Instead of OPEC, Iran or even Venezuela, the most prominent driver of oil prices over the next two years is likely to come in the shape of a shipping revolution, analysts have warned. New rules coming into force in approximately 18 months’ time are seen as a source of great concern for some of the […]

European stocks are set to open mixed Thursday morning, after comments from President Donald Trump indicated fresh setbacks in trade talks between the world’s two largest economies. The FTSE 100 is seen little changed from the previous session at 7,779; the CAC is expected to open around 3 points lower at 5,562 while the DAX […]

Deutsche Bank‘s investors are fed up. The lender’s share price is tumbling, revenues are declining and that despite many big U.S. banks posting record profits. Germany’s biggest bank which, not long ago, wanted to be among the five biggest investment banks in the world, needs some stronger medication to turn around its fortunes, according to […]

U.S. sanctions haven’t scared off international businesses from investing in the Russian Federation, the head of Russia’s investment fund said at the St. Petersburg International Economic Forum on Wednesday. “Existing restrictions don’t preclude from co-investing with us, from meeting with us,” Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF) told CNBC’s […]

Facebook CEO Mark Zuckerberg stayed pretty quiet during a meeting with members of the European Parliament, but the EU leaders sure didn’t. Zuckerberg was invited to meet with EU leaders on Tuesday to “clarify issues related to the use of personal data.” EU representatives pitched tough questions on shadow profiles, data tracking and Facebook’s market […]

Russia has developed its own system for financial transfers that would protect it from a potential shutout of the SWIFT global transfer system in the event of harsher U.S. sanctions, its central bank governor said Wednesday. But analysts have questioned the viability of Moscow’s transfer system. “There are risks in using the global financial networks, […]

Uber has teamed up with French insurer AXA to provide insurance protection for its drivers across Europe. The partnership expands on a scheme the two companies announced last year, offering French drivers insurance for medical expenses and accident cover. On Wednesday, Uber announced the new scheme, Partner Protection, will cover drivers for a range of […]

Banks need to start paying more attention to the technology sector as this is where their future competitors lie, the executive chairman of Spanish lender BBVA said Wednesday. Francisco Gonzalez said that it is tech firms, both large and small, that the banking industry should be monitoring – and not other financial institutions. “Our competitors […]

Facebook Chief Executive Mark Zuckerberg’s meeting with European lawmakers in Brussels on Tuesday has been criticized by political representatives for being too short and providing “no answers.” Zuckerberg’s appearance in the European Parliament was facilitated by Antonio Tajani, the parliament’s president, and consisted of around an hour of questions and less than 10 minutes of […]

Euro zone economic growth slowed much more sharply than expected this month, a business survey showed, which along with weaker inflation has intensified concerns there will be no return to the bloc’s recent boom times. The European Central Bank will end its asset purchase program this year and hike interest rates in 2019, a Reuters […]