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Tag: Europe

M&S retail company’s profits fell by 55.4% due to a cyberattack.

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British retail company Marks & Spencer (M&S) saw its adjusted pre-tax profits fall by 55.4% to £184.1 million in...

Media: China’s Leapmotor set to start production of B10 electric cars in Europe

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Chinese carmaker Leapmotor plans to start production of its small electric sports utility vehicle, the B10, in Europe in...

ECB makes record loss last year due to high interest costs

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The European Central Bank (ECB) posted a record loss of EUR 7.944 billion last year. It announced its results...

Eurozone inflation accelerates to 2.6 percent in July

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The rate of inflation in the euro area accelerated to 2.6 percent in July from 2.5 percent in June,...

Gas price for the European market is close to this year’s high, exceeding 33 euros per MWh

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The wholesale gas price for the European market for next month's delivery today exceeded €33 per megawatt-hour (MWh) and...

Ryanair posts record profits, up 34 per cent year-on-year

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Irish low-cost airline Ryanair Holdings increased profits by 34 per cent to a record €1.92 billion in the last...

German economy could strengthen slightly in the quarter, Bundesbank says

Economy EditorialTeam -
The German economy could show moderate growth in the first quarter. It was unexpectedly helped by industry and construction....

Clothing chain H&M almost triples operating profit in the first quarter

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Swedish clothing chain H&M Group almost tripled its operating profit to SEK 2.08 billion (181 million EUR) in the...

French casino chain widens loss to €5.7bn last year

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The French retailer Casino, whose takeover was agreed by a consortium of companies around Czech businessman Daniel Křetínský, deepened...

Euro strengthens after ECB Monetary Committee meeting

Economy EditorialTeam -
The European currency is strengthening today, hitting its highest level in two weeks against the dollar. The euro was...

Amazon employees strike on Black Friday in several European countries

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In several European countries, the employees of the American internet retailer Amazon are on strike starting today, Reuters reported....

Germany’s unemployment rate remained at 5.7 percent in September

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The number of people out of work in Germany increased by 10,000 to 2.642 million in September, according to...

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