OSLO (Reuters) -Norwegian natural gas flows to Europe are expected to be higher during the summer of 2025 compared to the two previous years due to a less extensive maintenance programme, gas system operator Gassco said on Tuesday. The maintenance season at Norwegian oil and gas fields, and at onshore processing plants, officially begins on …
Norway to send more gas to Europe in summer of 2025, Gassco says Read More »
(Reuters) – Roger Federer-backed On Holding said on Tuesday its co-CEO Marc Maurer has decided to depart after 12 years with the Switzerland-based sportswear company. On said it will transition to a single-CEO structure, with current co-CEO and Chief Financial Officer Martin Hoffmann taking the helm effective July 1, 2025. Hoffmann would continue as CFO …
(Reuters) – Bank of England interest rate setter Megan Greene said on Tuesday that she was concerned by increases in the public’s expectations for future inflation, but added that they remained anchored. Surveys published by the BoE and Citi/YouGov show inflation expectations have risen in recent months. While the public are poor at predicting inflation, …
(Reuters) -Denmark’s Bavarian Nordic said on Monday the U.S. Food and Drug Administration has approved a freeze-dried formulation of its mpox and smallpox vaccine. The company said the newly approved formulation of its vaccine, Jynneos, provides advantages in terms of transportation, storage conditions and shelf life, which are important factors for long-term stockpiling. The vaccine’s …
US FDA approves freeze-dried version of Bavarian Nordic’s mpox, smallpox vaccine Read More »
LONDON (Reuters) – The chair of Britain’s Office for Budget Responsibility, Richard Hughes, said on Tuesday that he had asked to serve a second five-year term heading the body that produces independent growth and borrowing forecasts for the government. “I’ve written to the chancellor, to the effect that I’d be interested to serve a second …
Head of UK budget watchdog says he wants to serve second term Read More »
STOCKHOLM (Reuters) – Sweden’s central bank has decided on a new strategic allocation of the gold and foreign exchange reserves, which includes a few new eurozone countries being introduced into the foreign exchange reserves, it said on Tuesday. “In addition, the current currency hedging will be maintained,” it said in a statement. “In this way, …
Sweden’s Riksbank tweaks strategic allocation of gold, forex reserves Read More »
By Stefano Rebaudo (Reuters) – Sterling edged up against the dollar on Tuesday as investors hoped a deal between Britain and the U.S. would prevent significant negative economic impact from the U.S. tariffs President Donald Trump is scheduled to announce on April 2. British Prime Minister Keir Starmer said that talks with the U.S. on …
Sterling inches higher as Starmer says US trade talks ‘well advanced’ Read More »
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) – Poste is open to discussions with Iliad over any potential tie-up between the French telecoms firm and Telecom Italia (TIM), three sources familiar with the matter said, in a move to consolidate Italy’s telecoms sector. Financial conglomerate Poste is set to become TIM’s single largest investor …
Poste open to exploring Telecom Italia tie-up with Iliad, sources say Read More »
ROME (Reuters) – Italy’s unemployment rate fell to 5.9% in February from 6.2% the month before, hitting its lowest level since April 2007 in a boost for Prime Minister Giorgia Meloni, data showed on Tuesday. National statistics bureau ISTAT reported that a net 47,000 jobs were created during the month. A Reuters survey of 11 …
Italy February jobless rate falls to 5.9%, lowest since 2007 Read More »
By James Davey LONDON (Reuters) -British grocery price inflation edged higher in March, industry data showed on Tuesday, putting more pressure on consumers’ budgets at a time when they are facing several other cost increases. Market researcher Kantar said annual grocery price inflation was 3.5% in the four weeks to March 23, versus 3.3% in …
