By Huw Jones LONDON (Reuters) -Global regulators defended Switzerland’s move to back a rescue deal for Credit Suisse in March instead of liquidating it, in a report that exposed shortcomings of a regime established after the global financial crash to contain such a crisis. The Financial Stability Board (FSB), an influential group of central bankers, …
Global watchdog reveals tensions at heart of Credit Suisse debacle Read More »
DUBLIN (Reuters) – Ireland will revise how it calculates its levy on banks after announcing plans to raise 200 million euros ($211.7 million) from the measure next year, up from 87 million euros in 2023, Finance Minister Michael McGrath said on Tuesday. The levy previously raised a flat 150 million euros a year after its …
Ireland hikes bank levy to 200 million euros, revises methodology Read More »
By Khushi Singh and Bansari Mayur Kamdar (Reuters) -London’s FTSE 100 index posted its best daily performance in nearly a month on Tuesday as bond yields eased after dovish comments from Federal Reserve officials raised hopes the Bank of England would not hike interest rates further. The internationally focused FTSE 100 was up 1.8%, with …
UK’s FTSE 100 records best day in nearly 4 weeks on dovish Fed remarks Read More »
MADRID (Reuters) – Spanish airline Air Europa said on Tuesday it suffered a cyberattack on its online payment system that let some of its customers’ credit card details exposed. The airline emailed customers whose credit card details were affected and notified the relevant financial institutions, it said in a statement. The airline did not specify …
Spanish airline Air Europa hit by credit card system breach Read More »
LONDON (Reuters) – Britain is set to have the slowest-growing economy among the Group of Seven nations next year – when the country is likely to choose a new government – according to forecasts published by the International Monetary Fund on Tuesday. British gross domestic product will expand by an estimated 0.6% in 2024, the …
UK set to have weakest growth among G7 in 2024, IMF forecasts Read More »
KYIV (Reuters) – The International Monetary Fund has revised its forecast for Ukraine’s economic growth this year up to 2%, and expects its gross domestic product to increase by 3.2% in 2024, the Fund said on Tuesday. The Fund said in its latest outlook that the increase was due to a stronger-than-expected growth in domestic …
IMF raises Ukraine’s economic growth outlook to 2% in 2023 Read More »
(Reuters) – Several international airlines have suspended flight services with Tel Aviv after the surprise attack by Hamas militants on Israel over the weekend, impacting hundreds of flights. Here are airlines that have temporarily halted flights to and from Israel: AFRICA Royal Air Maroc cancelled flights to and from Tel Aviv on Saturday and Sunday. …
BERLIN (Reuters) -Sales of Mercedes-Benz cars dipped slightly in the third quarter with a steeper drop in China and the United States on model changes and lack of parts, the carmaker said on Tuesday. Sales from July to September were down 4%, with 510,600 vehicles delivered, according to Mercedes-Benz figures. Mercedes-Benz reported wholesale sales figures, …
Mercedes-Benz sales dip slightly in Q3 on model changes, lack of parts Read More »
BERLIN (Reuters) – Mercedes-Benz Trucks, the European division of commercial vehicle maker Daimler Truck, premiered its battery-electric long-haul truck eActros 600 on Tuesday, with series production planned for the end of 2024. It will be produced on Mercedes-Benz Trucks’ existing assembly line in Woerth am Rhein, Germany, in parallel to diesel vehicles. The company is …
Daimler Truck premieres new eActros 600 in step towards all-electric shift Read More »
(Reuters) – Russia’s economy will grow by 1.1% in 2024, slower than previously forecast, the International Monetary Fund said, after significant spending and resilient consumption in a stretched labour market support growth of 2.2% this year. Moscow plans to allocate almost a third of increased budget spending next year to defence as it diverts more …
IMF lowers Russia 2024 GDP growth forecast to 1.1% Read More »
