Barclays shares sink 5% as the bank expects to earn less interest in the U.K.

[ad_1] Barclays bank reported second quarter earnings Thursday. Bloomberg | Bloomberg | Getty Images Barclays said Thursday that it expects to earn less interest in its U.K. division, as analysts flagged the bank’s “modestly disappointing” set of results. The British lender reported a net income of £1.3 billion ($1.68 billion) for the second quarter, in … Read more

Spain’s election ends with no clear majority, throwing the country into political limbo

[ad_1] The leader and candidate of conservative Partido Popular (People’s Party) Alberto Nunez Feijoo. Oscar Del Pozo | Afp | Getty Images Spain’s election Sunday ended with no clear majority for either of the two main parties, throwing Europe’s fourth-largest economy into political limbo. With all votes counted, Spain’s conservative Partido Popular party secured 136 … Read more

European business activity slows in June as higher interest rates begin to bite

[ad_1] Fresh PMI data came in below expectations and pointed to an economic slowdown. Bloomberg | Bloomberg | Getty Images Business activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary data Friday. The euro zone’s flash composite Purchasing Managers’ Index dropped to 50.3 in June … Read more

Macron bypassed parliament and angered French citizens. Setting the far-right up for a bounce

[ad_1] French President Emmanuel Macron. Ludovic Marin | Afp | Getty Images President Emmanuel Macron‘s controversial pension overhaul, pushed through by overriding the country’s parliament, could eventually erase what the French leader has been working for over the last six years, political analysts told CNBC. Macron has placed himself as a centrist politician. When aiming … Read more