Category: Europe
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Palmer Square Arriving in Europe With 3 CLO ETFs
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Europe United States in general US credit-focused asset manager Palmer Square Capital Management will enter European ETFs with three strategies that capture collateralized loan obligations (CLOs). Mission Woods, Kansas-based, said it will look to target European institutional investors with three ETFs in “early 2025,” starting with the introduction of the…
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Russia Gas Flow to Europe Via Ukraine Set to Halt as Deal Lapses
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Breadcrumb links BMN Business It appears that Russian natural gas flows to Europe via Ukraine are about to stop on Wednesday, after the expiration of the transit agreement, which increases the risks to the continent’s energy security in light of its heavy reliance on reserves. Article writer: Bloomberg News Anna…
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Tether Faces Delisting In EU, What It Means for Crypto Traders in Europe
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Tether now appears to have been affected by the regulatory shake-up in Europe. In particular, with the EU’s new Markets for Crypto Assets (MiCA) regulations set to come into full force in member states by the end of the year, the cryptocurrency landscape is being reshaped. With the aim of…
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Tether Faces Delisting In EU, What It Means for Crypto Traders in Europe
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Tether now appears to have been affected by the regulatory shake-up in Europe. In particular, with the EU’s new Markets for Crypto Assets (MiCA) regulations set to come into full force in member states by the end of the year, the cryptocurrency landscape is being reshaped. With the aim of…
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Is Bitcoin Self-Custody Under Threat in Europe?
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For centuries, self-custody has symbolized financial independence, enabling individuals to secure their wealth – from gold to cash – without intermediaries. Bitcoin extends this principle to the digital sphere, offering a decentralized, censorship-resistant way to hold assets. However, upcoming European regulations under the Markets for Cryptoassets Regulation (MiCA) and the…
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Anti-tourist backlash in Europe causes cruise ships to change course
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Editor’s Note: This article was first published on July 17, 2024. The European head of the world’s largest cruise trade body has warned that its members may need to avoid some of the world’s most popular destinations to protect passengers amid a backlash against overtourism. Many European cities have expressed…
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Anti-tourist backlash in Europe causes cruise ships to change course
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Editor’s Note: This article was first published on July 17, 2024. The European head of the world’s largest cruise trade body has warned that its members may need to avoid some of the world’s most popular destinations to protect passengers amid a backlash against overtourism. Many European cities have expressed…
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Ford plans 4,000 more job cuts in Europe as EVs lose momentum
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Ford Motor Co. will look to cut another 4,000 jobs in Europe, further cutting costs within a region where the shift to electric vehicles is losing momentum industry-wide. The cuts – amounting to about 14% of Ford Europe’s workforce – will primarily affect operations in Germany and the UK by…
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Chinese carmaker GAC looks at making EVs in Europe as tariffs loom By Reuters
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Written by Gilles Guillaume PARIS (Reuters) – Chinese state-owned carmaker GAC is exploring manufacturing electric cars in Europe to avoid EU tariffs, its general manager told Reuters on Sunday, joining a growing list of Chinese companies planning local production. The company is among China’s largest automakers and targets sales of…
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The @Newsquawk Europe Market Open: China finance briefing, ECB and Fed speakers ahead
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Full note ? Asia-Pacific stocks traded mixed, initially benefiting from a technology-led rally on Wall Street, while China’s upcoming fiscal policy summary looms. ?Main developments: The Chinese Ministry of Finance will hold a press conference on October 12 to explain the fiscal policy adjustments. The Reserve Bank of New Zealand…
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Poland reports two more deaths in central Europe floods By Reuters
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WARSAW (Reuters) – Polish police said that the death toll from massive floods in southwestern Poland this month had risen to nine, and two more bodies were found during the clean-up operation. At least 26 people died across central Europe in the worst floods to hit the region in at…
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China’s Leapmotor and Stellantis open orders in Europe for budget EVs By Reuters
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MILAN (Reuters) – Chinese automaker LibMotor and partner Stellantis said on Tuesday they would start taking orders in Europe for a city car and an SUV as they expand their low-cost electric vehicle offering in the region. Stellantis owns a 51% stake in its joint venture Leapmotor International and has…
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Tesla shares gain on plans to launch Full Self-Driving in Europe, China By Reuters
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Written by Akash Sriram (Reuters) – Tesla Inc (NASDAQ:TSLA) shares rose 2.6 percent before the bell on Thursday after the electric carmaker stuck to its plans to launch its advanced driver assistance software for Full Self-Driving (FSD) in China and Europe pending regulatory approval. This comes about a month before…
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Tesla shares gain on plans to launch Full Self-Driving in Europe, China By Reuters
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Written by Akash Sriram (Reuters) – Tesla Inc (NASDAQ:TSLA) shares rose 2.6 percent before the bell on Thursday after the electric carmaker stuck to its plans to launch its advanced driver assistance software for Full Self-Driving (FSD) in China and Europe pending regulatory approval. This comes about a month before…
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Political Polarization in Europe threatens Euro stability amid rising extremism By Investing.com
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Macquarie noted on Tuesday that the euro is facing increasing pressure as political polarization in Europe, particularly in Germany, increases, raising concerns about the currency’s stability. Recent local elections in Germany, where far-left and right-wing parties won nearly half the votes in the states of Thuringia and Saxony, have deepened…
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China EV maker Xpeng considers Europe factory in areas with ‘low labor risks’
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Xpeng Inc. is looking for a manufacturing site in Europe, making it the latest Chinese electric vehicle maker to seek to mitigate the impact of import tariffs by building its vehicles in the region. Volkswagen AG’s Chinese partner is in the early stages of selecting a site in the European…
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Swiss finance minister chides US, Europe over ‘time bomb’ debt levels By Reuters
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ZURICH (Reuters) – Debt levels in the United States and Europe pose a risk to international financial stability and to Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper interview published on Saturday. In an interview with the Swiss daily Blick, Keller-Sutter praised Switzerland’s “disciplined” finances, which she said…
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How much damage would Trump tariffs do to Europe? By Investing.com
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The potential re-imposition of tariffs by the Trump administration poses a risk to Europe’s economic outlook. According to analysts at Capital Economics, these tariffs could cause significant damage to the European economy, especially by affecting key industries such as car and machinery manufacturing, which rely heavily on exports to the…
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Americans wanting to move to Canada, Europe, spike after Trump vs Biden debate
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They say politics and religion shouldn’t be discussed in polite conversation. But for some people, that rule can be hard to follow — they’re leaving the country because of the U.S. presidential election. Business is booming for companies that specialize in moving American citizens to countries like Canada and Europe.…
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Dow misses profit estimates on lower demand in Asia, Europe
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(Reuters) – Dow Chemical Co said on Thursday it missed second-quarter earnings expectations, hurt by lower prices and demand in key markets including Asia and Europe. Manufacturing activity in the eurozone and China declined during the quarter, with Chinese economic data in June showing raw material stocks in contraction territory.…