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BRUSSELS (Reuters) – European countries need to do a better job of sharing the burden of financing defence, French Finance Minister Eric Lombard said on Monday amid calls for Europe to boost defence spending. If European Union countries want to be serious about seeking strategic autonomy, they need first to increase their defence spending, Lombard …

EU defence spending burden must be shared better: French finance minister Read More »

(Reuters) – Russia’s economy is showing the first signs of cooling, with sales and orders falling in various sectors due to high interest rates and inflation, Economy Minister Maxim Reshetnikov was cited as saying on Monday by the Interfax news agency. The comments came after documents prepared for an internal government discussion this month showed …

Russian economy is showing first signs of cooling, Ifax cites economy minister Read More »

MOSCOW (Reuters) – OPEC+ producers are not considering delaying a series of monthly oil supply increases that is scheduled to begin in April, Russian Deputy Prime Minister Alexander Novak said on Monday, Russia’s RIA state news agency reported. Bloomberg News reported on Monday, citing delegates, that OPEC+, which groups the Organization of the Petroleum Exporting …

OPEC+ is not considering delay to April oil supply hike, Novak says Read More »

(Reuters) – Telecom Italia (TIM) is moving into the energy sector with the launch of an electricity supply unit in partnership with Axpo Group subsidiary Axpo Italia, it said on Monday. The unit, TIM Energia, aims to supply fully renewable power to business owners, professionals and small to medium-sized companies, TIM said in a statement. …

TIM launches renewable energy unit TIM Energia in partnership with Axpo Italia Read More »

FRANKFURT (Reuters) – Germany is particularly vulnerable to U.S. trade tariffs, which could curb growth for years to come and hold back an economy already suffering through two straight years of contraction, Bundesbank President Joachim Nagel said on Monday. Germany, Europe’s largest economy, has been in a deep industrial recession, due in great part to …

Germany at particular risk from US tariffs, Bundesbank warns Read More »

BERLIN (Reuters) – German cities face severe financial difficulties, with most unable to present balanced budgets this year amid poor growth and high social spending, a survey showed on Monday, days before an election where the ailing economy is a key issue for voters. Intense foreign competition, higher energy costs and interest rates and economic …

German cities struggle with budget amid rising costs, weak economy, survey shows Read More »