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MILAN (Reuters) -Italy’s biggest bank Intesa Sanpaolo said on Friday its Fideuram private banking arm was launching a digital investment offer partnering with BlackRock in Belgium and Luxembourg. Intesa teamed up with BlackRock in 2024 to expand the offering of Fideuram Direct, the digital wealth management service it had launched two years earlier. Fideuram Direct …

Italy’s Intesa expands digital investment offer in Belgium and Luxembourg Read More »

By John Revill ZURICH (Reuters) -Workers at 16 of Swatch Group’s directly operated stores in Turkey are set to strike on Monday in a dispute over pay and workers’ rights. About 150 workers from the company’s Swatch brand stores in Istanbul, Ankara and Antalya, as well as two Omega stores in Istanbul, will take part …

Swatch workers in Turkey set to strike in pay row Read More »

By Gergely Szakacs BUDAPEST (Reuters) -A sharp rise in Hungary’s budget deficit, if coupled with higher inflation and currency market pressure, could threaten Hungary’s credit rating, S&P Global said, as public spending promises mount in the run-up to a tightly contested 2026 election. Faced with the weakest economic stretch of his 15-year rule, Prime Minister …

Sharp rise in Hungary’s deficit, inflation could harm credit rating, S&P Global says Read More »

MILAN (Reuters) -Italy’s largest union CGIL said on Friday it would hold a general strike on December 12 to protest against budget plans presented by Prime Minister Giorgia Meloni’s conservative government. The plans include charges worth more than 11 billion euros ($12.83 billion) on banks and insurance companies over 2026-2028 to help fund state finances. …

Italy’s largest union calls general strike on December 12 over budget plans Read More »

By David Milliken LONDON (Reuters) -Money markets are likely to see more “bumps in the road” as the Bank of England reduces its balance sheet, but BoE liquidity facilities are working well to smooth them, a senior official said on Friday. Vicky Saporta, the BoE’s executive director for markets, said a spike in borrowing costs …

More ‘bumps in the road’ likely as Bank of England shrinks balance sheet, official says Read More »

By Marek Strzelecki and Pawel Florkiewicz WARSAW (Reuters) -Poland is seeking Brussels’ approval to use the European Union’s Ukraine reconstruction funds for infrastructure, logistics, and dual-use projects in Ukraine and partly in its own border areas, development lender Bank Gospodarstwa Krajowego said. Poland’s BGK, which raised 389 billion zlotys ($107 billion) in loans, guarantees and …

Poland seeks Brussels’ nod to tap EU Ukraine fund for border zone, development bank says Read More »

HELSINKI (Reuters) -Finnish petrol station chain Teboil, owned by Russia’s Lukoil, is running out of fuel as U.S. sanctions against its parent company prevented it from doing business, daily Helsingin Sanomat reported on Friday, citing a Teboil spokesperson. U.S. President Donald Trump on October 22 hit Rosneft and Lukoil with sanctions in a sharp policy …

Lukoil’s Finnish fuel stations are running dry due to sanctions, daily HS reports Read More »