By Raechel Thankam Job and Chandini Monnappa (Reuters) -The CEO of British building materials supplier SIG said on Wednesday that he expects to see continued market recovery in its key UK, German and France markets in the second half of 2025, sending shares up, after the firm posted a 53% fall in annual underlying profit. …
SIG sees recovery in second half of 2025 after 2024 profit slumps 53% Read More »
By Harry Robertson LONDON (Reuters) – Germany’s 10-year borrowing costs could surge to their highest levels in more than 16 years after politicians reached a historic deal on Tuesday to overhaul the country’s debt brake, Goldman Sachs has said. Friedrich Merz’s conservatives and the Social Democrats agreed to create a 500-billion euro infrastructure fund and …
German borrowing costs could surge to 2008 levels on debt brake shift, Goldman says Read More »
(Reuters) – Italy’s Saipem has signed a collaboration agreement with Divento, a consortium led by Plenitude, CDP and Copenhagen Infrastructure Partners, for floating offshore wind projects in Italy, the companies said on Wednesday. The aim of the deal is to apply Saipem’s STAR 1 technology to the 7 Seas Med project in Sicily, with an …
Saipem signs deal with Divento for STAR 1 use in floating offshore wind facilities Read More »
By Angelo Amante and Elvira Pollina ROME (Reuters) – Franco-British satellite operator Eutelsat, a rival to Starlink, is among companies that are in talks with the Italian government to provide systems for secure satellite communications, two sources close to the matter told Reuters. Italy is aiming to guarantee encrypted communications between the government, diplomats and …
Exclusive-Europe’s Eutelsat vies for secure Italian telecoms contract, sources say Read More »
By Paul Sandle and Muvija M LONDON (Reuters) -Britain dropped its probe into Microsoft’s partnership with ChatGPT maker OpenAI on Wednesday, saying the software giant did not have the level of control over the AI company that would warrant further investigation. The partnership, which started in 2019 with an initial $1 billion investment by Microsoft, …
UK drops antitrust probe into Microsoft and OpenAI tie-up Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission said on Wednesday it would stick to its 2035 target that all new cars and vans sold in the European Union would no longer emit carbon dioxide and would also abide by its intermediate target for 2030. The European Commission yielded to pressure from European automakers on …
EU says it sticks to zero-emission car path to 2035 Read More »
By Harry Robertson LONDON (Reuters) – The biggest three-day rally in the euro in over two years has sent analysts scrambling to rewrite their forecasts for the currency, as a surge in European spending and signs of a weakening U.S. economy dampens chatter about a fall to $1. Deutsche Bank has said it is now …
Analysis-Euro surge has traders burning parity bets as Europe ramps up spending Read More »
By Stefano Rebaudo (Reuters) – The closely-watched premium investors demand to hold Italy’s 10-year bonds over Germany’s fell below 100 basis points on Wednesday to its lowest since 2021 after German political parties backed a loosening of the country’s debt brake. Parties hoping to form Germany’s next government agreed to create a 500 billion euro …
Why Italy’s bond spread over Germany has dropped below 100 basis points Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – Germany’s bold step to rip up its fiscal rulebook could be a game-changer for Europe’s stuttering economy, reestablishing its biggest nation as the powerhouse of a lethargic bloc that has fallen behind global peers. Faced by the threat of losing its military guardian and biggest customer …
Analysis-Spending U-turn puts Germany back in Europe’s driving seat Read More »
By Christoph Steitz FRANKFURT (Reuters) -German defence companies seeking more capacity as Europe prepares to raise military spending are eyeing the ailing car industry, the first sign of a shift that could help revive the continent’s biggest economy after two years of contraction. Manufacturers of tanks, radar and weapons are aiming to ramp up production …
Tanks not cars: how a pivot to defence could help Germany’s economy Read More »
