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...
Top British asset management firm Aviva Investors has revealed its intention to distance itself from companies that do not meet its requirements in terms of efforts put towards tackling climate change. This includes those in the oil, gas, mining, and utility sectors.
Chief investment officer for equities David Cumming is...
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...
In response to the current global semiconductor shortage, Volkswagen has called on European governments to allocate more capital towards boosting the chip manufacturing sector.
According to Markus Duesmann, the Volkswagen board member in charge of research & development and head of luxury unit Audi, the German vehicle manufacturer will not...
Concerns over market inflation swept across the UK on Wednesday due to the release of new data showing a surge in prices across the nation. According to figures provided by the Office for National Statistics, UK inflation more than doubled in the last month to 1.5%; slightly higher than...
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...
In order to prevent the nation's economy from further harm caused by the ongoing COVID-19 pandemic, Greece's government intends to inject another 2.5 billion euros ($3 billion) into its already struggling economy. Currently, the Mediterranean nation finds itself coming to grips with an overwhelmed healthcare system while at the...
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...
The Swedish Coop grocery store chain closed 800 of its stores nationwide on Saturday after a ransomware attack on its American IT provider prevented employees from managing to operate cash registers. The attack, which took place on Friday, led to the successful hijacking of the widely used technology software...
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...