PARIS (Reuters) – The fall of the government leaves France without a clear path toward reducing its budgetary deficit, credit rating agency Standard and Poor’s (S&P) said on Thursday. “With less than four weeks until the end of the year, and even less time remaining until the Dec. 21 deadline to pass the budget, regardless …
Fall of government leaves France without clear path on cutting deficit -S&P Read More »
(Reuters) -Bitcoin broke above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president fuelled bets that his administration will create a friendly regulatory environment for cryptocurrencies. The world’s biggest and best-known cryptocurrency has more than doubled from this year’s low of $38,505 and is up over 50% since …
By Emma-Victoria Farr FRANKFURT (Reuters) -Private equity firm EQT said on Thursday it is launching a new energy transition investment strategy with the acquisition of ju:niz Energy, a German battery storage business. Under EQT Infrastructure, the strategy will see investment directed towards companies operating in new energy transition infrastructure, such as electrification, electric vehicle charging, …
EQT launches energy transition strategy with German acquisition Read More »
FRANKFURT (Reuters) – Following are quotes from ECB policymakers in the run-up to the Dec 12 policy meeting where a rate cut is almost certain and only the size is up for debate, with most seemingly supporting a 25 basis point reduction. JOACHIM NAGEL, BUNDESBANK PRESIDENT, DEC 4 “Given that the disinflation process is proceeding …
Factbox-Key quotes from ECB policymakers ahead of likely rate cut on Dec 12 Read More »
By Paul Sandle LONDON (Reuters) -Vodafone reported a sharp downturn in top market Germany in its second quarter, hit by a change in the law on TV sales and competition in the enterprise sector, sending its shares down 4.5% on Tuesday. But the British company said growth in Turkey, Africa and other European markets offset …
(Reuters) – Avia Solutions Group, which leases aircraft and provides related services, has ordered 40 Boeing 737 MAX 8 jets, with an option to order 40 additional jets, the companies said in a joint statement on Tuesday. The 40 jets will be valued at about $2.17 billion, according to Reuters calculations based on estimated delivery …
PARIS (Reuters) -Major French newspapers, including Le Monde, Le Figaro and Le Parisien, said on Tuesday that they were taking legal action against social media platform X for allegedly using their content without paying. Representatives for X did not immediately respond to requests for comment. The newspapers said they were due payment under their ancillary …
French newspapers seek legal action against social media platform X Read More »
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -Bayer said on Tuesday that weak agricultural markets mean its earnings are likely to fall further next year, sparking a sharp fall in the German company’s shares and piling pressure on its CEO to deliver on his turnaround efforts. Chief Executive Bill Anderson has started cutting jobs, …
Bayer’s shares sink to 20-year low on 2025 earnings fall forecast Read More »
BRUSSELS (Reuters) – The European Commission said on Tuesday that along with national authorities it was calling upon Apple to stop geo-blocking practices on Apple Media Services. Geo-blocking is the practice of restricting content according to a user’s geographical location. (Reporting by Sudip Kar-Gupta; Editing by Jan Harvey)
By Alexander Hübner and Ilona Wissenbach MUNICH/FRANKFURT (Reuters) -Germany’s largest industrial union said on Tuesday that workers in the electrical engineering and metal industries would get a 5.5% wage increase over 25 months under a pilot deal struck with employers after a marathon 18 hours of tough negotiations. The deal comes at a difficult time …
Germany’s IG Metall union says workers to get 5.5% wage rise in key industries Read More »
