(Reuters) – Germany’s VDMA engineering association said on Tuesday it still expected production in the sector to fall next year, although at a slower pace than in 2024, and flagged the risk of slight job cuts as sinking orders have hindered capacity utilization. The VDMA said it anticipated production would decline by 8% and 2% …
German engineering body sees fall in 2025 production, flags risk of job cuts Read More »
COPENHAGEN (Reuters) – Finland’s Nokia and French telecom provider Iliad have agreed to extend their long-term partnership which began in 2010, the companies said in a joint statement on Tuesday. The deal supports Iliad’s 3G, 4G, and 5G mobile networks and core solutions in France and Italy, and also includes the operator’s networks in the …
By David Milliken LONDON (Reuters) – Job vacancies have dried up faster in the United Kingdom than in other similar countries over the past year, recruitment platform Indeed said on Tuesday, adding to signs of a loss of momentum in the British economy in the second half of this year. Indeed’s data showed that as …
Job vacancies fall faster in UK than elsewhere, Indeed says Read More »
COPENHAGEN (Reuters) -Norway’s Equinor said on Tuesday that the startup of its Arctic Johan Castberg oilfield has been postponed to January or February from the end of 2024 due to adverse weather conditions in the Barents Sea. The oilfield in the Norwegian sector of the Barents Sea is expected to produce for some 30 years, …
Equinor postpones start of Arctic Castberg oilfield to early 2025 Read More »
MOSCOW/PRAGUE (Reuters) – Russian gas exports to Europe via Ukraine were stable on Tuesday while nominations, or requests, to Austria from Slovakia jumped by 15.7% from Monday, hitting their highest since Nov. 15, data showed. Russian gas supplies to Austria have been in focus since mid-November after Russian supplier Gazprom halted supply to Vienna-based energy …
Russian flows through Ukraine unchanged, Austria nominations up Read More »
(Reuters) -Teamviewer has signed a deal to acquire the London-based IT firm 1E for an enterprise value of $720 million, the German software company said on Tuesday. Shares in the German firm were down 5% in pre-market trading following the announcement. Teamviewer, which signed the deal with Carlyle Europe Technology Partners, part of Carlyle, said …
Teamviewer acquires London-based 1E in $720-million deal Read More »
ATHENS (Reuters) – Greece expects record tourism revenues of about 22 billion euros ($23.24 billion)this year, Tourism Minister Olga Kefalogianni said on Tuesday, around a 10% rise from 2023. Last year, the Mediterranean country collected what was then a record of 20 billion euros from tourism, a key driver for its economy. “This year we …
Greece expects record tourism revenue of 22 billion euros this year, says minister Read More »
COPENHAGEN (Reuters) – Husqvarna expects its organic sales for the fourth quarter to decline year-on-year due to challenging market conditions, particularly in North America, as well as an unfavourable product mix, the Swedish group said late on Monday. Husqvarna now expects organic sales in the quarter to fall by 5% from a year ago, resulting …
Sweden’s Husqvarna warns of weaker sales, operating loss in Q4 Read More »
By Indradip Ghosh BENGALURU (Reuters) -The Swiss National Bank will again cut its key policy rate by 25 basis points on Dec. 12, according to an over-85% majority of economists polled by Reuters, with most expecting the rate to reach near-zero in 2025, lower than previously thought. Financial market pricing is pushing more toward a …
SNB to cut rates 25 bps on Dec. 12, to reach zero or close next year Read More »
(Reuters) -U.S. asset manager AllianceBernstein is preparing to sue Switzerland for $225 million after UBS’ takeover of Credit Suisse last year led to the erasure of $17 billion of the failed bank’s debt, the Financial Times reported on Tuesday. AllianceBernstein is set to be added as a plaintiff in a case brought by law firm …
