european-economies
BankingEurope’s Banking Union Is Crucial for Merger Push, Says German Banks Group Head
TechnologyEuropean Power Demand Set to Lag 2030 Expectations, McKinsey Says
FinanceDutch Economy Minister Pushes for European Chip Industry Coalition
TradingEuropean Shares Edge Higher as Traders Brace for Data-Packed Week
European Shares Slip but Set for Weekly Gains; Mercedes Drops
Date: September 20, 2024
By Shubham Batra (Reuters) -European shares slipped on Friday after a rally in the previous session spurred by the U.S. Federal Reserve’s outsized interest rate cut, while shares of Mercedes were set for their worst day in 15 months after the automaker cut its core profit outlook. The pan-European STOXX 600 index fell 0.4% to...
European Shares Rise on Real Estate Boost
Date: September 10, 2024
By Pranav Kashyap (Reuters) – European shares climbed on Tuesday, boosted by the real-estate sector, while investors also awaited the widely expected rate cut by the European Central Bank later in the week. The pan-European STOXX 600 index rose 0.3% after gaining nearly 1% on Monday. Rate-sensitive real estate sector advanced 1% ahead of the...
EU New Car Sales Flat in July as Battery-Electric Slumps, Industry Body Acea Says
Date: August 29, 2024
By Alessandro Parodi and Greta Rosen Fondahn (Reuters) -New car sales in the European Union rose 0.2% in July, slowed by declines in France and Germany, while battery-electric vehicles continued to lose market share, data from Europe’s auto industry body showed on Thursday. Improvements in the Belgian, Dutch and French electric-vehicle (EV) markets failed to...
Euro Zone Economy Grows but Outlook Far From Rosy
Date: July 30, 2024
By Francesco Canepa (Reuters) -The euro zone’s economy grew slightly more than expected in the three months to June, data showed on Tuesday, but a mixed underlying picture and a string of pessimistic surveys cloud the outlook for the rest of the year. The figures portray a bloc struggling to regain ground in global trade...
German, French Companies Less Hopeful Over Economic Recovery
Date: July 25, 2024
By Francesco Canepa and Maria Martinez FRANKFURT/BERLIN (Reuters) – Companies in the euro zone’s two largest economies are growing more pessimistic, surveys showed on Thursday, raising concerns over the bloc’s already sluggish recovery. The euro zone has struggled to hold on to a post-pandemic economic rebound led by the United States due to issues such...
Factbox-European Companies Cut Jobs as Economy Sputters
Date: July 15, 2024
(Reuters) – Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain’s Sabadell is seeking 250 job cuts and 36 branch closures, its...