ATHENS (Reuters) – Greece approved its 2024 budget on Sunday, forecasting a rise in economic growth to 2.9% from 2.4% this year as a result of robust tourist revenues and EU funds helping investment. The budget was approved with 158 votes in favour, which is the majority of the conservative government of Prime Minister Kyriakos …
Greece passes 2024 budget forecasting higher growth Read More »
BERLIN (Reuters) – Germany’s government faced calls on Sunday to help farmers and car buyers by revisiting cuts forced upon it by a court ruling which blew a 60 billion euro ($65 billion) hole in its budget. A coalition move to end subsidies for agricultural diesel drew criticism from Green lawmaker and agriculture minister Cem …
German budget consensus under fire over EVs, agricultural diesel Read More »
BERLIN (Reuters) – Germany’s Economy Minister Robert Habeck said he aimed to replace a subsidy to makers of solar panels that fell victim to a court ruling last month that scrapped swathes of the budget, arguing support was needed to compete with Chinese manufacturers. “It’s important for Germany to have at least a foundation share …
Germany aims to replace lost solar panel subsidy, Habeck says Read More »
By Alexander Tanas CHISINAU (Reuters) – Moldovan President Maia Sandu on Saturday hailed the adoption by parliament of a new defence strategy calling for anchoring Moldova alongside its Western allies and identifying Russia as a threat to the former Soviet state. Sandu posted on Facebook two days after the European Union agreed to open talks …
Moldovan president hails adoption of defence strategy citing Russia as threat Read More »
ROME (Reuters) – Italy is ready to invest in Africa both to get the energy needed for economic growth but also to tackle migration flows, Eni CEO Claudio Descalzi said on Saturday. State-controlled Eni, Italy’s largest importer of natural gas, last year countered lower Russian supplies by shipping increased volumes from Africa, where it has …
Italy ready to invest in Africa to tackle energy, migration – Eni chief Read More »
By Francesca Landini ROME (Reuters) -Oil and gas should not be demonised in the medium-term, Elon Musk, the founder of electric car maker Tesla, said on Saturday, but he also said it was important to reduce carbon emissions to preserve the planet. Musk, speaking at a right-wing political gathering organised by Italian Prime Minister Giorgia …
Elon Musk says oil and gas should not be demonised Read More »
BERLIN (Reuters) – Germany’s electrical vehicle subsidy programme will end prematurely on Monday after paying out some 10 billion euros since 2016, the Economics Ministry said, the latest sign of belt-tightening following the adoption of a revised 2024 budget this week. The new budget had to be slimmed down after a ruling by Germany’s constitutional …
MILAN (Reuters) – John Elkann, scion of the Agnelli family, has tightened his grip on Giovanni Agnelli BV, the family holding that controls the industrial conglomerate Exor, Italian financial daily Il Sole 24 Ore reported on Saturday. Exor is the single largest shareholder in automaker Stellantis and Dutch healthcare equipment maker Phillips. It also controls …
John Elkann tightens grip on Agnelli family holding, says daily Read More »
LONDON (Reuters) – Vaping products were the fastest growing category in UK grocery for the second year running in 2023, while sales of cigarettes, cigars and loose tobacco fell sharply, industry data showed. Britain’s government in October proposed banning younger generations from ever buying cigarettes and Prime Minister Rishi Sunak said it also needed to …
SAO PAULO (Reuters) -The price of the most active bond of Brazilian petrochemical Braskem fell again on Friday, a day after ratings agency Fitch cut the firm’s rating to below investment grade citing increased risks related to sinking ground in the city of Maceio. Fitch cut Braskem’s credit note to “BB+” from “BBB-” late afternoon …
Brazil’s Braskem bond back to downward path after Fitch cuts rating to junk Read More »
