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...
The family of the founder of British airline EasyJet made the monumental decision on Thursday to sell a small portion of its share in the company. According to a regulatory filing made during the same day, the Haji-Ioannou family's stake in the company was reduced from 26.7% to 25.3% following...
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...
With the release of strong economic data from the U.S. and Europe keeping investors' confidence afloat, European shares have been inching ever closer to record numbers. The pan-European STOXX 600 index rose 0.1%, hovering just below its all-time record high. Energy and consumer stocks emerged as the biggest winners...
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...
With Germany opening vaccinations to all sectors of the population, the German government has acknowledged the lasting economic effect that the pandemic has had on local businesses, deciding to extend its economic aid to companies that have been damaged by the coronavirus pandemic until the end of September.
Originally revealed...
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...
With U.K. inflation rising above the Bank of England's (BoE) benchmark to 2.1%, European stocks at large opened higher on Wednesday morning. Despite data showing that the national cost of living had reached its highest levels in May since 2019, the FTSE 100 still opened up 0.6%.
While analysts expected...
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...
COVID-19 vaccine maker Moderna is looking to deliver its shipment of vaccines promised to Germany earlier than expected, Dan Staner, its European head, stated on Thursday. The biotech firm is aiming to deliver 80 million doses by the end of 2021, a figure that is in line with the...