Giorgia Meloni and Italy’s far-right brothers lead the vote

The political leader of the Brothers of Italy, Giorgia Meloni. Marco Cantile | Light Rocket | fake images Italians are on track to elect the country’s first female prime minister and the first far-right-led government since the end of World War II. Giorgia Meloni’s Fratelli d’Italia (Brothers of Italy) party is set to win between … Read more

Italy braces for far-right leader as country votes in snap election

Giorgia Meloni, leader of the right-wing Fratelli d’Italia (Brothers of Italy) party holds up a giant Italian national flag during a political rally on February 24, 2018 in Milan, Italy. Emanuele Cremaschi | fake images Italians go to the polls on Sunday in a nationwide vote that could elect the country’s first woman prime minister … Read more

Citi says sterling dollar peg possible as UK risks currency crisis

A trader, center, wears a Citigroup jacket as he works on the floor of the New York Stock Exchange. Michael Nagle | Mayor Bloomberg | fake images LONDON – The UK is at risk of a currency crisis that could see the pound sterling reach parity with the dollar, according to analysts at Citi. The … Read more

British Pound Plunges, Bonds Plunge After Tax Cut Announcement

The British pound hit its lowest level since July 1, 2020. Matt Cardy | fake images The embattled pound sterling fell 2.5% against the dollar on Friday, after the new UK government announced a sweeping economic plan in a bid to boost growth. Sterling had fallen as low as $1.0975 by 3:35pm London time, extending … Read more

The Euro-Dollar Exchange Rate Produces a Big Discount for Americans

Mathieu Young/Getty Images Americans traveling to Europe can do so a bit cheaper these days than in years past. The US dollar is trading at its highest level in about two decades relative to the euro, meaning travelers can shop abroad more. investment related news ‘Get out of these distorted markets’: Mohamed El-Erian on where … Read more

How the Draghi government collapsed in Italy

Mario Draghi’s government came to an end earlier than expected by many analysts. Anadolu Agency | Anadolu Agency | fake images Mario Draghi is best known for saving the euro. But a coveted bailout of the Italian economy ended prematurely when domestic politics came to light last month, making it increasingly difficult for him to … Read more

European markets open to close, Fed, inflation data

LONDON (AP) — European stocks were mixed on Tuesday, paring earlier losses as investors closely monitor the euro and economic data. The pan-European Stoxx 600 index was little changed during the session during mid-afternoon trading, with sectors and major bourses heading in opposite directions. Oil and gas stocks led the losses, down more than 1.3%, … Read more

Euro teetering on brink of parity with US dollar on recession fears

A financial trader monitors data on computer screens while a desktop TV shows euro banknotes at the Frankfurt Stock Exchange in Frankfurt, Germany. Martin Leissl | Mayor Bloomberg | fake images The euro held close to parity with the US dollar on Tuesday as the energy supply crisis and economic woes in the euro zone … Read more

Germany’s vaunted trade surplus disappears as import prices rise

Germany’s trade entered negative territory in May, raising questions about the stability of its economy following Russia’s invasion of Ukraine. Images Alliance | Images Alliance | fake images Germany no longer exports more than it buys from other countries, highlighting the strains facing the nation and other European economies due to rising energy and food … Read more

Euro falls to 20-year low against dollar as recession fears rise

The euro currency symbol is displayed in the visitor center of the European Central Bank (ECB) building in Frankfurt, Germany. Alex Krauss | Mayor Bloomberg | fake images The euro fell to its lowest level in two decades on Tuesday as fears of a euro zone recession mounted, with gasoline prices soaring and the Ukraine … Read more