Western Europe

Russia's war in Ukraine claims another casualty: the profits of European energy companies.

Toshiba has been in conflict with activist shareholders since a 2015 accounting scandal, followed by a massive write-down on its nuclear business the following year.

According to Sweden’s state-owned mining company LKAB, more than one million tons of rare earth oxides—the largest deposit of its kind in Europe—was discovered near Kiruna, about 1,000 kilometers north of Stockholm.

The Swiss National Bank projects losses on foreign currency transactions of CHF131 billion, with another CHF1 billion in losses on positions held in Swiss francs.

Britain repeals post-2008 banking reforms, including the cap on bonuses for bankers.

Microsoft’s investment in LSEG comes at a time when big tech names like Google, Amazon and IBM are increasingly engaged in an arms race to deepen relationships with financial firms.

New capital requirements could reduce the mortgage loan lending capacity for Norway’s small and medium-sized banks by up to $17.3 billion.

Global Finance announces the best private banks in Western Europe.

Brexit and chaotic economic policy from Westminster caused the London Stock Exchange to temporarily lose its status as Europe's biggest stock market.

The region’s economies are also threatened by large numbers of “zombie firms" as growth slows.

On Italian Prime Minister Mario Draghi's last day in office, the European Council in Brussels sent him off with a long applause and a celebratory video entitled “Arrivederci Mario.”

Britain's third prime minister in just three months—Rishi Sunak—steps up to the plate.

Although the precise remit has not been defined, the envoy will focus on the major funds in the Persian Gulf.

The hiring will also include software developers and data specialists who will work with BBVA’s Client Solutions, Architecture and Data teams on the design, development and deployment of global and reusable components that support the creation of functionalities for retail and corporate clients.

Queen Elizabeth II’s passing may lead to independence bids from some the of 15 remaining realms under the rule of the British monarchy.

Poised to become Italy’s first female premier, Meloni succeeds Mario Draghi, who resigned in July after his governing coalition collapsed. 

Sweden Democrats won 20% of the seats in the country's parliament and will likely dictate the next government's policy agenda.

Multiple, competing Libor replacements are gaining momentum on both sides of the Atlantic.

Liz Truss is promising tax cuts during an inflationary crisis.

Inflation and rising borrowing costs threaten Spain's post-pandemic recovery.