NICOSIA (Reuters) – Cyprus has a “nimble and dynamic economy” that should grow about 2.5% this year, the International Monetary Fund said on Friday, while it added that the island should resist any temptation to loosen fiscal policy. The east Mediterranean island required a bailout from the IMF in 2013 after fiscal slippage and heavy …
‘Nimble, dynamic’ Cyprus economy may grow 2.5% this year, IMF says Read More »
By Yoruk Bahceli LONDON (Reuters) -European Union countries should be able to spend only about 500 billion euros ($540 billion) on defence in coming years, Fitch Ratings said on Friday, less than the bloc’s plans to create the scope for up to 800 billion euros in spending. The bloc is considering a dramatic rise in …
EU should manage to spend 500 billion euros on defence in next 5 years, says Fitch Read More »
BERLIN (Reuters) – A German government spokesperson said on Friday that “nothing is off the table” with regards to punitive measures in response to the threat of U.S. tariffs. Asked whether countermeasures could target U.S. tech companies, the spokesperson said “at the moment, nothing is off the table, but instead everything is being looked at.” …
Berlin on measures against U.S. tech giants: ‘Nothing is off the table’ Read More »
By Andy Bruce and William Schomberg LONDON (Reuters) -British shoppers unexpectedly loosened their purse-strings last month, official data showed on Friday, defying most forecasts from analysts who had predicted a fall in sales volumes against a backdrop of weak overall growth in the economy. Sales volumes increased by a monthly 1.0%, driven by non-food sales, …
UK consumers unexpectedly spend more at shops in February Read More »
By Andrea Mandala MILAN (Reuters) -Italian financial group Unipol aims to generate 1 billion euros ($1.1 billion) in capital over the next three years to boost its finances and have money for investments. Unveiling its “Stronger/Faster/Better” plan for 2025-2027, Italy’s second biggest insurer said on Friday it would target a total net profit of 3.8 …
Italy’s Unipol aims to generate 1 billion euros of capital in new plan Read More »
ZURICH (Reuters) – Clients of Swiss bank PostFinance living in Cuba have in recent weeks received notifications that their accounts will be closed, Swiss public broadcaster SRF said on Friday, citing U.S. sanctions pressure on the Caribbean island. SRF, which published what it said was a copy of a letter sent in March to one …
Swiss bank closes accounts of Cuba account holders – report Read More »
By Amanda Cooper GDANSK (Reuters) -The pound briefly rose on Friday after data showed UK retail sales were surprisingly strong in February, offering some optimism about the resilience of the consumer, while the broader economy barely grew in the fourth quarter. British retail sales unexpectedly rose in February, growing 1.0% from January, figures from the …
ZURICH (Reuters) – Holcim is targeting average annual growth in earnings before interest and taxes of 6% to 10% by 2030, driven in part by mergers and acquisitions, the Swiss cement maker said on Friday. Under a strategy programme dubbed NextGen Growth 2030, the company said it aims to be the “leading partner for sustainable …
Holcim to target M&A deals to fuel growth following Amrize spin-off Read More »
(Reuters) -Parcel locker company InPost on Friday flagged that earnings in 2025 would be higher than expected after fourth-quarter results beat forecasts, helped by higher volumes and an improving performance abroad. The company operates one of the biggest networks in Europe of pick-up, drop-off points and automated lockers, dubbed automated parcel machines, or APMs, that …
Parcel locker company InPost sees higher earnings in 2025 Read More »
(Reuters) -LVMH has appointed Jean-Christophe Babin as CEO of its watches division, choosing a veteran watches and jewellery executive from within the group to take over from Frederic Arnault, company said on Friday. The move follows other top management changes at LVMH as the five children of the company’s chairman and CEO Bernard Arnault move …
LVMH picks Bulgari CEO Jean-Christophe Babin to head watches business Read More »
