Catalonia’s leaders are reportedly seeking safety in Brussels as they face criminal charges for spearheading the region’s independence movement, throwing up a potentially awkward situation between Belgium, the EU and Spain. Deposed Catalan leader Carles Puigdemont and several members of his pro-independence administration travelled to Brussels in Belgium on Monday and hired a lawyer, fueling […]

WPP, the world’s biggest advertising company battling a slowdown in client spending, lowered expectations for full-year organic net sales and profit margin on Tuesday, two months after an earlier downgrade sent shockwaves through the industry. Led by the high-profile British businessman Martin Sorrell, WPP said it now expected like-for-like net sales growth to come in […]

Airbus said on Tuesday it had uncovered problems involving the use of sales agents to sell U.S. arms technology, dragging the United States for the first time into a growing corruption scandal at Europe’s largest aerospace firm. Airbus also warned of a material impact from potential fines resulting from existing bribery investigations in the UK […]

Ryanair posted an 11 percent rise in net profit for the first half of the year, and iterated it’s still on track for solid full-year results despite recent flight cancellations. Here are some of the key metrics: Net profit: 1.293 billion euros ($1.51 billion), vs 1.168 billion euros a year ago EPS: 1.07 euros ($1.25) […]

European stocks are set to open slightly higher on Tuesday morning as investors continued to monitor a fresh batch of corporate earnings. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 4 points higher at 7,482, while the German DAX is set to start on a positive note, up 9 points […]

Relatively sanguine stock markets around the world, despite a fierce constitutional crisis raging in Spain, has left analysts contemplating why investor sentiment hasn’t been hit by Catalonia’s quest for independence. Spanish stocks rose 1.7 percent Monday morning despite the political unrest in Catalonia. Spain’s IBEX is only down by 0.7 percent since the independence referendum […]

The ousted president of Catalonia’s pro-independence government could face arrest on Monday and up to 30 years in prison if found guilty of “rebellion.” Carles Puigdemont was deprived of power following the Spanish region’s declaration of independence Friday, after a month of escalating tensions with the national government in Madrid. Spain’s government has assumed direct […]

Heathrow Airport has launched an investigation after a memory stick containing confidential security information was found on a London street. The Sunday Mirror says a member of the public found the USB drive and turned it over to the newspaper. The device contained 76 folders, including information about the security measures used to protect Queen […]

After several bailout programs, the relationship between Europe and the International Monetary Fund (IMF) could be about to change dramatically. The euro zone is studying ways to improve the powers of the European Stability Mechanism (ESM) — a fund that helps euro zone countries that need to borrow money — and for it to ultimately […]

European stocks are set to open lower on Monday morning as investors monitored corporate earnings, while oil prices hovered near 2-year highs amid supply fears. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 27 points lower at 7,480, while the German DAX is set to start on a negative note, […]