Europe

The European Central Bank has likely pressed pause on its rate hiking cycle, the chief financial officer of Commerzbank told CNBC on Friday. The ECB raised interest rates in July, completing a full year of rate increases. ECB President Christine Lagarde flagged that the central bank could continue or pause …

Bank of England Governor Andrew Bailey said Thursday that the central bank remains cautious in its battle to tame stubbornly high inflation as U.K. data continues to offer “unwelcome surprises.” Bailey told CNBC that he was encouraged by recent inflation figures, which prompted policymakers to raise rates by a widely anticipated 25 …

An unusual summer scorcher or a new normal? Some travelers aren’t waiting to find out if this year’s heat wave in southern Europe is an anomaly or part of a longer-term pattern caused by climate change. Tom Marchant, co-founder of the London-based luxury travel operator Black Tomato, told CNBC that …

Ugur Karakoc | E+ | Getty Images From China’s Ant Group to Sweden’s Klarna, here is the complete list of the world’s top 200 fintech companies. CNBC partnered with independent research firm Statista to establish a transparent overview of the top fintech companies. related investing news Statista analyzed over 1,500 …

A photo of a hallway in a building where Russian forces established a torture center in Kherson. Photo: Harvey Presence Editor’s note: The following article contains graphic material detailing reports of torture of people in Ukraine. WASHINGTON — The identification of Russian forces who carried out various forms of torture and sexual …

25 July 2023, Greece, Gennadi: A relief worker, who has been on duty for days, has laid down on a piece of cardboard by the side of the road to rest, in the background the plume of smoke from a newly erupted forest fire in the village of Gennadi. Mediterranean …

The European Central Bank announced a new rate decision Thursday. Daniel Roland | AFP | Getty Images The European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate to 3.75%. The latest move completes a full year of consecutive rate hikes …

Barclays bank reported second quarter earnings Thursday. Bloomberg | Bloomberg | Getty Images Barclays reported a net income of £1.3 billion ($1.68 billion) for the second quarter, in line with expectations, despite slower momentum in investment banking. Analysts were expecting a net income of £1.4 billion for the quarter, according …

A worker cools off while working in a street during a heatwave in Sevilla, in the southern Spanish region of Andalusia, on July 17, 2023. Cristina Quicler | Afp | Getty Images SEVILLE, Spain — The day-to-day reality of scorching summer heat in Spain is taking its toll. A spate …

Nissan CEO Makoto Uchida said the Japanese carmaker needs to bring new vehicles to the increasingly crowded Chinese market at speed. Speaking to CNBC’s Tanvir Gill on Wednesday, Uchida said the company would target current Nissan customers with the “timely introduction of high-value product[s] that are as competitive as fast-growing …