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China sanctions Pelosi over trip to Taiwan, says visit was an ‘egregious provocation’

China announced sanctions on Nancy Pelosi after her trip to Taiwan. Pool | Getty Images News | Getty Images China…

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SocGen posts second-quarter loss after taking 3.3 billion euro hit on Russia exit

French bank Societe Generale’s headquarters in Paris. Chesnot | Getty Images News | Getty Images Societe Generale on Wednesday reported…

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Draghi’s political downfall: How power imploded in Italy and what happens next

The government of Mario Draghi came to an end earlier than what many analysts expected. Anadolu Agency | Anadolu Agency…

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3 charts show Europe’s unprecedented natural gas crisis

Europe is facing an unprecedented gas crisis. Picture Alliance | Picture Alliance | Getty Images Europe is facing an unprecedented…

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Euro zone economy grows 0.7% in the second quarter despite gas crisis and inflation surge

Growth in the euro zone economy accelerated in the second quarter of the year, but the region’s prospects could be…

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European Central Bank surprises markets with larger-than-expected rate hike, its first in 11 years

The European Central Bank is increasing interest rates for the first time in 11 years. But in Italy, political turmoil…

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Italian PM Mario Draghi to resign after failing to revive his coalition government

Italy’s Prime Minister Mario Draghi Mondadori Portfolio | Mondadori Portfolio | Getty Images Italy’s Prime Minister Mario Draghi is expected…

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EU to ask countries to reduce energy usage as Putin tightens grip on gas supplies

The European Commission is putting forward new measures so member states are better prepared for the winter, when their energy…

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Italy could be headed for a troubling snap election. And bond markets are on high alert

Italian Prime Minister Mario Draghi Antonio Masiello | Getty Images News | Getty Images Italy’s Mario Draghi on Wednesday is…

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Russia nears gas shutdown in Europe as Germany rejects claims it can’t fulfil contracts

Russia’s energy giant Gazprom has said it cannot fulfil its gas contracts with Europe. Bloomberg | Bloomberg | Getty Images…

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