FRANKFURT (Reuters) -The European Central Bank may cut interest rates below the neutral level that keeps the economy in balance, ECB policymaker Olli Rehn said on Monday, adding that that euro zone inflation may come in lower than expected as a result of U.S. tariffs. The ECB cut its benchmark rate to 2.25% earlier this …
By Amy-Jo Crowley, Hadeel Al Sayegh and Paul Sandle LONDON (Reuters) -Banijay, the French TV production group behind “Big Brother” and backed by the Arnault family, has held discussions about a possible offer for British broadcaster ITV’s studio business, two people familiar with the matter told Reuters. Banijay has also explored a full takeover of …
Banijay in early talks on ITV’s Studios as RedBird deal stalls, sources say Read More »
FRANKFURT (Reuters) -A trade war with the United States could extinguish the euro zone’s fledgling recovery and the bloc could struggle under tariffs, uncertainty and waning confidence, two European Central Bank policymakers warned on Monday. The euro zone economy is seen as having expanded by a modest 0.2% in the first quarter and policymakers have …
Euro zone economy facing dark future, ECB policymakers warn Read More »
By Federico Maccioni and Jana Choukeir DUBAI (Reuters) -Abu Dhabi’s Etihad Airways is not seeing any effects from the turmoil caused by U.S. President Donald Trump’s tariff policies, its CEO Antonoaldo Neves told Reuters on Monday, while adding it was too early to fully gauge the impact of the levies. Trump’s announcement of sweeping tariffs …
Etihad Airways shrugs off tariff turmoil, sees opportunities Read More »
By Sergio Goncalves LISBON (Reuters) -Portugal’s Galp Energia has resumed talks with potential partners as it seeks to develop a discovery in Namibia, the company said on Monday after reporting a 29% drop in adjusted first-quarter core profit. In February, Galp said it had found a significant presence of light oil and gas condensate in …
Portugal’s Galp seeks Namibia oil and gas partner Read More »
By Kate Abnett BRUSSELS (Reuters) -Germany should consider splitting its electricity market into up to five price zones to better reflect the different costs across the country, Europe’s association of power grid operators (ENTSO-E) said in a report on Monday. Germany is a single large power market zone, with a unified wholesale price. However, congestion …
Germany should consider splitting power market, EU network operators say Read More »
WARSAW (Reuters) -U.S. liquefied natural gas supplies to Europe will continue to rise, U.S. Energy Secretary Chris Wright told Reuters on Monday during a visit to the Polish capital Warsaw. The United States is the world’s largest exporter of LNG and has played a major role in supplying Europe since Russia’s full-scale invasion of Ukraine …
US LNG supplies to Europe will continue to rise, says US Energy Secretary Read More »
MOSCOW (Reuters) – Russia’s second largest bank, VTB, announced its first dividend payment since the start of the war in Ukraine on Monday. Shares in the bank rose 25%, according to Moscow Stock Exchange data, after VTB unexpectedly said its board had recommended paying out 50% of 2024’s profit to shareholders. CEO Andrei Kostin said …
Russia’s VTB board recommends first dividend since start of Ukraine war Read More »
MILAN (Reuters) -Italian digital services provider Engineering has appointed the former head of Vodafone’s operations in the country, Aldo Bisio, as chief executive after Maximo Ibarra stepped down following four years at the helm, it said on Monday. Engineering said Ibarra’s decision to leave the tech company, which bankers have indicated is a potential listing …
Italy’s Engineering names former head of Vodafone’s Italian unit as CEO Read More »
PARIS (Reuters) -Vivendi may challenge a court ruling requiring France’s market watchdog to look again at whether shareholders should have received a mandatory buyout offer when the group split last year, its secretary general said on Monday. The former media group spun off its Canal+, Louis Hachette and Havas businesses in December, listing them separately …
Vivendi may challenge court ruling on breakup, says secretary general Read More »
