Tag: Europe
Norway’s sovereign wealth fund becomes the largest shareholder in Swiss bank...
Norway's sovereign wealth fund has become the largest shareholder in Swiss bank UBS, which recently took over its smaller competitor Credit Suisse. NBIM increased...
Lego’s net profit fell by 17.7 percent in the first half,...
For the Danish toy manufacturer Lego, net profit fell by 17.7 percent to 5.1 billion Danish crowns (just under 700,000,000 euros) in the first...
German economy stagnated in the second quarter, according to statistics
Germany's gross domestic product (GDP) remained unchanged in the second quarter compared to the previous three months, with the economy contracting by 0.2 percent...
ECB: No significant recession awaits the eurozone economy in the coming...
The Eurozone economy will continue to grow in the coming years and is unlikely to slip into any deeper or more permanent recession. This...
British economy surprises in the quarter, but lags behind others
The British economy grew by a surprising 0.2 percent in the second quarter compared to the previous three months, helped mainly by strong growth...
Siemens is back in profit, but is cautious about its biggest...
German industrial conglomerate Siemens posted a net profit of 1.4 billion euros in its third financial quarter after a loss of 1.5 billion euros...
Taiwan’s TSMC wants to build its first European chip factory in...
Taiwanese chipmaker Taiwan Semiconductor Manufacturing (TSMC) plans to build its first European factory in Germany. The company said today it plans to invest in...
ECB officials signalled that the end of interest rate rises in...
Two European Central Bank (ECB) officials have signalled that the end is near for the current rise in interest rates in the eurozone, the...
Deutsche Bank’s quarterly profit fell 27 percent, but beat expectations
The net profit of the largest German banking company, Deutsche Bank, decreased by 27 percent year-on-year to 763 million euros in the second quarter. The...
How to travel and save money as a young person
While traveling has always been a goal for many, the pandemic has only made the desire to see the world stronger, especially for young...
