Reuters UK Business

MOSCOW, Dec 17 (Reuters) – A Moscow court will hold a preliminary hearing on January 16 on the Russian central bank’s lawsuit against Belgian depository Euroclear, the court’s press service said on Wednesday. The central bank has filed a lawsuit in Moscow this week seeking $230 billion in damages from Euroclear, marking the first step …

Russian court will hear central bank’s lawsuit against Euroclear on January 16 Read More »

Dec 17 (Reuters) – Greece recorded a central government primary budget surplus of 12.65 billion euros ($14.8 billion) in the 11 months to the end of November, beating a targeted surplus of 7.70 billion euros, provisional data from the finance ministry showed on Wednesday. The primary surplus, which excludes debt-servicing costs, was driven by higher …

Greek primary budget surplus beats target in January-November period Read More »

ATHENS, Dec 17 (Reuters) – Greece’s parliament approved the country’s 2026 budget amid protests by farmers and public sector workers over delayed subsidies and a cost-of-living crisis. The budget includes forecasts that the economy will grow 2.4% next year from a projected 2.2% this year and generate a primary surplus, which excludes debt servicing costs, …

Greek parliament approves 2026 budget amid protests Read More »

LONDON, Dec 17 (Reuters) – The European Bank for Reconstruction and Development said all of its largest shareholders, including the United States, had either paid for its 4 billion euro ($4.7 billion) capital increase or pledged to do so. “Our largest shareholders have now either subscribed or have indicated their intention to subscribe and in …

EBRD secures bulk of shareholder capital increase after US signs off Read More »

By Florence Loeve PARIS, Dec 17 (Reuters) – France’s drone sector could fall further behind global competitors if the government does not increase funding for procurement, said an industry body, calling next year’s plans for investment in the sector insufficient. One of Europe’s biggest defence spenders, France is trying to promote its drone manufacturers and …

French drone makers call for more state spending as budget talks drag on Read More »

BERLIN, Dec 17 (Reuters) – Germany’s economy will next year experience its first domestically-driven recovery since reunification, breaking with decades of export-led growth, a forecast by the Macroeconomic Policy Institute IMK showed on Wednesday. The institute projected GDP growth of 1.2% in 2026, up from a meagre 0.1% this year. The recovery will be fuelled …

Domestic demand to drive German recovery in 2026, says IMK Read More »

By Nora Buli OSLO, Dec 17 (Reuters) – Norway’s energy regulator NVE on Wednesday proposed new rules governing the preparedness of grid companies to repair power lines in the event of acts of sabotage, reflecting warnings from security agencies of increased threat levels. Domestic security agencies have warned that Norway, which is a key supplier …

Norway’s power grid operators asked to sharpen sabotage preparedness Read More »