Europe

European Commission President Ursula von der Leyen has pushed for a policy of de-risking from China, The US is now on board too. Frederick Florin | Afp | Getty Images As the United States look at disengaging from China, Europe could soon find itself in a sweet spot. U.S. President …

A satellite image showing the port of Ceyhan centred on August 18, 2015 in Turkey. Gallo Images | Gallo Images | Getty Images Turkey’s runoff election is compounding delays to restart roughly 450,000 barrels per day of Iraqi crude oil exports, as Ankara studies its relationship with Baghdad, analysts and …

The average time taken for a startup to hit unicorn status in Europe is now just seven years, according to Accel. Maskot | Digitalvision | Getty Images Europe and Israel mint an average of five tech startups for every venture-backed company with a valuation of $1 billion or more, according …

Semiconductor bosses in the U.K. had expressed frustration with the lack of a concrete strategy from the government on semiconductors. Mailsonpignata / 500Px | 500Px | Getty Images LONDON — The U.K. on Friday announced up to £1 billion ($1.24 billion) of support for its semiconductor industry, seeking to boost …

Jeremy Hunt gave a speech Friday to lay out plans for economic growth in the U.K. Bloomberg / Contributor / Getty Images LONDON — U.K. Finance Minister Jeremy Hunt signaled the nation’s inflation remains too high, a day after the Bank of England agreed its 12th consecutive interest rate hike …

Turkish flag over a DenizBank building. Turkey is expected to head to the polls on Sunday. Ismail Ferdous | Bloomberg | Getty Images The Turkish lira is already facing some of the most volatile conditions across global currency markets in the run-up to the country’s landmark elections this weekend, with …

The U.K. will host the 67th Eurovision Song Contest on May 13. Celebrated and spoofed by audiences across the globe, the world’s largest singing competition has become something of a cultural institution in the seven decades since its launch. But behind the audacious performances and even more outlandish outfits, the …

Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank’s headquarters in the City of London, UK, on Thursday, May 11, 2023. Bloomberg | Getty Images LONDON — Bank of England Governor Andrew Bailey on Thursday defended an about-turn in the bank’s …

Giorgia Meloni, Italy’s prime minister, has a tough choice to make Bloomberg | Bloomberg | Getty Images Italy’s rather surprising decision to join China’s Belt and Road Initiative a few years backs is being thrusted back into the fore, with a deadline to potentially end it fast approaching under Rome’s …

Ukraine’s finance minister on Friday said Kyiv should use its bilateral relationship with China as leverage to bring an end to Russia’s full-scale invasion. His comments came shortly after a long-anticipated phone call between Ukrainian President Volodymyr Zelenskyy and Chinese President Xi Jinping. Both leaders spoke earlier this week for …