A Major Breakthrough for Banks Summary: In a significant move for Wall Street, a group of major banks led by Morgan Stanley has successfully sold off $5.5 billion in Twitter-related debt, marking a key milestone in unwinding the financial strain…
As the world of retail becomes more competitive, expanding into new international markets is a top goal for many European retailers. A survey done in the summer of 2024 showed that 83% of retailers in countries like Belgium, Denmark, Ireland,…
Civil society groups and unions are raising concerns over the European Commission’s political direction under Ursula von der Leyen’s second term, warning that its new Competitiveness Compass could undermine green deal goals 🌍 and workers’ rights ⚖️. The Commission aims…
The uncertainty surrounding US trade policy post-Trump is partly to blame for Germany’s economic slowdown, said Economy Minister Robert Habeck on Wednesday 🇩🇪. The German government has revised its 2025 economic growth forecast down to just 0.3%, a significant drop…
The European Central Bank (ECB) cut its key interest rate by 0.25% to 2.75% on Thursday as inflation approaches 2% and growth remains sluggish 📉. As expected, the ECB lowered rates on the deposit facility, main refinancing operations, and marginal…
Deutsche Bank posted disappointing Q4 2024 earnings, with net profit falling 92% to €106 million due to high litigation costs 💸. The bank faced a €329 million charge from a Polish mortgage scandal, which weighed heavily on profits. Despite an…