By Tom Sims and Alexander Hübner FRANKFURT (Reuters) – The value of the real estate holdings of Allianz, one of Europe’s biggest investors, shrank in 2024 for a second consecutive year, figures on Friday showed, underscoring troubles in the property sector. The German insurer’s property portfolio dropped 7.7% last year to 53.9 billion euros, coming …
Allianz’s property portfolio shrinks again in 2024 Read More »
By Jesús Aguado MADRID (Reuters) – Spanish bank BBVA’s hostile takeover bid for smaller rival Sabadell, announced 10 months ago, faces its latest test as soon as March when the competition regulator may announce the results of its review. BBVA’s surprise move on Sabadell last year was hailed by some industry executives as the beginning …
MADRID (Reuters) – Santander’s executive chair Ana Botin was paid 13.77 million euros ($14.32 million) in 2024, 13% higher than her remuneration in 2023, the lender said in its annual report on Friday. The rise in Botin’s compensation comes after the euro zone’s biggest lender in terms of market value reported a record 12.57 billion …
Santander’s Botin gets 13% pay rise to take home 13.8 million euros in 2024 Read More »
By Javi West Larrañaga (Reuters) -Spain’s Amadeus said on Friday it saw further revenue growth this year, after the travel booking software provider posted record annual turnover in 2024. Amadeus is set to benefit from further growth in the air travel industry, after global airlines body IATA forecast that a record 5.2 billion passengers would …
Spain’s Amadeus forecasts continued sales growth for 2025 Read More »
By Gleb Stolyarov (Reuters) – STG Engineering, a Russian company that operates Syria’s Tartous commercial port, said on Friday that it was continuing to work as usual and that its contract had not been annulled as some media in the Middle East had suggested. Three Syrian businessmen and media reports suggested in January that Syria’s …
Russian operator of Syria’s Tartous port dismisses reports it has lost its contract Read More »
ROME (Reuters) – Any increase in national defence spending should also be aimed at boosting economic growth, Italian Economy Minister Giancarlo Giorgetti said on Friday, as European states grapple with U.S. pressure to shoulder the costs of their own security. Highly indebted Italy is projecting defence spending of 1.61% of gross domestic product (GDP) in …
Italy says defence spending hikes should also aim to boost growth Read More »
By Fatos Bytyci PRISTINA (Reuters) – Kenan Gashi saws the limbs off old mannequins in his shop in Kosovo and throws them into machines donated by the U.S. government that shred and clean the plastic so it can be sold for reuse. Gashi’s recycling business in Fushe Kosova was transformed when it received the equipment …
Kosovo businesses under threat from Trump’s USAID freeze Read More »
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) – The Russian central bank is seen keeping the key interest rate on hold at 21% at its meeting on March 21 while the rouble is seen retreating after the rally at the start of the year, a Reuters poll of 11 economists showed on Friday. The …
By Rachel More BERLIN (Reuters) – German inflation remained flat in February for the second month in a row at 2.8%, preliminary data from the federal statistics office showed on Friday, despite forecasts suggesting a slight slowdown in price pressures in Europe’s largest economy. Analysts polled by Reuters had forecast a February reading of 2.7%, …
German price growth unchanged, sounding ‘stagflation’ warning Read More »
(Reuters) – Polestar has secured additional loan funding of up to $450 million, it said on Friday, and would delay its fourth-quarter results to April as the Swedish electric vehicle maker burns through cash in its bid to bolster the business, amid falling demand. U.S.-listed shares of the company fell 2.7% in premarket trading. Backed …
EV maker Polestar gets $450 million loan, delays quarterly results Read More »
