PARIS (Reuters) – U.S. Federal Reserve Chair Jerome Powell is an exemplary central banker, telling the unflattering truth about the U.S. economy and not bowing to political pressure, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday. U.S. President Donald Trump has launched a series of attacks on Powell, accusing him of …
Fed’s Powell is an exemplary central banker, ECB’s Villeroy says Read More »
BERLIN (Reuters) – More than a third of German companies plan to cut jobs in 2025, according to a survey by the German Economic Institute (IW) seen by Reuters on Friday. The research institute’s findings come as the number of unemployed people in Europe’s largest economy approaches the three million mark for the first time …
One in three German companies plan job cuts in 2025, IW survey finds Read More »
By Dominique Patton PARIS (Reuters) – L’Oreal reported a rise in first-quarter sales on Thursday, beating expectations for slower growth, as strong demand for its creams and perfume in Europe helped counter challenging conditions in the United States. The French group, which makes Maybelline mascara and Kiehl’s skincare, posted like-for-like sales up 3.5%, though they …
By Tassilo Hummel and Mimosa Spencer PARIS (Reuters) – European governments urgently need to ease tensions with the United States over President Donald Trump’s tariffs, LVMH CEO Bernard Arnault said on Thursday, adding it would be “Brussels’ fault” if no solution is found. “European countries should try to manage these negotiations, and not leave them …
LVMH’s Arnault lashes out at Brussels over US trade tensions Read More »
SAN FRANCISCO (Reuters) -A U.S. judge’s ruling that Google has illegal monopolies in ad technology sets up the possibility of U.S. prosecutors seeking a breakup. Here’s what the case involves and what Google owner Alphabet faces from here. WHAT IS THIS ABOUT? The most important thing is what this is not about: this is not …
Explainer-What does ruling on Google’s illegal ad tech monopoly mean? Read More »
(Reuters) – A U.S. judge has ruled that Google illegally monopolized digital advertising markets, paving the way for a break up of the internet empire that was started out of a Stanford University dormitory nearly 27 years ago. Google’s platform for advertisers, closely tied to the online search unit, is a core driver of its …
Google’s journey from dorm to internet dominance Read More »
(Reuters) – Citi Research raised its gold price target for the next three months to $3,500 per ounce from $3,200, led by fresh buying from Chinese insurers and safe-haven flows amid tariff risks and market weakness, it said in a note on Thursday. China’s recent move to let 10 insurers allocate up to 1% of …
Factbox-Citi raises three-month gold price target to $3,500 per ounce Read More »
WASHINGTON (Reuters) – President Donald Trump said on Thursday that the U.S. would sign a new minerals deal next Thursday, in an apparent reference to talks with Ukraine. (Reporting by Angelo Amante; Writing by Trevor Hunnicutt)
By Andrea Shalal WASHINGTON (Reuters) -Rising trade tensions and sweeping shifts in the global trading system will trigger downward revisions of the International Monetary Fund’s economic forecasts but no global recession is expected, IMF Managing Director Kristalina Georgieva said on Thursday. Georgieva said countries’ economies were being tested by a reboot of the global trading …
IMF sees global growth hurt by trade tensions but no recession Read More »
(Reuters) – Ukraine-focused miner Ferrexpo said on Thursday that Ukrainian tax authorities have decided to suspend the refund of value-added tax worth 456.6 million hryvnias ($11.03 million) for February to two of its Ukrainian units. This follows a similar suspension of its January VAT refunds in March when 512.9 million hryvnias were withheld. Ferrexpo previously …
Ferrexpo hit with fresh suspension of VAT refunds in Ukraine Read More »
