London rents rose at the fastest pace on record in November, according to official data that highlights the intensifying pain for tenants after two years of rising costs.Rents in London increased by...
UniCredit has raised its exposure to Commerzbank to 28 per cent, as the Italian lender escalated its pursuit of the German bank at the same time as going after domestic rival Banco BPM.The Italian...
19/12/2024
Moody’s Corp. downgraded the ratings of seven French banks including BNP Paribas SA and Credit Agricole SA as it continues to assess the fallout of the country’s political turmoil.The move reflects...
18/12/2024
Germany is heading for early elections after Chancellor Olaf Scholz lost a vote of confidence, ending his fractious coalition government at a time of strain for the Eurozone’s largest economy.Scholz’...
17/12/2024
The European Central Bank will lower borrowing costs further as the inflation spike of recent years increasingly moves into the rear-view mirror, bringing the 2% target within reach, President...
16/12/2024
The European Central Bank cut interest rates by a quarter-point to 3 per cent, as it watered down its hawkish language and warned that growth would be weaker than it had previously forecast.The ECB’s...
13/12/2024
The Council of the European Union decided to lift land border controls between the Schengen area and Bulgaria and Romania, as well as in borders between the two countries, bringing about the full...
12/12/2024
Measures designed to smooth the UK government’s new planning rules by giving local councils time to adapt to higher housing targets risk delaying their impact for years, experts have warned. A “...
12/12/2024
US asset manager AllianceBernstein is preparing to sue Switzerland for $225mn over the decision to wipe out $17bn of debt when the country’s government orchestrated the takeover of Credit Suisse by...
11/12/2024
A growing number of EU nations and the UK are pausing the processing of asylum claims from Syrians after the fall of Bashar al-Assad’s government.Germany’s interior ministry said on Monday that more...
10/12/2024