Categories
European Economy and Markets

Gold hits high as Iran shock triggers haven support [Video]

The price of gold hit a record high Monday as the shock death of Iranian President Ebrahim Raisi in a helicopter crash boosted support for the precious metal seen as a haven investment. Copper also struck an all-time peak and silver jumped to the highest level in more than 11 years — with markets generally

Categories
Southern Europe News

Meet The Greek Shipping Billionaires Getting Rich Off Russian Oil [Video]

Sanctions after the invasion of Ukraine sent tanker values soaring, boosting the fortunes of these Greek maritime moguls to record highs and minting at least seven new 10-figure fortunes.Forbes estimates there are now at least 12 shipping billionaires in Greece, more than at any other time in history. Seven of them are making their debut in Forbes’ billionaire ranks. They are worth a collective $32 billion—the equivalent of roughly 12% of the country’s gross domestic product.These tycoons are the latest in a line of swashbuckling pioneers hailing back to iconic figures like Aristotle Onassis and Stavros Niarchos, who launched the global oil tanker trade after World War II and became famous for their glamorous marriages and lifestyles. This newer group has been in shipping for decades but kept a lower profile. (Despite their success, none would speak to Forbes, while their representatives either declined to comment or did not respond.)Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/05/13/meet-the-greek-shipping-billionaires-getting-rich-off-russian-oil/?sh=6323b9ce74f10:00 Introduction0:24 Greece’s Presence In The Shipping Industry2:46 How Has Greece Made So Much Revenue With Shipping6:59 How Onassis and Niarchos Reached 10 Figure Status12:44 Tax Sanctions And Where It Applies In Greece15:20 How Long Will Greece’s Shipping Boom LastSubscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescriptStay ConnectedForbes newsletters: https://newsletters.editorial.forbes.comForbes on Facebook: http://fb.com/forbesForbes Video on Twitter: http://www.twitter.com/forbesForbes Video on Instagram: http://instagram.com/forbesMore From Forbes: http://forbes.comForbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Categories
European Economy and Markets

China Govt Eyes Home Purchases, Stocks Jump Ahead of US CPI | Daybreak: Europe 05/15/2024 [Video]

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.Today’s guests: Sebastian Bazin, Accor CEO; Claire-Marie Coste-Lepoutre, Allianz CFO; Susanne Wiegand, RENK CEO; Ferdinand Vaadrager, CFO of ABN AMRO.——–More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on:X: https://twitter.com/BloombergTVFacebook: https://www.facebook.com/BloombergTelevisionInstagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on:X: https://twitter.com/businessFacebook: https://www.facebook.com/bloombergbusinessInstagram: https://www.instagram.com/bloombergbusiness/TikTok: https://www.tiktok.com/@bloombergbusiness?lang=enReddit: https://www.reddit.com/r/bloomberg/LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg:Bloomberg Radio: https://twitter.com/BloombergRadioBloomberg Surveillance: https://twitter.com/bsurveillanceBloomberg Politics: https://twitter.com/bpoliticsBloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube:Bloomberg Technology: https://www.youtube.com/@BloombergTechnologyBloomberg Originals: https://www.youtube.com/@businessBloomberg Quicktake: https://www.youtube.com/@BloombergQuicktakeBloomberg Espanol: https://www.youtube.com/@bloomberg_espanolBloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

Categories
France News

Goldman’s Solomon on France, Markets and Growth Strategy [Video]

Goldman Sachs Chair and CEO David Solomon discusses France becoming more business friendly, the outlook for IPO and M&A activity, and his concerns about US debt and deficits. Speaking with Jonathan Ferro at the “Choose France” summit in Versailles, France, Solomon also comments on Goldman Sachs’ growth prospects and strategy.For more on this story, please see: https://www.bloomberg.com/news/articles/2024-05-13/goldman-s-solomon-sees-france-making-more-pro-business-strides?utm_medium=youtube&utm_source=btv——–More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on:X: https://twitter.com/BloombergTVFacebook: https://www.facebook.com/BloombergTelevisionInstagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on:X: https://twitter.com/businessFacebook: https://www.facebook.com/bloombergbusinessInstagram: https://www.instagram.com/bloombergbusiness/TikTok: https://www.tiktok.com/@bloombergbusiness?lang=enReddit: https://www.reddit.com/r/bloomberg/LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg:Bloomberg Radio: https://twitter.com/BloombergRadioBloomberg Surveillance: https://twitter.com/bsurveillanceBloomberg Politics: https://twitter.com/bpoliticsBloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube:Bloomberg Technology: https://www.youtube.com/@BloombergTechnologyBloomberg Originals: https://www.youtube.com/@businessBloomberg Quicktake: https://www.youtube.com/@BloombergQuicktakeBloomberg Espanol: https://www.youtube.com/@bloomberg_espanolBloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

Categories
European Economy and Markets

Gold Rush for Stockholm with Taylor Swift Eras tour [Video]

Stockholm on Friday welcomed Taylor Swift for the second leg of her European Eras Tour that has boosted the city’s economy but also brought Swiftflation and a struggle to get a hotel room. The weak Swedish currency, the krona, means tickets for Swift’s three Stockholm dates are more affordable than elsewhere for many foreigners. Fans

Categories
European Economy and Markets

BHP Bid Rejected Again, Macron Open to European Bank Merger | Bloomberg Markets Today 05/14 [Video]

French President Emmanuel Macron tells Bloomberg he’s open to seeing a major French bank acquired by an EU rival to boost financial integration. Anglo American tells BHP it needs to dig deeper, as it rejects a second takeover approach from its rival. US and European futures trade sideways as markets look ahead to data on America’s producer prices. Fed Chair Jay Powell speaks later. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.00:00:00 – Intro00:02:27- Anglo-American Says Steelmaking Coal to be Divested00:16:03 – Hon Hai 1Q Earnings Report00:17:06 – BlackRock’s Marilyn Watson on US Inflation,00:24:09 – Emmanuel Macron on Decarbonizing France, Making a Capital Market Union and Bank Consolidation in European Banks00:40:06 – Anglo American’s Major Shake Up, Company Exits Diamonds, Platinum & Coal00;48;10 – European Markets Open01:01:57 – Qatar Prime Minister Speaks and Qatar Economic Forum (QEF) on War in Gaza01:21:46 – Poland President Andrzej Dud Speaks at QEF on War in Ukraine01:25:19 – Vanguard’s Guilio Renzo Ricci Says No Rate Cuts in 2024——–More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on:X: https://twitter.com/BloombergTVFacebook: https://www.facebook.com/BloombergTelevisionInstagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on:X: https://twitter.com/businessFacebook: https://www.facebook.com/bloombergbusinessInstagram: https://www.instagram.com/bloombergbusiness/TikTok: https://www.tiktok.com/@bloombergbusiness?lang=enReddit: https://www.reddit.com/r/bloomberg/LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg:Bloomberg Radio: https://twitter.com/BloombergRadioBloomberg Surveillance: https://twitter.com/bsurveillanceBloomberg Politics: https://twitter.com/bpoliticsBloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube:Bloomberg Technology: https://www.youtube.com/@BloombergTechnologyBloomberg Originals: https://www.youtube.com/@businessBloomberg Quicktake: https://www.youtube.com/@BloombergQuicktakeBloomberg Espanol: https://www.youtube.com/@bloomberg_espanolBloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

Categories
European Economy and Markets

Stock market today: World shares retreat, though China stocks are lifted by new property measures | KLRT [Video]

World shares were mostly lower on Friday, though Chinese stocks reversed earlier losses following the announcement of fresh measures to revive the ailing property market. U.S. futures were little changed, with the contract for the Dow Jones Industrial Average near 40,000 after it topped that level for the first time on Thursday. In early European []