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Breaking News: Europe

Siemens Energy shares slide 32% after company seeks support from German government

by Adrian Jhonsan
Siemens Energy shares slide 32% after company seeks support from German government

Siemens Energy shares plunged 31% on Friday morning after the company scrapped its profit forecast. Wolfgang Rattay | Reuters Shares of Siemens Energy tumbled more than 32% on Thursday after …

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Categories World

Barclays down 6.5% after warning of fourth-quarter cost-cutting charges

by Adrian Jhonsan
Barclays down 6.5% after warning of fourth-quarter cost-cutting charges

LONDON — Barclays shares retreated on Tuesday as investors assessed the prospect of cost-cutting charges, pressure on domestic interest margins and weak performance in formerly strong divisions. The bank reported …

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Categories World

Nokia to cut up to 14,000 jobs after profit plunges

by Ev Richard
Nokia to cut up to 14,000 jobs after profit plunges

Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Nokia on Thursday said it would cut up to 14,000 jobs as part …

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Categories Technology

UK inflation holds steady for September after Bank of England pauses rate hikes

by Adrian Jhonsan
UK inflation holds steady for September after Bank of England pauses rate hikes

Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images LONDON — U.K. inflation came in at 6.7% in September, slightly …

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Categories World

Climate activist Greta Thunberg arrested at London protest

by Adrian Jhonsan
Climate activist Greta Thunberg arrested at London protest

A police officer speaks to Swedish climate activist Greta Thunberg moments before she was arrested outside the InterContinental London Park Lane during the “Oily Money Out” demonstration organised by Fossil …

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Russia’s government lifts ban on most of its diesel exports

by Milton Acorn
Russia’s government lifts ban on most of its diesel exports

From February 5, 2023, the European Union will no longer purchase petroleum products such as diesel, gasoline or lubricants from Russia. Picture Alliance | Picture Alliance | Getty Images Russia’s …

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Categories Science

UK PM Rishi Sunak scraps major high-speed rail link as costs spiral

by Adrian Jhonsan
UK PM Rishi Sunak scraps major high-speed rail link as costs spiral

U.K. Prime Minister Rishi Sunak used his headline speech at the close of the conference to reassert his authority and outline a number of new policies. Hollie Adams | Pa …

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Categories World

Novartis unit Sandoz starts trading at 24 Swiss francs after completing spinoff

by Adrian Jhonsan
Novartis unit Sandoz starts trading at 24 Swiss francs after completing spinoff

Novartis said in August that it plans to spin off its generics unit Sandoz to sharpen its focus on its patented prescription medicines. Bloomberg | Bloomberg | Getty Images Novartis …

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Categories World

Euro zone inflation fell to 4.3% in September, lowest level since October 2021

by Adrian Jhonsan
Euro zone inflation fell to 4.3% in September, lowest level since October 2021

Fresh fruit on display at a produce stall inside a covered market in central Madrid, Spain, on Wednesday, Aug. 30, 2023. Bloomberg | Bloomberg | Getty Images Annual inflation in …

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Categories World

Spain’s right-wing leader fails in first bid to become prime minister

by Adrian Jhonsan
Spain’s right-wing leader fails in first bid to become prime minister

Alberto Nunez Feijoo, leader of the People’s Party, speaks during a protest rally in Madrid, Spain on Sunday, Sept. 24, 2023. Bloomberg | Bloomberg | Getty Images Spain’s right-wing opposition …

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Categories World
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