COPENHAGEN (Reuters) – Shipping company Maersk said on Thursday that the tariffs announced by U.S. President Donald Trump on Wednesday amount to bad news for the global economy and trade stability. Trump’s move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of …
Trump tariffs bad for global economy and trade, Maersk says Read More »
MOSCOW (Reuters) – Russia’s oil and gas revenue declined by 17% in March to 1.1 trillion roubles ($13 billion) from the same month a year ago, finance ministry data showed on Thursday. In the first quarter, the revenue fell by almost 10% to 2.64 trillion roubles, according to the ministry. Oil and gas revenue has …
Russia’s oil and gas revenue down 17% y/y in March Read More »
BERLIN (Reuters) – U.S. President Donald Trump will buckle under pressure from Germany and Europe in an escalating trade war, German Economy Minister Robert Habeck said on Thursday. “That is what I see, that Donald Trump buckles under pressure, corrects his announcements under pressure, but the logical consequence is that he must also feel the …
Trump will buckle under pressure from Europe, says German economy minister Read More »
LONDON (Reuters) – Britain’s dominant services sector reported a pickup in activity and new orders last month but worries about rising employment costs, U.S. tariffs and a weaker economic outlook weighed on the outlook, an industry survey showed on Thursday. The S&P Global UK Services Purchasing Managers’ Index (PMI) rose to its highest since August …
UK services sector gathers pace but tariffs, payroll tax-hike fears grow – PMI Read More »
LONDON (Reuters) -Britain’s Co-op Group said on Thursday that losses from shoplifting in its food retail business rose by over 14% to 80 million pounds ($105 million) in 2024, or more than half of its adjusted operating profit. The group, which trades from over 2,300 food stores across the UK, has been one of the …
Britain’s Co-op says retail crime cost it $105 million in 2024 Read More »
By Angeliki Koutantou KALAVRITA, Greece (Reuters) – A small cooperative of 1,200 stock breeders producing feta, Greece’s trademark white soft cheese, in the southern Peloponnese peninsula had one big target this year: a market foray in the United States. Back in 2019, the country managed to get feta exempted from U.S. tariffs imposed on European …
Greek feta producers fret over exports after US tariffs Read More »
FRANKFURT (Reuters) -U.S. President Donald Trump’s decision to impose a raft of tariffs on key trade partner endangers global financial stability, will weigh on growth and increase volatility in inflation, key ECB policymakers said on Thursday. Among the closes U.S. allies, the EU was targeted with a 20% tariff, Japan with 24%, South Korea with …
Trump tariffs endanger global economic stability, ECB officials say Read More »
By Philip Blenkinsop and Benoit Van Overstraeten BRUSSELS (Reuters) – European Commission President Ursula von der Leyen described U.S. President Donald Trump’s universal tariffs as a major blow to the world economy and said the European Union was prepared to respond with countermeasures if talks with Washington failed. Von der Leyen said the EU was …
EU plans countermeasures to new US tariffs, says EU chief Read More »
LONDON (Reuters) – The euro zone economy eked out modest growth for a third month in March as the bloc’s manufacturing industry showed signs of recovery and its dominant services industry expanded at a slightly faster pace than in February, a survey showed. But those recovery signs could have been due to frontloading by factories …
Euro zone economy saw only modest growth in March, PMI shows Read More »
BERLIN (Reuters) – Germany’s service sector maintained modest growth in March, extending its expansion streak to four months, though the pace slowed as new business continued to decline, S&P Global reported on Thursday. The final HCOB Purchasing Managers’ Index (PMI) for the services sector fell to 50.9 in March from 51.1 in February, staying slightly …
German services sector grows modestly in March, PMI shows Read More »
