LONDON (Reuters) – The European Central Bank’s interest rates have reached a plateau where they will likely remain for the next few quarters, ECB policymaker Francois Villeroy de Galhau said on Monday, dismissing rate cut talk as premature. The ECB broke a streak of 10 consecutive hikes last month by holding rates steady, prompting investors …
ECB rates to stay unchanged for next few quarters -Villeroy Read More »
By Padraic Halpin DUBLIN (Reuters) – Neste could have excess sustainable aviation fuel (SAF) production capacity by 2028 and requires more certainty about long-term demand to justify investment after that point, a senior executive at the refiner said on Monday. Neste aims to ramp up its production of renewable fuels to over 6 million tonnes …
Neste could have excess sustainable jet fuel by 2028 – executive Read More »
By Markus Wacket and Andreas Rinke BERLIN (Reuters) -German Economy Minister Robert Habeck on Monday criticised sticking to what he called the country’s “inflexible” debt brake and took a swipe at Finance Minister Christian Lindner on prospective subsidy cuts, saying it was “all just talk”. The comments laid bare strains in Chancellor Olaf Scholz’s ruling …
Germany considers suspending debt brake as coalition cracks show Read More »
MADRID (Reuters) – Spanish union CCOO on Monday called on 20,000 warehouse and delivery workers at Amazon’s local unit to stage a one-hour strike on each shift on Nov. 27, a date known by retailers as ‘Cyber Monday’, and the same on the following day to demand better wages and working conditions. There are three …
Amazon’s logistics workers in Spain plan Cyber Monday walk-outs Read More »
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Monday that it was “far too early to be thinking about rate cuts” and borrowing costs might have to go up again if there were signs that inflation was proving more persistent than expected. “When inflation is high, we take no chances,” Bailey said in …
‘Far too early’ to talk about rate cuts -Bank of England’s Bailey Read More »
By Sudip Kar-Gupta and Giuseppe Fonte PARIS/ROME (Reuters) -Italy has knocked back French group Safran’s planned $1.8 billion purchase of the flight control systems arm of Collins Aerospace, with Italian government sources citing concerns over supplies to armed forces and contracts for the Eurofighter programme. Safran said on Monday that Rome had vetoed its acquisition …
Italy knocks back Safran’s $1.8 billion Collins Aerospace deal Read More »
By Greg Bensinger SAN FRANCISCO (Reuters) – The rift that cost artificial-intelligence whiz kid Sam Altman his CEO job at OpenAI reflects a fundamental difference of opinion over safety, broadly, between two camps developing the world-altering software and pondering its societal impact. On one side are those, like Altman, who view the rapid development and, …
Analysis-Sam Altman’s firing at OpenAI reflects schism over future of AI development Read More »
By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Treasury said on Monday it had hired banks to place investors shares in Monte dei Paschi di Siena (MPS) equivalent to around 20% of the bailed out lender’s capital. Shares in MPS closed flat at 3.07 euros, valuing the bank at around 3.8 billion euros ($4.1 …
Italy sells 20% Monte dei Paschi stake to investors Read More »
By Andy Bruce LONDON (Reuters) -British retail sales volumes fell unexpectedly in October as consumer finances remain stretched, official data showed on Friday, in a new warning sign for the economy. Retail sales volumes dropped 0.3% month-on-month, following a revised 1.1% decline in September that was worse than first estimated, the Office for National Statistics …
UK retail sales slide again in October in new blow for economy Read More »
By Paul Sandle LONDON (Reuters) – Britain’s antitrust regulator will overhaul its merger assessment regime, including improving interaction with the parties and letting remedies be pitched sooner, after it was criticised over the Microsoft-Activision Blizzard deal. The Competition and Markets Authority (CMA) moved into the top tier of global regulators when Britain left the European …
Britain proposes antitrust overhaul after Microsoft-Activision case Read More »
