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Eurozone
German bond market warns of Eurozone recession
Investors in German bonds are increasing their bets on the European Central Bank raising interest rates, which will cause the European economy to go into a further downturn. A closely monitored recession indicator has hit its highest level…
Europe’s banking champion has €7,6 billion to spend
The bank's leader, widely regarded as Europe's champion-in waiting, has everything he needs for a major merger.
Jean-Laurent Bonnafe, who has been at the helm of BNPParibas SA for 12 years, has amassed an $8.3-billion war chest. He is…
Gas prices in Europe doubled within 10 days, as traders remained on edge
The European gas price has doubled within 10 trading days. This shows that the market is still on edge, even though storage levels are at record highs.
The price of European gas benchmark Title Transfer Facility, or TTF, rose by as much…
EU warns that barriers to trade after Brexit will likely ‘deepen further’
The EU's Brexit Negotiator warned that trade barriers between the UK & EU will likely increase despite a resolution to a diplomatic standoff over Northern Ireland bringing a "new attitude" in the relations.
"Trade cannot be as fluid…
EU offers Tunisia more than EUR 1bn to stem migration
Brussels proposes €255mn in grants for Tunis, linking longer-term loans of up to €900mn to reforms The EU has offered Tunisia more than €1bn in a bid to help the North African nation overcome a deepening economic crisis that has prompted…