BRUSSELS, BELGIUM – NOVEMBER 27: Christine Lagarde, President of the European Central Bank speaks during the European Parliament’s Committee on Economic and Monetary Affairs (ECON) meeting in Brussels, Belgium on Nevember 27, 2023. (Photo by Dursun Aydemir/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The European Central Bank on Thursday held interest rates … Read more
Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The Bank of England on Thursday kept its main interest rate unchanged at 5.25% and said monetary policy is … Read more
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England is all but certain to keep its main interest rate unchanged at 5.25% for a third consecutive meeting on Thursday, but economists are … Read more
LONDON, ENGLAND – DECEMBER 06: Britain’s Prime Minister Rishi Sunak departs from number 10, Downing Street ahead of the weekly PMQ session in the House of Commons on December 06, 2023 in London, England. (Photo by Leon Neal/Getty Images) Leon Neal | Getty Images News | Getty Images LONDON — U.K. Prime Minister Rishi Sunak … Read more
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy has secured 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government, hours before announcing a nearly 5 billion euro loss for its fiscal year. The German economy ministry announced late on Tuesday that … Read more
Shoppers pass along the main high street in Whitstable, UK. Bloomberg | Bloomberg | Getty Images LONDON — U.K. inflation fell sharply in October to 4.6% from 6.7% the previous month, hitting a two-year low. The headline consumer price index was flat on a monthly basis. Economists polled by Reuters had expected the headline CPI … Read more
LONDON, ENGLAND – JUNE 19: Former British Prime Minister David Cameron leaves after giving evidence at the Covid-19 inquiry on June 19, 2023 in London, England. The UK Covid-19 Inquiry is examining the UK’s response to and impact of the Covid-19 pandemic and learning lessons for the future. (Photo by Carl Court/Getty Images) Carl Court … Read more
UK Home Secretary Suella Braverman attends the weekly government cabinet meeting at 10 Downing Street on May 23, 2023 in London, England. Leon Neal | Getty Images News | Getty Images LONDON — U.K. Prime Minister Rishi Sunak on Monday reportedly fired controversial Interior Minister Suella Braverman, as he begins a reshuffle of his top … Read more
A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. Denis Balibouse | Reuters UBS on Tuesday reported a bigger-than-expected third-quarter net loss of $785 million as it works to integrate fallen rival Credit Suisse. Analysts polled by Reuters had anticipated the Swiss banking giant would record quarterly net loss of … Read more
The Ferrari original factory entrance. Courtesy: Ferrari Ferrari on Thursday said its third-quarter profit jumped 46% from a year ago as its wealthy customers continued to choose expensive “personalization” options for their new cars. As it did last quarter, Ferrari again boosted its guidance for the full year following the results. Ferrari now expects 2023 … Read more