U.K. politician Nigel Farage — an outspoken supporter of Brexit — has said it might be time to hold a second referendum on Britain’s membership of the European Union. Farage, the former leader of the right-wing UKIP party, said that having a second referendum would remove doubt over the U.K.’s decision to withdraw from the […]

Brexit could result in the loss of nearly half a million jobs and almost £50 billion ($67 billion) in investment by 2030, according to an independent economic report published Thursday. The analysis — commissioned by Mayor of London Sadiq Khan — models five possible scenarios for Britain’s looming departure from the European Union. The scenarios […]

The German economy grew by a less than expected 2.2 percent in 2017, the strongest rate in six years and an improvement on the previous year, a preliminary estimate from the Federal Statistics Office showed on Thursday. Europe’s largest economy is benefiting from rising private consumption and resurgent exports buoyed by a recovery of the […]

Tesco reported a 1.9 percent rise in like-for-like sales in its home market for the Christmas period, falling short of market forecasts after strong growth in fresh food was offset by lower demand for general merchandise. Analysts had forecast a rise of 2.4-3.2 percent in the six weeks to Jan. 6 at Britain’s biggest retailer. […]

European markets are set to open slightly higher Thursday morning, as investors await the release of corporate earnings and economic data. The FTSE 100 is expected to start 13 points higher at 7,748; while the German DAX is seen up by 24 points at 13,295 and the CAC 40 is set to open 5 points […]

French police say that five thieves, some of them armed, have entered the luxury Ritz Hotel in Paris and stolen goods, likely jewels, worth “an important sum.” The French TV station BFM said that 4.7 million euros ($5.64 million) worth of jewels have been taken. A police official says that no one was injured in […]

Global investors should not be put off by current equity market valuations and now is not the time to “de-risk” portfolios, according to one global market strategist. “Despite the strong rally, valuations have not changed much since the start of 2017 in Europe, U.K. and Japan, as earnings have grown strongly,” Mike Bell, global market […]

As French President Emmanuel Macron wrapped up his first official visit to China, there are signs that Beijing’s relationship with Europe is shifting. The French politician’s first official visit to China is notable for coming as other leaders of the Western world struggle domestically. In fact, Macron appeared as “perhaps the leader of Europe at […]

European equities are set for a mixed open Wednesday morning as investors watch out for corporate earnings and fresh data. The FTSE 100 is set to start up by 0.1 points at 7,724; the DAX is expected to open down by 6 points at 13,378 and the CAC 40 is seen up by 2.4 points […]

Oil traders are well-positioned to generate returns despite the likelihood of prices falling away from multi-year highs over the coming months, according to a senior analyst at Goldman Sachs. Oil prices rose to their highest level since mid-2015 on Tuesday, as political concerns among some OPEC nations offset projections for higher U.S. oil production. Alongside […]