European Stocks Decline on China Data; LVMH Leads Luxury Lower
European stocks fell on Monday as weak economic data from China hit risk sentiment, while investors turned to
1970-01-01 08:00
Saudi Arabia’s Neom Seeks $2.7 Billion Loan to Build Futuristic City
Saudi Arabia’s Neom, the company developing Crown Prince Mohammed bin Salman’s flagship megaproject, is looking to raise a
1970-01-01 08:00
Nordea Raises Guidance as Second-Quarter Profit Beats
Nordea Bank Abp, the biggest bank in the Nordic region, raised its full-year profitability guidance as the tailwind
1970-01-01 08:00
G-20 Latest: Talks Are Moving ‘Slowly’ on Expanding Debt Relief
Group of 20 finance ministers and central bank governors begin two days of meetings Monday, with participants set
1970-01-01 08:00
Europe heatwave – live: Charon sees temperatures soar again as 50C record could be broken
Europe’s record for the hottest temperature ever recorded could be broken this week, with Italy issuing new hot weather red alerts for 16 cities as another heat dome heads towards the Mediterranean region. A new anticyclone dubbed “Charon”, who in Greek mythology was the ferryman of the dead, advanced into the region from north Africa on Sunday and could lift temperatures well above 45C in parts of Italy. “We need to prepare for a severe heat storm that, day after day, will blanket the whole country,” Italian weather news service said. “In some places ancient heat records will be broken.”The hottest temperature recorded in Europe was 48.8C in Sicily, in August 2021. The new heat dome enters Europe as the region is already experiencing deadly heat and wildfires with temperatures above 40C. At least 4,000 people were evacuated in Spain as firefighters struggle to contain wildfires tearing through La Palma. It comes as extreme temperatures are breaking records worldwide as both the US and China saw the mercury crossing 50C on Sunday. Read More Why is there no UK heatwave as Europe swelters during Cerberus? California's Death Valley sizzles as brutal heat wave continues Is it safe to travel in Europe during the heatwave and how are Britons affected?
1970-01-01 08:00
Cartier Owner Richemont Sales Rise as China Demand Bounces Back
Richemont reported higher first-quarter sales as a rebound in China outweighed a decline in the Americas. Sales rose
1970-01-01 08:00
How to Make the Most of Flying Economy, From London’s Premier Fixer
At Bloomberg Pursuits, we love to travel. And we always want to make sure we’re doing it right.
1970-01-01 08:00
S. Korea’s Yoon Visits Damaged Areas as Downpour Leaves 40 Dead
South Korean President Yoon Suk Yeol headed down to the storm-battered towns of South Korea, as the latest
1970-01-01 08:00
Telecom Italia Once Tried to Buy Apple, Now It Is in Trouble. Here’s Why
It’s not a misprint. Telecom Italia SpA, Italy’s beleaguered former telephone monopoly, once pitched a plan to buy
1970-01-01 08:00
Japan to Propose Global Natural Gas Reserve to Avoid Shortages
Japan plans to propose a global stockpile for natural gas, similar to the emergency reserve in the oil
1970-01-01 08:00
ECB to Bring Rates to 4% Peak in September, Economists Say
The European Central Bank will boost borrowing costs to a peak of 4% in September, according to a
1970-01-01 08:00
UK Economy Is Likely to Fall Further Behind Euro Area Next Year
Britain’s economic growth will fall further behind the euro area next year, and inflation will remain stubbornly high,
1970-01-01 08:00