By Indradip Ghosh BENGALURU (Reuters) – The European Central Bank will trim 25 basis points (bps) from its deposit rate on Dec. 12, according to all but two of 75 economists polled by Reuters, and at least 100 bps more next year as the economy slows and fears mount about U.S. tariffs. For now, the …
ECB to cut rates by 25 bps on Dec. 12; at least four more likely in 2025- Reuters poll Read More »
COPENHAGEN (Reuters) – Denmark has again raised its outlook for economic growth, fuelled by the expansion of the country’s pharmaceutical industry and in particular by weightloss drug maker Novo Nordisk, the Danish economy ministry said on Thursday. GDP for 2024 is now expected to grow by 3.0%, up from 1.9% seen in August, while the …
Denmark raises 2025 GDP outlook, benefits from Novo Nordisk’s growth Read More »
BERLIN (Reuters) – Job vacancies in Germany have been on a downward trend for two years, showing a decline in labour demand that reflects the economic slowdown in Europe’s biggest economy, according to data from an economic institute released on Thursday. In the third quarter, there were 1.28 million job vacancies, down from a record …
German job market continues losing steam, labour institute says Read More »
ATHENS (Reuters) – Greece’s economy will grow by more than 2% annually in the next two years, helped by continuing flows of European funds, but it needs to do more to attract investment, the Organisation for Economic Cooperation and Development (OECD) said on Thursday. Greece almost went bankrupt in the past decade after revealing a …
Greek economic growth to exceed 2% annually in next two years, says OECD Read More »
By Harry Robertson LONDON (Reuters) – The British pound rose for a third consecutive session on Thursday as it continued to recover from a six-month trough hit in late November. Sterling climbed 0.15% on Thursday to $1.2721, up from a recent low of $1.2475 on Nov. 22. The euro was flat versus sterling at 82.78 …
By Maria Martinez BERLIN (Reuters) – For Eva Henschke, Germany’s Christmas markets are a chance to temporarily forget about the colder, darker days with a hot mug of mulled wine or eggnog and a bratwurst off the grill. But more so than in years past, she has had to keep a careful eye on costs …
German Christmas markets get creative as prices hit new highs Read More »
By James Davey LONDON (Reuters) -Major British retailer Frasers said it felt “kicked in the face” by the government’s tax hiking budget, blaming it for a drop in consumer confidence that forced a cut to annual profit guidance. Shares in Frasers, formerly called Sports Direct and majority owned by Mike Ashley, plunged 12% on Thursday …
‘Kicked in the face’: Frasers blames UK budget for profit downgrade Read More »
(Reuters) -New battery electric vehicle (BEV) sales in UK rose 58% in November, marking the eleventh straight month of growth, industry data showed, driven by deep discounts to meet government-mandated levels. However, overall new car sales for the month fell 1.9% from a year ago to 153,610 units, due to waning demand among private buyers, …
UK electric vehicle sales surge 58% YOY in Nov, industry data shows Read More »
MADRID (Reuters) -Spain’s Inditex has temporarily closed some of its franchise-operated stores in Algeria due to operational problems though it is not considering ceasing operations in the country, the company told Reuters on Thursday. The owner of Zara and other brands, which according to its latest annual report has 20 stores in Algeria, has at …
Inditex temporarily closes some franchise-operated stores in Algeria Read More »
By James Davey LONDON (Reuters) – Major British retailer Frasers felt it had been “kicked in the face” by the new Labour government’s budget, the sportswear and fashion group’s finance chief said on Thursday. A raft of businesses have complained that the government’s move to hike social security contributions and the minimum wage will lead …
UK retailer Frasers says budget was ‘kick in the face’ Read More »
