European Press Roundup: Barclays Bolsters Irish Unit With EUR2.6 Billion; Cypriot Justice Minister Resigns Over Serial-Killer...

In Europe today, markets are up slightly as European banks beat earnings expectations, while eurozone inflation rose higher than expected in April. The top business story: Adidas shares rise sharply on strong first-quarter results. Read about the above topics on Dow Jones Newswires or WSJ.com.

In Other Media...

Barclays injected up to EUR2.6 billion of capital into Barclays Bank Ireland over the course of 2018 and the first few months of this year as the unit prepared to become the British banking giant's European Union hub in advance of Brexit. -The Irish Times

Cyprus's justice minister, Ionas Nicolaou, has resigned over the scandal that has erupted around the police's failure to properly investigate reports of missing immigrants. Their disappearances have turned out to be murders and the work of a serial killer who has admitted to killing five women and two children. -Cyprus Mail

The Austrian subsidiary of fashion retailer Charles Voegele has filed for bankruptcy after its owner, GA Europe, failed to find a buyer for the company following a restructuring program, putting roughly 400 jobs at risk. Voegele, once one of Europe's largest clothing retailers, has struggled for years after a product-line change backfired and revenue collapsed. -Der Standard

Britain's 1 pence and 2 pence coins, and its GBP50 note, are no longer under threat of being scrapped. The rarely used denominations were in danger of being phased out, but UK Chancellor of the Exchequer Philip Hammond has retreated after facing a backlash against the proposal. -The Guardian

Nineteen Venezuelan organizations have signed a letter submitted to the Portuguese Embassy, calling for Portugal's government to unfreeze EUR1.54 billion in assets held by Novo Banco. Venezuela says the funds are being held illegally. -Observador

Starbucks Germany wants to open 12 more stores across the country this year and pursue "synergies" with other businesses run by its operator, the Polish holding company AmRest, such as the Sushi Shop chain. -Welt

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(END) Dow Jones Newswires

May 03, 2019 06:08 ET (10:08 GMT)

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