Italy is set to approve changes in how the government oversees the spending of billions of euros in European Union recovery funds, a move that risks triggering a clash between Prime Minister Giorgia Meloni’s administration and Brussels.
A closely-watched interest-rate metric has convinced Morgan Stanley strategists that the euro area can withstand further increases in borrowing costs, boosting their bullish view on the single currency.
The Pentagon is reviewing whether to end a policy that sped up more than $8 billion in payments, much of it to the nation’s top defense contractors, with the intent that the dollars would flow to subcontractors coping with disruptions from the Covid pandemic.
Large European energy companies are preparing for lingering high gas prices, curbing hopes for significant further declines after mild weather and strong inventories helped get Europe through the winter.
Nestle SA sold fewer of its products in the fourth quarter as price hikes turned consumers off branded items, a signal the world’s biggest food company is reaching the limits of its pricing power.
China questioned whether the US genuinely seeks to repair ties damaged by the dispute over a balloon just as the two nations’ top diplomats head to a security conference in Germany, where they may have an opportunity to meet on the sidelines.
Airbus SE projected higher deliveries for this year and will accelerate output of its largest models as long-haul travel rebounds, while scaling back production of its bestselling A320 family with supply-chain disruptions continuing to ripple through the industry.
(Bloomberg) — European Central Bank Executive Board member Fabio Panetta said raising borrowing costs in small increments would allow for more honed adjustment as previous tightening starts to put a brake on economic activity.
China’s new technology overseer has outlined a sweeping blueprint to counter escalating US sanctions and decoupling supply chains by developing homegrown expertise in areas such as electric vehicles.
The UK’s ailing National Health Service paid about £2 billion ($2.4 billion) to get private hospitals to help overwhelmed public ones early in the pandemic, but an investigation by the BMJ medical journal suggests little burden-sharing actually took place.
