The Euronext NV stock exchange in Paris. Nathan Laine | Bloomberg | Getty Images LONDON — European stock markets opened in mixed territory on Monday, as traders digested rising tensions in the Middle East following strikes by both Israel and Hezbollah over the weekend. The German Dax fell 0.18% at the open, while Italy’s FTSE … Read more
Fifteen people survived, including Mike Lynch’s wife TERMINI IMERESE, ITALY: An Italian prosecutor has opened a manslaughter investigation into the deaths of British tech magnate Mike Lynch and six other people who were killed when a luxury yacht sank off Sicily this week. The public prosecutor’s office of Termini Imerese, headed by Ambrogio Cartosio, announced … Read more
The body of British tech magnate Mike Lynch has been retrieved from the wreck of his family yacht that sank off the coast of Sicily during a violent storm, a source close to the rescue operation says. Lynch’s 18-year-old daughter Hannah is still unaccounted for, the source said. The bodies of the other four people … Read more
A lawyer who is among six people feared dead after a superyacht sank in a storm off Italy wrote about his family’s “happily ever after” in one of his final social media posts just weeks before tragedy struck. Christopher Morvillo, 59, was on board the luxury sailboat Bayesian, a 56m British-flagged yacht, when it was … Read more
Police divers have resumed searching for six people believed trapped in the hull of a superyacht that sank in a storm off Sicily, including a British tech magnate recently acquitted of fraud charges, his lawyer and a key defence witness at trial. The resting place of the luxury sailboat, off Porticello, is 50m under water … Read more
London’s Bishopsgate, the British capital’s financial district. Vuk Valcic | Sopa Images | Lightrocket | Getty Images LONDON — European stocks are expected to start the new trading week in mixed territory, after global markets rallied last week. The U.K.’s FTSE index is seen opening 11 points lower at 8,299, Germany’s DAX down 13 points … Read more
Tourists visiting the city take boat trips on the canals in Amsterdam, Netherlands on May 25, 2024. Anadolu | Anadolu | Getty Images LONDON — European stocks nudged just above the flatline in late trade Thursday, helped along by a revival in confidence around the U.S. economy. The pan-European Stoxx 600 index closed 0.02% higher … Read more
Banking analysts assess the possibility of a banking merger in Italy. Bloomberg | Bloomberg | Getty Images MILAN, Italy — European policymakers have longed for bigger banks across the continent. And Italy might be about to give them their wish with a bumper round of M&A, according to analysts. Years after a sovereign debt crisis … Read more
A stock exchange in Germany. Torsten Silz | AFP | Getty Images LONDON — European stocks fell sharply at the start of Monday’s session, as global volatility continues amid concerns of a looming U.S. recession. The regional Stoxx 600 index was 2.2% lower by 9:24 a.m. London time, with all sectors and major regional bourses … Read more
Years ago, the manager of a hotel in Koh Samui, Thailand told me about an unusual booking that he once received during the middle of the night. A traveler had flown his entire family via private jet from Brunei to the Thai island after learning upon landing in Brunei that it is a “dry country” … Read more
