HONG KONG, CHINA - 2021/08/07: Pedestrians cross the street in front of the Swedish multinational clothing design retail company Hennes & Mauritz, H&M, store in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesShares of H&M leapt 14% in early deals on...
Christine Lagarde, president of the European Central Bank, at the ECB And Its Watchers conference in Frankfurt, Germany, on March 20, 2024. Bloomberg | Bloomberg | Getty ImagesEuropean Central Bank chief Christine Lagarde on Wednesday reiterated that June is the month in which policymakers will consider bringing interest rates lower."By...
The European Central Bank must take its time to get interest rate cuts right, its chief economist, Philip Lane, said Thursday."A lot of evidence is accumulating, but what's also fair to say is that the transition from this holding phase, we've been on hold since last September since a...
People walk along Waterloo Bridge past the City of London skyline, the capital's financial district, on a sunny and mild day.Sopa Images | Lightrocket | Getty ImagesLONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped unexpectedly.The headline...
European Central Bank policymakers on Thursday lowered their annual inflation and growth forecasts, as they confirmed a widely expected hold of interest rates.Staff projections now see economic growth of 0.6% in 2024, from a previous forecast of 0.8%.They presented a more positive picture on inflation, with the forecast for...
Maskot | Digitalvision | Getty ImagesShares of Teleperformance plunged 20% on Thursday, after the French call center and office services group missed its full-year revenue target and flagged a "volatile economic environment."Investors have been spooked by the potential impact of artificial intelligence on its business model, as companies become...
A salesman preparing a bag of sweets for a customer in the Sicilian confectionery shop Mazzone on February 02, 2024 in Catania, Italy. Fabrizio Villa | Getty Images News | Getty ImagesInflation in the 20-nation euro zone eased to 2.6% in February, flash figures showed on Friday, but both...
Bud Light, made by Anheuser-Busch.Joe Raedle | Getty ImagesHiking beer prices led Budweiser owner Anheuser-Busch InBev to profit and revenue growth last year, even U.S. sales of staple brand Bud Light were curbed by boycott action.The world's biggest brewer on Thursday recorded annual revenue of $59.38 billion, up 7.8%,...
Joachim Nagel, president of Deutsche Bundesbank, during the central bank's "Annual Report 2023" news conference in Frankfurt, Germany, on Friday, Feb. 23, 2024. Bloomberg | Bloomberg | Getty ImagesLosses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates, requiring it...
Rain falls over the finance district and the European Central Bank (ECB) in Frankfurt, Germany.Thomas Lohnes | Getty Images News | Getty ImagesThe European Central Bank on Thursday reported its first annual loss since 2004, following hefty payouts due to higher interest rates.It reported losses of 1.3 billion euros ($1.4...