EU boosts support for Armenia with €18 million package amid rising Russian economic pressure

The European Union has announced a new €18 million support package for Armenia, alongside measures aimed at easing access for Armenian exports to European markets, as tensions rise over growing economic pressure from Russia. The announcement was made during a high-level visit to the Armenian capital, where European leaders signaled stronger......

ECB defends bank capital rules, says strong buffers do not limit lending

The European Central Bank (ECB) has reaffirmed its commitment to maintaining current bank capital requirements, rejecting growing calls from the banking industry for regulatory easing. The institution argues that robust capital buffers remain essential to safeguarding financial stability and have not hindered banks' ability to finance......

EU’s top court upholds €4.1 billion Antitrust fine against Google over Android practices

Europe’s highest court has upheld a €4.1 billion ($4.8 billion) antitrust penalty against Google, rejecting the technology giant’s final appeal in one of the European Union’s most significant competition cases. The ruling confirms that Google abused its dominant position in the Android mobile operating system market......

Volvo Cars reports 5.6% drop in second-quarter sales as electric vehicle demand continues to grow

Volvo Cars reported a decline in global vehicle sales during the second quarter of 2026, reflecting challenging market conditions despite continued growth in demand for its electrified models. The Swedish automaker sold 171,501 vehicles between April and June, a 5.6% decrease compared with the same period last year, according to figures released......

ECB inflation concerns persist despite falling oil prices, policymakers warn

European Central Bank (ECB) policymakers have cautioned that inflationary pressures in the eurozone are likely to persist despite a recent decline in global oil prices, underscoring ongoing uncertainty about the trajectory of monetary policy in the region. Speaking at the ECB Forum in Sintra, Portugal on Tuesday, officials acknowledged the......

Standard chartered appoints new Europe and UK CEO in strategic push to expand regional growth

Standard Chartered has appointed Margaret Harwood-Jones as Chief Executive Officer for Europe and the United Kingdom, introducing a newly created leadership role aimed at accelerating the bank’s expansion across two of its key strategic markets. The announcement, made on Tuesday, reflects the lender’s renewed focus on strengthening......

Global Wealth surges in 2025 as nearly one million new millionaires emerge, UBS reports

Global personal wealth recorded its strongest annual expansion in several years during 2025, creating nearly one million new U.S. dollar millionaires as financial markets delivered robust returns, according to the latest UBS Global Wealth Report. The Swiss banking group reported that total global personal wealth increased by 10.8% in 2025,......

WHO reports more than 1,300 heat-related deaths as Europe faces extreme temperatures

Europe is facing one of its most severe heatwaves in recent years, with the World Health Organization (WHO) reporting that more than 1,300 additional deaths have been linked to extreme temperatures since June 21. Health officials are urging governments to strengthen emergency measures as unusually high temperatures continue to affect millions......

Europe faces severe heatwave as temperatures exceed 35°C across the continent

A widespread heatwave is currently affecting Europe, with temperatures expected to exceed 35°C in several regions, impacting an estimated 150 million people, according to analyses based on meteorological forecasts. Weather data suggests that more than 420 million people across the continent could experience temperatures above 30°C,......

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