Europe

OneWeb will add its low-earth orbit (LEO) satellites to Eutelsat’s geostationary orbit (GEO) constellation. Jody Amiet | AFP | Getty Images OneWeb, the British satellite giant, completed its combination with French rival Eutelsat Thursday, setting the stage for a European challenger to Elon Musk’s space internet venture Starlink. The two …

Workers produce large building materials and equipment for export to countries along the Belt and Road. Hai ‘an city, Jiangsu Province, China, June 15, 2020. Future Publishing | Future Publishing | Getty Images Italy’s reported withdrawal plan may set a precedence for a constructive exit from China’s global trade and …

Clarese Partis, a 39-year-old software designer from Los Angeles, has always wanted to work from an offbeat spot far from the crowds.   So when she was offered such an opportunity, she instantly grabbed it.  Last week, Partis landed in the Sardinian village of Ollolai in Italy for a free …

President of the European Central Bank (ECB) Christine Lagarde gestures as she addresses a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on July 27, 2023. Daniel Roland | Afp | Getty Images The European Central Bank on Thursday announced …

In an aerial view, oil storage tanks are shown at the Enterprise Sealy Station on August 28, 2023 in Sealy, Texas. Brandon Bell | Getty Images News | Getty Images Oil prices climbed to their highest level of the year this week, extending a rally that has put a return …

Bob van Dijk Bloomberg | Bloomberg | Getty Images The immediate and mutually agreed departure of Naspers and Prosus CEO Bob van Dijk underscores a complicated few years for a firm seen riding on the coattails of its holdings in Chinese tech giant, Tencent. In June, the Dutch-based e-commerce investor, …

In August, the Bank of England increased interest rates for the 14th time in a row. Alexander Spatari | Moment | Getty Images The British banking sector is seeing a rise in impairments amid rising inflation and ensuing interest rate hikes, according to Bank of England Deputy Governor Sam Woods. …

The European Union is “very far” from imposing new tariffs on Chinese electric cars, a top official told CNBC, just days after the bloc launched an investigation into subsidies given by Beijing. “We are very far from imposing import duties for Chinese vehicles, because I mean, these investigations to be …

U.K. Prime Minister Rishi Sunak speaks to the media during his visit to Shell St Fergus Gas Plant in Peterhead on July 31, 2023 in Aberdeenshire, Scotland. Wpa Pool | Getty Images News | Getty Images LONDON — U.K. Prime Minister Rishi Sunak on Wednesday said his government would take …

Sweden’s central bank hiked interest rates for the eighth consecutive time on Thursday, taking the main rate to 4%, as the country continues to battle high inflation. The quarter-point increase is in line with the expectations of analysts polled by Reuters. Sweden’s headline inflation, which excludes energy costs, slowed more …