By Angeliki Koutantou, Forrest Crellin and Edward McAllister ATHENS/PARIS (Reuters) – For Athens restaurant owner Christos Kapetanakis, rent has always been high, but now he faces what he calls “a second rent” as soaring electricity bills slash profits and force him to raise prices. Kapetanakis pays between 3,000 and 3,800 euros ($3,083-$3,905) a month on …
Europe’s power price divide hits southeastern economies Read More »
LONDON (Reuters) – Britain’s anti-trust regulator said it would begin two investigations this month using its new powers over the biggest tech firms, which are aimed at stimulating investment, innovation and growth. The CMA will designate firms as having “Strategic Market Status” (SMS) in relation to a particular digital activity before they can be investigated. …
UK anti-trust regulator to launch two probes under new digital markets powers Read More »
By James Davey and David Milliken LONDON (Reuters) – Britain’s largest retailers including clothes group Next and supermarkets Tesco, Sainsbury’s and Lidl were the big winners at Christmas, ahead of what is set to be a tough 2025 marked by spending restraint and tax rises. Britain’s economy has struggled to grow in recent years and …
UK’s Next, Tesco and Sainsbury’s are festive winners but sector slowdown looms Read More »
LONDON (Reuters) – There is a 30%-40% chance that France will see further negative credit rating moves this year unless the government can finally find a way to rein in its spending, analysts at JPMorgan have warned. Emmanuel Macron’s government suffered a series of downgrades or “outlook” cuts last year as political upheaval, including four …
JPMorgan sees 30%-40% chance of more credit rating pain for France Read More »
ROME (Reuters) – Italian EU-harmonised consumer prices (HICP) rose 0.1% month-on-month in December, with the annual inflation rate slowing to 1.4% from 1.5% in November, preliminary figures showed on Tuesday. The data was lower than expected. A Reuters survey of seven analysts had pointed to a 0.3% month-on-month rise and a 1.6% year-on-year increase. Official …
Italy Dec EU-harmonised CPI decelerates to 1.4% y/y, 2024 average at 1.1% Read More »
By Tim Hepher PARIS (Reuters) – Airbus is counting the cost of last-minute financial concessions to airlines to overcome a spate of minor quality problems after scrambling to deliver a provisional 123 jets in December, industry sources said. The end-year rush brings preliminary 2024 deliveries to 766 jets, up 4% from 2023, but this is …
Analysis-Airbus faces financial bill after end-year delivery crunch Read More »
(Reuters) – German apparel and footwear brand Adidas will enter Formula One as kit suppliers to the Mercedes Formula One team in a multi-year partnership announced on Tuesday for the new post-Lewis Hamilton era. Puma previously partnered the once-dominant team, who finished fourth overall in seven-times world champion Hamilton’s last season before he moved to …
Motor racing-Adidas replaces Puma as Mercedes F1 partner post-Hamilton Read More »
ROME (Reuters) – Italy’s unemployment rate dipped to 5.7% in November, the lowest reading since the current series began in 2004, but 13,000 jobs were lost during the month, national statistics bureau ISTAT reported on Tuesday. The jobless rate in October was 5.8% and a Reuters survey of 11 analysts had forecast a November reading …
Italy Nov jobless rate falls to 5.7% but 13,000 jobs lost Read More »
FRANKFURT (Reuters) -Euro zone households increased their inflation expectations in November, a European Central Bank poll showed on Tuesday, suggesting years of high inflation were still weighing on households’ psychology. The ECB has been steadily cutting interest rates after bringing down price growth to just above its 2% target but some of the latest indicators, …
Euro zone consumers raise inflation expectations in November, ECB poll shows Read More »
By Stefano Rebaudo (Reuters) – The pound rose to a new one-week high versus the dollar on Tuesday after jumping the day before after a media report said U.S. President-elect Donald Trump’s advisers were considering applying tariffs only to critical imports. Trump, who refuted the report on Monday, had vowed to impose tariffs of 10% …
