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Europe 'well positioned' for future shocks: ECB's Lagarde
Europe 'well positioned' for future shocks: ECB's Lagarde
by  AFP

Europe, under pressure from US tariffs and the war in Ukraine, is in a strong position to weather the next economic storm, ECB President Christine Lagarde said Thursday. "We have to face key risk in quantities that we could not anticipate," she said, citing, among other things, customs pressures and the ongoing war in Ukraine.

BBVA's Sabadell takeover bid fails: Spanish regulator
BBVA's Sabadell takeover bid fails: Spanish regulator
by  AFP

Spanish banking giant BBVA's hostile takeover bid for smaller rival Sabadell has failed, the stock market regulator announced on Thursday, dashing BBVA's hopes of creating a new European sector colossus. The leadership of Sabadell, Spain's fourth-largest bank, had persistently rejected BBVA's advances and recommended its plethora of small shareholders reject the bid.

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