europe

European bank shares tumbled on Friday in the wake of a dramatic sell-off in U.S. lenders as concern spread that the sector will be vulnerable to the rising cost of money.

Europe is taking longer than planned to concoct an EU-wide food-labelling system after a colour-coded scheme created in France did not go down well in culinary rival Italy.

Hedge funds' bullish equity positioning in Europe is in line with some of the highest levels of the past five years but the appetite for stocks may fade amid rising interest rates and dour signals from bond markets, JP Morgan said in a note to clients on Thursday.

Markets sank Wednesday, the dollar held big gains and oil struggled to recover from hefty losses after Federal Reserve boss Jerome Powell opened the door to a quicker pace of interest rate hikes as officials battle to tame inflation.

EU defence ministers on Wednesday discussed plans to raid their stockpiles to rush one billion euros' worth of ammunition to Ukraine and place joint orders for more to ensure supplies keep flowing.

The European Union is edging closer to a landmark move into joint procurement of ammunition to help Ukraine and replenish members' stockpiles but major questions regarding funding and scale remain to be resolved.

Ford Motor Co's push to use reams of data generated by its vans and trucks - from engines to oil filters or brake pads - to attract more customers in the European and U.S.

At the summit opening, UN leader Antonio Guterres hit out straight away at the way poor nations are treated by the more powerful.

European policymakers and executives have become less worried that billions of dollars of U.S.

European chemical producers painted a bleak picture of their prospects for 2023 on Thursday, citing the continuing fallout from Russia's invasion of Ukraine, high inflation and slowing economic growth.

Oil edged higher on Thursday, though gains made on signs of a strong economic rebound in top crude importer China were kept in check by fears over the impact of potnetial increases to European interest rates.

Europe's chief prosecutor Laura Codruta Kovesi is already investigating frauds that allegedly cost EU taxpayers 14 billion euros -- now she wants to go after the smugglers undermining sanctions against Russia.

Miners and luxury firms lifted European shares on Wednesday after strong data from China brought relief to investors fearful of an economic slowdown, while declines in shares of eurozone's biggest bank BNP Paribas kept the gains in check.

European shares fell on Tuesday, with UK's Ocado sinking after a worse-than-expected full-year loss, while data from France and Spain pointed to inflation being stickier than feared.

European equities rebounded Monday after sinking last week on renewed fear of more aggressive US interest rate hikes, dealers said.

An agreement between Britain and the European Union over post-Brexit trade rules in Northern Ireland appears imminent.

He can't pour tequila fast enough. Premium shots. Margaritas. Palomas. The occasional sunrise.

European shares were flat on Monday, with the sustained gains in miners on bets of a demand recovery in China countering a fall in Telecom Italia that led the decliners in eurozone stocks.

High gas prices and persistent inflation eroding real wages will limit growth in emerging Europe, central Asia and north Africa, the European Bank for Reconstruction and Development (EBRD) said in its regional economic outlook report released on Thursday.

Europe stock markets climbed Wednesday after Asian counterparts finished lower, with traders digesting news of cooler UK and US inflation.

Eleven European Union countries urged "great caution" in relaxing the bloc's state aid rules in a bid to support Europe's green industry in a global race, saying that risked damaging competition inside the bloc, a document showed.

The London stock market struck a record peak close to 8,000 points Tuesday on a wave of European optimism before vital US inflation data.

US automaker Ford said Tuesday it would cut 3,800 jobs in Europe, mostly in Britain and Germany, as competition in the electric car sector intensifies.

European countries' bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their spending to tackle the energy crisis.

Europe's economy will grow more than previously forecast this year as it avoids a winter recession, with inflation expected to ease as gas prices have fallen, the European Commission said Monday.

European shares rose on Monday as defence stocks jumped on news of India aiming to triple its defence exports, while a fall in real estate stocks on disappointing quarterly results from Sweden's Castellum countered gains.

European astronauts could walk on the Moon for the first time in the coming years, in exchange for the continent taking on a key role in an ambitious NASA space programme.

France will present this week a digital-certification mechanism to oblige pornography websites to effectively control the age of viewers on their sites from September, French digital minister Jean-Noel Barrot said on Monday.

The heating plant in Munich's southern Sendling neighbourhood has been run for more than a century on gas, often imported from far away.

EU lawmakers on Thursday agreed to tougher rules on targeted political advertising aimed at countering misinformation during elections, drawing support from Google's YouTube and civil rights activists and concerns from a tech lobbying group.