The Euro, British pound, and Swedish Krona all rose against the U.S. dollar on Tuesday following the release of an array of European economic data. This includes UK and eurozone job figures.
While the Swedish crown rose 0.12% to 10.3795 crowns per dollar, the sterling rose 1.25% to $1.1906; a...
The borrowing costs in the European Union are expected to increase in the near future after the European Central Bank (ECB) announced another interest rates hike over the “next several meetings.” The ECB already increased the interest rates earlier in September by unprecedented 75 basis points.
President Christine Lagarde confirmed...
The rise of natural gas prices in Europe showed no signs of slowing down on Wednesday as the continent continues to exhibit concerns over whether or not it will have a sufficient supply of gas for the impending winter.
After several weeks of bottlenecked supply from Russia, prospects for replenishment...
Bank of England warned the British citizens recently to prepare themselves to face interest rate rises earlier than expected. This hike is influenced by the inflation pressure that is affecting the U.K.
BoE governor Andrew Bailey explained during an interview that there is much concern over Britain's inflation rate rising...
As China continues to fuel the global fight for energy supplies, European gas reached a record value of 100 euros. The surge, which threatened to compromise economic recovery, experienced a halt as prices marginally retreated later in the day.
According to several sources that are familiar with the matter, China...
Faced with a severe shortage of truck drivers, the United Kingdom is expected to issue temporary visas to foreign drivers and ease typical visa rules. This comes as the driver shortage leads to the rationing of fuel at filling stations as well as the issuing of warnings by retailers...
In an effort to raise capital, low-cost airline EasyJet Plc is looking to sell 1.2 billion pounds ($1.65 billion) worth of shares in the company. This comes after the airline reportedly rejected an unsolicited takeover approach because this would undermine the values of the company.
In order to create an additional...
Italy's antitrust regulator announced recently that it will be officially launching a probe into a technical and distribution deal between sports streaming app DAZN and Telecom Italia, in which DAZN secured the rights to screen Italian Serie A soccer matches over the next three seasons for a 2.5 billion...