(Reuters) – German wholesale prices rose by 1.6% in February compared with the same month last year, according to data released by the federal statistics office on Friday. The office offers more detailed economic data on its website. (Reporting by Bernadette Hogg, editing by Thomas Seythal)
FRANKFURT (Reuters) – A full-scale global trade war would hurt the United States in particular and could re-energise Europe’s push towards unity, European Central Bank President Christine Lagarde said on Friday. The U.S. has imposed a raft of tariffs on friends and foes alike and threatened even more measures, prompting retaliation from most and raising …
Trump’s trade war is ‘wake-up call’ for Europe, Lagarde says Read More »
A look at the day ahead in European and global markets from Rae Wee. Global stocks caught some much-needed relief on Friday after a week of heavy battering, momentarily putting aside worries over trade wars when top U.S. Senate Democrat Chuck Schumer signalled his party would provide the votes to avert a government shutdown. Traders …
Morning Bid: Markets come up for air but tariff threats lurk Read More »
By Rachael Levy and Byron Kaye SYDNEY (Reuters) – Tesla chair Robyn Denholm has moved out of her role as operating partner at Australia’s biggest venture capital fund, Blackbird VC, people familiar with the situation said, while she remains a board member and adviser to the firm. Sydney-based Denholm, who was appointed by the government …
Tesla chair exits operating partner role at Australia’s biggest VC firm Read More »
By Naomi Rovnick, Iain Withers and Simon Jessop LONDON (Reuters) -European asset managers are reconsidering their policies on investing in defence, under pressure from clients and some politicians to loosen restrictions and help fund the continent’s race to re-arm. Under European Union rules, a number of funds badged as sustainable need to ensure their investments …
Europe’s top money managers start to bring defence stocks in from the cold Read More »
SHANGHAI (Reuters) – The three-month tin price on the London Metals Exchange(LME) rose 3.3% to $37,100 per metric ton as of 0241 GMT on Friday, the highest since June 8, 2022, following Alphamin Resources’ decision to halt operations at its tin mine in the Democratic Republic of Congo due to the advance of rebels towards …
LME tin price rises to $37,100 per metric ton, highest since mid-2022 Read More »
LONDON (Reuters) – Britain said on Friday it would increase the overall amount it lends other countries to buy from British defence firms, in an effort to boost exports of missiles and aircraft and bolster its defence industry. The government will increase its credit agency UK Export Finance’s (UKEF) direct lending capacity for defence by …
Britain to boost lending for defence exports by 2 billion pounds Read More »
By David Lawder, Philip Blenkinsop and Andy Sullivan WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. Stocks fell on the news, as …
Trump threatens tariffs on European wine and spirits in escalating trade war Read More »
By Elisa Anzolin and Savyata Mishra MILAN (Reuters) -Donatella Versace is to step down as the main designer for the Versace brand after almost three decades, a move that has fanned talk of a sale of the business to rival Italian fashion house Prada. Donatella, who was the chief creative officer at Versace, has been …
Donatella Versace steps down as design chief as Prada circles Read More »
(Reuters) -British officials held private talks with their U.S. counterparts to resolve concerns that UK is trying to force Apple to build a backdoor into Americans’ encrypted data, Bloomberg News reported on Thursday, citing people familiar with the matter. The report about private discussions comes after Apple removed its most-advanced security encryption for cloud data, …
UK, US hold private talks to resolve Apple encryption order, Bloomberg News reports Read More »
