London remains the top European city for venture capital investment in financial technology firms, according to data released by Mayor Sadiq Khan’s promotional agency. Investors have poured more than $1 billion into fintech companies across the U.K., including those in London, since the beginning of the year, London & Partners said Thursday. Fintech firms in […]

European markets are expected to open relatively mixed on Thursday, as earnings season and political turbulence in the region continue to shake up investor sentiment. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 3 points lower at 7,540, while the German DAX is set to start on a positive note, […]

German construction company Hochtief has confirmed a takeover bid for Spanish toll road operator Abertis. The bid, made at 18.76 euros per share, equates to a total of 17.1 billion euros ($20.1 billion). Hochtief says it will issue 24.79 million new shares to help fund any takeover. The Spanish firm ACS is the parent company […]

Iraq urged BP to help develop oilfields in the disputed city of Kirkuk on Wednesday, after central government forces loyal to Baghdad swept through the Kurdish-held territory at the start of the week. Iraqi forces began a takeover of almost the entire disputed Kirkuk province Monday, with Kurdish forces retreating to nearby oilfields. The military […]

A UK parliamentary report has criticized Amazon and eBay for not doing enough to prevent tax fraud on their online market places and recommended the government hold the online giants accountable for tax lost to evaders. In April the National Audit Office said Britain was losing up to 1 billion pounds ($1.3 billion) a year […]

Akzo Nobel, the Dutch maker of Dulux paint, reported lower-than-expected third-quarter operating earnings of 383 million euros ($451 million) on Wednesday, citing “headwinds” at its marine coatings business and margin pressures from rising raw material costs. It said earnings before interest and taxes for the year would now be about flat from 2016 — its […]

European markets are expected to start Wednesday’s session in the black, as investors turn their attention to the latest batch of earnings and data releases. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 23 points higher at 7,539, while the German DAX is set to start on a positive note, […]

The regional policy chief of embattled ride-hailing company Uber is leaving to join ChargePoint, a U.S. electric-vehicle charging-network maker that has attracted major financial backing from European transport companies. Christopher Burghardt told Reuters in an interview on Tuesday that he plans to join ChargePoint early next month as its lead regional executive. He will oversee […]

Kazakhstan wants to enter the cryptocurrency market – with its own fiat-backed digital asset. The country’s government-supported Astana International Finance Center (AIFC) said Tuesday it had signed a deal of cooperation with Maltese firm Extante. In a press release, Extante, which calls itself a “next generation investment company,” said it would work with the AIFC […]

Goldman Sachs said Tuesday that while clashes in the Kurdistan region of Iraq posed a risk to oil output, intensifying geopolitical tensions between the U.S. and Iran remained a more formidable and longer-term threat to global oil supply. After several weeks of fairly flat trade, a risk premium has returned to oil markets and boosted […]