Commuters cycles past the Bank of England (BOE), left, in the City of London, UK, on Monday, Sept. 16, 2024. The central bank’s Monetary Policy Committee’s interest rate decision is scheduled for release on Sept. 19. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday said it would hold interest … Read more
A Google logo displays on a smartphone screen and the European flag on a computer screen. Nikolas Kokovlis | Nurphoto | Getty Images The European Union’s second-highest court on Wednesday said a 1.5 billion euro ($1.7 billion) fine imposed on Google by regulators should be annulled, siding with the U.S. tech giant after it challenged … Read more
LONDON — U.K. inflation held steady during the month of August, data from the Office for National Statistics showed Wednesday, and matched analyst expectations. The headline consumer price index (CPI) was in line with the previous 2.2% reading in July and also matched a prediction from a Reuters poll of economists. Headline CPI had come in at … Read more
UniCredit CEO Andrea Orcel during an interview at the World Economic Forum (WEF) in Davos, Switzerland, on Jan. 18, 2024. Bloomberg | Bloomberg | Getty Images UniCredit‘s CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could … Read more
Employees leave the Volkswagen plant in Zwickau after a works meeting. Europe’s largest car manufacturer had announced that, in view of the worsening situation, it would once again tighten its austerity measures at the core VW brand. Picture Alliance | Picture Alliance | Getty Images German automotive giant Volkswagen on Tuesday said it was scrapping … Read more
The European Union flag is seen with Google’s logo. Jaap Arriens | NurPhoto | Getty Images Europe’s top court on Tuesday upheld a 2.4 billion euro ($2.65 billion) fine imposed on Google for abusing its dominant position by favoring its own shopping comparison service. CNBC has reached out to Google for comment. The fine stems … Read more
Omar Marques | Sopa Images | Lightrocket | Getty Images Europe’s top court on Tuesday ruled against Apple in the tech giant’s 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a swathe of new product offerings, looking to revitalize its iPhone, … Read more
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images The Dutch government on Friday announced it is expanding export restrictions on advanced semiconductor manufacturing equipment, bringing more of ASML‘s machines under curbs. More types of chipmaking tools are now subject to … Read more
BRUSSELS, BELGIUM – MARCH 05: European Union Chief Brexit negotiator Michel Barnier speaks during a conference after the first round of UK-EU negotiations in Brussels, Belgium on March 05, 2020. Anadolu Agency French President Emmanuel Macron has named Michel Barnier, the European Union’s former Brexit negotiator, as prime minister in a bid to end a … Read more
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | Getty Images German carmaker Volkswagen on Monday warned it will no longer be able to rule out plant closures in the country, citing the specter … Read more
