Europe
European finance: the eurozone, the City of London, the ECB and the continent’s companies and markets.
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Korean market expects unanimous BoK rate rise
Governor Shin Hyun-song has said on three occasions since taking office after the May policy meeting that higher interest rates ar…
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Abivax $920 million cash haul lets it prepare for solo U.S. launch instead of relying on a buyer, CEO tells CNBC
Its latest fundraising round provides the French biotech with enough cash to finance operations through 2029.
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EasyJet pops 13% as airline weighs $7.7 billion rival takeover bid from Apollo
A bidding war has broken out for budget carrier easyJet after Apollo and Castlelake have both submitted takeover offers.
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Volkswagen unveils four-year plan but lacks backing for overhaul with up to 100,000 job cuts
Volkswagen's proposed restructuring plan failed to win backing from the labour bloc on the company's supervisory board on Thursday…
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France adds a new millionaire every 15 minutes. How does Europe compare?
Eastern Europe recorded the fastest growth in dollar millionaires in percentage terms, while the UK, France and Spain ranked just …
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AstraZeneca stock drops 9% after heart drug trial miss deals rare blow to pharma powerhouse
A late-stage clinical trial failed to miss its primary endpoint, U.K.'s laregst drugmaker said Thursday.
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'Digital euro will not replace cash,' Lagarde tells Euronews as negotiations advance
European Central Bank President Christine Lagarde rejected claims in an exclusive interview with Euronews that the digital euro is…
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Spain's BBVA bank and former chairman to stand trial over alleged corporate espionage
BBVA was placed under investigation in July 2019 for allegedly hiring a private investigation agency to spy on politicians, journa…
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Trump can halt trade with Spain using law behind scrapped tariffs: Greer
Trump asserted that IEEPA authorized him to slap tariffs on nearly every country, but the Supreme Court struck down those import d…
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Growing momentum for EU joint borrowing, Cuerpo tells Euronews
Spanish Finance Minister Carlos Cuerpo used finance ministers' meetings in Brussels to promote his €850 billion proposal for joint…
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EU to probe Chinese Pekin duck imports as market-flooding row hots up
Trade negotiations launched last week between Brussels and Beijing could be disrupted by an EU investigation into Chinese Pekin du…
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SK hynix: From near-collapse to a $1 trillion valuation and a Nasdaq listing
SK hynix, the South Korean chipmaker whose memory chips power AI data centres around the world, lists on the Nasdaq this week in o…
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A World Bank for defence? The lender that Europe's big powers have yet to join
Nine countries have thrown their weight behind a new multilateral bank designed to bankroll Western rearmament, but the notable ca…
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Commission to tighten access to EU market as foreign interference concerns rise
A draft document shows that the EU wants to allow the exclusion of foreign companies that pose security risks from its public proc…
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Digital euro enters final round of EU negotiations
The European Parliament and EU governments are entering the final phase of negotiations on the digital euro. The most sensitive is…
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Cerebras targets Europe with multibillion-dollar AI expansion, challenging Nvidia
American AI chip startup Cerebras accelerates its European expansion with 200MW of AI compute capacity by the end of 2027, challen…
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Exclusive: EU to revise crypto rules in 2027 amid Trump's push for digital assets
The European Union is set to revise its Markets in Crypto-Assets Regulation (MiCA) to cover non-EU issuers and broaden its scope, …
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Premier League clubs' pre-tax losses surged more than 600% in a single season
English top-flight football clubs saw their combined pre-tax losses balloon from £135 million (€158mn) to £948 million (€1.1bn) in…
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Spain pitches €850bn per year in common EU borrowing
Spanish Economy Minister Carlos Cuerpo will pitch a new common debt mechanism ahead of a meeting of euro-area finance ministers in…
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Billions behind the push for higher-value food and metal exports
Uzbekistan wants to earn more from what it already produces. Food processing, steel, copper and technological metals are central t…
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Trump renews Greenland threats at NATO summit, says U.S. could remove troops from Europe
NATO fell into a crisis earlier this year as Trump demanded that the U.S. must take control of Greenland on national security grou…
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Morocco multiplies its olive oil sales to Spain 100-fold: is it taking over the market?
Imports of Moroccan olive oil have surged 9,979% in a year, according to DataComex. The figure is real but starts from just 103 to…
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Trump ally Nigel Farage quits UK parliament amid finance scandal to fight special election
Reform U.K. leader Nigel Farage has quit as MP for Clacton, forcing a by-election that he has said he will fight.
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ECB tells Europe's biggest banks to prepare for AI-powered cyber threats
The European Central Bank has given the eurozone's largest lenders until the end of October to explain how they will strengthen th…