European stocks end higher but mark first weekly loss in four
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 3, 2023. REUTERS/StaffSTOXX...
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ECB says underlying inflation has peaked in good omen for future
The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai...
Key Republican urges Biden to set broad restrictions on U.S. investments in China
U.S. Representative Mike Gallagher (R-WI) walks to a House Permanent Select Committee on Intelligence meeting on Capitol Hill in Washington,...
Barclays explores moving EU headquarters from Dublin to Paris
The Barclays headquarters building is seen in the Canary Wharf business district of east London February 6, 2013. REUTERS/Neil Hall/File...
Meloni’s party proposes levy to fund cap on Italian mortgage rates
Italy's Prime Minister Giorgia Meloni holds her end-of-year news conference in Rome, Italy, December 29, 2022. REUTERS/Guglielmo Mangiapane/File PhotoROME, Aug...
EU banks face liquidity checks next year after 2023 crises
The skyline of the banking district is seen in Frankfurt, September 18, 2014. REUTERS/Kai Pfaffenbach Acquire Licensing RightsLONDON, Aug 3...
Worldcoin says will allow companies, governments to use its ID system
Ricardo Macieira, regional manager, Europe holds the biometric imaging device, the Orb of the identity and financial public utility Worldcoin in his hands, to create a World ID digital passport, being able to trade in cryptocurrency issued, in Berlin, Germany August 1, 2023. REUTERS/Annegret HilseLONDON, Aug 2 (Reuters) - Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters.Co-founded by OpenAI CEO Sam Altman, Worldcoin...
Fitch cuts US credit rating to AA+; Treasury calls it ‘arbitrary’
Aug 1 (Reuters) - Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.Fitch had first flagged the possibility of a downgrade in May, then maintained that position in June after...
Russian hackers crash Italian bank websites – cyber agency
ROME, Aug 1 (Reuters) - Italy's cyber security agency on Tuesday said it had detected hacker attacks against websites of...
Analysis: Commercial real estate investors, banks buckle up for perfect property storm
LONDON/SYDNEY, July 31 (Reuters) - Commercial real estate investors and lenders are slowly confronting an ugly question - if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar?Rising interest rates, stubborn inflation and squally economic conditions are familiar foes to seasoned commercial property buyers, who typically ride out storms waiting for rental demand to rally and the cost of borrowing to fall.Cyclical downturns rarely prompt fire sales, so long as lenders...