Jeep maker Stellantis down 10% on sharp fall in revenue as it prepares for slew of new models
Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign exchange effects.
CNBC Europe
'An intense five years': Read HSBC CEO Noel Quinn's surprise resignation statement
HSBC CEO Noel Quinn said it is "now the right time for me to get a better balance between my personal and business life."
Euro zone inflation steady at 2.4%, keeping June rate cut in play as economy returns to growth
Price rises in the 20-nation euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter.
Swiss pharma giant Roche's first-quarter sales edge higher as its emerges from post-Covid-19 slump
Roche lowered its 2024 growth outlook in February as it continues to confront a drop-off in demand for its Covid-19 products and a number of its cancer drugs.
Volkswagen profit drops 20% in first quarter on lower sales
German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter of 2024 compared to the the same period a year earlier.
IMF chief warns of emerging market risk with high U.S. interest rates
The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.
Turkey is the latest country to launch a digital nomad visa—find out if you qualify and where to apply
Applicants must have an income of at least $36,000 USD a year or $3,000 a month.
Philips shares rocket 29% as firm settles U.S. respiratory device case
Philips shares soared Monday after the company agreed to a $1.1 billion settlement in a U.S. case linked to the recall of some of its sleep apnea devices.
With daily entrance fee 'Disney-fication' of Venice, the world hits its overtourism tipping point
Tourists in Venice far outnumber residents who fear the 'Disney-fication" of the Italian city. A day-trip fee added last week did not go over well as a fix.
France moves to rescue Atos as former IT crown jewel struggles to stay afloat
French IT firm Atos confirmed on Monday that it had received a non-binding letter of intent from the French government to buy some of its business divisions.
World’s largest sovereign wealth fund says green backlash is a chance for it to 'phase in' — not out
Norway's $1.6 trillion sovereign wealth fund says it will continue to advocate for investments based on ESG factors.
UK tech darling Darktrace rallies 17% after agreeing $5.32 billion private equity sale to Thoma Bravo
The move will be seen as a major blow to the London Stock Exchange.
Airbus CFO says A350 plane production increase not tied to Boeing troubles
Airbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at U.S. rival Boeing.
Long-awaited $2 billion CVC debut shows the IPO market is back on track, Euronext boss says
"It is a very strong signal of the comeback of IPOs in Europe, in particular in continental Europe," Euronext's Stéphane Boujnah said.
Anglo American rejects BHP's $39 billion takeover bid to form mining juggernaut
Mining giant Anglo American on Friday rejected a takeover bid from rival BHP Group, saying the offer "significantly undervalues" the company and its prospects.
Venice residents clash with riot police as city launches world’s first tourist entry fee
The pilot program means day-trippers to Venice, one of Italy's most picturesque and historic cities, will need to pay a charge of 5 euros (US$5.40).
Barclays shares up 6% as bank swings back to profit in first quarter amid strategic overhaul
Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.
Kering shares sink 9% after profit warning on declining Gucci sales
Shares of French luxury group Kering sank more than 9% Wednesday after the company warned it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.
UBS chair says Swiss banking giant is not 'too big to fail'
Colm Kelleher also said UBS was one of the best-capitalized banks in Europe at the UBS Annual General Meeting.
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