Christine Lagarde, president of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty Images The European Central Bank left interest rates unchanged on Thursday, after implementing a cut in June. “Monetary policy is keeping financing conditions restrictive. At the same time, domestic price pressures are still high, services inflation is elevated and headline inflation … Read more
ASML logo is seen at the headquarters in Veldhoven, Netherlands, June 16, 2023. Piroschka Van De Wouw | Reuters ASML reported second-quarter earnings and sales that beat forecasts as it continues to see a recovery in demand for its machines that are required to make the world’s most advanced chips. Here’s how ASML did versus … Read more
Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong. Xaume Olleros | Bloomberg | Getty Images Shares in Burberry plunged over 15% in early trading on Monday after a disappointing first-quarter performance led it to issue a profit warning, replace its CEO and axe its dividend. … Read more
Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, speaks at the Milken Conference 2024 in Beverly Hills, California, May 6, 2024. David Swanson | Reuters Elon Musk’s X is in breach of EU online content rules as the social media platform uses “dark patterns” to deceive users, the European Commission … Read more
The Samsung Galaxy Ring has the ability to track various health metrics such as heart rate. It is Samsung’s first foray into the smart ring category of product as it hopes to keep users locked into its ecosystem of devices from smartwatches to smartphones. Arjun Kharpal | CNBC PARIS — Samsung launched the Galaxy Ring … Read more
LONDON — European stocks ticked higher in morning trade on Monday, as markets reacted to an expected hung parliament in France after a surprise win for a left-wing coalition of parties. The French CAC 40 erased earlier losses to rise 0.2% by 8:35 a.m. London time (3:35 a.m. ET). The euro was flat against the … Read more
A woman steps out of a polling booth prior to cast her vote in the first round of parliamentary elections in Le Touquet, northwestern France, on June 30, 2024. Ludovic Marin | Afp | Getty Images LONDON — France’s left-wing New Popular Front coalition is set to unexpectedly win the most seats in the second … Read more
Nigel Farage speaks during a campaign meeting, on June 3, 2024. Henry Nicholls | Afp | Getty Images Populist politician Nigel Farage has won his first-ever seat in the U.K.’s parliament as he looks to shake up the country’s politics with his right-wing Reform UK party. The win by the infamous Brexiteer follows seven failed … Read more
Reform Party leader Nigel Farage poses in a boxing ring on July 3, 2024 in Clacton-on-Sea, England. Dan Kitwood | Getty Images News | Getty Images One of the biggest surprises of Britain’s election night so far has been the gains seen by the right-wing Reform UK party, which is forecast to win numerous parliamentary … Read more
Headline inflation in the euro area dipped to 2.5% in June, the European Union’s statistics agency said Tuesday, while the closely watched core and services prints held steady. The headline figure was in line with the expectations of economists polled by Reuters. In May, inflation had nudged 0.2 percentage point higher, to 2.6%. Core inflation, … Read more
