U.S. President Donald Trump caused anger in France and Britain by suggesting looser gun laws could have helped prevent deadly attacks in Paris in 2015 and linking knife crime in London to a handgun ban. In a speech to the National Rifle Association (NRA) on Friday, Trump mimicked the shooting of victims in the Paris […]

Ferrari shares hit an all-time high on Friday after better-than-expected earnings led to several positive analyst ratings for the luxury automaker. The company’s stock price rose more than 7 percent to a record high of 114.70 euros ($137.05) on the Borsa Italiana stock exchange in Milan on Friday afternoon. The stock led the pan-European Stoxx […]

Telecom Italia’s shareholders have voted to form a new board, ending a bitter battle for control between activist investor Elliott Management and French conglomerate Vivendi. Elliott Management, an activist fund run by its billionaire founder Paul Singer, won the vote securing two-thirds of seats on Telecom Italia’s board. Elliott had accused Vivendi of failing shareholder […]

A puppy that was stolen by a driver delivering Amazon parcels in England has been reunited with its owner. Businessman Richard Guttfield, 51, said his black miniature schnauzer Wilma had gone missing after a driver dropped off a package of dog food. Guttfield said it was only after he emailed Amazon’s CEO and founder Jeff […]

The Iran nuclear deal is on the brink of collapse, yet oil traders continue to underestimate the impact of a fast-approaching supply shock. A dramatic uptick in oil prices in recent weeks has partly been driven by mounting expectations that Donald Trump will soon pull out of the 2015 accord. The U.S. president must decide […]

British Airways-owner IAG said it had been unable to reach agreement on a possible takeover offer for Norwegian after holding talks with the struggling airline’s board, putting a dampener for now on M&A in the European airline market. “IAG is currently considering its options in relation to Norwegian,” IAG said in slides for a presentation […]

No Nobel Prize for literature will be given this year, following a scandal over sexual misconduct allegations that has seen a string of board members resign from the board of the Swedish Academy that awards it, the Nobel Foundation said on Friday. The foundation said in a statement the intention was to award the 2018 […]

Italy’s biggest insurer Assicurazioni Generali said on Friday its profit in the first three months rose 8.6 percent to top forecasts, driven by a strong performance in non-life business. The company said net profits in the period came in at 581 million euros ($696 million), above an analyst consensus provided by the company of 575 […]

BNP Paribas reported a 17 percent fall in net income during the first quarter of the year, highlighting “lackluster” trading activity in Europe. The French bank announced profits of 1.57 billion euros ($1.88 billion) for the first quarter on Friday. This was down from 1.89 billion euros a year ago but was in line with […]

Societe Generale reported first-quarter net income that beat market expectations on Friday, but the French bank highlighted two major headwinds that led to disappointing revenue numbers across different divisions. It annonced group net profits of 850 million euros ($1 billion), slightly above last year’s performance. Net banking income stood at 6.294 billion euros for its […]