Yulia Navalnaya, wife of late Russian opposition leader Alexei Navalny, attends the Munich Security Conference (MSC), on the day it was announced that Alexei Navalny died by the prison service of the Yamalo-Nenets region where he had been serving his sentence, in Munich, southern Germany on February 16, 2024. Kai Pfaffenbach | Afp | Getty … Read more
Arc of Triomphe Paris, Champs-Elysees France at night vichie81 / iStock / Getty Images Plus LONDON — Around a half of European companies missed earnings expectations in the latest reporting season despite already low expectations, analysts told CNBC, who predicted that the region will continue to struggle amid high interest rates. As of Feb. 29 … Read more
French President Emmanuel Macron welcomes Ukraine’s President Volodymyr Zelenskyy and German Chancellor Olaf Scholz for a meeting at the Elysee Palace in Paris, France, February 8, 2023. Sarah Meyssonnier | Reuters Munich, GERMANY — Should we borrow from global markets as one combined entity and raise new debt together? That’s the question hanging on the … Read more
A farmer pulls waste to block the RN 19 near in Vesoul, eastern France, on January 25, 2024. Sebastien Bozon | Afp | Getty Images The European Union prides itself on being a champion for the environment. But that reputation is now being firmly tested, after it toned down its climate policies following angry farmer … Read more
Turkish President Recep Tayyip Erdoğan (left) and Swedish Prime Minister Ulf Kristersson shake hands in front of NATO Secretary-General Jens Stoltenberg prior to their meeting, on the eve of the NATO summit in Vilnius on July 10, 2023. Yves Herman | Afp | Getty Images BRUSSELS — Sweden expects Turkey to approve its NATO membership … Read more
Italian Prime Minister Giorgia Meloni. Antonio Masiello | Getty Images News | Getty Images Italy could face yet more economic pressure as the European Union faces a standoff over new debt rules. The 27 member states of the EU have been at odds over new debt rules for several months. The idea is to make … Read more
Peter Carlsson, chief executive officer of Northvolt AB, speaks during a news conference in Montreal, Quebec, Canada, on Thursday, Sept. 28. 2023. Bloomberg | Bloomberg | Getty Images The U.S. Inflation Reduction Act has driven Swedish battery maker Northvolt to announce for a factory in Canada earlier than originally expected, in a concrete example of how Biden’s policy … Read more
Executive Vice President and European Commissioner for Trade Valdis Dombrovskis. Pedro Pardo | Afp | Getty Images Non-Chinese brands of electric cars, such as Tesla and BMW, could be examined as part of an ongoing subsidy investigation on China that the European Union kicked off earlier this month. “There’s a lot of speculation, but at … Read more
It is “premature” to bet on a cut to interest rates, Francois Villeroy de Galhau, France’s central bank governor, told CNBC, as market players consider whether the European Central Bank has reached peak rates. “We should remain at this level for a sufficiently long period of time,” he told CNBC’s Annette Weisbach exclusively on Monday. … Read more
A.P. Moller-Maersk, is without doubt one of the world’s largest container shippers with a market share of round 17%, and is broadly seen as a barometer of worldwide commerce. Andia | UIG through Getty Pictures Copenhagen, DENMARK — Delivery big Maersk on Thursday offered its first container vessel moved with inexperienced methanol, a landmark second … Read more