European markets open to close, stocks, data as ECB meets in Sintra

European markets open to close, stocks, data as ECB meets in Sintra

LONDON – European stocks closed lower on Wednesday as global market sentiment remained bearish, with investors nervous about a possible recession. The pan-European Stoxx 600 provisionally closed down by 0.7%, with shares of autos firms shedding 2.7% to lead losses as almost all sectors and major stock exchanges slid into the red. Health care stocks … Read more

European markets open to close after worst quarter since 2020

LONDON – European markets are set to pull back on Friday after suffering their worst quarter since the onset of the Covid-19 pandemic, as inflation and interest rate hikes continue to weigh on sentiment. Britain’s FTSE 100 is seen around 25 points lower at 7,144, Germany’s DAX is set to fall by around 93 points … Read more

Philadelphia Museum of Art returns marksman’s shield lost by German museum during WWII

A gilded silver shield from a 17th century bird shooting contest in Germany has been returned to the Dresden City Museum by the Philadelphia Museum of Art, ending a decade-long effort to bring the treasure back to Europe. The piece had been missing since the end of World War II. The shield was a trophy … Read more

Italy’s economy enters choppy waters – POLITICO

Press play to listen to this article Italy’s smooth sailing is about to come to an end. A combination of factors – the “Super Mario” brand of its prime minister, negative interest rates and the chance to spend nearly € 200 billion in EU recovery funds – meant that the EU’s third largest economy was … Read more

Former Nazi Guard, 101, Jailed In Germany For Aiding Murder

BERLIN (AP) – A 101-year-old man was convicted in Germany of more than 3,500 counts of accessory to murder on Tuesday for serving at the Nazis’ Sachsenhausen concentration camp during World War II. The Neuruppin Regional Court sentenced him to five years in prison. The man, who was identified by local media as Josef S., … Read more

G7 leaders push to cap oil prices – POLITICO

Press play to listen to this article ELMAU, Germany – Behind the free-trading façade of the G7, there’s now more than a whiff of Gosplan, the old Soviet central planning committee. Like price-fixing apparatchiks, leaders of the G7, the world’s industrialized democracies, convened in the Bavarian Alps for their annual meeting with a plan to … Read more

G-7 nations face threat of Russia shutting down more gas

Russian President Vladimir Putin makes a toast as he takes part in the XIV BRICS summit in virtual format via a video call, in Moscow on June 23, 2022. Mikhail Metzel | AFP | Getty Images The Group of 7 nations need to brace for a complete shutdown of Russian gas pipelines in the near … Read more

European markets open to close, earnings, data

LONDON – European stocks are expected to open in negative territory on Tuesday as global investor confidence sees another dip. The UK’s FTSE index is seen opening 20 points lower at 7,250, Germany’s DAX down 70 points at 13,139, France’s CAC 40 down 43 points at 6,021, and Italy’s FTSE MIB down 70 points at … Read more

Italy’s economy enters choppy waters – POLITICO

Press play to listen to this article Italy’s smooth sailing is about to come to an end. A combination of factors – the “Super Mario” brand of its prime minister, negative interest rates and the chance to spend nearly € 200 billion in EU recovery funds – meant that the EU’s third largest economy was … Read more

Zelenskyy urges G7 to provide anti-missile systems for Ukraine – POLITICO

ELMAU, Germany – Ukrainian President Volodymyr Zelenskyy on Monday urged G7 leaders to supply his country with sophisticated missile defense systems and additional aid that would tilt the war against Russia in Ukraine’s favor as quickly as possible. Zelenskyy also requested greater financial assistance for his war-ravaged country, as well as additional sanctions against Russia … Read more