The euro area is in a “very resilient place” and is likely to avert recession with a “very low level of growth” this year, according to the head of the Eurogroup, which brings together the bloc’s finance chiefs.
Invesco Ltd. and Man GLG Plc will take over British discount retailer Matalan Ltd. in a deal that will reduce the debt burden of the struggling UK retailer.
Europe has an opportunity to avoid a deep and prolonged recession though the economic situation remains uncertain, the European Union’s economy commissioner, Paolo Gentiloni, said Monday.
Six months since Turkey agreed to NATO allies inviting Sweden and Finland to join the alliance, the expansion has stalled as Ankara holds out on ratifying the applications.
Only 25% of Chileans back their president after unpopular pardons, a new poll shows
South African inflation expectations rose for the next two years, affirming predictions that the central bank will extend its most aggressive rate-hiking cycle in at least two decades.
ECB rate hikes, however, may dim the appeal of sovereign bonds.
The head of Qatar’s $450 billion sovereign wealth fund said it will use the current economic turmoil as an opportunity to rebalance its portfolio and is considering investments in soccer, financial institutions and tech.
Wind turbines are big enough for now and the challenge over the next decade will be expanding output to meet green goals around the world, the world’s top producer said.
Sports sponsorships have emerged as a major battleground in the push to ban fossil fuel companies from advertising their brands.
