By Corina Pons MADRID (Reuters) -Spanish black olive exporters have called on the EU to hit back at steep tariffs imposed under U.S. President Donald Trump, using powers authorised last week by the World Trade Organization. On Wednesday, a WTO arbitrator issued a decision that allowed the EU to take countermeasures worth up to $13.64 …
Spanish black olive exporters urge EU to hit back on US tariffs Read More »
BERLIN (Reuters) -Robert Bosch said on Monday that it had registered furlough measures with labour authorities at its Salzgitter site amid chip supply problems across the automobile industry. “At the Salzgitter plant, we are responding flexibly to production adjustments. To this end, we can make use of the proven instrument of short-time working depending on …
Bosch registers furlough measures at Salzgitter site amid chip supply problems Read More »
MILAN (Reuters) -Shares in Campari fell 5% on Monday after Italian tax police seized 1.29 billion euros ($1.5 billion) worth of shares in the Italian spirits group held by its controlling shareholder for alleged tax evasion, equal to almost a sixth of the Aperol maker’s current market value. Police said late on Friday that they …
Campari shares fall after tax police seize $1.5 billion worth of parent company’s stake Read More »
By Maha El Dahan ABU DHABI (Reuters) -Executives at two of Europe’s top gas suppliers, ExxonMobil and QatarEnergy, on Monday warned they could stop doing business with the European Union if it does not significantly loosen a sustainability law that could impose fines of 5% of their global revenue. Exxon CEO Darren Woods told Reuters …
Exclusive-QatarEnergy, Exxon executives warn of Europe exit over climate law Read More »
By Padraic Halpin DUBLIN (Reuters) -Ryanair raised the prospect of more than recovering last year’s 7% fare decline after reporting a rise in six-month net profit and nudging up its passenger traffic forecast thanks to earlier-than-expected Boeing deliveries. After the low-cost airline initially cautiously forecast on Monday that it might recover the average fare decline …
Ryanair raises prospect of more than recovering FY fare decline Read More »
(Reuters) -Dutch bank Rabobank has signed a 1 billion euro ($1.17 billion) deal with pension investment firm PGGM to share the credit risk on a portfolio of Dutch property estates, the companies said on Monday. WHY IT’S IMPORTANT The deal highlights how banks are seeking to hedge exposure to credit risks in the event of any …
Rabobank and PGGM in 1 billion euro deal to share credit risk on Dutch real estate Read More »
LONDON (Reuters) -The pound remained under pressure against both the dollar and euro on Monday as traders tried to fine-tune their positions ahead of Thursday’s in-the-balance Bank of England meeting. Sterling was down 0.27% on the dollar at $1.3132, just above last week’s more than six-month low of $1.30965. It was steady versus the euro …
By Terje Solsvik, Gwladys Fouche and Tim Hepher OSLO/PARIS (Reuters) -Norway and a trio of European aerospace manufacturers agreed on Monday to settle mutual claims for damages after the NATO nation axed an order for delayed NH90 submarine-hunting helicopters, heading off a potentially awkward defence industry trial. NHIndustries and owners Airbus, Leonardo and GKN Fokker …
Norway and Airbus-led NHIndustries settle NH90 helicopter dispute, avoiding rare trial Read More »
BERLIN (Reuters) -Germany’s economy minister said on Monday that a government programme to lower electricity prices for manufacturers will likely be introduced at the beginning of next year while talks with EU competition authorities are being finalised. “We are in the final stages of negotiations with the European Commission. I expect that we will introduce …
German minister: power price support for industry to be introduced in January Read More »
MADRID (Reuters) -Spain’s manufacturing sector expanded at a faster pace in October than in the previous month, with both production and new orders rising, although new export orders declined for the second month, a survey by S&P Global showed on Monday. The HCOB Spain Manufacturing Purchasing Managers’ Index (PMI) rose to 52.1 from September’s 51.5, …
Spain’s manufacturing sector posts solid growth in October, PMI shows Read More »
