Eurozone inflation hits record high of 8.1%
The Eurozone’s annual inflation rose to a record high of 8.1% in May, up from 7.4% in April, according to a flash estimate from Eurostat, the statistical…
May 2022
Central Bank of Ireland makes €1.32bn profit
The Central Bank of Ireland has published its 2021 annual report and annual performance statement, showing it made a financial profit of €1.32 billion, with…
EBRD adds Czech Republic to SME equity research
The Czech Republic has joined the list of countries that are covered by the European Bank for Reconstruction and Development (EBRD)’s equity research programme for…
ECB warns crypto may pose a risk to financial stability
By Mark McSherry The European Central Bank has warned that crypto-assets “will pose a risk to financial stability” if the present trajectory of growth continues “and…
Merck €440m Ireland expansion creates 370 jobs
German life sciences and technology giant Merck announced it is expanding its membrane and filtration manufacturing capabilities in Ireland. The company will invest €440 million…
€1bn Ireland-France interconnecter gets approval
EirGrid has welcomed the decision by An Bord Pleanála to grant approval for the €1bn Celtic Interconnector Project, subject to a number of conditions. The…
ECB to force London banks to relocate activity to EU
The European Central Bank (ECB) has warned that too many international investment banks continue to serve euro zone clients out of London and that the…
Global debt soars to record high over $305 trillion
Global debt increased by $3.3 trillion to a new record high of over $305 trillion in the first quarter (Q1) of 2022, according to the…
EU in €210bn plan to replace Russian fossil fuels
The European Commission on Wednesday launched a €210 billion draft plan for how Europe can end its reliance on Russian fossil fuels by 2027. Russia…
Allianz to plead guilty, pay $6bln in fraud case
By Mark McSherry German insurance and asset management giant Allianz has agreed to pay around $6 billion over the collapse of its Structured Alpha funds early in…
German funds take €45bn; assets slip to €4.1 trillion
Fund companies in Germany recorded net new business of €45.1 billion in the first quarter of 2022, according to BVI, Germany’s investment funds association. Around 700…
Europe’s largest EV battery recycling plant launches
Hydrovolt, a giant battery recycling joint venture between Swedish lithium-ion battery firm Northvolt and Norwegian aluminium maker Norsk Hydro, has started commercial recycling operations at its…
Commission backs €27bn EIB investments worldwide
The European Commission and the European Investment Bank (EIB) have signed a “Guarantee Agreement” through which the Commission will support up to €26.7 billion of EIB…
Hines raises €800m for European property fund
Global real estate firm Hines announced that Hines European Property Partners (HEPP), its new diversified, open-ended “core-plus” property fund focused on key European markets, has…
Sanofi spinoff EuroAPI rises on Euronext Paris debut
Shares of EuroAPI, Sanofi’s pharmaceutical ingredients spinoff, rose on their first trading day on Euronext Paris. The issue price of EuroAPI shares was set at…
Securities lending revenue up 20% to $828m in April
The global securities lending industry generated $828 million in revenue for lenders in April 2022, according to DataLend, the market data service of fintech EquiLend….
Apple hit with EU charge over mobile payments
By Mark McSherry European Commission antitrust regulators have charged iPhone maker Apple with allegedly restricting rivals’ access to its technology used for mobile wallets. Apple…