By Foo Yun Chee BRUSSELS (Reuters) – National cybersecurity experts have shelved a vote on a draft EU cybersecurity label allowing Amazon, Alphabet’s Google and Microsoft to bid for highly sensitive EU cloud computing contracts to May, people familiar with the matter said on Tuesday. The European Union wants to introduce a cybersecurity certification scheme …
Vote on EU cybersecurity label delayed to May, sources say Read More »
NEW YORK (Reuters) – The European Central Bank will be in a position to adapt the pace of rate cuts if the fallout from Middle East tensions has a lasting impact on energy prices and inflation, ECB policymaker Francois Villeroy de Galhau said on Tuesday. The ECB has opened the door to a first rate …
ECB can adjust pace of cuts if Mideast tensions flare, Villeroy says Read More »
MEXICO CITY (Reuters) – The U.S. government asked for a so-called rapid response dispute settlement panel under the USMCA North American trade pact to address a labor dispute involving call centers operated by Spain’s Atento in Mexico, U.S. trade officials said on Tuesday. The move follows a U.S. request in January for Mexico to review …
US requests dispute settlement panel for Atento call centers dispute in Mexico Read More »
By Leticia Fucuchima SAO PAULO (Reuters) -Spanish renewable energy firm Acciona Energia has decided to restructure its businesses in Brazil, it said on Tuesday, after Reuters reported the subsidiary of infrastructure giant Acciona had been downsizing in the country. The company said the decision to reorganize its unit in Latin America’s largest economy was a …
Exclusive-Spain’s Acciona downsizing renewable energy business in Brazil Read More »
By Andrea Shalal WASHINGTON (Reuters) -The U.S. and its Group of Seven (G7) allies are continuing to explore a range of possibilities to unlock the value of nearly $300 billion in frozen Russian assets to aid Ukraine, U.S. Treasury Secretary Janet Yellen said on Tuesday. Yellen said the United States and the G7 were absolutely …
Yellen says it is important to unlock value of Russian assets to aid Ukraine Read More »
By Mimosa Spencer and Dominique Patton PARIS (Reuters) -LVMH’s sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories. Slower sales growth of 3% reflected comparisons with the same quarter in 2023, …
LVMH sales growth slips on luxury spending slowdown Read More »
By Suban Abdulla and William Schomberg LONDON (Reuters) -Britain’s labour market lost a bit more of its inflationary heat, data showed on Tuesday, offering some relief to the Bank of England, but stubborn underlying problems continued with wage growth still high and more people dropping out of the workforce. Core wages rose by the least …
UK jobs market cools again but worries remain for Bank of England Read More »
By Shubham Batra, Khushi Singh and Pranav Kashyap (Reuters) -London stocks dropped nearly 2% on Tuesday with its broadest selloff in years on growing geopolitical tensions in the Middle East and reduced expectations of U.S. interest rate cuts, while a slide in Dr Martens exacerbated losses. Britain’s main indexes FTSE 100 and FTSE 250 witnessed …
British equities fall in broad market selloff; Dr Martens tumbles Read More »
By Ozan Ergenay and Johann M Cherian (Reuters) -Europe’s main stock index fell to a near six-week low on Tuesday as investors stayed clear of risky assets amid tensions in the Middle East, while Ericsson jumped following upbeat earnings. The pan-European STOXX 600 fell 1.4% as of 0846 GMT, dragged by a 3% drop in …
STOXX 600 nears six-week low on geopolitical jitters; Ericsson shines Read More »
BRUSSELS (Reuters) – The euro zone’s trade surplus surged year-on-year in February as a result of a sharp drop in imports, mainly of energy and raw materials, data from the European Union’s statistics office Eurostat showed on Tuesday. Eurostat said the seasonally unadjusted external trade surplus of the 20 countries using the euro surged to …
