Major Technical Glitch Hits Eurozone’s Financial Infrastructure The European Central Bank’s (ECB) payment system, Target 2 (T2), suffered a significant outage, disrupting more than €3 trillion in daily transactions. The unexpected failure lasted approximately seven hours, causing widespread delays in…
Major Technical Glitch Hits Eurozone’s Financial Infrastructure The European Central Bank’s (ECB) payment system, Target 2 (T2), suffered a significant outage, disrupting more than €3 trillion in daily transactions. The unexpected failure lasted approximately seven hours, causing widespread delays in…
Rising Tensions Between the U.S. and the European Union A major trade dispute is brewing between the United States and the European Union (EU) as President Donald Trump has threatened to impose a 25% tariff on European imports. The move,…
FDP Faces Internal Struggles After Poor Election Performance Germany’s Free Democratic Party (FDP) is in turmoil following the resignation of its leader, who stepped down after the party’s disappointing performance in recent regional elections. The resignation marks a critical moment…
Germany’s Far-Right Party Under Fire for Concealed Campaign Funds Germany’s far-right Alternative for Germany (AfD) party is facing a €7 million fine following a major investigation into illicit campaign donations. Regulatory authorities have uncovered evidence that the party misrepresented the…
Strengthening Europe’s Defence Capabilities As geopolitical tensions rise and questions loom over the future of U.S. security support, the European Union (EU) and the United Kingdom (UK) are in discussions to establish joint defence funding mechanisms. These talks come amid…
BBVA Expands Its Commitment to Green and Social Investment Spanish banking giant BBVA has significantly increased its commitment to sustainable finance, announcing a new target of €700 billion in financing for green and social projects by 2030. This ambitious goal…
Germany’s Struggle to Boost Defence Spending As global security concerns escalate, Germany faces mounting pressure to increase its defence budget while grappling with strict fiscal constraints. The nation’s “debt brake” rule, designed to limit public borrowing, has emerged as a…
A Strategic Shift in Leadership for One of Europe’s Leading Private Equity Firms European private equity powerhouse EQT has named Per Franzén as its next Chief Executive Officer, set to assume the role in May 2025. Franzén, currently Deputy Managing…
Swedish Regulator Cracks Down on Anti-Money Laundering Compliance Sweden’s financial watchdog has imposed a $50 million fine on Klarna, citing serious deficiencies in the company’s anti-money laundering (AML) compliance measures. The violations, which occurred between 2021 and 2022, raise concerns…