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Europe News

Disgruntled Europeans hit out at banks for not passing on higher rates on savings

Taylor Daemon Aug 31, 2023

A customer exits a Piraeus Bank SA bank branch in Thessaloniki, Greece.Bloomberg | Bloomberg | Getty Images"They just want profits, they don't think about people." Those words from…

Europe

France pays winemakers to rip up vines as famous Bordeaux region faces uncertain future

Taylor Daemon Aug 28, 2023

A worker uses a backhoe to grub up an area of vines during snow fall in a vineyard in Haux, some 25 kms southeast of Bordeaux, southwestern France, on January 18, 2023.Romain…

Europe

Economic data in Europe just went from bad to worse

Taylor Daemon Aug 23, 2023

An emloyee works on the assembling of a brake caliper for an electric vehicle in Dueren, western Germany.Ina Fassbender | Afp | Getty ImagesEuropean business activity contracted…

Europe

After plunging into the political mainstream, Italy’s far-right leader Giorgia Meloni is now shocking markets and…

Taylor Daemon Aug 23, 2023

Italian Prime Minister Giorgia Meloni.Antonio Masiello | Getty Images News | Getty ImagesAfter plunging into the political mainstream and winning over her more moderate…

Europe

No rate hikes or cuts — Commerzbank CFO says the European Central Bank has likely hit pause

Taylor Daemon Aug 4, 2023

The European Central Bank has likely pressed pause on its rate hiking cycle, the chief financial officer of Commerzbank told CNBC on Friday.The ECB raised interest rates in July,…

Europe

Societe Generale returns to profit, but comes under pressure in its home market

Taylor Daemon Aug 3, 2023

French bank Societe Generale reported second quarter results for 2023.Chesnot | Getty Images News | Getty ImagesSociete Generale returned to profit in the second quarter of this…

Europe

Euro zone economy shows resilience as second-quarter GDP beats expectations and inflation slips

Taylor Daemon Jul 31, 2023

Spain, Barcelona, Mercat de Sant Antoni Market, fresh fruit vendor display. (Photo by: Jeff Greenberg/Education Images/Universal Images Group via Getty Images)Jeff Greenberg |…

Europe

The Bank of Japan just shocked markets with a policy tweak — here’s why it matters

Taylor Daemon Jul 28, 2023

Kazuo Ueda, governor of the Bank of Japan (BOJ).Bloomberg | Bloomberg | Getty ImagesThe Bank of Japan announced Friday "greater flexibility" in its monetary policy — surprising…

Europe

European Central Bank raises rates by a quarter percentage point, says inflation set to remain ‘too high for too long’

Taylor Daemon Jul 27, 2023

The European Central Bank announced a new rate decision Thursday.Daniel Roland | AFP | Getty ImagesThe European Central Bank on Thursday announced a new rate increase of a quarter…

Europe

Barclays announces share buyback as second-quarter profit meets target

Taylor Daemon Jul 27, 2023

Barclays bank reported second quarter earnings Thursday.Bloomberg | Bloomberg | Getty ImagesBarclays reported a net income of £1.3 billion ($1.68 billion) for the second quarter,…

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