By Enes Tunagur LONDON (Reuters) – European Union marine fuel rules, effective from Jan. 1 as part of efforts to cut emissions, will raise shipping costs, although firms with vessels that can run on alternative fuels, such as biodiesel and LNG, will benefit, two shipbrokers said. The policy is the second major EU regulation focused …
EU’s cleaner marine fuel rules are inflationary, shipbrokers say Read More »
By Harry Robertson LONDON (Reuters) -The pound rose as much as 1% on Monday after a report said U.S. President-elect Donald Trump’s advisers were considering only applying tariffs to critical imports, a move that could limit the economic impact on other countries. Sterling rose as high as $1.255 and was last up 0.87% at $1.2532. …
Sterling rallies on report pointing to more limited Trump tariffs Read More »
By Andy Bruce and David Milliken (Reuters) -British business activity growth slowed to a crawl in December and employers cut staffing at the fastest rate in almost four years as a slump in corporate morale after the government’s budget rumbled on, a survey showed on Monday. The final headline UK S&P Composite Purchasing Managers’ Index …
UK firms lost momentum and cut staff after budget, surveys show Read More »
COPENHAGEN (Reuters) -Norway’s Equinor said on Monday the Troll gas field in the North Sea had produced a record volume of natural gas in 2024, increasing nearly 10% from the previous high set in 2022. The Troll gas field, Europe’s largest, in 2024 delivered 42.5 billion standard cubic metres (bcm) of natural gas, up from …
Norway’s Troll gas field produced record volume in 2024 Read More »
PARIS (Reuters) -France’s new government aims to squeeze around 50 billion euros ($52 billion) in savings out of the 2025 budget, Finance Minister Eric Lombard said on Monday, setting a lower target than his predecessor. Lombard said that an easier belt-tightening effort was necessary in order to preserve economic growth, adding the budget bill currently …
French 2025 budget targets 50 billion euros in savings, finance minister says Read More »
(Reuters) -New car registrations in the UK rose in 2024, industry data showed on Monday, ending a challenging year for the country’s auto sector amid a major electric vehicle transition. The Society of Motor Manufacturers and Traders (SMMT) said new car registrations grew about 2.6% year-on-year to 1.95 million units in 2024, while the December …
UK new car sales rise in 2024 but miss EV target, industry data shows Read More »
FRANKFURT (Reuters) – Investor morale in the euro zone fell in January to its lowest in more than a year, a survey showed on Monday, with Germany remaining a continued drag on the bloc. The Sentix index for the euro zone dropped to -17.7 in January from -17.5 in December. That is the lowest level …
Euro zone investor morale falls in January to lowest in more than a year Read More »
PARIS (Reuters) – France’s dominant service sector saw employment decline for the first time in four years in December, as businesses grappled with weak demand and political uncertainty, S&P Global’s PMI survey showed on Monday. The HCOB France Services PMI rose to 49.3 in December from a 10-month low of 46.9 in November, remaining below …
France’s services sector contracts slowly in December as employment slips, PMI shows Read More »
ROME (Reuters) – The Italian service sector returned to growth in December, recovering from November’s brief period of contraction, although new business declined for a second month in a row, a survey showed on Monday. The HCOB Purchasing Managers’ Index for Italian services came in at 50.7 in December up from 49.2 in November, and …
Italian service sector flickers back to growth at end of 2024, PMI shows Read More »
BERLIN (Reuters) – Germany’s service sector experienced a slight uptick in business activity in December, bringing it back into growth territory despite increasing price pressures, a survey showed on Monday. The HCOB final services Purchasing Managers’ Index rose to 51.2 in December from 49.3 in November, coming in slightly above a preliminary reading of 51.0. …
German service sector grows modestly in December despite rising costs, PMI shows Read More »
