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The Latest Breaking News from Western Europe

Gucci in Focus as China Lockdowns Weigh on Kering Q1 Sales

Disruptions from COVID-19 lockdowns in China cast a cloud on forecast-beating first-quarter sales from Gucci owner Kering on Thursday, even as the group pointed to sustained demand from the United States and Western Europe for its high-end fashion and leather goods labels. Group sales for the three months ending in…

Asharq Al-Awsat

China’s surge proves the folly of trying to achieve ‘zero-COVID-19′

From the outset, mystery has shrouded the COVID-19 pandemic in China. The origin of the virus remains unknown, important Chinese journalists and key scientists have been muted, and case and death totals reported by China’s government have been unbelievably low — the United States and most of Western Europe have…

Chicago Tribune

Biden Ending Europe Trip with Unity Message that Echoes Past

Twenty-five years ago, Joe Biden visited Warsaw, Poland, with a warning: Even though the Soviet Union had collapsed, some of NATO’s original members weren’t doing enough to ensure the alliance’s collective defense. “Now it is time for the people of Western Europe to invest in the security of their continent…

Asharq Al-Awsat

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China-Europe Rail Lines, The Latest Supply-Chain Issue: Bloomberg

Million-plus containers set to ride railway linking Western Europe to Eastern China via Russia now have to find new routes by sea, adding to costs and threatening to worsen the global supply chain chaos,

Benzinga

Spanish ties provide safe havens for Ukrainian refugees

Ukrainian refugees fleeing bombs and bullets at home are fanning out across Western Europe

The Independent UK

BofA Cuts Price Target On This Social Media Giant By 12%

BofA analyst Justin Post lowered Meta Platforms Inc's (NASDAQ:FB) price target to $290, down from $330, but reiterated a Buy. The price target implies an upside of 54%. Post noted that Russia's invasion of Ukraine would have a "modest impact" on advertising sales of the Facebook parent. Also Read: Deutsche Bank Still Finds Big Tech…

Benzinga

BMO Capital Downgrades This Automotive Supplier - Read Why

BMO Capital analyst Peter Sklar downgraded Magna International Inc (NYSE:MGA) to Market Perform from Outperform with a price target of $63, down from $89, implying an 11% upside. The analyst stated that he had previously seen a possibility of a timely resolution of the Ukraine/Russia conflict, but recent developments instead point to a protracted…

Benzinga

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Hungarians protest Ukraine invasion, Russian bank in Budapest

Several hundred Hungarians rallied in central Budapest on Tuesday to protest against the Russian invasion of Ukraine, which has sent tens of thousands of refugees across the border, with most of them fleeing towards Western Europe.

Reuters

UK Cleans Up after Storm Leaves at Least 9 Dead in Europe

Crews cleared fallen trees and worked to restore power to about 400,000 people in Britain as Western Europe cleaned up Saturday after one of the most damaging storms for years. At least nine people were killed, many by falling trees, in Ireland, Britain, Belgium and the Netherlands.

Asharq Al-Awsat

UK cleans up after storm leaves at least 9 dead in Europe

Crews are clearing fallen trees and working to restore power to about 400,000 people in Britain as Western Europe cleans up from one of the most damaging storms for years

The Independent UK

Scotland must stop locking up more people per capita than any country in Western Europe

In terms of rehabilitation, prison is a failure in comparison to Community Payback Orders.

Daily Record

US considering moving troops from Western Europe to Eastern Europe - NATO diplomat

The United States is considering transferring some troops stationed in Western Europe to Eastern Europe in the coming weeks, a NATO diplomat told Reuters, amid escalating tensions between Ukraine and Russia.

Reuters

Migrants at Hungary Border Become Part of Election Campaign

A group of migrants huddles beside a small, smoky fire inside an abandoned building in northern Serbia, the last moments of warmth before they set out into the driving snow toward the razor wire, cameras and sensors of Hungary's electrified border fence. A few hours later, they return, their efforts…

Asharq Al-Awsat

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