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LONDON (Reuters) – German Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on Friday on a massive increase in state borrowing just days ahead of a parliamentary vote next week, Reuters reported, citing a source close to the negotiations. German shares rose on the news, with the blue chip Dax index over 2% higher …

Instant View: German stocks, euro rally as German parties agree on historic debt deal Read More »

By Tassilo Hummel PARIS (Reuters) – A German court has decided to launch a criminal trial against two former executives of German engineering giant Siemens who are accused of violating sanctions by helping export Siemens gas turbines to Russian-occuppied Crimea, the court said on Friday. Prosecutors in the German city of Hamburg last year charged …

Exclusive-Two ex-Siemens execs to be tried in Germany over Russia sanctions violations Read More »

By Amir Orusov and Andrey Sychev (Reuters) -Daimler Truck, one of the world’s largest truckmakers, launched a billion-dollar cost-cutting programme in Europe on Friday after a poor performance in the region weighed on earnings. The efficiency programme aims to cut costs in Europe by one billion euros ($1.08 billion) by 2030 at the latest, the …

Daimler Truck to cut costs in Europe by $1.1 billion after earnings slump Read More »

By Maria Martinez BERLIN (Reuters) – Germany’s planned 500-billion-euro infrastructure fund could raise economic output by an average of more than two percentage points per year over the next 10 years, Germany’s DIW economic institute said on Friday. German chancellor-in-waiting Friedrich Merz was set to make a last-ditch attempt on Friday to convince the Greens …

Germany’s fiscal expansion would boost GDP from 2026, DIW says Read More »

MOSCOW (Reuters) -Russian consumer electronics retailer M.Video-Eldorado said on Friday it would spend an extra $350 million on store openings, expanding into new cities and growing online sales in the first half of 2025 as it implements its three-year strategy. Sanctioned state-owned defence sector lender Promsvyazbank is in talks to buy M.Video, the Kommersant and …

Russia’s M.Video to spend $350 million on store openings, development Read More »

By Andy Bruce and David Milliken LONDON (Reuters) -Britain’s economy unexpectedly contracted in January, extending a run of stop-start data that has dogged finance minister Rachel Reeves’ attempts to ignite growth, before an update to parliament on the economic outlook. Gross domestic product fell by 0.1% in January, pulled down by a sharp drop in …

UK economy sputters in January, underlining Reeves’ growth challenge Read More »

MADRID (Reuters) -Spanish power utility Naturgy said on Friday it had set the maximum value of a share buyback announced last month at 2.33 billion euros ($2.53 billion) after its four main shareholders pledged to back the plan. The company plans to resell the bought-back shares on the market to increase its free float and …

Naturgy gets shareholder support for 2.3 billion euro buyback plan Read More »

By Markus Wacket BERLIN (Reuters) -German rail operator Deutsche Bahn posted a net loss of almost 1.8 billion euros ($1.95 billion) last year following the sale of its profitable logistics unit Schenker, according to excerpts of company results seen by Reuters on Friday. The state-owned company was however able to improve its net result by …

German state railway stuck in red with 1.8 billion euro net loss in 2024, figures show Read More »