LONDON (Reuters) -The Swiss National Bank cut interest rates on Thursday, maintaining the central bank’s position as a frontrunner in a global policy easing cycle now underway. The SNB cut its policy rate by 25 basis points to 1.25%, as expected by two-thirds of analysts polled by Reuters, following a similar cut in March. MARKET …
By Jan Lopatka PRAGUE (Reuters) -U.S. chipmaker Onsemi will invest up to $2 billion to boost its semiconductor output in the Czech Republic, it said on Wednesday, expanding the company’s European capacity as the European Union seeks self-sufficiency in critical supplies. The brownfield project would be the largest one-off direct foreign investment in the Czech …
Onsemi to invest up to $2 billion in Czech semiconductor plant Read More »
By Tim Hepher PARIS (Reuters) – Air France-KLM’s CEO has urged Aeroports de Paris to improve the French capital’s Charles de Gaulle airport, saying a shortage of jetways has created a daily struggle for aircraft parking spaces and higher operating costs. Speaking to reporters to mark the Franco-Dutch airline group’s 20th anniversary, Chief Executive Ben …
Air France-KLM CEO blasts main Paris airport over jet parking shortage Read More »
By Shashwat Chauhan, Jesus Calero and Shristi Achar A (Reuters) -European shares ended lower on Wednesday, pressured by losses in real estate and technology stocks, while UK stocks were buoyed by metal miners as investors digested its inflation data. The pan-European STOXX 600 closed down almost 0.2%, with the real estate sector falling 1.2% and …
European shares lose ground on real estate, tech losses Read More »
By Pranav Kashyap and Purvi Agarwal (Reuters) -London’s FTSE 100 closed higher on Wednesday as investors digested a key inflation report that showed a sluggish decline in services inflation, while industrial miners tracking higher copper prices offset declines. The blue-chip FTSE 100 closed 0.2% higher, above the crucial 8,200 level for the first time in …
London’s FTSE 100 gains after CPI shows in-line inflation, copper prices boost Read More »
By Jesús Aguado MADRID (Reuters) – Spain’s second largest bank BBVA is planning to extend its digital banking services to Germany as it seeks to boost customer numbers and mirror its success in Italy, the bank’s country manager in Spain said on Wednesday. BBVA, which recently submitted a hostile 12.28 billion euro ($13.20 billion) takeover …
Spain’s BBVA plans to roll out digital bank in Germany Read More »
OSLO (Reuters) – Swedish lithium-ion battery producer Northvolt is reviewing plans to build a new plant in Borlange in central Sweden but has not reached any decisions, it said on Wednesday, after a newspaper reported it was cancelling the project. The report by Swedish business daily Dagens Industri cited a municipal official. Northvolt said in …
Northvolt reviewing plans for new Swedish gigafactory Read More »
By America Hernandez PARIS (Reuters) – The French government should buy a “golden share” in TotalEnergies to have a say in strategic company decisions, including aligning its activities with the Paris Climate Accord and vetoing any potential move to the U.S., a non-binding Senate report published on Wednesday said. The report follows nearly six months of …
French Senate urges government to buy ‘golden share’ in TotalEnergies Read More »
By David Milliken and Suban Abdulla LONDON (Reuters) -British inflation returned to its 2% target for the first time in nearly three years in May, but strong underlying price pressures all but rule out a pre-election interest rate cut. While Prime Minister Rishi Sunak welcomed the fall in headline inflation in May, it has likely …
UK inflation drops to 2% target for first time since 2021 Read More »
(Reuters) – France’s Thales has signed three deals with Ukraine including one announcing an intention to create a joint venture in the country that will boost delivery of military gear, the defence company said on Wednesday. The deals were signed under the aegis of France’s Ministry of the Armed Forces and the Ukrainian Ministry of …
Thales to create joint venture with Ukraine to boost military supplies Read More »
