourth quarter

04/02 Luxury carmaker Ferrari posts 21% uptick in full-year profit, sees 2025 growth

Luxury carmaker Ferrari on Tuesday reported a significant upswing in full-year net profit, citing a strong product mix and growing demand for personalization.

04/02 Swiss giant UBS posts $770 million in net profit, launches $1 billion share buyback in first half

UBS revealed plans for up to $3 billion of share repurchases over the course of 2025.

03/02 Euro zone inflation rises to hotter-than-expected 2.5% in January

Economists polled by Reuters had expected the January inflation print to come in at 2.4%, unchanged from December.

31/01 Germany's inflation steady at 2.8% in January ahead of February election

The reading was also in line with a forecast from economists polled by Reuters.

30/01 Euro zone economy flatlines in fourth quarter, missing expectations for slight expansion

Economists polled by Reuters had expected growth of 0.1% over the period, following a larger-than-expected 0.4% expansion in the third quarter.

30/01 German economy shrinks by 0.2% in fourth quarter, more than expected

The German economy shrank by 0.2% quarter-on-quarter in fourth quarter of 2024, according to preliminary data released by Germany's statistics office Destatis.

30/01 Oil giant Shell posts larger-than-expected drop in full-year profit on lower crude prices

British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.

30/01 Deutsche Bank posts steeper-than-expected Q4 profit fall and scraps cost target

Legal provisions weighed on the bottom line at Germany's largest lender Deutsche Bank, with net profit falling in the fourth quarter.

29/01 Germany slashes economic growth expectations to 0.3% ahead of February election

The German government slashed its gross domestic product expectations Wednesday, saying it was now forecasting just 0.3% growth in 2025.

29/01 World’s largest sovereign wealth fund reports $222 billion annual profit on tech rally

Norway’s sovereign wealth fund reported its full-year earnings on Wednesday.

24/01 Burberry's quarterly sales dip less than expected following strategic overhaul

23/01 Structural weaknesses in the German economy must 'absolutely' be addressed, finance minister says

German finance minister Jörg Kukies also addressed the debate over Germany's so-called debt brake rule, saying some "targeted reforms" were necessary.

22/01 Europe must be prepared for Trump tariffs, European Central Bank chief warns

European Central Bank President Christine Lagarde spoke to CNBC at the World Economic Forum in Davos.

16/01 Oil major BP to cut thousands of jobs in cost-saving drive

British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.

16/01 UK economy ekes out 0.1% growth in November, below expectations

The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.

15/01 German economy contracts 0.2% in 2024 in second consecutive annual slowdown

The German economy contracted by 0.2% in 2024, in the second consecutive year of declines in the annual gross domestic product of Europe's largest economy.

15/01 UK inflation slows to 2.5% in December, below expectations

U.K. inflation fell to 2.5% in December, according to data released by the Office for National Statistics on Wednesday.

07/01 Euro zone inflation rose to 2.4% in December, meeting expectations

Economists polled by Reuters forecast a reading of 2.4%, up from 2.2% in November.

06/01 German inflation rises more than expected to 2.9% in December

German inflation jumped to a higher-than-expected 2.9% in December, German statistics office Destatis said Monday.

20/12 Novo Nordisk shares plunge 17% after disappointing trial results; Lilly jumps in premarket

Shares of Danish pharmaceutical giant Novo Nordisk plummeted more than 24% at one point on Friday after reporting trial results that missed expectations.

20/12 Russian central bank surprises markets by holding key rate at 21%

Russia's central bank on Friday left its key interest rates unchanged at 21%, citing monetary tightness as Moscow wages its ongoing battle with sky-scraping inflation.

19/12 Bank of England holds rates but vote split surprises markets

Economists widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services inflation and wage growth.

18/12 UK inflation rises to 2.6% in November, in line with expectations

UK inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the Bank of England.

16/12 German Chancellor Olaf Scholz loses confidence vote, clearing the way for February election

German Chancellor Olaf Scholz on Monday lost a confidence vote in the country's Bundestag, clearing the path for an early election in February.

13/12 France's Macron names Francois Bayrou as new prime minister following political turmoil

French President Emmanuel Macron on Friday named his new prime minister, concluding a week of political deadlock following the toppling of Michel Barnier's government last week.

12/12 Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength

The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim.

05/12 Shell and Equinor to create Britain's largest independent oil and gas company in joint venture

Britain's Shell and Norway's Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly owned energy company.

05/12 British regulators approve $19 billion Vodafone-Three mobile merger

British regulators said the tie-up can proceed if both companies sign "binding commitments to invest billions" to roll out a 5G network across the U.K.

04/12 French government toppled in no-confidence vote brought by opposition

The French government has been ousted in a vote of no-confidence, plunging the euro zone's second-largest country into deep political and economic uncertainty.

29/11 Euro zone inflation climbs to 2.3% in November, meeting expectations

Markets have fully priced in a 25 basis point interest rate cut from the ECB in December, which would mark its fourth cut of the year.

15/11 UK economy ekes out 0.1% growth in the third quarter, below expectations

The U.K. economy expanded by 0.1% in the third quarter of the year, the Office for National Statistics said Friday.

12/11 Oil giant Shell wins appeal against landmark Dutch climate ruling to slash emissions

A Dutch court on Tuesday ruled to dismiss a landmark climate ruling against Shell, which had ordered the firm to drastically reduce its global carbon emissions.

07/11 Germany appoints new finance minister as pressure for quick snap elections mounts

Jörg Kukies was appointed as the new German finance minister on Thursday, replacing Christian Lindner.

06/11 German Chancellor Olaf Scholz fires Finance Minister Christian Lindner, leaving ruling coalition in disarray

The three-year-old union between Scholz's Social Democratic Party (SPD), the Greens and Lindner's Free Democratic Party (FDP) has been on shaky ground for some time.

06/11 Novo Nordisk quarterly profit meets expectations as Wegovy maker narrows full-year guidance

Novo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance.

02/11 UK's Conservatives name Kemi Badenoch as new leader, shifting the party further to the right

The U.K.'s opposition Conservative Party on Saturday named its new leader, following a long-drawn-out runoff after the Tories' landslide electoral defeat marked a moment of reckoning.

31/10 UK borrowing costs soar day after Labour government unveiled tax-raising budget

U.K. bond yields spiked sharply Thursday after the ruling Labour Party unveiled a sweeping package of tax hikes and increased borrowing.

31/10 Euro zone inflation rises to higher-than-expected 2% in October

The fresh inflation print is seen as crucial in judging whether the European Central Bank could consider a half-percentage-point interest rate cut.

31/10 Dodge maker Stellantis posts 27% drop in revenues, flags progress in slashing U.S. inventories

Auto giant Stellantis on Thursday reported a 27% decline in third-quarter revenues, but said it was making headway in addressing operational issues like U.S. inventories.

31/10 Oil giant Shell posts $6 billion profit beat, launches new share buyback program

British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp drop in crude prices was offset by higher gas sales.

30/10 Germany's inflation surges to 2.4% as it narrowly skirts a technical recession

Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter.

30/10 Euro zone growth hits two-year high of 0.4%, beating expectations

Economists polled by Reuters expected 0.2% growth following the bloc's 0.3% expansion in the second quarter.

30/10 Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans

German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.

30/10 Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.

29/10 British oil giant BP posts $2.3 billion in third-quarter profit, beating expectations

British oil major BP on Tuesday reported stronger-than-expected third-quarter profit.

28/10 Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says

Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.

24/10 Britain announces major change to fiscal rules to free up billions in spending

U.K. Finance Minister Rachel Reeves on Thursday confirmed she intends to change the country's fiscal rules in the October budget.

24/10 Barclays profit jumps 23% in third quarter, beating expectations

British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.

23/10 Deutsche Bank swings back to profit in the third quarter, beating expectations

The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.

22/10 World’s largest sovereign wealth fund posts $76 billion in third-quarter profit

Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion kroner ($76.3 billion).

16/10 RTX subsidiary Raytheon to pay more than $950 million to settle foreign bribery, export control fraud probes

The huge legal settlement by Raytheon related to bribery in Qatar, and to defrauding the Pentagon in regard to the Patriot Missile systems.

16/10 UK inflation falls sharply to 1.7%, below Bank of England's target for first time in over three years

Economists polled by Reuters expected the headline rate to come in at 1.9% in its first dip below the Bank of England's 2% target since April 2021.

15/10 Chip firm ASML shares fall 15% on disappointing sales outlook in surprise earnings release

ASML published its third-quarter earnings Tuesday, a day earlier than expected.

11/10 UK economy grows 0.2% in August, in line with expectations

The U.K. economy had previously recorded modest but steady expansion in almost every month this year, but flatlined recently.

09/10 Mining giant Rio Tinto to acquire Arcadium Lithium in $6.7 billion deal

04/10 European Union votes to impose tariffs on Chinese electric vehicles

European Union member states on Friday voted in favor of the European Commission's proposal to impose definitive tariffs on battery electric vehicles from China.

01/10 Euro zone inflation falls to 1.8% in September, below the European Central Bank's 2% target

Euro zone inflation fell to 1.8%, below the European Central Bank's target rate, in September, flash data from statistics agency Eurostat showed Tuesday.

30/09 German inflation drops to 1.8% in September, below expectations

The harmonized German consumer price index eased to 1.8% in September, more than expected, preliminary data from the country's statistics office showed Monday.

30/09 Rupert Murdoch’s property group REA ends chase to buy Rightmove after multiple rejected offers

Rupert Murdoch's Australian property listing firm REA Group said Monday it would no longer seek to buy UK property portal Rightmove.

30/09 Shares of Dodge-maker Stellantis drop 9% after profit warning

The conglomerate, known for brands such as Chrysler, Dodge and Jeep, warned of lower-than-expected sales "across most regions" in the second half of the year.

27/09 French inflation cools sharply in September after drop in energy prices, transport costs

France's harmonized inflation rate fell sharply in September, preliminary data from the National Institute of Statistics and Economic Studies showed Friday.

26/09 H&M shares tumble 7% on profit miss and scrapped margin target

Shares of H&M tumbled 7% on Thursday after the world's second-largest listed fashion retailer posted a miss on operating profit.

23/09 Battery giant Northvolt to cut 25% of workforce in Sweden as part of a major cost-cutting drive

Battery maker Northvolt on Monday announced plans to cut a total of 1,600 jobs in Sweden as part of a major cost-cutting drive.

23/09 Britain's finance minister calls for spending discipline but no return to austerity

U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, saying her budget proposals will look to rebuild the country.

19/09 Bank of England holds interest rates, British pound rallies to more than two-year high

The decision to hold comes after the U.S. Federal Reserve kicked off its own monetary easing with an aggressive 50 basis point rate cut.

18/09 Google wins court challenge to the EU's $1.7 billion antitrust fine over ad product

The European Union's second-highest court on Wednesday said a 1.5 billion euro ($1.7 billion) antitrust fine imposed on Google by regulators should be annulled.

18/09 UK inflation holds steady in August, matching expectations

U.K. inflation came in at 2.2% for the month of August, data from the Office for National Statistics showed Wednesday.

12/09 UniCredit's Andrea Orcel plays a bold hand, with Commerzbank in his sights

Speculation is rife over whether UniCredit's surprise stake build in Commerzbank will lead to a takeover bid of the German lender.

10/09 Volkswagen scraps a slew of labor agreements as standoff with unions intensifies

German automotive giant Volkswagen on Tuesday said it was scrapping a slew of labor agreements.

10/09 Google's 2.4 billion euro fine upheld by Europe's top court in EU antitrust probe

The fine stems from an antitrust investigation by European Union regulators into Google that concluded in 2017.

10/09 Apple loses EU court battle over 13 billion euro tax bill in Ireland

06/09 Netherlands expands export curbs on chip tools with more ASML equipment impacted

The Netherlands said it is expanding export restrictions on advanced semiconductor manufacturing equipment, bringing more of ASML's machines under curbs.

02/09 Volkswagen warns of plant closures in Germany, citing ‘extremely tense’ situation

Volkswagen on Monday warned it will no longer be able to rule out plant closures in Germany.

30/08 Euro zone inflation falls to 3-year low of 2.2%, in line with expectations

Economics polled by Reuters had forecast a decline to 2.2% in August, down from 2.6% in July.

22/08 Body of British tech entrepreneur Mike Lynch retrieved from Sicily yacht wreckage

Lynch was one of 22 passengers aboard the Bayesian superyacht, which capsized while anchored off the coast of Sicily.

20/08 European Union slashes planned tariffs on China-made Tesla EVs, other Chinese firms

The European Union on Tuesday said a planned tariff on Tesla vehicles being imported from China would be cut to 9% from 20.8%.

19/08 British tech entrepreneur Mike Lynch reported missing after superyacht sinks off Sicily

British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off the coast of Sicily, sources familiar with the matter told CNBC.

15/08 UK economy expands 0.6% in second quarter; June growth stalls

GDP has recorded slight but steady growth almost every month so far this year as the U.K. exits a shallow recession.

14/08 UK inflation rose to 2.2% in July, after two months at the Bank of England's 2% target

U.K. inflation came in below expectations at 2.2% in July, data from the Office for National Statistics showed Wednesday.

14/08 UBS smashes second quarter profit expectations as Credit Suisse consolidation boosts revenue

Analysts expected revenue of $11.5 billion, according to an LSEG poll.

07/08 Shares of Wegovy maker Novo Nordisk slide 5% after earnings miss

Novo Nordisk on Wednesday announced its second quarter earnings for 2024.

05/08 Everyone is talking about the Sahm recession indicator. Here’s what you need to know

Investors have turned to one of the most time-tested indicators to determine whether the U.S. economy is in recession.

01/08 Barclays profit dips in the second quarter, beats estimates

The British lender is undergoing a major restructuring program in a bid to boost profits.

01/08 Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program

Shell on Thursday posted stronger-than-expected second-quarter profit after issuing a warning over lower fossil fuel prices and refining margins.

31/07 Euro zone inflation rises to 2.6% in July, above expectations

Headline inflation in the euro zone unexpectedly rose to 2.6% in June, the European Union's statistics agency said Wednesday.

31/07 ASML shares pop 7% after report that U.S. will exempt allies from new China chip restrictions

Reuters reported that the U.S. is considering expanding chip export restrictions to China, but countries including the Netherlands and Japan would be excluded.

30/07 Euro zone's economy grew 0.3% in second quarter, above expectations despite German contraction

The euro zone's economy grew by more than expected in the second quarter of 2024, flash figures from the European Union's statistics office showed Tuesday.

30/07 Oil major BP raises dividend as second-quarter profit beats expectations

British oil giant BP on Tuesday reported stronger-than-expected net profit for the second quarter following a warning over lower refining margins.

29/07 UK finance chief says public finances show $28 billion spending hole, cuts road and rail projects

Britain's Finance Minister Rachel Reeves warned "difficult decisions" were still to come on spending, welfare and tax.

25/07 Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales

Shares in Gucci-owner Kering fell on Thursday after the luxury group announced a sharp decline in revenue in the first half of the year.

24/07 Deutsche Bank snaps 15-quarter profit streak on Postbank lawsuit provision

Net loss attributable to shareholders was 143 million euros ($155.1 million), against an LSEG poll of analysts which had predicted a loss of 145 million euros.

22/07 Ryanair shares tumble 12% as budget airline reports 46% fall in quarterly profit, sees lower fares

Ryanair shares slid after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months.

18/07 European Central Bank holds interest rates, says domestic price pressures 'still high'

The European Central Bank held its latest monetary policy meeting in Frankfurt.

17/07 UK inflation holds steady at Bank of England's 2% target, above expectations

The Office for National Statistics released inflation figures for June on Wednesday.

17/07 ASML bookings surge as AI chip demand boosts purchases of its critical semiconductor tools

ASML reported second-quarter earnings and sales that beat forecasts, as interest in AI chips drives up demand for the firm's semiconductor making equipment.

15/07 Burberry shares drop 10% after the luxury giant issues profit warning and replaces CEO

Shares in Burberry plunged in early European trade Monday after a "disappointing" first-quarter performance led it to replace its CEO and axe its dividend.

12/07 Elon Musk's X deceives users and breaches online content rules, EU says

Elon Musk's X is in breach of EU online content rules as the social media platform uses "dark patterns" to deceive users, the European Commission said Friday.

10/07 Samsung launches the Galaxy Ring — a first-of-its-kind product for the tech giant

The Samsung Galaxy Ring has the ability to track various health metrics such as heart rate and sleep.

08/07 Europe markets rise as French stocks shrug off surprise election result

European stocks ticked higher in morning trade as markets reacted to a surprise win for a left-wing coalition of parties in French elections.

05/07 Housebuilding stocks pop as UK markets react to Labour election landslide

London-listed stocks led European markets higher on Friday as the U.K.'s general election drew focus in the region.

05/07 Populist Brexiteer Nigel Farage wins first-ever seat in British parliament

After seven failed attempts, Nigel Farage has won a seat in the U.K.'s parliament.

05/07 Nigel Farage's right-wing Reform UK party shocks with significant gains expected

The projected success of the right-wing Reform UK party, led by Brexiteer Nigel Farage, has surprised pollsters and the political establishment.

02/07 Euro zone inflation eases to 2.5% as core print misses estimate

Economists polled by Reuters expected the headline rate to come in at 2.5%.

01/07 French stocks jump 2.5% as far right takes election lead but seen falling short of majority

The National Rally party's win in the first round of French snap elections raised the prospect of an anti-far-right alliance.

30/06 France's far-right National Rally seen leading in first round of snap election, exit polls show

The first round of a snap parliamentary election in France points to a surge in votes for the anti-immigrant National Rally party.

20/06 Bank of England holds interest rates steady despite inflation easing to 2% target

It keeps the central bank's key rate at a 16-year high of 5.25%, where it has been held since August 2023.

19/06 UK inflation falls to Bank of England's 2% target ahead of elections

The Office for National Statistics released inflation figures for May on Wednesday.

12/06 European Union announces higher tariffs of up to 38% on Chinese EVs

The European Union on Wednesday said it would slap higher tariffs on Chinese electric vehicle imports.

11/06 Shares of computing firm Raspberry Pi pop 32% in London market debut

Shares of Raspberry Pi on Tuesday rose 32% at its market debut, as the British computing startup seeks to raise some £166 million ($211.2 million) from its initial public offering.

09/06 French President Macron calls for snap election after heavy defeat in EU vote

Marine Le Pen's far-right National Rally is set to win around 31.5% of the vote, compared to 15.2% for Emmanuel Macron's Renaissance party, according to exit polls.

09/06 Far right makes big gains in EU elections as Greens see steep losses, early data indicates

Populist, far-right parties have won record support in this year's European Parliament elections, early exit polls indicated Sunday.

01/06 South Africa's ruling ANC loses majority in country's most sweeping political shift in 30 years

South Africa's governing African National Congress lost its parliamentary majority of 30 years, in the country's most sweeping political shift since the end of the apartheid.

31/05 Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut

The European Central Bank is widely expected to cut interest rates next week.

22/05 UK inflation drops to 2.3% in April, nearing Bank of England's target

The Office for National Statistics released inflation figures for April on Wednesday.

16/05 Meta slapped with child safety probe under sweeping EU tech law

Facebook parent company Meta on Thursday was hit with a major investigation from the EU into risks of its platforms to minors.

15/05 Slovakian Prime Minister Fico injured in shooting, media reports say

Slovakia's populist Prime Minister Robert Fico on Wednesday was injured in a shooting and taken to hospital, according to multiple media reports.

10/05 UK economy emerges from recession with 0.6% growth in first quarter

The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, beating expectations.

09/05 Bank of England holds rates, stresses June cut depends on coming data

Members of the central bank’s Monetary Policy Committee voted 7-2 to hold, with the latter favoring a cut. In the prior meeting only one member voted for a cut.

07/05 BP misses expectations as profits slip on weaker oil and gas prices

BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a "significantly weaker" margin in fuels.

07/05 UBS swings back to profit and smashes earnings expectations for the first quarter

It is the Swiss banking giant's first earnings report in the black since it completed the acquisition of fallen rival Credit Suisse.

06/05 European markets set to rise with global sentiment remaining stable after U.S. jobs data

European markets are set to advance Monday as traders continue to assess the possibility of rate cuts after softer-than-expected U.S. jobs data.

02/05 Oil giant Shell beats first-quarter profit estimates despite weaker gas prices

British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, despite a sharp downturn in natural gas prices in Europe.

02/05 Novo Nordisk beats profit estimates as sales of weight loss drug Wegovy more than double

Sales of popular weight loss drug Wegovy more than doubled to 9.38 billion kroner.

30/04 Euro zone inflation steady at 2.4%, keeping June rate cut in play as economy returns to growth

Price rises in the 20-nation euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter.

25/04 Barclays swings back to profit in first quarter amid strategic overhaul

Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.

25/04 Deutsche Bank reports 10% profit rise in first quarter, beating expectations

Deutsche Bank reported first-quarter earnings on Thursday.

22/04 EU threatens to suspend TikTok Lite’s money-for-views program over addiction fears

The European Union on Monday opened proceedings against ByteDance's TikTok and threatened to suspend its newly launched TikTok Lite rewards program.

18/04 European Central Bank should cut in June to avoid falling behind inflation curve, policymaker says

The European Central Bank should cut interest rates in June to avoid falling behind the inflation curve, according to one ECB policymaker.

18/04 World’s largest sovereign wealth fund posts $110 billion in first-quarter profit as tech stocks surge

Norway's giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($110 billion).

18/04 BP trims down executive team, picks new head of its gas and low carbon energy business

British oil major BP on Thursday trimmed the size of its executive team down to 10 members.

17/04 ECB June rate cut looks increasingly likely — but there are 'still some caveats,' German central bank chief says

Several ECB officials have made remarks about their expectations for interest rates in recent days.

17/04 Middle East tensions pose the biggest threat to rate cuts, European Central Bank policymaker says

Geopolitical risk is the biggest threat to a prospective June rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann.

17/04 UK inflation eases less than expected to 3.2% in March

Economists polled by Reuters expected a reading of 3.1%, down from 3.4% in February.

16/04 Lagarde says ECB will cut rates soon, barring any major surprises; notes 'extremely attentive' to oil

Her comments come shortly after the central bank gave its clearest indication to date that it could start cutting interest rates during its June meeting.

12/04 Bank of England scraps outdated inflation forecasting model in major overhaul after Fed boss' review

The Bank of England announced an overhaul of its inflation forecasting models following a long-awaited review by former Fed Chair Ben Bernanke.

11/04 European Central Bank holds interest rates, says cut 'appropriate' if inflation falls further

The euro zone's central bank held interest rates steady for a fifth straight meeting.

03/04 Euro zone inflation unexpectedly slows to 2.4% in March, with core print also below forecast

Economists polled by Reuters expected the rate to hold steady on the prior month at 2.6%.

26/03 UK court rules WikiLeaks founder Julian Assange can appeal his extradition to the U.S.

WikiLeaks founder Julian Assange on Tuesday was granted permission by a U.K. court to appeal the case against him.

25/03 EU launches probe into Meta, Apple and Alphabet under sweeping new tech law

The EU's probes into Apple, Alphabet and Meta are under the Digital Markets Act and focuses on the practices carried out by these tech giants on their services.

22/03 Princess Kate reveals she is in the early stages of treatment for cancer

The Princess of Wales, the former Kate Middleton, on Friday revealed she has undergone treatment for cancer following abdominal surgery.

21/03 Bank of England holds rates but says 'moving in the right direction' for cuts

The Bank of England on Thursday held interest rates steady at 5.25%, but hinted at cuts on the horizon as inflation falls faster than expected.

21/03 Switzerland becomes first major economy to cut interest rates in surprise move

The Swiss National Bank surprised the market with a decision to lower its main policy rate by 0.25 percentage points to 1.5%.

20/03 Ireland's Prime Minister Leo Varadkar unexpectedly resigns

Irish Prime Minister Leo Varadkar on Wednesday announced that he will step down as soon as his Fine Gael party names a new leader.

20/03 Gucci owner Kering tanks 14% after Asia profit warning, dragging down Europe luxury brands

French luxury group Kering warned Tuesday that Gucci sales look set to fall 20% in the first quarter as declining Asia sales continue to weigh on the fashion brand.

20/03 UK inflation slides to 3.4%, below expectations

U.K. inflation came in lower than expected at 3.4% year-on-year in February, official figures showed Wednesday, down from 4% in January.

19/03 Unilever to split off its ice cream unit including Ben & Jerry’s

Consumer goods giant Unilever said Tuesday that it is separating its ice cream unit, which includes Ben & Jerry's and Magnum, as part of a restructuring plan that will impact 7,500 jobs.

13/03 World’s first major act to regulate AI passed by European lawmakers

The European Union Parliament on Wednesday approved the world's first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment.

07/03 European Central Bank holds interest rates, cuts inflation and growth forecasts

Staff at the euro zone's central bank released their closely-watched macroeconomic projections Thursday.

01/03 Inflation remains sticky in Europe, with core prices cooling less than excepted

The headline figure previously came in at 2.8% in January, with further easing expected after price rises cooled in Germany, France and Spain.

26/02 Hungary votes to approve Sweden's NATO membership

The Scandinavian country will become the 32nd to join NATO.

21/02 HSBC pre-tax annual profit misses estimates on impairment costs; bank announces $2 billion further share buyback

20/02 Barclays posts fourth-quarter net loss, announces major strategic overhaul

Barclays on Tuesday reported a fourth-quarter net loss of £111 million ($139.8 million) as the British lender announced an extensive strategic overhaul.

15/02 UK economy slipped into technical recession at the end of 2023

The U.K. economy slipped into a deeper-than-expected technical recession in the final quarter of last year, initial figures showed Thursday.

14/02 UK inflation holds steady at 4%, lower than expected

U.K. inflation fell to 4% year-on-year in January, below expectations.

06/02 Oil major BP accelerates pace of share buybacks even as full-year profit slides over 50%

British oil giant BP on Tuesday reported weaker-than-expected annual profits, following declines in fossil fuel prices.

06/02 UBS beats earnings expectations, announces up to $1 billion share buyback

Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth $1 billion in the second half of the year.

02/02 Climate activist Greta Thunberg cleared of public order offense during London oil protest

Swedish climate activist Greta Thunberg on Friday was cleared of a public order offense over a protest at an oil and gas conference in October.

01/02 Divided Bank of England leaves policy unchanged, says interest rates are 'under review'

The Bank of England held interest rates steady at 5.25% on Thursday.

01/02 Euro zone inflation eases as expected, but core figures disappoint

Eurostat released flash euro zone inflation figures for January.

01/02 Oil giant Shell posts full-year profit beat, announces $3.5 billion share buyback

British oil giant Shell on Thursday beat expectations for full-year profit and announced a $3.5 billion share buyback program of $3.5 billion.

01/02 Deutsche Bank smashes profit estimates and boosts shareholder returns

Deutsche Bank on Thursday reported fourth-quarter net profit of $1.4 billion, beating expectations and providing some relief for shareholders.

30/01 Russian oligarch Dmitry Rybolovlev loses suit accusing Sotheby's of art fraud

Dmitry Rybolovlev accused the Sotheby's auction house of helping an art buyer defraud him when purchasing the Leonardo da Vinci painting Salvator Mundi.

30/01 World's largest sovereign wealth fund posts record $213 billion profit, boosted by tech stocks

Norway's sovereign wealth fund, the world's largest, was established in the 1990s to invest the surplus revenues of the country's oil and gas sector.

30/01 Euro zone economy narrowly skirts recession, stagnates in fourth quarter

Eurostat released flash euro zone growth figures for the euro zone Tuesday.

26/01 Jürgen Klopp announces shock Liverpool soccer club exit in blow for U.S. owners

Jürgen Klopp will step down as Liverpool manager at the end of this season, the club announced Friday.

26/01 UK opens antitrust probe into Vodafone merger with CK Hutchison's Three mobile network

Britain's competition watchdog said it is opening a probe into the proposed merger between Vodafone and the Three UK mobile network owned by CK Hutchison.

25/01 European Central Bank holds rates steady, gives no hint at cuts ahead

The European Central Bank on Thursday confirmed expectations that it would hold interest rates unchanged at their current record high.

24/01 Critical chip firm ASML smashes fourth-quarter expectations as it predicts similar sales for 2024

ASML, a Dutch company that makes machines required in the manufacturing of the world's most advanced chips, has been caught in the U.S.-China tech battle.

18/01 iRobot shares tank 30% on report EU plans to block Amazon acquisition

iRobot plunged on Thursday after a report said EU's antitrust watchdog intends to block Amazon's planned acquisition of the Roomba maker.

18/01 Watches of Switzerland shares plunge 30% after guidance cut

Watches of Switzerland shares plummeted on Thursday morning after the luxury watch retailer cut its guidance for fiscal 2024.

17/01 BP appoints Murray Auchincloss as permanent CEO

His appointment comes roughly four months after his predecessor Bernard Looney resigned after less than four years in the post.

17/01 UK inflation rate surprises with rise to 4%, led by alcohol and tobacco

U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December.

15/01 Possible there will be no rate cuts this year, European Central Bank member says

Market participants expecting a rate cut in April will be "deeply disappointed," Austria's Robert Holzmann said.

09/01 Hottest year on record puts Earth in touching distance of critical warming threshold, scientists say

Extreme heat is fueled by the climate crisis, the chief driver of which is the burning of fossil fuels.

05/01 Euro zone inflation rebounds in December, fueling rate-cut debates

Inflation in the euro zone climbed to 2.9% in December, up from 2.4%. Economists expected a reading of 3%.

20/12 UK inflation rate drops more than expected to 3.9% in November

U.K. inflation fell far more than expected in November to 3.9%, its lowest annual reading since September 2021.

18/12 EU opens infringement proceedings against X

The EU has opened infringement proceedings against Elon Musk's social media platform X, previously known as Twitter, Thierry Breton said Monday.

15/12 EU leaders fail to agree on a €50 billion aid package for Ukraine and on renegotiation of EU budget

The financial package could not be endorsed by all 27 leaders, who earlier Thursday agreed to open membership negotiations with Ukraine.

14/12 European Union leaders agree to open membership talks with Ukraine

Ukraine has seemingly moved one step closer to European Union membership after leaders in Brussels on Thursday agreed to open membership negotiations with the war-torn nation.

14/12 European Central Bank holds rates, will start shrinking balance sheet

A hold from the ECB was widely expected, but investors are more interested in the language it uses to describe the inflation outlook.

14/12 Bank of England leaves policy unchanged, says rates to stay high for 'extended period'

The Bank of England on Thursday kept its main interest rate unchanged at 5.25% and said monetary policy is "likely to need to be restrictive for an extended period of time."

13/12 Germany's Scholz announces 2024 budget plan after weeks of debt crisis talks

The German government on Wednesday announced its plans for its 2024 budget following weeks-long negotiations, including savings from its core budget.

13/12 Bank of England set to hold interest rates as economists debate 2024 cuts

The market is pricing an almost 100% chance of a hold on Thursday, but when the first rate cut will come remains a hot topic.

07/12 UK PM Rishi Sunak seeks to prevent right-wing revolt with 'toughest immigration law ever'

U.K. Prime Minister Rishi Sunak wants to shelve some human rights laws in order to get his flagship Rwanda policy through parliament.

30/11 Euro zone inflation sinks to 2.4%, below expectations

Euro zone price rises cooled to 2.4% November, flash figures showed.

16/11 Pedro Sanchez secures another term as Spain's prime minister, set to form government

Sanchez' investiture follows two failed attempts of right-wing opposition leader Alberto Núñez Feijóo to gain parliamentary support.

15/11 Siemens Energy clinches state guarantees as it posts a 4.6 billion euro annual loss

Siemens Energy has secured 7.5 billion euros in project-related state guarantees from the German government to safeguard the company's order book.

15/11 UK inflation falls by more than expected in October to 4.6%, lowest in two years

U.K. inflation fell sharply in October to a two-year low of 4.6% from 6.7% the previous month.

13/11 Former UK Prime Minister David Cameron made foreign minister in surprise political comeback

Former U.K. Prime Minister David Cameron was appointed foreign secretary Monday in a sweeping reshuffle of Rishi Sunak's cabinet.

13/11 UK Interior Minister Suella Braverman fired after she accused London police of political bias

U.K. Prime Minister Rishi Sunak on Monday reportedly fired controversial Interior Minister Suella Braverman as he begins a reshuffle of his top cabinet.

07/11 UBS posts bigger-than-expected quarterly loss as Credit Suisse integration costs pile up

UBS on Tuesday reported a bigger-than-expected third-quarter net loss of $785 million as it works to integrate fallen rival Credit Suisse.

02/11 Ferrari again raises guidance as customers opt for high-priced, personalized sports cars

Ferrari raised guidance after its third-quarter profit surged 46% year over year. Its customers continue to load up their new Ferraris with expensive options.

02/11 Bank of England leaves interest rates at 15-year high, says policy to stay tight for 'extended period'

Since the Bank of England's last economic projections, inflation has weakened, economic activity has softened and the labor market has shown signs of loosening.

02/11 Shell posts $6.2 billion third-quarter profit, announces $3.5 billion share buyback

The oil giant announced a $3.5 billion share buyback to be carried out over the next three months.

01/11 Aston Martin shares plunge 20% after volume target cut

Aston Martin shares plunged more than 16% on Wednesday morning after the British luxury carmaker cut its volume target due to production problems.

31/10 Euro zone inflation drops to two-year low in October; economy shrinks in third quarter

31/10 Oil major BP misses estimates for third quarter as profits plummet

This quarter, former CEO Bob Dudley left the oil major over failure to disclose relationships with colleagues this quarter.

26/10 European Central Bank holds interest rates steady after 10 consecutive hikes

The ECB ended its record run of rate hikes despite new upside risks to inflation.

26/10 Siemens Energy shares slide 32% after company seeks support from German government

Shares of Siemens Energy tumbled more than 32% on Thursday after the company sought guarantees from the German government.

25/10 Deutsche Bank net profit slides 8% in third quarter but beats expectations

Deutsche Bank reported a third-quarter net profit of 1.031 billion euros ($1.06 billion), slightly beating expectations.

24/10 Barclays narrowly beats profit forecasts on strong consumer, credit card business

Barclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in its consumer and credit cards businesses.

18/10 UK inflation holds steady for September after Bank of England pauses rate hikes

U.K. inflation came in at 6.7% in September, slightly ahead of expectations and unchanged from the previous month.