MADRID (Reuters) – BBVA has increased its target for lending to businesses the Spanish bank considers sustainable to 700 billion euros ($732.7 billion) over the next five years, it said on Monday. The lender, which last year established a new global finance unit focused on clean technologies and innovation, had set a previous target of …
BBVA raises sustainable finance target to 700 billion euros Read More »
By Maria Martinez BERLIN (Reuters) – Initial projections of the result of Germany’s election on Sunday set the stage for protracted coalition talks, meaning Europe’s largest economy could face months of policy uncertainty prolonging its current stagnation. The opposition conservatives won the election, putting leader Friedrich Merz on track to be the next chancellor. The …
Analysis-Tricky German coalition talks augur more economic pain Read More »
PARIS (Reuters) – French President Emmanuel Macron’s chief of staff Alexis Kohler is set to join Societe Generale as head of retail banking, newsletter L’Opinion reported. Societe Generale declined to comment. Kohler and the Elysee presidential palace did not immediately reply to a request for comment. L’Opinion quoted an Elysee spokesperson as saying that Kohler …
Macron’s chief of staff to join French bank Societe Generale, L’Opinion reports Read More »
By Andrea Shalal and Joey Roulette WASHINGTON (Reuters) – U.S. negotiators pressing Kyiv for access to Ukraine’s critical minerals have raised the possibility of cutting the country’s access to Elon Musk’s vital Starlink satellite internet system, three sources familiar with the matter told Reuters. Ukraine’s continued access to SpaceX-owned Starlink was brought up in discussions …
(Reuters) – An economic partnership between Ukraine and the U.S. would benefit both countries, U.S. Treasury Secretary Scott Bessent wrote in an opinion piece for the Financial Times on Saturday. Bessent wrote in the newspaper that the U.S. has proposed that revenue received by Ukraine’s government from natural resources, infrastructure and other assets would be …
Bessent says economic partnership will protect Ukrainians and US taxpayers Read More »
By Kate Abnett and Virginia Furness BRUSSELS/LONDON (Reuters) – The European Commission plans to cut back the number of companies facing EU sustainability reporting requirements, as part of its drive to cut red tape for businesses, a draft document seen by Reuters showed. Brussels plans to publish next week an “omnibus” proposal to simplify green …
EU to pare back sustainability rules for companies, draft shows Read More »
LONDON (Reuters) – BMW said on Saturday it is rethinking its timetable for manufacturing all-electric Mini cars in Britain, citing uncertainties facing the industry. Mini announced in 2023 that it would invest 600 million pounds ($757.80 million) in the UK to make its Mini brand all-electric by 2030 with production due to start in Oxford …
BMW says it will review timing of electric Mini production in UK Read More »
(Reuters) – Stellantis is recalling 27,354 Maserati vehicles in the U.S on concerns over a rear view camera image that does not display, increasing the risk of a crash, the National Highway Traffic Safety Administration said on Saturday. The radio software may prevent the rear view image from displaying, NHTSA said, adding it would be …
PARIS (Reuters) – The European Central Bank could cut its deposit rate down to 2% by this summer, said Bank of France head and ECB policymaker Francois Villeroy de Galhau in an interview published on Saturday. “Seen from where we are today, we could be at 2% by the coming summer,” he told the magazine …
ECB’s Villeroy reaffirms deposit rates could be at 2% by this summer Read More »
By Gergely Szakacs BUDAPEST (Reuters) – Hungarian Prime Minister Viktor Orban’s ruling Fidesz party will nominate former rate-setter Andrea Mager to succeed outgoing policy maker Gyula Pleschinger from next month, three sources familiar with the plan told Reuters on Friday. Parliament’s Economic Affairs Committee is scheduled to hold a confirmation hearing for a member of …
Hungary ruling party to tap former rate-setter Mager as central banker -sources Read More »
