Europe

13 Apr Situation in east Ukraine has ‘significantly worsened’: army commander

Posted at 10:36h in Europe

Colonel General Oleksandr Syrskyi, commander-in-chief of Ukraine's armed forces.Valentyn Ogirenko | ReutersUkraine's top military general warned Saturday that the battlefield situation in the east of the country, which continues to be the epicenter of the fiercest fighting in Ukraine, has deteriorated sharply."The situation on the...

12 Apr Italy launched a new digital nomad visa: How to apply

Posted at 18:55h in Europe

If you're a digital nomad or a remote worker looking for your next home away from home, consider Italy. The country's new digital nomad visa went into effect his month, according to Euronews.Italy's government defines digital nomads as a citizen of non-EU states who carry...

12 Apr Bank of England scraps fan charts in forecast overhaul

Posted at 11:09h in Europe

The exterior of the Bank of England in the City of London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesLONDON — The Bank of England on Friday announced a "once in a generation" overhaul of its inflation forecasting following a long-awaited review by former Federal Reserve Chair Ben...

12 Apr IEA downgrades 2024 oil demand growth forecast as prices heat up

Posted at 08:04h in Europe

An oil pumpjack is shown near the Callon Petroleum vicinity on March 27, 2024 in Monahans, Texas. Brandon Bell | Getty ImagesThe International Energy Agency on Friday downgraded its forecast for 2024 oil demand growth, citing "exceptionally weak" OECD deliveries, a largely complete post-Covid-19 rebound and...

12 Apr UK economic growth, February 2024

Posted at 06:44h in Europe

Plane contrails streak across the sky over Regent Street on February 15, 2024 in London, England. Dan Kitwood | Getty ImagesLONDON — U.K. gross domestic product rose 0.1% in February, the Office for National Statistics said on Friday, providing another sign of a return to sluggish...

11 Apr Goldman still expects stubbornly high U.S. inflation to fall this year

Posted at 11:48h in Europe

Goldman Sachs still expects stubbornly high U.S. inflation to ease over the coming months, despite investors slashing bets for Federal Reserve interest rate cuts, after yet another print showed that consumer prices remain sticky.The consumer price index accelerated at a faster-than-expected pace in March, according...

11 Apr The Fed will cut rates before the ECB, former BoE DeAnne Julius said

Posted at 05:11h in Europe

The Federal Reserve Building stands in Washington.Joshua Roberts | ReutersThe U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations."I suspect that the Fed will be the...

10 Apr Copper climbs to 2024 high as Wall Street banks raise price forecasts

Posted at 13:06h in Europe

Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022.Bloomberg | Bloomberg | Getty ImagesSoaring copper prices show no signs of slowing down, analysts say, with the red metal's...

10 Apr Nvidia (NVDA) stock down 10% from highs, in correction territory

Posted at 12:06h in Europe

Nvidia founder and CEO Jensen Huang displays products onstage during the annual Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024.Josh Edelson | Afp | Getty ImagesChipmaking giant Nvidia has entered "correction territory," with its shares now down 10%...

10 Apr Rich Americans get second passports, citing risk of instability

Posted at 11:00h in Europe

Thomas Kokta | Photographer's Choice Rf | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Wealthy U.S. families are increasingly applying...