UBS CEO Sergio Ermotti on Tuesday, May 7, 2024. Bloomberg | Bloomberg | Getty Images After an intense weekend of negotiations in March 2023, Swiss banking giant UBS…
Read more UBS veteran boss Ermotti may have pulled off the deal of the decade with the Credit Suisse rescueAs a dual citizen of the U.S. and the U.K., Maisy Dewey always dreamed of living in London. Her mother is American and her father was born and…
Read more This couple pays $2,236/month to live on a 65-ft houseboat in London—take a look insideFrom the rollercoaster housing market or to the rising costs of groceries, it seems like everyone has reason to be a little stressed out. But, according to a…
Read more Minnesotans are the least stressed out people in AmericaIt looks like more smooth sailing for the cruise industry. An October survey from Condé Nast Traveler revealed that 47% of people said they would be interested in…
Read more These are the top 4 cruise lines in the world, according to travelersA.P. Moller-Maersk, is one of the world’s biggest container shippers with a market share of around 17%, and is widely seen as a barometer of global trade. Andia…
Read more Shipping giant Maersk unveils ‘trendsetter’ green vessel as it aims to be carbon neutral by 2040European bank shares dropped significantly in August after a surprise announcement from the Italian government for a new tax. Stefano Montesi – Corbis | Corbis News | Getty…
Read more ‘Very stupid’: Italy’s bank tax remains controversial as government scrambles to update itEurope is facing the impact of a “double crisis,” but the region can avoid a recession, Paolo Gentiloni, the European Commissioner for economic affairs, told CNBC on Saturday.…
Read more EU economics chief says Europe is gripped by a ‘double crisis’ — but it can avoid a recessionA 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…
Read more Disgruntled Europeans hit out at banks for not passing on higher rates on savingsItalian Prime Minister Giorgia Meloni. Antonio Masiello | Getty Images News | Getty Images After plunging into the political mainstream and winning over her more moderate counterparts in…
Read more After plunging into the political mainstream, Italy’s far-right leader Giorgia Meloni is now shocking markets and upsetting big businessThe 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…
Read more No rate hikes or cuts — Commerzbank CFO says the European Central Bank has likely hit pauseFrench bank Societe Generale reported second quarter results for 2023. Chesnot | Getty Images News | Getty Images Societe Generale returned to profit in the second quarter of…
Read more Societe Generale returns to profit, but comes under pressure in its home marketThe Bank of Japan headquarters in Tokyo. Bloomberg | Getty Images The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets.…
Read more The Bank of Japan just shocked markets with a policy tweak — here’s why it mattersBarclays bank reported second quarter earnings Thursday. Bloomberg | Bloomberg | Getty Images Barclays reported a net income of £1.3 billion ($1.68 billion) for the second quarter, in…
Read more Barclays announces share buyback as second-quarter profit meets targetBARCELONA, SPAIN – JULY 23: A man votes at historical building of Universitat de Barcelona on July 23, 2023 in Barcelona, Spain. Voters in Spain head to the…
Read more Spain’s right-wing parties could win a parliamentary majority, exit polls show after key electionA banner showing an image depicting Alberto Nuñez Feijoo, leader of the PP Party. Voters in Spain head to the polls on July 23 to cast their votes…
Read more Spain votes in a major election that could bring the far right back to powerFresh PMI data came in below expectations and pointed to an economic slowdown. Bloomberg | Bloomberg | Getty Images Business activity growth in Europe slowed in June, pointing…
Read more European business activity slows in June as higher interest rates begin to biteDollar, yuan, yen and euro notes. Ullstein Bild Dtl. | Ullstein Bild | Getty Images From hawkish pauses to rate hikes and dovish tones, the world’s biggest central…
Read more Rate cuts, hikes and pauses: The world’s central banks just made very different decisionsThe European Central Bank announced Thursday a new rate decision. Daniel Roland | Afp | Getty Images The European Central Bank on Thursday announced a new rate increase…
Read more European Central Bank raises rates by 25 basis points after Fed opts to pauseU.S. President Joe Biden wants to de-risk from China. Mandel Ngan | Afp | Getty Images The G-7 issued its strongest ever message to China over the weekend,…
Read more Isolating China will be ‘impossible and dangerous,’ analyst says, as the G-7 gets tough on BeijingU.S. President Joe Biden (R) meets with President of European Commission Ursula von der Leyen (L) in the White House. Both want to accomplsish as much as possible…
Read more European officials are quietly preparing for the possibility Biden loses the next election
