Coolcation destinations include places like Loch Katrine in the Scottish Highlands. ABO PHOTOGRAPHY/ShutterstockRising numbers of visitors headed for destinations in northern Europe in the summer of 2026, seeking respite from the heat.
For years, summer holidays in Europe have followed a familiar pattern: head south in search of sunshine. But climate change is beginning to turn that logic on its head.
Long-standing factors contributing to job satisfaction, such as feeling appreciated, still matter more than the type of workplace format.
Figure is biggest yet for a car manufacturer and raises total hit to automotive industry to more than £1.5bn
The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC) Operations and Legal Sub-Committees. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.
Prime Minister Kyriakos Mitsotakis used the annual gathering of Greece’s industrialists to announce a 95‑million‑euro package to shield industry from rising electricity costs, in a move welcomed by the sector but dismissed by opposition critics as “charity”.
The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC), which is a forum for discussion of the wholesale foreign exchange market. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.
Proportionality is set to be improved for firms as over 100 regulatory thresholds could be automatically increased periodically.
This paper develops novel firm-level measures of shareholder geographical concentration and examines how elevated home bias in equity holdings affects investment resilience in the euro area. We combine security-level holdings data from the ECB’s Securities Holdings Statistics (SHS-S) with firm-level financial-statement data from Compustat, and document that equity ownership remains strongly concentrated domestically, with limited cross-border diversification within the monetary union.
We introduce two indicators to track the build-up of vulnerabilities in the euro area banking sector on a quarterly basis by leveraging the information collected in EU-wide solvency stress tests. First, we introduce an indicator of conditional capital depletion, the Stress Vulnerability Index (SVI), which quantifies potential losses under adverse scenarios when tail credit risk is highest. Second, we introduce an indicator of earnings vulnerability, the Profitability Vulnerability Index (PVI), which assesses the capacity of the banking sector to generate capital organically.
But banks will gain from AI as well as lose
