The future of the European Union (EU) rests on the bloc’s ability to find a diplomatic answer to the migration crisis, German Chancellor Angela Merkel said Thursday. EU leaders are meeting in Brussels, Belgium on Thursday and Friday to try to wrangle a solution on migration, with the issue leaving Merkel’s own political fate hanging […]

As trade tensions flare up between the U.S. and China, many investors are asking whether Beijing will look to weaken its own currency to retaliate against Washington tariffs. The Chinese yuan, which trades in a band versus the dollar, has now weakened to its lowest level since December 20 and saw a daily loss of […]

Shares in Europe are poised to start the trading day lower Thursday as concerns over global trade return. The FTSE 100 is seen off by 10 points at 7,593; the DAX is expected to start down by 8 points at 12,329; and the CAC 40 is set to open down by 10 points at 5,314; […]

North Korea is upgrading its only known nuclear research facility, satellite imagery has shown, despite ongoing negotiations with multiple world leaders and a pledge to abandon its weapons program. The satellite photos, obtained by North Korea analysis outlet 38 North, indicate that the isolated regime is making numerous improvements to its Yongbyon Nuclear Scientific Research […]

European carmakers could see their revenues seriously impacted if President Donald Trump presses ahead with new tariffs, analysts told CNBC. “New tariffs on EU cars would have a significant impact … The United States is the biggest and highest margin market for them. It could mean a significant 7 to 10 percent hit on 2019 […]

The thorny issue of migration will dominate a summit of EU leaders Thursday with divisions rife between the bloc’s 28 members over how they should tackle the crisis. The European Council, the EU’s decision-making body that is hosting leaders in Brussels, says that it is “intensifying efforts to establish an effective, humanitarian and safe European […]

A massive shortage of food-grade carbon dioxide (CO2) has ratcheted up fears of disruption to Europe’s meat and fizzy drink supplies. A shortfall of CO2 in Europe comes at a time of excitement over the World Cup soccer tournament and amid peak season for summer barbecues. The ill-timed crisis has subsequently prompted several big name […]

European markets are set to open slightly higher Wednesday morning, while oil prices climbed after the U.S. moved to pressure allies to stop buying Iranian crude. The FTSE 100 is seen 12 points higher at 7,567; the CAC is expected to open up around 7 points at 5,298 while the DAX is poised to start […]

The European Union (EU) is preparing a set of measures to protect its steel and aluminum producers following the U.S. tariffs recently imposed on its metals industry. EU Trade Commissioner Cecilia Malmstrom said Tuesday that these could be announced as early as mid-July. They are part of a wider European response to President Donald Trump‘s […]

Recep Tayyip Erdogan won another term in office and gained far-reaching powers, but analysts believe the election has left the Turkish president looking more vulnerable than before. Erdogan won 52.5 percent of the vote in the snap election that took place on Sunday, with the main opposition candidate Muharrem Ince getting 30.6 percent, state news […]