Author: Euronews

JPMorgan reports a 6% rise in 1Q profits as bank earnings season begins. Wells Fargo profit falls. ADVERTISEMENTThe largest US bank JPMorgan kicked off earnings season with a modest 6% annual rise in first-quarter profits on Friday, however, CEO Jamie Dimon warned that inflation and geopolitical risks may impact the bank’s operations in the future. Most metrics of JPMorgan’s business were solid for the year’s first three months. The lender earned a profit of $13.42 billion (€12.62 billion), or $4.44 a share. JPMorgan’s results were impacted by a $725 million one-time charge to the Federal Deposit Insurance Corporation.While investment banking revenues were largely flat,…

European Union countries willing to recognise the State of Palestine should move in tandem in order to “trigger significant progress” in building peace in the war-torn region, European Council President Charles Michel has said. Source link

As the ECB hints at potential interest rate cuts, contrasting with expectations of delayed US Fed easing due to high inflation, the euro faces downward pressure, hitting a six-month low below 1.07 against the dollar. Source link

The Belgian federal prosecutor has opened an investigation into EU lawmakers accused of receiving payments for spreading pro-Russian propaganda. Source link

February’s expansion in national output raises hopes that the UK is moving out of a recession. Source link

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. Usually with no leg to stand on, the objective of these claims is to disrupt and clog the system and cause chaos, Pieter Cleppe writes. ADVERTISEMENTLong gone are the days when politics was confined to parliaments. Apart from the growingly politicised and polarised media, the courtroom is increasingly becoming a political venue, with third-party litigation funding being particularly concerning.Both in Europe and the US, there has been increased scrutiny of third-party litigation funding. This is a phenomenon where claimants…

The European stock markets will likely end the week in the red for the second straight week due to surging bond yields, despite the European Central Bank’s hint for a June rate cut. Source link

A summit next week could look at alternatives to bank finance in a bid to boost Europe’s fortunes – but previous attempts haven’t met with much success. Source link

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews. Fixing the deficit issue doesn’t have to be an all-or-nothing game; French citizens and policymakers should recognise that reform is more complicated than punishing the rich or vilifying the poor, Sean Bray writes. ADVERTISEMENTRecent figures reveal that President Emmanuel Macron’s deficit reduction plan is behind target, meaning France must find additional revenue or face further fiscal uncertainty. Trapped in a stalemate between raising taxes or cutting spending, France instead should consider the revenue potential of principled tax policy…

The Polish government has introduced strict limits on the amount of homework pupils must do in a bid to modernise the education system. But some parents and teachers aren’t convinced by the changes. Source link