FRANKFURT (Reuters) – European lawmakers are voicing fresh doubt about the European Central Bank’s digital euro project after an outage in the ECB’s existing payment system caused delays for thousands of households and traders. The breakdown in the Target 2 (T2) payment system late last month meant banks could not settle transactions with each other …
EU lawmakers voice doubts about digital euro after ECB outage Read More »
ROME (Reuters) – Simone Bellotti is Jil Sander’s new creative director, the fashion brand and its Italian parent company OTB Group said on Monday. Bellotti, previously creative director at Bally, will start in his new position with immediate effect, the two companies said in a statement. The Italian designer also worked at A.F. Vandervost, Gianfranco …
OTB’s Jil Sander appoints Simone Bellotti as new creative director Read More »
(Reuters) – Traton does not see a significant impact from U.S. tariffs on imports from Mexico in the short term, Volkswagen’s truck unit said during a post-earnings call on Monday. This comes even as 65% of the 70,000 trucks supplied by the German group to the U.S. last year were assembled at its Mexico plant. …
VW’s Traton sees no significant impact from U.S. tariffs Read More »
BUDAPEST (Reuters) – Hungary is looking to expand its cooperation with Romania in the gas sector to diversify its energy sources and their relevant companies are already negotiating an agreement, Hungarian Foreign Minister Peter Szijjarto said on Monday. Szijjarto said that Hungary was keen to cooperate with Romania on energy issues as Romania was set …
Hungary looks to Romania to help diversify its energy sources Read More »
FRANKFURT (Reuters) – There are still plenty of upside risks to euro zone inflation, so the European Central Bank must remain open-minded on whether to press ahead with interest rate cuts or pause them, Slovak central bank Governor Peter Kazimir said on Monday. The ECB cut rates for the sixth time since June on Thursday …
ECB must remain open-minded on whether to keep cutting rates or pause, Kazimir says Read More »
FRANKFURT (Reuters) – Investor morale in the euro zone brightened substantially in March, with economic expectations hitting their highest reading since July 2021, a survey showed on Monday, as Germany’s plans for new debt contributed to the positive sentiment. The overall Sentix index for the currency union shot up to -2.9 in March from -12.7 …
Euro zone investor morale brightens substantially in March Read More »
COPENHAGEN (Reuters) -Norway’s core inflation rate rose well above what analysts and the central bank had expected in February, data showed on Monday, sowing doubts about the central bank’s plans to start cutting borrowing costs in March. Core inflation, which strips out changing energy prices and tax, stood at 3.4% year on year, according to …
Norway’s surging inflation sows doubts about March rate cut Read More »
(Reuters) – Thales Alenia Space (TAS) has received an order from Asia’s largest satellite operator SKY Perfect JSAT Corporation to build its JSAT-32 geostationary communications satellite, the joint venture between France’s Thales and Italy’s Leonardo said on Monday. The satellite is scheduled for launch in 2027 and will be designed to have an in-orbit lifetime …
Thales Alenia Space receives satellite order from Japan’s SKY Perfect JSAT Read More »
(Reuters) – J.P.Morgan joined Wall-Street peer Goldman Sachs to forecast a boost to the euro area’s economic growth for 2025 on the back of Germany’s fiscal loosening reforms. Similar to Goldman, JPM expects growth to increase by 0.1 percentage point to 0.8%. For 2026, JPM expects 1.2% growth, up by 0.3 percentage points. “This revision …
JPMorgan joins Goldman, hikes euro area’s 2025 economic growth forecast Read More »
A look at the day ahead in European and global markets from Kevin Buckland It was a nervy start to the week for markets, led by an uncharacteristically steep decline for Wall Street futures early in the Asian day. U.S. President Donald Trump seems to be at the centre of investor worries, sidestepping a question …
Morning Bid: Trump’s tariffs raise recession red flags Read More »
