LVMH boss Bernard Arnault under investigation in Paris over Russian oligarch transactions
The Paris public prosecutor’s office is investigating LVMH CEO Bernard Arnault over financial transactions involving Russian oligarch Nikolai Sarkisov.
Spain’s right-wing party loses chance to form government, setting up socialist Sanchez for fresh bid
Pedro Sanchez, Spanish Socialist Workers’ Party leader, now has two months and two similar attempts to gain parliamentary support.
Stagflation is ‘the big bogeyman out there’ — and many increasingly fear its return
Oil prices surging to the brink of $100 a barrel and the specter of higher-for-longer inflation has reignited concern about stagflation risks.
UK economic recovery picks up steam, overtaking ‘sick man’ Germany — for now
The U.K.’s economic performance since the start of the Covid-19 pandemic has surpassed that of France and Germany, according to data revisions published Friday.
Biden’s IRA plan pushes battery-maker Northvolt to plan new factory in Canada
Northvolt plans to establish a fully integrated lithium-ion battery gigafactory in the Canadian province of Quebec — its first factory outside Europe.
Coinbase CEO slams JPMorgan for banning crypto payments in UK, suggests government should act
Coinbase CEO Brian Armstrong slammed the move by Chase UK to ban crypto transactions, saying it was wrong for private companies to “deplatform” the industry.
Oil prices near $100 per barrel raise questions over demand destruction
“The self-fulfilling prophecy means that at a particular point of time comes a tipping, and then there’s a fall of demand,” India’s energy minister warned.
‘AI is transformative for the geopolitical order,’ political scientist Ian Bremmer says
Eurasia Group President Ian Bremmer said he is an “enthusiast” about the potential for artificial intelligence, but warned of possible risks on the horizon.
Euro zone inflation fell to 4.3% in September, lowest level since October 2021
Inflation in the euro zone fell to 4.3% year-on-year and 0.3% month-on-month in September, flash figures showed Friday.
European stocks log worst quarter in a year with a drop of 2.9%
European investors analyzed this month’s euro zone inflation, which fell to its lowest level since October 2021.
