PARIS (Reuters) – The Trump administration is unsettling the multilateral economic system, harming the U.S. economy in the process and to a lesser extent Europe as well, the head of France’s central bank said on Wednesday. “Through his decisions and reversals, Mr. Trump destabilizes the multilateral system,” Francois Villeroy de Galhau told lawmakers on the …
Trump’s policies harm U.S. economy, French central banker says Read More »
LONDON (Reuters) – London-listed miner Glencore has declared force majeure on copper shipments from its Chilean Altonorte smelter, where production has been suspended, two industry sources said. Companies declare force majeure when unexpected circumstances prevent them from meeting contractual obligations. The sources did not know how long operations at Altonorte, which has capacity to produce …
Glencore declares force majeure on copper shipments from Altonorte smelter in Chile Read More »
By Raechel Thankam Job and Pushkala Aripaka (Reuters) -British betting and gaming firm Evoke on Wednesday said its revenue growth rate would be slower in the first quarter than it had forecast for the full year, sending its shares tumbling even as it beat profit expectations for last year. Evoke forecast low single-digit percentage growth …
UK betting firm Evoke says first-quarter revenue growth lagging full-year target Read More »
By Ursula Knapp KARLSRUHE, Germany (Reuters) -Germany’s Constitutional Court on Wednesday upheld an additional tax shouldered by certain taxpayers and many companies, first introduced in the 1990s to smooth out the differences between East and West following reunification. The “solidarity surcharge” remains in place today – albeit in a narrower form – angering economically liberal …
German court upholds reunification-era tax on high earners, companies Read More »
GDANSK (Reuters) – Shares of CD Projekt fell nearly 13% in early trading on Wednesday after the game developer said the premiere of “Witcher IV” was scheduled for after 2026, fuelling fears of an even longer wait for the new instalment in the blockbuster series. Analysts had previously said they expected the game to debut …
CD Projekt shares slump after it says ‘Witcher IV’ won’t come out in 2026 Read More »
By Guy Faulconbridge MOSCOW (Reuters) -Russia said on Tuesday the United States had agreed to help it lift a series of Western sanctions and restrictions on food, fertiliser and shipping companies as preconditions for a maritime security deal in the Black Sea. Diplomats told Reuters that most of the curbs listed by the Kremlin related …
Explainer-Russia gets US to agree to help lift curbs on food, fertiliser and shipping Read More »
BERLIN (Reuters) – A German international trade lobby on Wednesday warned against calls to boycott U.S. products amid tensions between European governments and President Donald Trump’s administration, saying they could stoke a cycle of reprisals. Germany’s BGA, representing Germany’s import and export traders, told Reuters that boycott calls would be a “false response” to political …
German cross-border trade lobby warns against boycotting U.S. products Read More »
PARIS (Reuters) – French IT group Atos has won a five-year contract worth 150 million pounds ($193.5 million) with Britain’s Department for Environment, Food and Rural Affairs, the company said on Wednesday. The contract covers DEFRA’s service desk, with the aim of transitioning the department’s 34,000 users into a single service, Atos said in a …
French IT group Atos wins 150 million pound contract with UK government Read More »
(Reuters) – Spain’s economy outperformed other major euro zone countries in 2024, data from the National Statistics Institute (INE) showed on Wednesday, confirming a contrast with euro zone peers. Spain’s gross domestic product grew 3.2% in 2024, a much faster rate than France and Italy’s close-to-1% expansion and Germany’s economic contraction of 0.2%. Spanish growth …
Spain’s 2024 economic growth outperformed euro zone, final data shows Read More »
BERLIN (Reuters) – Bosch will begin producing electrolyser components for hydrogen production, expecting its hydrogen business to generate billions of euros in revenue by 2030, the company said on Wednesday. Germany wants to expand reliance on hydrogen as a future energy source to cut greenhouse gas emissions for highly polluting industrial sectors that cannot be …
Bosch to start electrolyser parts production, eyes billions in hydrogen revenue Read More »
