Barclays bank released its second quarter earnings report on Thursday. Image Source: Bloomberg | Bloomberg | Getty Images Barclays achieved a net income of £1.3 billion ($1.68 billion) in the second quarter, meeting expectations despite a slowdown in investment banking. According to Refinitiv, analysts projected a net income of £1.4 billion for the quarter. In …
A branch of Deutsche Bank AG in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images Deutsche Bank reported a second-quarter net profit of 763 million euros ($842 million) for 2023, surpassing expectations despite a 27% year-on-year decline. The bank’s net profit attributed to shareholders slightly …
Bulk carriers are docked at the grain terminal of the port of Odessa, Ukraine, on April 10, 2023. Bo Amstrup | Afp | Getty Images Russia announced on Monday that it has temporarily suspended the humanitarian corridor for delivering Ukrainian grains to global markets, just hours before the scheduled expiration of the agreement. The Black …
The Kerch Bridge, which connects Crimea to Russia, was captured in a photograph on October 14, 2022. Stringer | Afp | Getty Images The head of Crimea’s Parliament, installed by Russia, has attributed the disruption of traffic and the reported deaths of two individuals on the Crimean bridge to a “terrorist attack” by Ukraine. “Tonight, …
A worker handles wheat grain in a storage granary at Aranka Malom kft mill in Bicske, Hungary on Tuesday, May 16, 2023. The Black Sea deal has allowed Ukraine to ship more than 30 million tons of produce from three major ports, helping to bring down global food prices down after they spiked following Russia’s …
Gariguette strawberries on sale at Annecy Saturday market, France. Godong | Universal Images Group | Getty Images Euro zone inflation for June, based on preliminary data, recorded a rate of 5.5%. Although this is lower than what analysts expected, the core inflation rate remains persistently high at 5.4%, excluding energy and food. The European Central …
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — In a surprise move, the Bank of England (BOE) raised interest rates by 50 basis points on Thursday, marking its 13th consecutive increase as policymakers tackle persistent …
A screen grab captured from a video shows Russian President Vladimir Putin making a statement amid escalating tensions between the Kremlin and the head of paramilitary group Wagner in Moscow on June 24, 2023. Kremlin Press Office| Handout | Anadolu Agency | Getty Images Russian President Vladimir Putin pledged to punish all individuals involved in …
Business activity growth in Europe experienced a slowdown in June, indicating a challenging end to the second quarter, according to preliminary data released on Friday. The flash composite Purchasing Managers’ Index (PMI) for the euro zone dropped to 50.3 in June from 52.8 in the previous month, falling below analysts’ expected level of 52.5. A …
Residents waiting at a bus stop under a large Turkish flag in Istanbul, Turkey, on Sunday, April 30, 2023. Bloomberg | Bloomberg | Getty Images Turkey’s central bank has announced a significant increase in the country’s key interest rate, raising it from 8.5% to 15%. This decision comes as part of the new economic administration …