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Business

Nokia sees double-digit fall in Q2 profit with weak sales in 5G market

Similarly to its Swedish rival Ericsson, Nokia has suffered from customers buying less telecom equipment and operators cutting back on investments into 5G leading to many lay-offs in response.

Business

What would a UK-EU thaw mean for financial services?

An improved Brexit deal under new UK Prime Minister Keir Starmer’s Labour government could aid the City of London – but it won’t bring back lost jobs, experts say.

Climate

Germany could owe €16.2 billion for missing EU climate targets

Only six of the 27 EU member states have submitted national climate plans that are up to scratch.

Europe News

Who are the new faces in the British Labour government?

After a landslide Labour victory in the UK general elections, the new administration will have the first man of colour leading the foreign department and the first woman at the helm of Britain’s finances. Meet Keir Starmer's new lieutenants.

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Markets

Decoding the digital euro: A potential new means of payment

The European Central Bank (ECB) is working on the preparatory phase of the digital euro to make it as close to cash as possible in terms of privacy, safety, and accessibility — yet stakeholders remain concerned about its design and necessity.

Business

Commission probes AI finance risk as it finalises new law

Overusing robots could lead to bias, panic or just bad advice, officials worry.

Green News

Can the world agree on climate finance before COP29?

Countries are set to make a new commitment on climate finance at the UN climate conference in November this year.

Markets

Markets see 'emotional reaction' to European election results

European assets face a risk-off session post-weekend's parliamentary elections. The euro saw the worst two-day performance against the dollar since February 2023. All European indices were in negative territory.

Economy

EU Elections: What are the risks ahead for European banks?

Despite the meteoric performance of the EU banking stocks, the sector may encounter challenges amid the EU elections, with the joint deposit insurance policy still unresolved.

Economy

ECB expected to cut interest rates: What you need to know

The European Central Bank is expected to cut interest rates by 25 basis points at its meeting this afternoon, reducing the main refinancing rate to 4.25%, the marginal lending rate to 4.50%, and the deposit rate to 3.75%.

Green News

What is the Bonn Climate Change Conference and why does it matter?

Around 6,000 people will gather for discussions halfway to COP29 in Azerbaijan this November.

Economy

What is a financial influencer and how do we know we can trust them?

About one third of Gen Zers now turn to social media and financial influencers for money tips, according to Intuit Credit Karma. However, this also comes with regulatory challenges for those sharing them.

Economy

Fewer women in finance are top earners as UK gender pay gap widens

The pandemic has had a major impact on the numbers, with women facing more layoffs than men, and taking on the main share of unpaid care work too.

Markets

Ahead in the markets: manufacturing PMIs, UK CPI and Nvidia earnings

In the week ahead, global manufacturing PMIs, inflation data from the United Kingdom (UK), and Nvidia’s quarterly results will be in the spotlight for the financial markets.

Europe News

8 MEPs who could dominate economic and finance policy

The EU’s 720 lawmakers will spend the next five years pondering issues including a digital euro and capital markets reform – but which MEPs will likely stand out?

Green News

Banks are propping up fossil fuels to the tune of €6.5 trillion

Barclays, Santander and Deutsche Bank were among Europe’s biggest fossil fuel financers in 2023.

Business

Eye on the Markets: Eurozone GDP and US CPI in the Spotlight

This week, investors await the eurozone's flash Q1 GDP and final April CPI figures, alongside crucial US April inflation data, pivotal for central banks' interest rate decisions and investment sentiment.

Green News

Biden announces billions of dollars in grants for rooftop solar

Biden announced €6.6 billion in grants that can be used for investments such as rooftop solar and community solar gardens

Green News

Launch of energy efficiency coalition seeks to fill investment gap

Implementation of EU laws to slash energy use and increase efficiency in the bloc’s building stock will require a great amount of financing, according to EU officials.

Climate

Climate change will cut incomes by a fifth by 2050, scientists say

In Europe, southern countries like Spain and Italy will bear the brunt of declining incomes, while Arctic-adjacent nations could benefit.