Economic

Financial Analysis

European stocks fall as PMIs revised lower, ASML hit by UBS downgrade

European stocks fall as PMIs revised lower, ASML hit by UBS downgrade

European markets experienced a risk-off sentiment on Wednesday, following a semiconductor-driven sel...

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Sanctioned Russian oligarchs bag stake in UK’s biggest oil company

Sanctioned Russian oligarchs bag stake in UK’s biggest oil company

Russian oligarchs Fridman and Aven are sanctioned by the UK government and do not receive any of Let...

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French central bank governor calls for green securitisations to boost lending

French central bank governor calls for green securitisations to boost lending

Green securitisations could boost environmental lending by hundreds of billiions of euros per year, ...

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Agriculture report could signal dramatic change in EU farm subsidies

Agriculture report could signal dramatic change in EU farm subsidies

Green groups have hailed the outcome of gruelling talks over the future of agriculture in the EU as ...

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Volkswagen workers blast management amid potential plant closures

Volkswagen workers blast management amid potential plant closures

The Volkswagen works council, an organisation representing VW workers, delivered a damning speech at...

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Volvo reverses plan to sell only electric cars by 2030 as demand falls

Volvo reverses plan to sell only electric cars by 2030 as demand falls

The Swedish automaker Volvo Cars has abandoned its plan to exclusively sell electric vehicles by 203...

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Draghi’s EU competitiveness report gains mixed reception from MEPs

Draghi’s EU competitiveness report gains mixed reception from MEPs

Mario Draghi appears to have impressed key MEPs with his plans to boost sluggish EU economic growth ...

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Washington prepares to block takeover of US steel by Japan's Nippon Steel

Washington prepares to block takeover of US steel by Japan's Nippon Steel

The White House is preparing to block the acquisition of US Steel by Nippon Steel, according to repo...

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Eurozone retail sales rebound in July as euro strengthens against US dollar

Eurozone retail sales rebound in July as euro strengthens against US dollar

Retail sales in the Eurozone edged up by a modest 0.1% in July 2024, bouncing back from a 0.4% decli...

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