By Alessandro Parodi and Bart H. Meijer (Reuters) – The Dutch government has turned down a request for financial support from national postal service provider PostNL to help keep its services running, it said in a statement on Friday, sending the company’s shares lower. The Ministry of Economic Affairs said it was exploring measures to …
Dutch government rejects PostNL request for financial support Read More »
By Corina Pons and Jesús Aguado MADRID (Reuters) – Sara Huertas still lives with her parents at age 30 because her supply teacher salary doesn’t pay enough for her to rent a home in Madrid with her partner. “We looked south of Madrid, because it’s impossible in the capital, but still we got nothing,” Huertas …
Spain’s booming economy brings cold comfort for some Read More »
(Reuters) – Italian EU-harmonised consumer prices (HICP) fell 0.8% month-on-month in January and were up 1.7% from the year earlier, official statistics agency ISTAT said on Friday, partially revising down preliminary data. The preliminary estimate had pointed to -0.7% month-on-month and +1.7% year-on-year. January’s +1.7% annual rate was up from +1.4% in December. The main …
Italy January EU-harmonised CPI confirmed at +1.7% y/y Read More »
By Maria Martinez BERLIN (Reuters) – Business activity in Germany’s private sector picked up slightly in February, driven by a steady performance in services and reduced drag from manufacturing, according to a survey published on Friday. The HCOB German flash composite Purchasing Managers’ Index, compiled by S&P Global, rose to 51.0 in February from 50.5 …
German growth edges up as manufacturing decline slows, PMI shows Read More »
(Reuters) – French industrial gases supplier Air Liquide raised its medium-term operating margin guidance and extended the target period by one year on Friday, after its 2024 sales slightly beat market expectations. Shares of the company, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, rose 3.6% in early trading. It …
Air Liquide lifts mid-term margin target, extends period to end-2026 Read More »
BERLIN (Reuters) – German mechanical engineering exports declined in line with production in 2024, the VDMA industry association said in a statement on Friday, adding that economic and structural challenges were dampening demand globally. Exports from Germany of machinery and equipment were down 5% compared to the previous year, VDMA said citing preliminary data from …
German machinery exports decline in 2024 amid feeble demand, VDMA says Read More »
PARIS (Reuters) – French business activity slumped much more than expected in February, according to a survey published on Friday, as new business and backlogs in the dominant services sector sharply declined. The HCOB France flash purchasing managers index (PMI) for services, compiled by S&P Global, came in at 44.5 points in February. That figure …
French business activity contracts much more than expected in February, PMI shows Read More »
By Valentina Za, Francesca Piscioneri and Giulia Segreti ROME (Reuters) – Having made property investments in Milan, Italian architect Giuseppe Pezzano is now looking for a place in Rome to set up a second home and studio, as the Italian capital’s underdeveloped real estate sector draws fresh attention. Pezzano’s property hunt highlights a wider shift …
As Milan property boom eases, investors set their sights on spruced-up Rome Read More »
By Michael Kahn PRAGUE (Reuters) – Estonia, a Baltic country of 1.4 million people that has long punched far above its weight in the tech sector, is now leading central and eastern Europe’s rush to fund defence projects spurred by Russia’s 2022 invasion of Ukraine. It is not hard to see why. While heightened security …
Estonia’s tech investors take defence into their own hands as Russian threat looms Read More »
By Ariane Luthi ZURICH (Reuters) – Swiss plans to create a form of safety net for big banks could be delayed as lawmakers consider linking it to requirements to make lenders like UBS hold more capital to make them safer. On Monday, a parliamentary committee will debate establishing a permanent so-called public liquidity backstop (PLB) …
Swiss lawmakers consider linking liquidity backstop fee to capital requirements Read More »
