The White House's protectionist policies could hit the U.S. harder than Europe in the short term, Banco Santander's executive chair told CNBC on Thursday, as tariffs take a toll on domestic consumers."Tariffs [are] a tax. It's a tax on the consumer." Ana Botín said in an interview with CNBC's...
The German parliament building, the Reichstag, which has been the seat of the Bundestag since 1999.Fhm | Moment | Getty ImagesU.S. tariffs could push Europe's largest economy into a recession, German central bank President Joachim Nagel warned Thursday, as Berlin faces a debate over the potential overhaul of its...
Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Wednesday, March 29, 2023. Alibaba's overhaul could serve as a template for a restructuring of China Tech itself: a shake-up that achieves Beijings aim of carving up the countrys tech titans while unlocking potentially billions of dollars...
Ironing out the 2026 budget of the euro zone's second-largest economy will prove a "demanding" task, French Economy Minister Eric Lombard told CNBC's Charlotte Reed, after lawmakers earlier this month finally adopted 2025's financial plan after a spate of tumultuous, government-toppling attempts.France has charted a trajectory to reduce its...
Chris Ratcliffe | Bloomberg | Getty ImagesBritish bank Barclays on Thursday posted a rise in full-year pre-tax profit that came in just ahead of analyst expectations, while also launching a £1 billion share buyback.Pretax profit rose by 24% to £8.108 billion in 2024, just above analyst expectations of £8.081...
The logo of German bank Commerzbank seen on a branch office near the Commerzbank Tower in Frankfurt.Daniel Roland | Afp | Getty ImagesGermany's second-largest lender Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new...
The BP logo is displayed outside a petrol station near Warminster in Wiltshire, England, on Aug. 15, 2022.Matt Cardy | Getty Images News | Getty ImagesBritish oil major BP on Tuesday posted a sharp drop in fourth-quarter profit on weaker refining margins, announcing a $1.75 billion share buyback and...
The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024.Emanuele Cremaschi | Getty Images News | Getty ImagesItaly's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank's M&A overtures.Net profit attributable to the...
Shares of Banco Santander jumped after Spain's largest lender reported record profit in the fourth quarter and announced plans for 10 billion euros ($10.4 billion) in share buybacks from 2025 and 2026 earnings and anticipated excess capital.The bank's net profit picked up by 11% year-on-year to 3.265 billion euros...
Swiss giant UBS posts $770 million in net profit, launches $1 billion share buyback in first half