Europe

European Central Bank President Christine Lagarde stated that trade must be a two-way street and hopes that the U.S. and China can engage in a dialogue amid rising tensions.

FOX Business' Stuart Varney discussed the strength of the U.S. economy when compared to other G7 countries, arguing America's economic record is stronger than many think.

FOX Business' Stuart Varney discusses former President Trump's criticism of Biden's presidency as the country sees rising tensions among its adversaries.

Amid a banking crisis and the hawkish Fed strategy to raise interest rates and cool inflation, the U.S. dollar is predicted to weaken further in 2023.

Japan has been buying Russian oil below the Western-imposed price cap of $60 a barrel, though Russian-sourced imports remain relatively small.

Italy became the first country to ban ChatGPT over privacy and data sharing concerns, alleging the company violates the EU's General Data Protection Regulation.

The Pentagon awarded Raytheon a $1.2 billion contract to produce additional Patriot surface-to-air missile systems for the U.S. Army and Switzerland's military.

The European Union's presidents reportedly took a private jet to the Egypt COP27 climate talks last year. Officials and celebrities have been scrutinized for their private air travel.

Swiss bank UBS has decided to bring back former CEO Sergio Ermotti to guide the takeover of Credit Suisse. He will take over for current chief executive Ralph Hamers.

The European Union imported more oil from the U.S. than Russia in December 2022, marking the EU's shift away from Russian energy following its invasion of Ukraine.

The EU gave the green light on a new law that bans the sale of CO2-emitting vehicles by 2035 in an effort to cut emissions and clamp down on climate change.

A majority of American manufacturers want the U.S. to deepen economic ties with European countries through market-opening trade agreements, according to the NAM's outlook survey.

AT1 bonds are popular among European banks as a way to build up safety buffers. While AT1s pay high interest to bondholders, their mechanics can make them a risky investment.

The bank noted "large and volatile moves" in financial markets around the world but said its Financial Policy Committee judged that Britain's banking system remained resilient.

A last minute law change allowed Switzerland to write off $17 billion in bonds, while allowing equity holders to keep their money, an unprecedented change.