U.K. economy contracts in the second quarter as cost-of-living crisis bites
The U.K. economy contracted in the second quarter of 2022, although by less than economists expected.
CNBC Europe
No more $10 flights: Budget airline Ryanair says ticket prices will have to rise
The CEO of Ryanair, Europe's biggest airline by passenger numbers, says the era of super cheap air travel is over.
UK's urgent polio vaccine rollout for children in London 'a wake-up call' as more virus traces found
Britain is rolling out urgent polio vaccinations for all London-based children under 10 as a reemergence of the virus stoked fears of a wider outbreak.
'A tragedy': Britain's cost-of-living crisis worsens as rents soar and energy bills top $5,000
Legal and General’s CEO Nigel Wilson described the UK's cost-of-living crisis as “a tragedy for many, many people” as rent and energy bills skyrocket.
Deliveroo first-half losses widen as food delivery firm plans exit from the Netherlands
Deliveroo reported a pretax loss of £147.3 million in the first six months of the year, up 54% from the same period a year ago.
This 36-year-old Ukrainian CEO shares tough lessons on how to run a start-up in wartime
Aleksandr Volodarsky, the founder and CEO of Lemon.io — a start-up from Ukraine — shares the tough decisions he's had to make in wartime.
Biden signs ratification documents approving NATO membership for Finland and Sweden
Last week, the Senate voted 95 to 1 to ratify the entrance of Finland and Sweden into the world's most powerful military alliance.
Japanese shipping giant to take part in tidal power project planned for Singapore
The International Energy Agency has said "marine technologies hold great potential."
Bohemian noble family redefines modern aristocracy by selling NFTs to preserve and share a 700-year-old legacy
A 27-year-old prince in Prague is trying to preserve and share his family's 700-year-old legacy using NFTs, the blockchain and the metaverse.
Biden authorizes largest yet weapons package for Ukraine, bringing U.S. commitment to $9.8 billion
The Biden administration announced a $1 billion security assistance package for Ukraine on Monday.
Deadlock with Russia over Nord Stream gas turbine is not our fault, Siemens Energy CEO says
The Kremlin has cut gas supplies to Europe via the Nord Stream 1 pipeline to just a fifth of its capacity.
Cash withdrawals in the UK soar as Brits grapple with the rising cost of living
Brits are using cash as a way to manage their budgets as inflation in the country is expected to peak at over 13% in October.
British Airways suspends the sale of short-haul flights from Heathrow
BA has suspended short-haul flights after Heathrow asked airlines to reduce passenger numbers because of "ongoing challenges" facing the industry.
International airlines launch battle plans to deal with summer of travel chaos
Emirates and Ryanair are among the airlines running operations as usual, while KLM and easyJet have altered their schedules.
China sanctions Pelosi over trip to Taiwan, says visit was an 'egregious provocation'
Pelosi visited Taiwan earlier this week, in what was a highly controversial move.
WNBA star Brittney Griner sentenced to nine years in prison by Russian court
The decision comes one week after the Biden administration confirmed it made an offer to Russia for the release of Griner and former U.S. Marine Paul Whelan.
SolarEdge is willing to sacrifice margins today to capture huge demand growth in Europe, CFO says
SolarEdge shares tumbled after the company's second-quarter results, but the company's CFO CFO Ronen Faier believes that higher costs now will pay off.
Goldman Sachs doesn’t see nuclear as a transformational technology for the future
Goldman Sachs' Michele Della Vigna made his comments during an interview with CNBC on Thursday.
Bank of England’s Bailey warns UK faces ‘very big’ inflation shock, defends historic rate hike
The Bank of England on Thursday defended its decision to hike rates at the fastest clip in 27 years, saying the U.K. faces a "very big" inflation shock.
IMF tells Europe to let consumers bear the brunt of higher bills to encourage energy saving
The IMF warned European governments against intervening in the region's worsening energy crisis with broad-based financial support.
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