By Gergely Szakacs BUDAPEST (Reuters) – Hungarian Prime Minister Viktor Orban’s hopes that a strong economy will propel his Fidesz party to another election victory in 2026 are being challenged by a rebound in inflation, sagging household morale and even a plunge in the birth rate he so wants to boost. Last week’s warning by …
Analysis-Hungary’s shaky economy disrupts Orban’s re-election playbook Read More »
LONDON (Reuters) -Jewellery maker Pandora on Wednesday said additional U.S. tariffs on imports from China imposed by U.S. President Donald Trump have had a limited impact on the company, which makes its charm bracelets and other products at two factories it owns and operates in Thailand. Pandora had been anticipating tariffs and working to limit …
Pandora sees limited impact from new US tariffs on China Read More »
(Reuters) -French train maker Alstom has agreed to sell its Görlitz plant in Germany to defence equipment maker KNDS, the companies said on Wednesday. KNDS will start using the plant this year to produce assemblies for the Leopard 2 battle tank, the Puma infantry fighting vehicle and variants of the Boxer wheeled armoured vehicle, they …
Alstom to sell German plant to defence equipment maker KNDS Read More »
By Mathieu Rosemain PARIS (Reuters) -Credit Agricole has vowed to defend its interests in Italy, with outgoing CEO Philippe Brassac saying the French bank had no plans to buy Banco BPM, which is the target of an unsolicited bid from UniCredit. “Our only motivation is to defend our own interests, we are not biased,” Brassac …
Credit Agricole vows to defend Italian interests after strong end to 2024 Read More »
By Giuseppe Fonte ROME (Reuters) – Italy’s growth this year and next will be weaker than the government’s official targets, the country’s budget watchdog said on Wednesday, casting a shadow over prospects for the euro zone’s third largest economy. The Parliamentary Budget Office (UPB) cut its gross domestic product (GDP) estimates to 0.7% in 2024 …
Italy’s budget watchdog cuts growth estimates as problems mount Read More »
By Patrick Wingrove (Reuters) – Eli Lilly investors and analysts said they want to hear details from the company on how exactly it plans to grow U.S. sales of popular weight-loss drug Zepbound after it last month forecast lower-than-expected fourth-quarter revenues for the drug. Lilly, which reports its fourth-quarter earnings on Thursday, said in January …
Lilly needs a plan to spur weight-loss drug sales, investors say Read More »
LONDON (Reuters) – Wegovy maker Novo Nordisk is not immune to tariffs U.S. President Donald Trump is threatening to levy on the European Union, its chief executive said on Wednesday, but it is confident its business is well-positioned. Novo Nordisk CEO Lars Fruergaard Jorgensen was speaking to journalists at the company’s headquarters just outside Copenhagen …
MILAN (Reuters) – Italy’s OTB has appointed former Fendi President and CEO Serge Brunschwig as chief executive of its Jil Sander brand, the fashion group said on Wednesday. Brunschwig announced last week he was leaving French luxury group LVMH, whose brands include Louis Vuitton, Fendi, Christian Dior and Givenchy and Sephora – after 30 years …
Former Fendi CEO Serge Brunschwig to head up Jil Sander Read More »
LONDON (Reuters) – The pound rose to its highest in a month on Wednesday as the dollar retreated further after surging two days ago on the threat of sweeping U.S. tariffs, while the focus in UK markets turned to the Bank of England rate decision on Thursday. Sterling climbed to $1.2532 in morning trade in …
Sterling hits one-month high as dollar slides; focus turns to BoE Read More »
COPENHAGEN (Reuters) -Vestas, the world’s biggest wind turbine maker, said uncertainty could weigh on performance, but the execution of its record order backlog would boost revenue, and it announced a share buyback as fourth-quarter results beat expectations. Its share price was trading 1.39% higher at 1038 GMT on Wednesday on the Copenhagen bourse, reversing falls …
Wind turbine maker Vestas braces for uncertainty after profits beat Read More »
