City European Financial News

Deutsche Bank has promoted two long-standing dealmakers to co-head its capital markets business in Europe, as the German lender ups its dealmaking ambitions.

Dubrovnik in Croatia from November onwards. Known for its natural beauty, architecture and famed stone-paved and cobbled streets, visitors who choose to carry their bags will have to pay a hefty fine of $288 (Rs 23630). The residents of Dubrovnik have complained about noise pollution when tourists drag their suitcases around the city's, claiming that the act keeps them up at night. It was because of this that the Mayor Mato Frankovic has introduced new rules that will ban tourists from dragging wheeled suitcases around the winding roads in Dubrovnik's Old Town. This action is a part of the Dubrovnik Tourist Office's «Respect the City» initiative. According to The Dubrovnik Times, Dubrovnik has continued to be a very popular tourist destination, with 289,000 visitors and 763,500 overnight stays since the year's commencement. In addition to having streets made of stone, the city's Old Town is renowned for its old walls that surround it, its sunny climate, and for being the location of King's Landing in the hit television series Game of Thrones. The city of Dubrovnik draws hundreds of thousands of visitors annually, making Croatia one of the most gorgeous countries in all of Europe.

The Group of Seven advanced democracies want to keep the price cap on Russian crude at $60 a barrel, according to people familiar with the matter, thwarting hopes in some European capitals of tightening the Western sanctions this month.

European capital markets suffered their worst year for equity raisings since 1995 last year, as IPOs and follow-ons slumped.

If you're considering moving to a new city for the new year, Europe offers several attractive options.

Citigroup has cut up to 10 bankers in its European capital markets unit as part of a broader trimming of dealmakers that will see dozens of bankers depart.

Valereum did not reveal the price of the deal. (Representational)

Blockchain company Valereum said on Monday it has received regulatory approval to buy the Gibraltar Stock Exchange (GSX) and turn it into a gateway to European capital for fledgling companies from the Middle East, India and Africa.

More than 40 European leaders are expected to gather in Prague today for the inaugural meeting of the European Political Community (EPC) but much remains unclear over what this new organisation actually stands for and can achieve. 

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping are meeting in the ancient Silk Road city of Samarkand in Uzbekistan this week, an event that will be watched closely across Central Asia, in European capitals and Washington DC. 

Nicolas Mackel is the CEO of Luxembourg for Finance, the development body for the country’s financial centre.

Estonia, Latvia and Lithuania are to restrict entry to Russian citizens over the invasion of Ukraine.

Thousands of religious and right-wing opponents of plans to hold Europe's largest LGBT pride celebration in Belgrade marched through the Serbian capital on Sunday night.

Europe's largest Pride event, scheduled to be held in the Serbian capital in September, will be “cancelled or postponed,” the Balkan country’s President Aleksandar Vučić said on Saturday.

Energy bills in the UK will leap by 80% this winter, the country's energy regulator Ofgem announced today, as the Ukraine war continues to drive up prices.  

Home to 171 nationalities, the historic city of Leuven in Belgium has become one of Europe’s most climate-conscious destinations.

It’s not just longer passport queues being blamed on Brexit, as researchers say the UK’s EU exit, as well as Covid-19 lockdowns, has caused a dramatic drop in drug quality.

Brussels breathed a sigh of relief on Sunday evening as voters in France and Slovenia shunned nationalists to back pro-EU leaders.

Belgian police fired water cannon and volleys of tear gas on Sunday in an attempt to disperse demonstrators in Brussels who gathered to protest against the government's COVID-19 measures and virus vaccinations.

Keith Pilbeam, Professor of Economics, City, University of London.____