Parallel Web Systems reaches $2 billion valuation five months after its previous funding round. The company's latest financial milestone follows a period of growth since its last major capital raise.

Major European banks are setting aside hundreds of millions of euros to shield against potential financial risks linked to the conflict in Iran. The move highlights growing economic concerns for the region as the situation develops.

Major European banks are allocating hundreds of millions of euros in reserves to mitigate potential financial impacts stemming from the ongoing conflict involving Iran.

The Bank of England has raised its CPI inflation forecasts for 2026 and 2027. The central bank now expects 2026 inflation to average between 3.3% and 4.5%, up from its previous 2.2% estimate.

The Bank of England has revised its Consumer Price Index (CPI) forecasts upward for 2026 and 2027, while lowering its projections for 2028.

The Bank of England holds the base interest rate at 3.75%. The decision maintains the current borrowing cost for the United Kingdom.

The Bank of England has decided to maintain its base interest rate at 3.75%.

Eli Lilly reports Q1 2026 adjusted EPS of $8.55 on $19.80 billion in revenue, beating analyst estimates. The pharmaceutical company also raised its full-year revenue guidance to a range of $82.0 billion to $85.0 billion.

Eli Lilly reported Q1 2026 adjusted earnings per share of $8.55 on $19.80 billion in revenue, exceeding analyst expectations. The company also raised its full-year revenue and earnings guidance.