Russia is within its rights to restrict the operations of U.S. media organizations in Russia in retaliation for what Moscow calls U.S. pressure on a Kremlin-backed TV station, a Russian foreign ministry spokeswoman said on Sunday. Russian officials have accused Washington of putting unwarranted pressure on the U.S. operations of RT, a Kremlin-funded broadcaster accused […]

Euro zone banks are well prepared for sharp changes in interest rates, the European Central Bank said on Monday after simulating scenarios from sudden monetary tightening to the lending freeze that followed Lehman Brothers’ collapse. The results come as the ECB prepares to start dialing back its monetary stimulus after years of ultra-low interest rates […]

Unstable loans and escalating levels of global debt could plunge the world into another financial crisis, departing German Finance Minister Wolfgang Schaeuble told the Financial Times in an interview published Sunday. “Economists all over the world are concerned about the increased risks arising from the accumulation of more and more liquidity and the growth of […]

With Catalan separatists contemplating whether to declare independence for the autonomous region, experts have detailed how the national government could react as tensions in the region rise. The illegal October 1 referendum recorded 90 percent of Catalans voting in favor of independence, yet under half of the population voted, according to the Catalonia government. Meanwhile, […]

The potential constitutional crisis facing Madrid has not gone away and could reach a decisive point this week, despite a mass protest in favor of a united Spain on Sunday. Hundreds of thousands of people took to the streets in Catalonia Sunday to call for unity, voicing their opposition to last week’s non-binding and illegal […]

Major European bourses are expected to open higher Monday morning, with investors watching political instability in Spain and a meeting of European finance ministers in Luxembourg. The U.K.’s FTSE is expected to start the day 2 points higher at 7,525, while the French CAC is seen up 14 points at 5,374. The German DAX is […]

Prime Minister Theresa May, weakened by a disastrous party conference, will give British lawmakers a bullish prognosis for negotiations over exit from the European Union on Monday, but tell them that it is up to Brussels to make the next move. May has seen her authority erode since calling and then bungling an election in […]

London police said on Saturday a number of pedestrians had been injured near the city’s Natural History Museum and that a man had been detained at the scene. British media reported a car had mounted the pavement outside the tourist attraction. The crash happened at 2:20 p.m. on a day when the central London museum […]

Spain apologized Friday for a violent police crackdown on Catalonia’s independence referendum, in a conciliatory gesture as both sides looked for a way out of the nation’s worst political crisis since it became a democracy four decades ago. Spain’s representative in northeast Catalonia, which accounts for a fifth of the national economy, made the apology […]

Political tensions in Catalonia continue to simmer after Banco Sabadell confirmed its intention to relocate its legal headquarters, while Caixabank is due to hold a meeting to discuss the issue later on Friday. Shares in both banks rallied yesterday on the news but have today given up some of those gains. Fernando Sanchez Costa, Catalan […]