European markets open to close, data, earnings, G-7, Ukraine

LONDON — European stocks moved higher on Monday, continuing a positive trend seen at the end of last week’s trading. The pan-European Stoxx 600 index added 0.9% in early trade, with basic resources jumping 3.6% to lead gains as almost all sectors and major bourses entered positive territory. The higher open on Monday comes after … Read more

European stocks open to close as recession fears continue

LONDON — European stocks were lower Thursday, as global markets see renewed volatility after a brief recovery following last week’s tumultuous trading. The pan-European Stoxx 600 dropped 0.5% by late morning, having recovered more than half of its earlier losses. Banks fell 1.5% while travel and leisure stocks gained 1.1%. In terms of individual share … Read more

European markets open to close, stocks, data, global markets

LONDON — European stocks moved higher on Tuesday, continuing a recovery seen at the start of the week. The pan-European Stoxx 600 index added 0.8% in early trade, with chemicals stocks climbing 1.6% to lead gains as almost all sectors and major bourses nudged into positive territory. The positive open for Europe comes as global … Read more

Travel demand unlikely to dissipate despite airport chaos

Emirates has said it doesn’t see travel demand dissipating any time soon, even as the industry battles a string of challenges that have already sparked airport chaos ahead of the busy summer holiday season. Tim Clark, president of the Dubai-based carrier and an airline veteran, said that he had “never seen anything” like the headwinds … Read more

Executives defend industry as airlines cancel flights around world

Air travel is roaring back, but not without some significant hiccups. Particularly in North America and Europe, travelers have described chaos at airports, with scores of flights canceled or delayed, luggage lost and wait times to board plans exceeding four hours. That’s partly the result of labor shortages from the pandemic, as layoffs have put … Read more

May retail, industrial production, fixed asset investment

New energy vehicles, which include hybrid and battery-powered cars, have seen sales surge in China despite a slump in the overall car market. Pictured here is an unnamed new energy vehicle factory in Jiangsu province on June 13, 2022. Wan Shanchao | Visual China Group | Getty Images BEIJING — China released economic data for … Read more

Brits paying $8.60 a gallon for gasoline $125 to fill family car

The cost of filling an average family car in the UK has surpassed £100 for the first time ever. Picture Alliance | Getty Images Britons are now paying over £100 ($125) to fill up an average-sized family car after petrol prices soared past the psychological threshold for the first time ever Thursday. The price is … Read more

European markets open to close, data, ECB decision

LONDON — European stocks are expected to open lower ahead of the latest interest rate decision from the European Central Bank on Thursday. The UK’s FTSE index is seen opening 32 points lower at 7,554, Germany’s DAX down 75 points at 14,360, France’s CAC 40 down 35 points at 6,403, and Italy’s FTSE MIB 156 … Read more

OECD slashes GDP prediction on Ukraine war and China’s zero-Covid policy

The OECD estimates that global gross domestic product [or GDP] will reach 3% in 2022 — a 1.5 percentage point downgrade from a projection done in December. nur photo | nur photo | Getty Images The Organization for Economic Cooperation and Development has become the latest international institution to cut its predictions for global growth … Read more

European markets open to close, stocks, data, US inflation

LONDON — European stocks are expected to open in negative territory amid nervousness over inflation, with the next reading of US inflation due at the end of the week. The UK’s FTSE index is seen opening 39 points lower at 7,576, Germany’s DAX 113 points lower at 14,540, France’s CAC 40 down 54 points at … Read more