NEWS

Snap's earnings may hold positive news for Meta, Google

A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City
Snap Inc blamed a poor economy and increased competition for its ho-hum quarterly earnings, but a rise in the key ad metric could mean good news for Facebook owner Meta Platforms and Alphabet, analysts said on Wednesday.
The European Commission, led by Ursula von der Leyen, looks likely to jettison an idea for an EU sovereign fund

EU lays out response to US green tech subsidies

The EU will reveal Wednesday plans to counter the threat to European industry from US green energy subsidies and unfair competition from China, with leaked proposals pointing to a controversial expansion of state aid rules.
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Oil product tankers sail along Nakhodka Bay near the port city of Nakhodka

Oil rises as U.S. recession fears ease and dollar slips

Oil prices climbed on Wednesday underpinned by a weaker dollar, which fell on signs of slowing inflation in the United States, easing fears that the world's largest oil user may face a recession because of further interest rate hikes.
Eurozone unemployment fell to its lowest point since official statistics were first compiled in 1998

Eurozone dodges recession but gloomy outlook persists

The eurozone economy showed greater resilience than expected after avoiding a recession in the fourth quarter of 2022, official data showed Tuesday, but the outlook remained gloomy as soaring prices dampen growth.