German experts cut their tax revenue forecasts for 2024-28 by 1.5%
By Maria Martinez BERLIN (Reuters) -Germany’s council of tax experts cut their forecast for total tax revenue over the next fiv..
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Fears of German ‘de-industrialisation’ may be overblown – for now
By Maria Martinez BERLIN (Reuters) – High energy costs, weak global demand, a disruptive shift towards net-zero economies, and ..
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Siemens misses profit forecast as industrial business struggles
By John Revill ZURICH (Reuters) – Siemens reported a drop in second-quarter earnings at its industrial business, the German eng..
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Italy cuts Eni stake, raises 1.4 billion euros
By Giuseppe Fonte and Francesca Landini ROME (Reuters) -Italy’s Treasury sold a 2.8% stake in energy group Eni on Wednesday, po..
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Exclusive-Anglo American starts revamp with hiring freeze, document shows
By Scott Murdoch and Melanie Burton SYDNEY (Reuters) -Anglo American has suspended hiring globally according to an internal memo revi..
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Catering firm Compass lifts profit forecast after strong first half
(Reuters) – British catering firm Compass Group raised its 2024 profit forecast on Wednesday, after reporting first-half earnin..
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AI’s use in finance may need new rules, ECB says
FRANKFURT (Reuters) – The use of artificial intelligence in finance is still in its infancy but it needs to be monitored and po..
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Oil down on inflation, supply risks in Mideast, Canada lend floor
By Georgina McCartney HOUSTON (Reuters) -Oil prices fell on Tuesday, after fresh U.S. data indicated inflation remains sticky, while ..
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King Charles unveils his first portrait since coronation
(Changes media identifier to correspond with visuals) LONDON (Reuters) -Britain’s King Charles on Tuesday unveiled the first of..
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Factbox-How hosting Euro 2024 could impact the German economy
By Rene Wagner BERLIN (Reuters) – Germany will be hoping for sporting success as host of the 2024 Euros soccer championship k..
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Analysis-Recovering euro keeps dollar ‘gorilla’ from scuppering ECB rate outlook
By Amanda Cooper and Stefano Rebaudo LONDON/MILAN (Reuters) – The euro has resisted falling to parity with the dollar for now, ..
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Countries make late bid to salvage EU’s nature law
By Kate Abnett BRUSSELS (Reuters) – A group of 11 countries, led by Ireland, has made a last-ditch attempt to approve the EU..
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Mixed UK labour market signals leave BoE on rate cut alert
By Suban Abdulla LONDON (Reuters) – British wages grew by more than expected, according to data published on Tuesday, but other..
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World shares rest near record highs ahead of US inflation data
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) – World shares marked time on Tuesday, holding just shy of record hig..
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Curbs on costly home incentives cause split in Italy’s coalition
By Giuseppe Fonte and Angelo Amante ROME (Reuters) – Italy’s ruling coalition was divided on Tuesday over the approval of..
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Dollar slips after unexpected rise in US producer prices
By Herbert Lash and Joice Alves NEW YORK (Reuters) -The dollar edged lower on Tuesday following an unexpected increase in U.S. produc..
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Morning Bid: Markets eye US CPI and record high
A look at the day ahead in European and global markets from Tom Westbrook Stocks near record highs and Bill Hwang and Roaring Kitty i..
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Stocks grind towards record highs in inflation-heavy week
By Wayne Cole and Amanda Cooper SYDNEY/LONDON (Reuters) -Global stocks neared record highs on Monday, in a week where inflation figur..
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EU countries approve law to slash trucks’ CO2 emissions
By Kate Abnett BRUSSELS (Reuters) – European Union countries gave their final approval on Monday to a law to cut carbon dioxide..
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The case for forever high interest rates
By Yoruk Bahceli (Reuters) – If financial markets are right, interest rates won’t just stay high this year, but possibly ..
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London stocks muted ahead of more earnings, economic data
By Pranav Kashyap (Reuters) – London’s FTSE 100 was flat on Monday as gains in travel and leisure were offset by losses i..
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European shares listless as investors brace for inflation test
By Ankika Biswas (Reuters) -Europe’s STOXX 600 struggled for direction on Monday, as investors geared up for this week’s ..
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In the Market: Financiers fret over ‘leverage on leverage’ in private credit
By Paritosh Bansal (Reuters) -To some elite financiers who gathered in Los Angeles for the Milken Institute conference, a debt binge ..
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Japan’s SoftBank swings to quarterly profit, eyes on Arm unit
By Anton Bridge TOKYO (Reuters) -Technology investor SoftBank Group swung to a net profit in the final quarter of its financial year,..
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Germany says cybercrime by foreign actors rose by 28% in 2023
BERLIN (Reuters) – Cybercrime by foreign perpetrators surged in Germany in 2023, rising by 28% on the previous year, data relea..
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Amazon to invest $1.3 billion in France, create 3,000 jobs
By Supantha Mukherjee STOCKHOLM (Reuters) – Amazon said on Monday it would invest more than 1.2 billion euros ($1.3 billion) in..
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UK’s Rightmove cuts 2024 revenue per advertiser forecast on tough market conditions
(This May 10 story has been corrected to say ‘revenue per advertiser’ forecast, not ‘ad revenue’ forecast, in..
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Microsoft to invest 4 billion euros in France
PARIS (Reuters) – Technology and software giant Microsoft will invest 4 billion euros ($4.3 billion) in France as part of the a..
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Floods kill 37 in Indonesia’s West Sumatra, 17 missing
TANAH DATAR (Reuters) – Flash floods and mud slides in Indonesia’s West Sumatra province killed at least 37 people this w..
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Currency market calm as US inflation data holds focus this week
By Brigid Riley TOKYO (Reuters) – Major currencies were steady on Monday with the dollar consolidating against peers, as market..
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UK employers plan 4% pay rises in coming year, survey shows
By Suban Abdulla LONDON (Reuters) – British employers expect to raise wages by 4% over the coming 12 months, a similar rate to ..
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Novavax signs COVID-19 license deal with Sanofi, removes doubt about business viability
PARIS (Reuters) -Novavax on Friday erased doubts about its ability to remain in business and struck a licensing deal worth up to $1.2..
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Retailer Lidl UK raises staff pay for third time in 12 months
LONDON (Reuters) – The British arm of German supermarket group Lidl said it would lift wages by over 3% in June, giving thousan..
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Honda sees full-year profit rising 2.8%
TOKYO (Reuters) – Japan’s Honda Motor Co forecast a 2.8% rise in operating profit for this financial year, after it excee..
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Pandemic treaty talks to the wire, likely to miss first deadline, sources say
By Jennifer Rigby LONDON (Reuters) – Talks to draw up a global pact to help fight future pandemics are likely to miss an initia..
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Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports
(Reuters) -Mining giant Rio Tinto had considered an offer for British miner Anglo American, which is now BHP Group’s $39 billio..
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GeoPark to access $500 million from Vitol in return for oil deliveries
(Reuters) – GeoPark has struck a deal to sell a minimum of 20,000 barrels of oil per day to Dutch commodities trading firm Vito..
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