UniCredit Raises Stake in Commerzbank
Italian UniCredit SpA increased its holding in German Commerzbank AG to about 28%.
EU
Christine Lagarde Says ECB to Cut Interest Rates Further
The European Central Bank will continue cutting interest rates as the inflation spike in recent years has increasingly moved into the rear-view mirror, bringing the 2% target.
European Private-Sector Contraction Eases on Services
In December, the private sector of the eurozone shrank in smaller volumes compared to initial expectations, which is the result of contributions from the services sector that exceeded forecasts.
Klarna and eBay Bring BNPL to New Markets
Flexible Klarna buy now pay later (BNPL) options are now available to eBay customers in more European markets.
ECB Cuts Interest Rates by Quarter Point
The European Central Bank on Thursday, December 12, adopted the fourth decision since the beginning of the current year on cutting interest rates, which corresponds to the preliminary expectations of experts regarding the actions of this financial regulator in the context of the dynamic of monetary policy.
European Manufacturing Activity Demonstrates Decline
Last month, a sharp decrease in the level of manufacturing activity was recorded in Europe, and a further downward dynamic of demand became an obstacle to any hopes for an early recovery of the indicator.
Euro-Area Inflation Climbs to 2.3%
In the eurozone, in November the inflation figure exceeded the European Central Bank’s target of 2%, although this circumstance, as experts suggest, is unlikely to become a deterrent in the context of the implementation of the intention of the financial authorities of the region to further cut interest rates next month and later.
ECB Representatives Say About Prospects of Cutting Interest Rates
European Central Bank (ECB) Governing Council member Yannis Stournaras on Thursday, November 21, during a conversation with media representatives, said that this financial regulator should decide on cutting interest rates at each regular meeting on monetary policy issues until the cost of borrowing is fixed at such a mark, which will neither restrict nor stimulate […]
European VC Funding Down to $45B in 2024
Startups across the European region are projected to raise $45 billion from VC sources in 2024, a slight drop from the revised $47 billion in 2023.
Revolut to Launch Licensed Stock Trading in UK, EU
Revolut received a trading license from UK financial authorities, allowing it to compete with established trading platforms in the region.
Meta to Offer Less Personalized Ads in Europe
Meta Platforms plans to offer European users of the virtual social media platforms Instagram and Facebook the opportunity to receive less personalized advertising.
Euro-Area Economy Growth Beats Expectations
In the eurozone, economic growth was recorded in the third quarter of the current year, the pace of which exceeded preliminary expectations for the dynamic of the corresponding indicator.
Global Public Debt to Surpass $100T in 2024
The IMF reports that global public debt is projected to exceed $100 trillion by the end of 2024, largely driven by rising fiscal deficits in the United States and China.
HubSpot Integration Enables Mollie to Reform CRM Payments
European PSP Mollie has integrated with the leading customer relationship management platform HubSpot to simplify payment processes within customer relationship management (CRM) systems.
ECB Cuts Rates Again
The European Central Bank on Thursday, October 17, decided to cut interest rates again.
European Investment Bank Seeks to Provide Greater Support to Startups
The European Investment Bank said on Monday, October 7, that the finance ministers of the European Union countries welcomed its Action Plan to deepen regional capital markets and provide more support to startups.
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