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BERLIN (Reuters) -German Chancellor Friedrich Merz and Finance Minister Lars Klingbeil signalled a new European patriotism to protect the steel industry on Thursday after a summit bringing together domestic producers, German states and trade unions. “If we invest heavily in our defence industry, then we can … say that we want to give preference to …

Germany’s Merz, finance minister call for European patriotism to protect steel industry Read More »

By Dmitry Zhdannikov LONDON (Reuters) -Russian energy group Lukoil’s foreign empire is suitor Gunvor’s biggest acquisition target to date but looks far beyond the Swiss trader’s borrowing capacity, bankers and insiders say. Lukoil launched the sale of foreign assets on October 27 after coming under fresh U.S. and UK sanctions. Three days later it entered …

Analysis-Too big to swallow? Lukoil empire no simple acquisition for Gunvor Read More »

LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Thursday there could be an artificial intelligence-induced bubble in markets, notwithstanding the large productivity boost the technology would likely deliver. Speaking after the central bank left interest rates on hold, Bailey said there was uncertainty around future AI returns, but not really about its potential. …

BoE’s Bailey: Risk of AI bubble if markets over price returns Read More »

ZURICH (Reuters) -Swiss efforts to secure a more favourable trade relationship with the U.S. are ongoing, Finance Minister Karin Keller-Sutter said on Thursday, after Swiss corporate bosses met with U.S. President Donald Trump earlier this week.  Switzerland was left reeling after Trump imposed tariffs of 39% on Swiss imports in August, among the highest duties …

Swiss finance minister says tariff deal with US depends on Trump Read More »

COPENHAGEN (Reuters) -The Swedish outlook for economic activity and inflation is uncertain, central bank Governor Erik Thedeen said on Thursday, adding that the Riksbank was still vigilant regarding developments. “We are expecting the policy rate to remain at this level for some time to come,” Thedeen said in a statement, commenting on the Riksbank’s decision …

Swedish Riksbank’s Thedeen says outlook for economic activity and inflation is uncertain Read More »