Barclays swings back to profit in first quarter amid strategic overhaul
Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit
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Breaking News: Europe
Deutsche Bank reports 10% profit rise in first quarter, beating expectations
Deutsche Bank reported first-quarter earnings on Thursday. Source link
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EU threatens to suspend TikTok Lite’s money-for-views program over addiction fears
The European Union on Monday opened proceedings against ByteDance's TikTok and threatened to suspend its newly launched TikTok Lite rewards
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European Central Bank should cut in June to avoid falling behind inflation curve, policymaker says
The European Central Bank should cut interest rates in June to avoid falling behind the inflation curve, according to one
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World’s largest sovereign wealth fund posts $110 billion in first-quarter profit as tech stocks surge
Norway's giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($110 billion). Source link
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BP trims down executive team, picks new head of its gas and low carbon energy business
British oil major BP on Thursday trimmed the size of its executive team down to 10 members. Source link
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ECB June rate cut looks increasingly likely — but there are ‘still some caveats,’ German central bank chief says
Several ECB officials have made remarks about their expectations for interest rates in recent days. Source link
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UK inflation eases less than expected to 3.2% in March, sparking concerns of U.S.-style stickiness
Economists polled by Reuters expected a reading of 3.1%, down from 3.4% in February. Source link
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Bank of England to scrap outdated inflation forecasting model in major overhaul after Fed boss’ review
The Bank of England announced an overhaul of its inflation forecasting models after a long-awaited review by former Fed Chair Ben Bernanke. Source
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