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BERLIN (Reuters) -The recovery in German investor morale tapered off in June, the ZEW economic research institute said on Tuesday, reporting a modest rise in its economic sentiment index that fell short of forecasts. The economic sentiment index rose to 47.5 points from 47.1 points in May. Analysts polled by Reuters had forecast a June …

German investor morale rises modestly in June, ZEW says Read More »

By James Davey LONDON (Reuters) – UK grocery inflation fell for a sixteenth month in a row in June, industry data showed on Tuesday, providing a little cheer for Prime Minister Rishi Sunak ahead of next month’s election. Market researcher Kantar said annual grocery price inflation was 2.1% in the four weeks to June 9, …

UK grocery inflation edges lower again ahead of election, Kantar says Read More »

LONDON/PARIS (Reuters) -Shares in French supermarket group Carrefour fell as much as 9.6% on Tuesday after a media report that the finance ministry was recommending a “record” fine against the company over the management of its franchise network. French daily newsletter La Lettre published a 160-page legal complaint late on Monday from the finance ministry …

Carrefour shares fall more than 9% after report of finance ministry complaint Read More »

LONDON (Reuters) – The European Union will peg back implementation of a core element in the final leg of global rules governing bank capital by one year to January 2026, citing a “highly likely” delay in the United States, the bloc’s financial services chief said on Tuesday. Countries are introducing the last batch of a …

EU says to delay core element of Basel bank capital rules Read More »

By Tom Sims FRANKFURT (Reuters) – Building permits for apartments in Germany fell 17% in April from a year earlier, government data showed on Tuesday, underscoring a continued downturn in demand in the construction and real estate industry. Germany has been jolted by the most severe slump in the property sector in decades. Some 17,600 …

German home building permits nosedive in April as slump continues Read More »

By Shashwat Chauhan and Jesus Calero (Reuters) -European shares advanced on Tuesday after posting steep declines last week, buoyed by gains in banks stocks, with focus now on more data and commentary from central banks’ officials to gauge their monetary policy path. The pan-European STOXX 600 rose 0.3% as of 0807 GMT, with travel and …

European shares advance ahead of inflation data, more central bank speakers Read More »

By Foo Yun Chee BRUSSELS (Reuters) – A proposed cybersecurity certification scheme (EUCS) for cloud services should not discriminate against Amazon, Alphabet’s Google and Microsoft, 26 industry groups across Europe warned on Monday. The European Commission, EU cybersecurity agency ENISA and EU countries will meet on Tuesday to discuss the scheme which has undergone several …

EU cybersecurity label should not discriminate against Big Tech, European groups say Read More »