Italy's troubled third largest bank, Monte dei Paschi di Siena (BMPS), said Tuesday that the European Central Bank has called for it to receive a bailout of 8.8 billion euros ($9.2 billion).
Russia supplied nearly a third of Europe's gas needs in 2016, a record amount despite tensions with the European Union and a desire by the bloc to reduce its dependence on Russian supplies.
On the crowded morning metro in Helsinki, silence prevails. Everyone is hunched over their smartphone screens, reading the news, checking emails or watching videos.
Customers line up outside Selfridges department store ahead of the Boxing Day sale in central London, on Monday, Dec. 26.
Eurogroup head Jeroen Dijsselbloem on Saturday said Greece had cleared up doubts and could expect a positive decision on debt relief, defusing a row over surprise handouts announced by Athens.
In the wake of the Brexit referendum earthquake, few people felt the aftershocks as keenly as the shopkeepers of Dundalk, a sleepy town of 37,000 people on the Irish border with Northern Ireland.
Two big European banks will give billions in loan relief to U.S. borrowers to settle civil claims over risky securities that helped spark the 2008 financial crisis.
German consumers are looking ahead to the new year with optimism, a leading survey said Friday, though it warned that the impact of this week's deadly Berlin attack had yet to be taken into account.
A German association that strives to promote the use of Goethe's language said on Thursday it had sold its shares in Volkswagen in protest at the car maker's decision to make English its official language.
Stock in Monte dei Paschi di Siena tumbled again on Wednesday as investors feared the troubled Italian bank's efforts to find billions of euros quickly are all but doomed.