Europe

Ericsson recently announced it is planning to cut 8,500 jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Swedish telecommunications giant Ericsson agreed to pay a $206 million penalty and pleaded guilty to violating the anti-bribery provisions of the Foreign Corrupt Practices Act, or FCPA, U.S. …

Ericsson recently announced it is planning to cut 8,500 jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images The chief executive of Swedish telecom company Ericsson on Monday warned Europe’s industry structure is likely unsustainable, calling for consolidation across the region to boost competitiveness. The comments come …

France’s finance minister told CNBC that additional sanctions are being considered against Russia for its unjustified war against Ukraine, as current measures have proven to be “very efficient.”  “We are in the process of defining these new sanctions. For the time being, I just want to insist on the fact that …

A mechanic working on an electric car at a garage in Carquefou, France, in November 2022. The EU is looking to increase the number of EVs on its roads in the coming years. Loic Venance | AFP | Getty Images From seatbelts to airbags and radios to parking sensors, today’s …

Fans of Chelsea Football Club protest against the European Super League outside Stamford Bridge on April 20, 2021 in London, England. Plans for the league were scrapped following mass opposition. Rob Pinney | Getty Images News | Getty Images LONDON — The U.K. government on Thursday confirmed plans to set …

Russian President Vladimir Putin attends the opening of new health facilities via a video link at the Novo-Ogaryovo state residence, outside Moscow, on February 15, 2023. Mikhail Metzel | Afp | Getty Images Russian President Vladimir Putin on Tuesday used a widely-watched speech to deny responsibility for the war in …

NATO, which counts Albania, Montenegro and North Macedonia among its members, says it has observed cyberattacks, disinformation, intimidation and other destabilizing activities in the Western Balkans in the past 12 months. Ferdi Limani | Getty Images News | Getty Images As Russia’s onslaught in Ukraine approaches its one-year milestone, fears …

European Commission President Ursula von der Leyen has dubbed it ‘unthinkable’ that Russia not pay for Ukraine’s reconstruction. Johannes Simon | Getty Images News | Getty Images European Commission President Ursula von der Leyen said Saturday it would be “unthinkable” for Russia not to pay for Ukraine’s reconstruction. The EU …

Fatih Birol, executive director of the International Energy Agency (IEA) at the World Economic Forum (WEF) in Davos, Switzerland. Bloomberg | Getty Images The International Energy Agency’s executive director said Friday that the biggest uncertainty facing global energy markets is the extent to which China rebounds from its extended closure. …

The euro zone is now expected to have reached a GDP (gross domestic product) rate of 3.5% in 2022, rather than the 3.2% estimated in November. Justhavealook | E+ | Getty Images BRUSSELS — European officials sighed with relief Monday after new data suggested the region will avoid an economic …