Financial Services

Klingbeil, Pistorius, Bas … German Social Democrats reveal ministers for Merz Cabinet
Germany’s junior coalition partner hands key ministries to familiar faces — and springs a few surprises.

French PM considering referendum on budget plans

Global financial rule-makers risk losing relevance if Trump pulls back entirely

16 countries to ask EU for fiscal leeway to spend big on defense

Germany’s center-left leader will be finance minister in the Merz government

Eurozone economy grows faster than expected in rush to get ahead of Trump tariffs

Mediobanca rebels at Rome’s efforts to force it into a shotgun marriage
Power cut leaves card users in the lurch in Spain, Portugal
Despite the dash for cash, Spain’s core settlement infrastructure continues to operate normally, says the Bank of Spain.
Germany triggers EU’s emergency clause for defense spending
Acting Finance Minister Jörg Kukies also pushes for wider definition of security investment.
Merz announces first German Cabinet choices
Germany’s chancellor-in-waiting hands key ministries to CDU veterans and business figures, setting the tone for a more conservative, security-focused government.
Battle over top Italian insurer Generali pits oligarchs against Milan elite
A fight for control over a vast chunk of Italy’s debt pile tests Rome’s influence and could reshape the Italian financial system.
EU governments consider appeasing Trump on global minimum tax
Capitals fear retaliation from the U.S. and are considering changing the rules to grant American companies an exemption from a crucial provision of the global tax deal.
Europe’s debt set to surge again in new era of uncertainty, IMF warns
But the Fund gives its implicit backing to Chancellor Rachel Reeves’ plans to stabilize U.K. public finances.
Italy harbors doubts about hitting 2 percent NATO target
Rome outwardly says it can easily reach politically unpopular defense spending targets without cutting vital services.
Trump: ‘No intention’ of trying to fire Fed’s Powell
Trump has repeatedly called on the Fed to cut borrowing costs, which would help boost the economy ahead of a potential hit to growth from tariffs.
Hermès to open new French factory as rival LVMH threatens Trump-inspired US move
The Birkin bag-maker doesn’t seem as put off by the threat of U.S. tariffs as its chief rival does.
IMF: Trump tariffs are crashing world economy, with US worst off
The multilateral lender thinks the U.S. will be hurt more than either Europe or China by Donald Trump’s tariff blitz.
Ranked: The 10 most intensely lobbied EU laws
Brussels is chockablock with people trying to influence new rules on everything from Big Tech to pesticide use. Here’s where they’ve put most of their efforts.
Commission livid as ECB warns of crypto apocalypse under Trump
Washington’s embrace of crypto may endanger the European financial system, but Frankfurt and Brussels are arguing over whether to rewrite a landmark law.
Brussels takes aim at those cashing in on broken European markets
Former investment banker turned Financial Services Commissioner, Maria Luis Albuquerque, is shining a light on the forces sabotaging greater integration.
Why von der Leyen’s Big Tech tax plan is bluster
There are major hurdles to overcome for the EU to retaliate against U.S. digital companies.
ECB slashes rates again as desperation mounts over trade war impact
But the seventh consecutive cut may still not be enough to revive European economic fortunes.
Trump hammers Federal Reserve chief Powell: ‘Termination cannot come fast enough!’
U.S. president lashes his central bank nemesis for not cutting interest rates fast enough.
Spain and Lithuania push to oust Ireland from leading eurozone talks
Carlos Cuerpo and Rimantas Šadžius are considering running for the Eurogroup presidency.
Belgium warns defense spending boost will hurt welfare state
“Defense definitely requires our full attention, but so does also the sustainability of our welfare state,” says Budget Minister Vincent Van Peteghem.
Trump’s treasury chief jabs Spain on defense spending
Madrid is one of NATO’s worst offenders when it comes to underspending on defense.
EU warms to boosting defense funding to secure eastern flank
Eastern EU countries like Poland say they are currently bearing the financing brunt.
EU-UK defense deal in sight at May summit
The two sides are preparing to sign a defense pact in London next month — but wider Brexit negotiations will take longer to wrap up.
Trump tariffs ‘increase risk’ of financial crisis, Germany’s Merz warns
Germany’s incoming Chancellor wants zero tariffs on transatlantic trade.
Britain’s Reeves calls for closer EU-UK defense ties
UK chancellor’s trip comes amid intensifying discussions about re-arming fund proposed by Brussels — and push for British involvement.
EU channels inner ‘Buddha’ as it reels from White House shocks
Finance ministers gathering in Warsaw will discuss tariffs and rearmament.