A road closure sign leans against a wall outside Royal Exchange in the heart of the City of London, on 13th June 2022, in London, England. Richard Baker | In Pictures | Getty Images U.K. economic growth flatlined in July, according to data published Friday, adding to Chancellor Rachel Reeves’ headache ahead of the Autumn…
The European Central Bank held interest rates steady on Thursday as economic uncertainty persists in the wake of U.S. Donald Trump’s aggressive tariff agenda. Ahead of the decision, markets had been pricing in an around 99% chance of the ECB’s key deposit facility rate being left at 2% for the second consecutive time. The central bank…
Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025. Shelby Knowles | Bloomberg | Getty Images Danish pharmaceutical giant Novo Nordisk on Wednesday announced plans to cut around 9,000 roles, or roughly 11.5% of its global workforce. “Novo Nordisk today announced a company-wide transformation to simplify its organisation, improve the speed…
Chancellor Rachel Reeves poses with the red box outside number 11 Downing Street on October 30, 2024 in London, England. This is the first Budget presented by the new Labour government and Chancellor of the Exchequer, Rachel Reeves. Dan Kitwood | Getty Images News | Getty Images The U.K. Treasury on Wednesday revealed Finance Minister…
European consumers are facing higher prices when going to the supermarket. Andia | Universal Images Group | Getty Images Euro zone inflation edged higher to 2.1% in August, according to the latest flash data from statistics agency Eurostat on Tuesday. Economists polled by Reuters had expected the rate to remain unchanged from July, at 2%….
A vendor gives a customer change at stall at a farmers market in Hanau, Germany, on Saturday, Aug. 9, 2025. Alex Kraus | Bloomberg | Getty Images Increases in unemployment and inflation cast a shadow over the outlook for Europe’s largest economy, which joins the wider EU bloc in bracing for the full impact of…
European stock markets moved lower on Friday as attention turned to inflation prints from some of the region’s biggest economies, along with the U.S. By 8:31 a.m. in London (3:31 a.m. ET), the pan-European Stoxx 600 was 0.2% lower, with most sectors in negative territory. Among major regional bourses, the French CAC 40 led losses…
European stock futures pointed to a lower open on Tuesday as global investors monitored U.S. President Donald Trump’s latest attempted intervention in the running of the Federal Reserve. Trump’s announcement on social media that he had fired Federal Reserve Board Governor Lisa Cook drove Asia-Pacific markets and U.S. futures lower. Cook said in a Monday statement that Trump…
Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England voted by a fine margin to cut interest rates from 4.25% to 4% on Thursday as the central…
Allianz shares jump after earnings beat Allianz shares were 5.5% higher by 9:48 a.m. in London (4:48 a.m. ET), after the company confirmed its full-year targets and beat expectations in the second quarter with a 13% jump in net profit. The German insurer said its second quarter results were boosted by the property-casualty segment. —…
