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COPENHAGEN (Reuters) – Inflation will continue to decline and interest rate cuts will support economic recovery, Finnish ECB policymaker Olli Rehn said in a blog post on Friday. The possible scale of interest rate cuts in the next few years could be in the range of 1 to 2 percentage points, given there won’t be …

Rate cuts will support recovery, ECB’s Rehn says Read More »

FRANKFURT (Reuters) – The European Central Bank cut interest rates for the first time in five years on Thursday but kept investors in the dark about its next move given increasing uncertainty over inflation after a sharp slowdown in the past year. The ECB lowered its record-high deposit rate by 25 basis points to 3.75%, …

ECB cuts rates, keeps next move under wraps Read More »

By Lisa Richwine LOS ANGELES (Reuters) -Netflix started rolling out the first major revamp of its television app in a decade on Thursday, testing changes designed to help viewers more quickly decide what they want to watch. The video streaming pioneer wants to increase the time that viewers spend on the app to help retain …

Netflix tests biggest TV app redesign in 10 years Read More »

FRANKFURT (Reuters) – A few conservative European Central Bank policymakers expressed regret on Thursday about signalling too explicitly that a rate cut was coming and some even said they might have otherwise voted for holding rates, four sources told Reuters. The ECB cut rates from a record high on Thursday given a decline in inflation …

Some ECB hawks regret premature rate cut commitment, sources say Read More »

ZURICH (Reuters) – A group of Credit Suisse bondholders holding $82 million worth of the failed bank’s Additional Tier 1 (AT1) debt have filed a lawsuit against Switzerland seeking compensation, U.S. court filings on Thursday showed. Credit Suisse collapsed in 2023 and was taken over by rival UBS in a rescue orchestrated by Swiss authorities. …

Credit Suisse AT1 bondholders sue Switzerland in New York Read More »

By David Milliken LONDON (Reuters) – British businesses’ expectations for wage growth over the coming year fell sharply last month, according to a Bank of England survey which may ease policymakers’ worries that it will be hard to keep inflation on target. Expectations for wage growth over the coming year in the BoE’s Decision Maker …

UK firms’ wage growth expectations fall sharply, BoE survey shows Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Ryanair on Thursday lost a court battle against a 10-billion euro ($11 billion) Spanish solvency scheme for pandemic-hit companies approved by EU competition enforcers four years ago, one of a number of lawsuits the company has launched against rivals benefiting from state aid. The European Commission gave the green …

Ryanair loses court fight against $11 billion Spanish pandemic-era aid scheme Read More »

By Shristi Achar A (Reuters) -European shares rose on Thursday, boosted by technology stocks as they hit a near 24-year high, while investors geared up for the European Central Bank’s key interest rate decision later in the day. The pan-European STOXX 600 was up 0.8% as of 0824 GMT, hitting its highest level in three …

European equities gain on tech boost in run-up to ECB Read More »