GENEVA (Reuters) – Global unemployment remained steady last year at an historical low of 5%, where it is set to stay in 2025, the International Labour Organization said in a report on Thursday. However, the Geneva-based body said that a global economic slowdown from 3.3% to around 3.2% last year, and a gradual deceleration over …
Global unemployment set to hold near historical low of 5%, ILO says Read More »
(Reuters) – Voters in Germany, Europe’s biggest economy, go to the polls on Feb. 23. With the country’s auto industry in turmoil, here is what the major parties are saying in their manifestos on cars and the auto industry: CDU/CSU Topline: “Yes to cars: keep the automotive industry’s position as a leading industry.” The conservative …
Factbox-German parties’ car policies in February national election Read More »
By Arunima Kumar, Ron Bousso (Reuters) -BP warned on Tuesday that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while also delaying a highly-anticipated investor day due to a medical procedure undergone by CEO Murray Auchincloss. The British company said Auchincloss will be back in the office …
BP warns of fourth-quarter profit hit, postpones capital markets day Read More »
By Nupur Anand NEW YORK -Apple is in talks with Barclays to replace Goldman Sachs as the tech giant’s credit card partner, said two sources familiar with the matter, as the Wall Street giant steps back from its consumer finance ambitions. Credit card issuer Synchrony Financial is also in discussions with Apple about the card …
(Reuters) – Irish inflation rose to an annual rate of 1.4% in December after a reading of 1% in November, Central Statistics Office data showed on Thursday. Excluding energy and unprocessed food, the CPI grew by 2.1% in the 12 months to December, the data showed. The CPI rose to 0.9% between November and December. …
Irish annual inflation rises to 1.4% in December Read More »
By Stefano Rebaudo (Reuters) – Sterling dropped sharply against the yen and also weakened versus the dollar and the euro on Thursday as investors focused on monetary policy divergence after last week’s sell-off in gilts and the pound. Money markets priced in around 50 bps of rate hikes by the Bank of Japan in 2025 …
LONDON (Reuters) – The pound fell on Thursday after data showed the British economy grew more slowly than expected in November, which could give the Bank of England more room to cut interest rates this year. The Office for National Statistics said gross domestic product expanded by 0.1% in November, following October’s 0.1% drop, and …
Sterling dips after data shows slower UK economic growth Read More »
MILAN (Reuters) – Bahrain-based investment group Investcorp said on Thursday it had agreed to buy Italian alternative payments company Epipoli, from private equity Bregal Milestone and founder and CEO Gaetano Giannetto. Investcorp said it would support the European growth of Epipoli, which focuses on CRM and loyalty programs, gift cards and prepaid ones. Giannetto will …
Investcorp to buy Italy’s gift card company Epipoli Read More »
By America Hernandez PARIS (Reuters) -TotalEnergies said its fourth-quarter results would benefit from a slight pickup in refining margins, increased production and stronger gas trading and power sales, signalling a potential turnaround at the end of a year marked by low oil prices and refined products demand. The world’s top oil and gas companies have …
TotalEnergies flags slight fourth quarter recovery on better power sales, LNG trading Read More »
(Reuters) – British lenders expect demand for mortgages to slow in the months ahead even though they think availability will continue to rise, a Bank of England survey showed on Thursday. A gauge of expected demand for secured lending in the BoE’s quarterly Credit Conditions Survey fell in the fourth quarter of 2024 to its …
UK lenders predict weakening demand for mortgages, BoE survey shows Read More »
