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In the biggest shock (by the FIFA world rankings) of Euro 2024 so far, Georgia defeated Portugal 2-0 to secure a place in the knockout stages in what is their major tournament debut. Georgia reached Euro 2024 — their first-ever appearance at a major tournament — after beating Greece in a playoff penalty shootout at the end of March. They had actually finished fourth in their Euro qualifying group, ahead of only Cyprus, but reached the playoffs via the Nations League route topping Group C4. Frustration was understandable, but it consumed him for the rest of the game — right until he was substituted midway through the second half, still without a goal in three appearances at Euro 2024. Going into tonight’s game, he had conceded four goals at Euro 2024 — but that was from 20 shots on target.

Persons: Roberto Martinez, Kvaratskhelia, Georges Mikautadze, Cristiano Ronaldo, —, , Willy Sagnol, ”, Steve Clarke’s, tamely, Giorgi Mamardashvili —, Sagnol, “, Tom Burrows, Ronaldo, Goncalo Ramos, Oliver Kay, Germain, Mikautadze, Diogo Costa, Joao Palhinha, Luis de la Fuente, De la, Antonio Silva, Silva, Pedro Neto, Martinez, Joao Felix, Felix, Francisco Conceicao, Conceicao, Neto, Jay Harris, Giorgi Mamardashvili, Diogo Dalot, Chris Brunskill Organizations: FIFA, Spain, Sunday, Georgia, Greece, Nations League, Athletic, ”, Scotland, Valencia, Ajax, Portugal, Paris Saint, Albania, Wolverhampton Wanderers, Barcelona, Europa League for Locomotive Tbilisi Locations: Georgia, Portugal, Slovenia, Frankfurt, France, Belgium, Turkey, Cologne, Cyprus, Germany, Czech Republic, Romania, Europe, Metz, Paris, Napoli

☆ Ukraine exits Euro 2024 after goalless draw with Belgium as all four teams in Group E finish with four points
▼ + stars: | 2024-06-26 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —Belgium narrowly made it through to the knockout stages of Euro 2024 after a 0-0 draw with Ukraine, qualifying second behind Romania in a tight Group E that finished with all four teams on four points. It was a heartbreaking end to the tournament for Ukraine, which exits Euro 2024 after finishing bottom of the group, despite picking up more points than some of the teams that qualified third from other groups. Romanian midfielder Razvan Marin (L) celebrates scoring his team's first goal from the penalty spot during the Euro 2024 Group E football match against Slovakia at the Frankfurt Arena in Frankfurt am Main on June 26, 2024. Kevin De Bruyne of Belgium crosses the ball during the UEFA EURO 2024 group stage match against Ukraine at Stuttgart Arena on June 26, 2024 in Stuttgart, Germany. It was a cruel way for its Euro 2024 adventure to come to an end, making history but for all the wrong reasons.

Persons: Domenico Tedesco’s, Kevin De Bruyne, Trubin, Razvan Marin, Angelos Tzortzinis, Serhiy Rebrov, Oleksandr Zinchenko, Andriy Yarmolenko, Mykhailo Mudryk, Roman Yaremchuk, Koen Casteels, Artem Dobvik, De Bruyne, Lukaku, Clive Mason, Yannick Carrasco, Ruslan Malinovskyi, Casteels, Georgiy Sudakov Organizations: CNN —, Ukraine, Romania, Devils, France, Red Devils, Slovakia, Frankfurt, Getty, Chelsea, UEFA, Stuttgart Arena Locations: CNN — Belgium, Slovakia, France, Belgium, Ukraine, Frankfurt, AFP, Stuttgart, Germany, Romania, Trubin

☆ Airbus shares fall 11% as company cuts 2024 guidance on targets, deliveries
▼ + stars: | 2024-06-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: 1 min

A Lufthansa Airbus A340-313 aircraft taxis at Los Angeles International Airport before departing for Frankfurt on May 5, 2024 in Los Angeles, California. Shares in Airbus fell by close to 11% on Tuesday after the company said it was cutting its targets for 2024, including aircraft deliveries and earnings. Airbus on Monday said it was now expecting its adjusted earnings before interest and taxes to come in at around 5.5 billion euros ($5.9 billion), down from a previous estimate of 6.5 to 7 billion euros affirmed on April 25. The company said it was now anticipating to deliver approximately 770 commercial aircrafts this year, compared to a previous outlook near 800. Europe-listed shares in the company were down 10.75% at 9:50 a.m. London time.

Organizations: Lufthansa Airbus, Los Angeles International Airport, Frankfurt, Airbus Locations: Los Angeles , California, Europe, London

☆ Germany gets stoppage-time goal to top Group A at Euro 2024, Hungary boosts qualification hopes with late goal
▼ + stars: | 2024-06-23 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

However, Niclas Füllkrug equalized late on to rescue a point for the host nation and see it top the group. The draw means that Germany finishes on seven points after its three games in Group A, two points ahead of Switzerland. Elsewhere, Hungary scored a dramatic 100th-minute winner against Scotland to get its first win of the tournament and boost its qualification hopes. Germany piled on the pressure as the second half went continued, with Kai Havertz hitting the bar. The second half followed much the same pattern until the injury suffered by Varga halted the game.

Persons: Dan Ndoye, Remo Freuler, Niclas Füllkrug, Barnábas Varga, Angus Gunn, Varga, Damien Meyer, Dominik Szoboszlai, Robert Andrich, Jamal Musiala, Daniele Orsato, Ndoye, Jonathan Tah, Angelos Tzortzinis, Murat Yakin’s, Julian Nagelsmann, Yann Sommer, Kai Havertz, Willi Orbán’s, Kevin Csoboth, Lee Smith Organizations: CNN, Switzerland, C, B, Scotland, Getty, Stuttgart, Hungarian, Germany, Frankfurt, Hungary Locations: Germany, Frankfurt, Switzerland, England, Denmark, Slovenia, Serbia, Italy, Albania, Croatia, Hungary, Scotland, Stuttgart, AFP

A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market. The Stoxx 600 index was up 0.68% in early deals, with all sectors and major bourses trading in the green. Travel and leisure stocks led gains, up 1.84%, while banks were also 1.28% higher. The index fell more than 6.2% last week.

Organizations: Frankfurt Stock Exchange, CAC Locations: Africa

☆ ECB: Interest rates are coming down in Europe
▼ + stars: | 2024-06-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The European Central Bank cut interest rates Thursday, moving before the US Federal Reserve and the Bank of England to lower borrowing costs as inflation recedes following years of rate hikes. Central banks in Switzerland and Sweden have also cut interest rates this year. Analysts doubt the central bank will cut rates again at its next meeting in July. It added that it would keep interest rates “sufficiently restrictive for as long as necessary” to return inflation to the 2% target. Higher interest rates tend to attract more international capital flows into a country, lifting demand for its currency.

Persons: Christine Lagarde, Cyrus de la Rubia Organizations: London CNN, European Central Bank, US Federal Reserve, Bank of England, ECB, Bank of Canada, P Global, Hamburg Commercial Bank, Fed, Traders Locations: Ukraine, United States, United Kingdom, Switzerland, Sweden, Hamburg, Frankfurt, Europe

A man shelters from the rain under an umbrella as he walks past the Euro currency sign in front of the former European Central Bank (ECB) building in Frankfurt am Main, western Germany. Euro zone government bond yields extended gains Thursday afternoon, shortly after the European Central Bank announced its first interest rate cut in five years. Germany's 10-year bond yield, seen as the euro area benchmark, was up 6 basis points to 2.557% at 3:12 p.m. London time. The country's 2-year bond yield was higher by 4 basis points to 3.025%. Italy's 10-year bond yield was up 7 basis points to 3.88%, while the yield of the Spanish bond of the same maturity added 6 basis points to 3.29%.

Organizations: European Central Bank, ECB, Bank Syz Locations: Frankfurt, Germany, London

☆ European Central Bank heads for first rate cut since 2019: Live updates
▼ + stars: | 2024-06-06 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, April 11, 2024. The European Central Bank is widely expected to announce a reduction in interest rates at its meeting in Frankfurt on Thursday, despite lingering inflationary pressures in the 20-nation euro zone. The central bank's key rate has been at a record 4% since September 2023. A cut would be the ECB's first since September 2019, when the deposit facility was in negative territory. Canada on Wednesday became the first G7 nation to cut interest rates in the current cycle, while Sweden and Switzerland's central banks already announced their own rate reductions this year.

Persons: Christine Lagarde, Lagarde Organizations: European Central Bank, ECB, Reuters, U.S . Federal Reserve, Wednesday Locations: Frankfurt, Germany, Canada, Sweden

☆ European stocks set for higher open as markets anticipate first ECB rate cut since 2019
▼ + stars: | 2024-06-06 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

A sculpture of the Euro currency stands in the city centre of Frankfurt am Main, western Germany, on January 25, 2024. European stocks are expected to open higher on Thursday, with traders anticipating that the European Central Bank will cut borrowing costs for the euro area for the first time since September 2019. The U.K.'s FTSE index is seen opening 27 points higher at 8,270, Germany's DAX 75 points higher at 18,642, France's CAC 40 up 28 points at 8,032 and Italy's FTSE MIB 139 points higher at 34,711, according to data from IG.

Persons: Germany's DAX Organizations: European Central Bank, CAC, IG Locations: Frankfurt, Germany

☆ How the super rich ship their cars
▼ + stars: | 2024-06-05 | by ( Simon Usborne | ) edition.cnn.com time to read: +6 min

Hallworth's business, Dan Car Logistics, ships more than 100 flash cars a year. If anything, he says, the flow of wheels has reversed; he’s often transporting cars from London to Dubai for people travelling or doing business there. December was the busiest month, and the biggest destinations for cars leaving the UAE were Frankfurt, Zurich and Chicago. Some of Hallworth's clients have been put off storing cars in cities like London. “We always want the owner’s ID, the registration documents of the cars and to get a feel of the customer,” he says.

Persons: Naran, ”, Daniel Hallworth “, he’s, “, ” Dan Hallworth, Daniel Hallworth Hallworth, Hallworth, ” Mercedes, Chiron, Daniel Hallworth, “ I’ve, “ It’s, I’m Organizations: CNN, Porsche Carrera GT, Private Jets, Porsche, London Volkswagen, Dan Car Logistics, Cape Town, Samsung TV, Nissan, Bugatti, London . Newspapers, Police, Etihad Cargo, UAE, Daniel Hallworth Etihad Locations: Zimbabwe, Dubai, London, Los Angeles and New York, Emirates, hatchbacks, Cape, Manchester, England, East, Harrods, Los Angeles, Marbella, Spain, Qatari, Heathrow, Abu Dhabi, Frankfurt, Zurich, Chicago

☆ European Central Bank set to cut rates for the first time since 2019
▼ + stars: | 2024-06-05 | by ( Annette Weisbach | ) www.cnbc.com time to read: +1 min

President of the European Central Bank (ECB) Christine Lagarde arrives to address a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on April 11, 2024. FRANKFURT — The European Central Bank this week is set to cut borrowing costs for the euro area for the first time since September 2019. It will mark the official end to the record fast-hiking cycle that begun after the Covid-19 pandemic as inflation soared higher. But investors' attention looks like it has already moved on to what will happen after this June cut by the Frankfurt institution. "Judging by the commentary from officials, there is no questioning of the wisdom of cutting rates on 6 June," said Mark Wall, ECB watcher with Deutsche Bank.

Persons: Christine Lagarde, Mark Wall Organizations: European Central Bank, ECB, Deutsche Bank, ECB — Locations: Frankfurt, Germany, FRANKFURT

☆ The West is tapping Russian money to arm Ukraine. Much more could follow
▼ + stars: | 2024-05-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —Money generated by Russian financial assets frozen in Europe will soon start flowing to Ukraine, giving Kyiv a boost as it struggles to counter an advance by Moscow’s troops. The plan “would essentially bring forward that flow of interest proceeds from the assets… (through a loan) given to Ukraine,” Yellen told broadcaster Sky News in an interview this week. “Ukraine has substantial needs, and being able to marshal significant resources to help Ukraine is important,” she said. Most of the frozen Russian money is held in Europe, and the euro is the world’s second-most important currency after the US dollar. This would give Kyiv access to a much larger amount of money than using future or current windfall profits from Russian assets.

Persons: Janet Yellen, ” Yellen, Gabriel Bouys, Joe Biden, ” Lee Buccheit, Trade Valdis Dombrovskis, Yellen, there’s, —, Buchheit, Putin, ” Organizations: London CNN, Union, Sky News, “, US, Getty, University of Edinburgh Law School, CNN, EU, Trade, Reuters, Russia, Ukraine, World Bank Locations: Europe, Ukraine, West, Italy, Russia, Ukraine’s, Kharkiv, Frankfurt, Germany, “ Ukraine, Stresa, AFP, EU, Belgium, Kyiv

☆ Heinrich XIII Prince Reuss: German prince accused of leading coup plot goes on trial
▼ + stars: | 2024-05-21 | by ( Inke Kappeler | Sana Noor Haq | ) edition.cnn.com time to read: +2 min

Heinrich XIII Prince Reuss, 72, is accused of leading the plot, which would have led to him becoming Germany’s head of state. Birgit Malsack-Winkemann, a former judge, attends the Frankfurt trial on Tuesday. The former lawmaker allegedly led co-defendants around the Reichstag parliament to scout the site for a coup plot. In addition to the five judges, two others will be on standby for the Frankfurt trial in the event of a long-term absence. Malsack-Winkemann, an ex-lawmaker for the far-right Alternative for Germany (AfD) party, allegedly led several co-defendants around the Reichstag building scouting the location.

Persons: Heinrich XIII Prince Reuss, Birgit Malsack, Frank, Walter Steinmeier, Kai Pfaffenbach, Maximilian Eder, Ruediger von Pescatore Organizations: CNN, Bundestag, Reuters, Frankfurt, Public Locations: Frankfurt, German, Stuttgart, Munich, Germany, Hesse

☆ Yellen says U.S., Europe must respond jointly to China's industrial overcapacity
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: +2 min

FRANKFURT - U.S. Treasury Secretary Janet Yellen said on Tuesday that the United States and Europe needed to respond to China's industrial policies in a "strategic and united way" to keep manufacturers viable on both sides of the Atlantic. In remarks on the importance of the U.S.-European alliance in Frankfurt, Yellen said China's excess industrial capacity threatened both American and European firms as well as the industrial development of emerging market countries. "China's industrial policy may seem remote as we sit here in this room, but if we do not respond strategically and in a united way, the viability of businesses in both our countries and around the world could be at risk," she said. Yellen also called for Europe and the U.S. to stand together against Russian aggression and Iranian "support for terrorism", including agreeing on a way to unlock the value of some $300 billion worth of frozen Russian sovereign assets to aid Ukraine. "That's why I believe it's vital and urgent that we collectively find a way forward to unlock the value of Russian sovereign assets immobilized in our jurisdictions for the benefit of Ukraine," Yellen said.

Persons: Janet Yellen, Yellen, Biden Organizations: U.S . Treasury, Frankfurt School of Finance, Management, European Union, Finance Locations: FRANKFURT, U.S, United States, Europe, Frankfurt, Ukraine, Stresa, Italy

☆ Trump’s new trade war would cost middle-class families at least $1,700 a year, report warns
▼ + stars: | 2024-05-21 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

New York CNN —Former President Donald Trump’s trade agenda amounts to a tripling-down of the trade war he waged during his first term in office. That’s nearly five times the total cost as a share of GDP from the 2018-2019 US-China trade war. Trump’s tariff proposals would cost the typical middle-income household at least $1,700 a year, the researchers found. Those aren’t comparable numbers,” Clausing said, referring to the amount of imports targeted by Biden and by Trump tariffs. Likewise, the US International Trade Commission found in a 2023 study that US importers “bore nearly the full cost” of tariffs.

Persons: Donald Trump’s, Trump, That’s, Kimberly Clausing, Mary Lovely, Clausing, aren’t, ”, Joe Biden, “, Biden, ” Biden hasn’t, Janet Yellen, ” Yellen, ” Clausing, Karoline Leavitt, ’, Bidenomics, ” Leavitt, Leavitt, Moody’s, Mark Zandi, ” Goldman Sachs, ” ‘, ” Chris Krueger Organizations: New, New York CNN, Trump, Peterson Institute for International Economics, Peterson Institute, UCLA School of Law, CNN, ” Biden, Biden, Treasury Department, US International Trade Commission, “, Cowen’s Washington Research Group Locations: New York, China, Frankfurt, Germany, Europe, United States, U.S, Washington

☆ Opinion: We Germans are making Trump ‘thunderstorm’ plans
▼ + stars: | 2024-05-21 | by ( Opinion Anna Sauerbrey | ) edition.cnn.com time to read: +12 min

That’s scary.” If Trump is elected, Jörg is convinced, he would withdraw American troops from Europe and stop aid to Ukraine. Jim Bourg/AFP/Getty ImagesSix months ahead of the vote, this soccer field conversation reflects the German view of the US elections quite well. Kirill Kudryavtsev/AFP/Getty ImagesIt’s an optimistic view, based on the assumption that Trump will act rationally, as a deal-maker, if elected. What if Trump tries to take America out of NATO or creates a “dormant NATO,” a NATO existent only in name? Another Trump presidency would not only put Germany’s security at risk, but also manifest this view of the US for another four years.

Persons: Thomas Ernst Editor’s, Anna Sauerbrey, Read, ’, ”, Jörg, Miguel, Donald Trump, “, “ Trump, Trump, “ I’m, Piero, Joe Biden, Jim Bourg, Europe’s, Russia “, Olaf Scholz, Michael Kappeler, ” Scholz, mums, Annalena Baerbock, Greg Abbott, Biden, Kirill Kudryavtsev, George H, Bush’s, Barack Obama, Obama, Heinz M, Schahina Gambir, Gambir, Roe, Wade, Bob Parent Organizations: Zeit, Berlin CNN —, Köpenicker FC, CNN, Biden, Trump, Getty, NATO, Republican, European Union, European Central Bank, EU, ”, Dallas Mavericks, Mavericks, LA Clippers, NBA, Green, Bundestag Locations: Berlin, America, Taiwan, Europe, Ukraine, Italy, AFP, Gaza, Germany, Russia, United States, Trump, Texas, China, Poland, France, Frankfurt, Kabul, New York City, New York

☆ England’s Euro 2024 squad: Adam Wharton and Eberechi Eze included, Marcus Rashford misses out
▼ + stars: | 2024-05-21 | by ( Omar Garrick | ) www.nytimes.com time to read: +7 min

Gareth Southgate has named his 33-man provisional England squad for this summer’s European Championship in Germany. Manchester United forward Marcus Rashford has been left out of Southgate’s squad. Rashford and Henderson won’t be part of the England squad this summer (Gaspafotos/MB Media/Getty Images)“Hendo has given himself every chance,” Southgate said. I have talked with him and the medical team are liaising with Manchester United very closely. Midfielders: Trent Alexander-Arnold (Liverpool), Conor Gallagher (Chelsea), Curtis Jones (Liverpool), Kobbie Mainoo (Manchester United), Adam Wharton (Crystal Palace) Declan Rice (Arsenal).

Persons: Gareth Southgate, Marcus Rashford, Southgate, Marcus, ” Rashford, “ Gareth, Jordan Henderson, Henderson, Henderson won’t, Hendo, ” Southgate, hasn’t, Rashford, Mainoo, J ames, juri, Oliver Glasne, siti, ned 82 sen, It w, sid, ter City), Kier, ber, Jack G, Gordon (Newca, o ney, Brent, atkin Organizations: England, Manchester United, ”, Ajax, UE, nsa, Aston Locations: Germany, England, Jordan, Brazil, Bowen, ayer, Munich, Bosnia, Serbia

☆ In Germany, Far-Right Plotters of an Improbable Coup Go on Trial
▼ + stars: | 2024-05-21 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

Prince Heinrich XIII of Reuss, the obscure aristocrat who wanted to become German chancellor, and eight men and women who planned to bring him into power by violently overthrowing the government, went on trial on Tuesday in Frankfurt. Nearly a year and a half after a spectacular nationwide raid involving 3,000 police officers at 150 locations that the authorities say foiled a bizarre, far-right plan to seize power, the prince and the plotters will start facing justice. It is expected to be one of the most complex court cases since West Germany tried Auschwitz concentration camp commanders in the 1960s. Members of the group, who called themselves the “United Patriots,” believed the government was run by pedophilic, illegitimate politicians who had access to a network of underground military bases. The plotters believed in the existence of a secret alliance, prosecutors say, consisting of sympathetic foreign intelligence services, including ones belonging to the United States and Russia, would help the group overthrow the deep state once a signal was given.

Persons: Prince Heinrich XIII of Reuss, —, ”, pedophilic Organizations: “ United Patriots Locations: Frankfurt, West Germany, United States, Russia

☆ U.S. Seeks to Join Forces With Europe to Combat Excess Chinese Goods
▼ + stars: | 2024-05-21 | by ( Alan Rappeport | Liz Alderman | ) www.nytimes.com time to read: +1 min

Treasury Secretary Janet L. Yellen said on Tuesday that the United States and Europe needed to work together to push back against China’s excess industrial capacity, warning that a wave of cheap Chinese exports represents a grave threat to the global economy. Ms. Yellen’s remarks, delivered during a speech in Germany, highlighted what is expected to be a central topic of discussion when the Group of 7 finance ministers meet in Italy this week. “China’s industrial policy may seem remote as we sit here in this room, but if we do not respond strategically and in a united way, the viability of businesses in both our countries and around the world could be at risk,” Ms. Yellen said at the Frankfurt School of Finance and Management, where she received an honorary doctoral degree. China’s excessive production of green energy technology has become a pressing trans-Atlantic concern in recent months. Officials in President Biden’s administration have grown increasingly worried that his efforts to finance domestic manufacturing of clean energy and other next-generation technologies will be undercut by China, which is churning out steel, electric cars and solar panels at a rapid clip.

Persons: Janet L, Yellen, Yellen’s, Ms, Biden’s Organizations: Frankfurt School of Finance, Management Locations: United States, Europe, Germany, Italy, China

☆ The US secretly sent communist-friendly Coca-Cola to a Soviet general in a bid to maintain good ties across the Iron Curtain
▼ + stars: | 2024-05-17 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +5 min

Read previewAs World War II ended and the Iron Curtain fell over Eastern Europe, relations deteriorated between the Soviet Union and its Western allies. Zhukov had developed an intense liking for Coca-Cola, a drink now illegal in the Soviet Union. PH/Sherman Montrose ACMECoca-Cola's steadfast support for the Allied war effort helped make it both distinctly American and recognizable worldwide. CORBIS/Corbis via Getty ImagesAt Zhukov's request, the new beverage wasn't put in the usual Coke bottles but instead in unmarked, straight-edged bottles. Its rival Pepsi eventually gained a virtual monopoly in the Soviet Union, which the Soviets maintained — once trading several warships for $3 billion worth of Pepsi — until 1985.

Persons: —, Georgy Zhukov, Zhukov, Truman, Robert Woodruff, Dwight Eisenhower, Richard Bong, Henry, Hap, Arnold, Coke, Eisenhower, Getty Images Zhukov, Mark W, Clark, Harry Truman, James Farley, It's Organizations: Service, Soviet Union, Business, Sherman, Sherman Montrose ACME, US, US Army, Army Air Forces, Allied, Keystone, Getty Images, Cola Export Corporation, Getty, Cola, Pepsi Locations: Eastern Europe, Soviet, Soviet Union, Cassino, Italy, Sherman Montrose, North Africa, Coke, Montgomery, Frankfurt, Germany, France, American, Austria, Dehradun, India, Vienna, East

☆ Is meme trading back? These 4 stocks could benefit from a retail investor boom
▼ + stars: | 2024-05-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Whether retail investors profit from their bets on GameStop and AMC Entertainment or not, one group of companies looks set to cash in from the frenzied trading: stock exchanges. So-called meme stocks, which gained popularity through social media platforms like Reddit and Twitter (or X), have attracted retail investors looking to make a quick profit. Through this new innovative offer, we will offer retail investors a true one-stop-shop experience for equity trading," he said in May 2023. "The rise of retail options trading is another secular trend we're excited to build on with more platforms coming online for index options trading later this year, giving retail investors expanded access to our products," Howson said on an earnings call to analysts this month. ICE, which owns the New York Stock Exchange and several other exchanges, offers trading in stocks, bonds, commodities, currencies and derivatives.

Persons: Eric Leupold, Deutsche Boerse, Benjamin Goy, Stéphane Boujna, FactSet, David Howson, Howson, Oppenheimer, Hannah Gooch, Peters, Marco Iachini , Organizations: GameStop, AMC Entertainment, Twitter, Deutsche Borse AG Deutsche Börse, Frankfurt Stock Exchange, Corona, Deutsche Börse, DB1, Deutsche Bank, Global Equity, Cboe, Wall Street, Intercontinental Exchange, Sanlam Investments, ICE, New York Stock Exchange, Vanda Locations: Germany, U.S, Switzerland, Italy, Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, Paris, France, Portugal, Europe

☆ Commerzbank reports better-than-expected 29% rise in Q1 net profit
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: 1 min

Germany's Commerzbank said on Wednesday that net profit rose 29% in the first quarter, its strongest quarterly profit in a decade, and it raised its outlook for net interest income for the full year. Net profit of 747 million euros ($808.25 million) in the quarter compares with a profit of 580 million euros a year earlier. Analysts had on average expected profit of 652 million euros, according to an April consensus forecast published by Commerzbank. Net interest income rose 9.2% in the first quarter to 2.126 billion euros, better than expectations for 2.096 billion euros. The bank raised its full-year forecast for net interest income to 8.1 billion euros from 7.9 billion euros previously.

Persons: Germany's Commerzbank, Commerzbank Locations: Frankfurt

☆ 70 passengers on an 11-hour flight from a tropical island paradise suffer vomiting and nausea in midair
▼ + stars: | 2024-05-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A Condor flight from Mauritius to Frankfurt was met by emergency services because of mass illness. Seventy of the 290 passengers reported symptoms such as vomiting and nausea, Bild reported. AdvertisementA flight to Germany had to be met by emergency services after dozens of passengers started vomiting. The German outlet Bild reported that 70 of the 290 passengers on board reported symptoms including vomiting and nausea. During the flight, 197 passengers fell ill, and 144 of them were taken to the hospital.

Persons: Condor, — Organizations: Service, Condor Airbus, Business, Condor, Japan Air Lines Locations: Mauritius, Frankfurt, Germany, Japan

☆ 70 passengers on an 11-hour flight from a tropical island paradise were hit by vomiting and nausea in midair
▼ + stars: | 2024-05-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A Condor Airlines flight from Mauritius to Frankfurt was met by emergency services due to mass illness. 70 of the 290 passengers reported symptoms like vomiting and nausea, Bild reported. AdvertisementA flight to Germany had to be met by emergency services after dozens of passengers started vomiting, the German outlet Bild reported. The Condor Airlines A330 was flying from Mauritius to Frankfurt last Thursday — a journey that takes more than 11 hours. Bild reported that 70 of the 290 passengers on board reported symptoms like vomiting and nausea.

Persons: — Organizations: Condor Airlines, Service, The Condor Airlines, Business, Condor, Japan Air Lines Locations: Mauritius, Frankfurt, Germany, Japan

☆ Bayer Leverkusen: German club equals 59-year-old record as unbeaten season continues
▼ + stars: | 2024-05-06 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —German team Bayer Leverkusen extended its miraculous unbeaten run to 48 games on Sunday after thrashing Eintracht Frankfurt 5-1 in the Bundesliga. The win means that Leverkusen has now equaled the record for the longest unbeaten run across all top-level matches since the introduction of European competition, according to UEFA. Leverkusen will have the chance to break the record on Thursday when it plays Roma in the second leg of its Europa League semifinal. The all-time mark of 62 games unbeaten was set by Scottish club Celtic from 1915-1917, however, those matches were all in the domestic league. The next game is important for us, the second leg of the Europa League semifinal: a chance to reach the final.

Persons: Granit Xhaka, Patrik Schick, Exequiel Palacios, Jeremie Frimpong, Victor Okoh Boniface –, Roma, ”, Xabi Alonso, Kirill Kudryavtsev, Alonso, ” Alonso, “ Organizations: CNN, Bayer Leverkusen, Eintracht Frankfurt, Bundesliga, Leverkusen, Frankfurt’s Deutsche Bank, UEFA, Benfica, Europa League, Celtic, Bayern, Spain, VfL Bochum, FC Kaiserslautern, Roma, “ Locations: Scottish, AFP, Augsburg

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