U.K. economy remained flat in July, flash figures published from the Office for National Statistics showed Wednesday.
Commerzbank shares jump 20% after UniCredit buys 4.5% stake from the German government
Commerzbank shares jumped on market open on Wednesday, after Italian bank UniCredit acquired a 4.5% stake in the Frankfurt-based lender from German government.
European Central Bank set to cut interest rates just days before the Fed’s big decision
Traders are widely anticipating an interest rate cut at the Federal Reserve’s Sept. 17-18 meeting, as well as at the ECB’s meeting this week.
European businesses in China reach a ‘tipping point’ on whether to invest more
European businesses in China have grown so discouraged that Beijing must act if the companies are to invest further, the EU Chamber of Commerce in China said.
Former Arm CEO criticizes Britain for not holding onto its top tech firms
Warren East, who led Arm between 1994 and 2013, said that too often tech firms in Britain move their operations overseas or list elsewhere abroad.
Volkswagen scraps a slew of labor agreements as standoff with unions intensifies
German automotive giant Volkswagen on Tuesday said it was scrapping a slew of labor agreements.
Amazon makes £8 billion UK investment to build cloud and AI infrastructure
AWS competes with Microsoft and Google in the U.K. and its investment continues the company’s focus on expansion in Europe.
AstraZeneca shares fall 5% on disappointing lung cancer drug trial results
AstraZeneca shares fell more than 5% Tuesday morning, the biggest one-day drop in seven months, after the British pharmaceutical giant announced disappointing lung cancer drug trial results.
Skype founder’s VC firm raises $1.24 billion to back European tech startups
Atomico, which was founded by Skype co-founder Niklas Zennström, raised two new funds worth $1.24 billion to back European technology firms.
Europe’s economy survived ‘terrible prophecies’ but must now tackle trade with China: EU’s Gentiloni
After surviving the “terrible prophecies,” Europe’s economy must face the challenges of the war in Ukraine and trade ties with China, EU’s Paolo Gentiloni says.