Mobile telecom equipment maker Ericsson reported a heavier than expected second-quarter loss on Tuesday and lowered its mobile infrastructure market forecast, dealing a fresh blow to the Swedish firm as it tries to restore profitability. The company has slashed jobs and accelerated cost cuts while shares have lost roughly a third of their value in […]

As the painful and quite frankly embarrassing stumble out of Europe continues for the U.K., I watch with sadness at the pathetic lack of conviction of both the previous Remain and pro-Leave camps. It’s never been easier for this journalist to sit on the fence in splendid apolitical isolation given that the pro-Brexit camp seem […]

Consumers in U.S., Europe and the U.K. are increasingly favoring specialist retailers when purchasing their beauty products, a UBS report showed Monday. The shifting trend in consumer habits poses another threat to department stores at a time when they’re already being impacted by a growing preference for online shopping. “We see scope for a channel […]

Europe’s top banking regulator, the European Central Bank (ECB), is considering carrying out a special assessment of Deutsche Bank’s two largest shareholders, a German paper reported on Sunday, citing regulatory sources. The ECB may launch so-called ownership control procedures to scrutinize both the Qatari royal family and China’s HNA, which each own just under 10 […]

Thousands of government opponents protested in Warsaw and other cities in Poland on Sunday against new judicial reforms and future plans to change the Supreme Court. Legislation that was adopted last week has drawn condemnation from European Union politicians and from Poland’s opposition. They say it violates judicial independence and the rule of law. Under […]

A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a report on Monday. The report, co-written with risk-modeling firm Cyence, examined potential economic losses from the hypothetical hacking […]

Brexit Secretary David Davis launches a round of negotiations on Britain’s withdrawal from the European Union on Monday when he meets the EU’s Michel Barnier for four days of talks between their teams in Brussels. A month after a first meeting where the two exchanged gifts inspired by a shared passion for hillwalking and spoke […]

President Donald Trump reportedly urged U.K. Prime Minister Theresa May to ensure he gets a warm welcome in Britain for his state visit—warning that he would not visit the country until he had been given guarantees, a British newspaper reported on Sunday. “When I know I’m going to get a better reception, I’ll come and […]

Despite weathering a particular nasty political storm in recent months, U.K. leader Theresa May and her weakened government still has many market participants on edge with the potential for another election still a distinct possibility. According to Joan Hoey, the Economist Intelligence Unit’s regional director for Europe, there is “considerable risk of the (U.K.’s) government […]

British budget airline easyJet said on Friday it would establish a new airline in Austria to protect its flying rights in the European Union once Britain leaves the bloc. The new airline, easyJet Europe, will be headquartered in Vienna. The budget airline must have a licence and an air operator’s certificate (AOC) in an EU […]