BERLIN (Reuters) – German inflation rose more than expected in October, to 2.4%, preliminary data from the federal statistics office showed on Wednesday. Analysts polled by Reuters had expected a reading of 2.1% this month, after a year-on-year increase in consumer prices of 1.8% in September, based on data harmonised to compare with other European …
LONDON (Reuters) – Britain’s economy is forecast to grow by 2.0% next year, finance minister Rachel Reeves said on Wednesday, citing the latest projections from the Office for Budget Responsibility. The new figure compared with a growth forecast for 2025 of 1.9% in the OBR’s previous outlook published in March, when the former Conservative government …
UK economy forecast to grow 2.0% in 2025, finance minister says Read More »
PRAGUE (Reuters) – The Czech anti-monopoly office UOHS put a temporary block on the conclusion of a contract with South Korea’s KHNP for the construction of a new nuclear power unit following challenges by Westinghouse and EDF. UOHS said that the preliminary measure to prohibit the conclusion of the contract was not indicative of how …
Czech watchdog prohibits nuclear power contract signing amid appeals Read More »
OSLO (Reuters) – British utility Centrica and U.S. producer Coterra Energy have entered into two gas sale and purchase agreements, which will reduce market risk in Centrica’s liquefied natural gas (LNG) portfolio, Centrica said on Wednesday. Under the contracts, Coterra will supply 100,000 mmBtu per day of natural gas linked to European gas prices such …
Britain’s Centrica signs 10-year US gas deal with Coterra Read More »
By Tim Hepher PARIS (Reuters) – Airbus has delivered its first A321XLR jet to Spain’s Iberia, the European planemaker said, stepping up a battle with Boeing in the middle of the jet market. The plane, which took five years to develop and targets a market previously served by Boeing’s out-of-production 757 or larger wide-bodies, was …
Airbus delivers first A321XLR in new front against Boeing Read More »
(Reuters) – Agrichemicals company Syngenta more than doubled its third-quarter core profit compared to a particularly weak prior-year quarter, but fell short of the previous quarter’s result citing bad weather, price pressure and customer restraints. Earnings before interest, tax, depreciation and amortization (EBITDA) came in at $0.7 billion in the July-September period after $0.3 billion …
Syngenta Q3 core profit up y/y, sees gradual market recovery in 2025 Read More »
MADRID (Reuters) -The Spanish economy grew at a faster-than-expected rate in the third quarter to again outpace its European peers thanks to a strong tourism season and exports, preliminary data showed on Wednesday. Spain’s gross domestic product grew 0.8% in the third quarter from the previous three months, the same pace of expansion as in …
Spain’s economy beats forecasts with 0.8% quarterly growth Read More »
ROME (Reuters) – Italian trade unions CGIL and UIL will hold an eight-hour general strike on Nov. 29 to protest against Prime Minister Giorgia Meloni government’s budget plans, their leaders said on Wednesday. The government announced this month budget plans for 2025 worth about 30 billion euros ($32.51 billion), including cuts to income tax and …
Italian unions to hold general strike on Nov. 29 against govt budget plans Read More »
BERLIN (Reuters) -Volkswagen wants to achieve the majority of its billion-euro savings drive through pay cuts, Handelsblatt reported on Tuesday, citing a management board document. A proposed 10% cut to salaries at the core brand alone would bring in almost 800 million euros ($864 million) annually, Handelsblatt cited the document as saying. In addition to …
Volkswagen eyes pay cuts to achieve majority of savings, reports Handelsblatt Read More »
(Reuters) – Garmin raised its full-year profit and revenue forecasts on Wednesday, expecting a slew of launches of wearable products ahead of the holiday season to drive demand further, sending the company’s shares up 9.5% in premarket trading. Garmin’s fitness segment, its second-largest by revenue, has seen resilient growth in the first half of the …
Garmin raises full-year guidance, results beat amid unabated demand Read More »
