Finland, Sweden to begin NATO application in May, say local media reports
Finland and Sweden will together express their wish to join NATO in May, tabloid newspapers Iltalehti in Finland and Expressen in Sweden reported on Monday, citing sources close to the matter.
FTSE 100 tracks broader Europe higher after ECB holds rates
A rally in banks and consumer stocks saw London's FTSE 100 reverse session losses on Thursday, moving in line with other European peers as investors scaled back bets of interest rate hikes by the European Central Bank.
ECB on track to unwind stimulus after inflation warning
The European Central Bank confirmed plans on Thursday to end its hallmark stimulus scheme in the third quarter, worried that high inflation could become entrenched, even as the war in Ukraine left the outlook exceptionally uncertain.
Inflation in Russia hits highest in more than 20 years
Annual inflation in Russia accelerated to 17.49% as of April 8, its highest since February 2002 and up from 16.70% a week earlier, the economy ministry said on Wednesday, as the volatile rouble sent prices soaring amid unprecedented Western sanctions.
European stocks steady ahead of ECB meeting
European shares were little changed on Wednesday as investors digested glum inflation data and its impact on the upcoming earnings season ahead of a key European Central Bank meeting on Thursday, while commodity-linked sectors gained on supply worries.