Europe stocks close slightly lower European stocks ended Monday’s session narrowly in the red, with the regional Stoxx 600 down 0.13%. The index closed 0.56% higher last week after two weeks of losses, but is currently on course for its first monthly decline of the year. The Stoxx 600 has …
Larry Summers predicts a ‘new miracle drug’ will emerge every couple of years Larry Summers, president emeritus and professor at Harvard University, at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025. Stefan Wermuth | Bloomberg | Getty Images Speaking on a panel moderated by CNBC’s …
Euro, sterling fall against U.S. dollar The euro and British pound were both around 0.2% lower against the U.S. dollar in mid-morning trade, coming off solid gains against the greenback in the previous session. Investors are continuing to assess the impact of U.S. President-elect Donald Trump’s upcoming increase in trade …
Commerzbank reports third-quarter drop in net profit Commerzbank posted a 6.2% drop in net profit to 642 million euros in the third quarter amid a broader drop in net interest income and higher risk provisions. The lender nevertheless said it has lifted its 2024 expectations for net interest and net …
Private school fees to rise from January An exterior view of Dulwich College in south London, on 22nd October 2024, in London, England. Richard Baker | In Pictures | Getty Images Private school fees will rise from January 2025 with the introduction of a 20% VAT charge. Traditionally, private schools …
Investors may be disappointed by a lack of clear forward guidance from the ECB, Saxo Bank says The European Central Bank is poised to deliver a quarter-point interest rate cut on Thursday, but strategists at Saxo Bank have warned investors that the central bank is unlikely to offer any clear …
Defence Secretary Grant Shapps loses seat in parliament U.K. Defence Secretary Grant Shapps lost his seat in Welwyn Hatfield in Thursday’s parliamentary election. He was defeated by Labour’s Andrew Lewin who got 41% of the votes versus Shapps’ 33.2% share. The Conservative MP, who received 16,078 votes, has sat in …
European Central Bank hikes inflation outlook for 2024, 2025 The European Central Bank’s Governing Council raised its closely-watched quarterly inflation forecast at its June meeting. Staff now see average annual inflation at 2.5% in 2025, up from a 2.3% forecast issued during the March meeting. The projection for 2025 was …
Ukraine to receive F-16s ‘very soon’ but much aid arriving late, defence minister says Ukraine will receive its first supplies of F-16 fighter jets “very soon”, but around half of its desperately needed foreign military aid is arriving late, Kyiv’s defence minister has said. Rustem Umerov, 42, told Reuters in …
EU reportedly expands sanctions against Iran for Russian drone supplies The European Union on Friday agreed a new wave of sanctions against Iranian entities supplying drones to Russia for use in Ukraine, diplomats told Reuters. Iran’s Defense Minister Mohammad-Reza Ashtiani is among nine individuals and entities targeted by the new …