By Jan Lopatka and Marek Strzelecki PRAGUE/WARSAW (Reuters) – European gas traders have begun storing natural gas in Ukraine to take advantage of lower prices and available capacity there, regardless of the risks from the ongoing war, three traders and company officials said. Following Russia’s invasion of Ukraine, begun in February last year, the European …
Defying war risk, European traders store gas in Ukraine Read More »
LONDON (Reuters) – The pound fell on Tuesday, but held above last week’s one-month lows, after a survey showed British retailers logged their slowest sales growth in 11 months in July, thanks to rainy weather and high inflation. The British Retail Consortium (BRC) said retail sales values rose by 1.5% compared with July last year, …
By Angelo Amante, Federico Maccioni and Giuseppe Fonte ROME (Reuters) -Italy has approved a one-off 40% tax on profits banks reap from higher interest rates and it plans to use proceeds to help mortgage holders, in a move that sent banking shares plunging. Sharply higher official interest rates have yielded record profits for banks, as …
LONDON (Reuters) -An index of euro zone banks sank as much as 3.4% on Tuesday, after Italy approved a 40% windfall tax on banks for 2023, sending shivers across the sector that has recorded surging profits as global interest rates have risen. The index was on track for its biggest daily drop since the turmoil …
Italian windfall tax sends euro zone bank stocks tumbling Read More »
FRANKFURT (Reuters) – Euro zone consumers expect inflation to keep slowing in the next months and years but remain pessimistic about their purchasing power and house prices, a European Central Bank survey showed on Tuesday. The ECB’s monthly Consumer Expectations Survey added to evidence that the central bank’s steepest ever streak of interest rate hikes …
Euro zone consumers expect lower inflation, sluggish housing prices – ECB poll Read More »
VIENNA/MUNICH (Reuters) – Siemens is cooperating with authorities in Austria on an investigation into allegations of possible corruption related to hospital building contracts. Several people are being investigated for serious fraud, the prosecutor’s office in Feldkirch said on Tuesday, adding that the sums involved are believed to be less than 10 million euros ($10.99 million). …
Siemens cooperating with Austrian authorities in corruption probe Read More »
LONDON (Reuters) -The British government on Monday raised potential national security concerns from French state-owned utility EDF’s deal to buy General Electric’s nuclear turbine business, ordering the companies to meet certain security needs. EDF’s bid to acquire the GE Steam Power business from the U.S. conglomerate was cleared by Britain’s antitrust regulator in May 2023 …
UK raises national security concerns over EDF deal to buy GE unit Read More »
By Ana Mano SAO PAULO (Reuters) – Brazil believes European Union rules banning products coming from areas of deforestation are “an affront” of World Trade Organization (WTO) rules, Agriculture Minister Carlos Favaro said on Monday. The EU rules took force in June and will ban products beginning December 2024, giving Brazil and other exporters time …
Brazil official defends progress on protecting forests, blasts EU ban Read More »
LONDON (Reuters) -Senior doctors in England plan to strike again in September unless the government agrees to more pay negotiations, their union said on Monday, and the health department restated that its last pay offer was “final.” The NHS has been disrupted by healthcare workers walking out in demand of pay rises to cope with …
Senior doctors in England to strike again in September -union Read More »
By Gwladys Fouche OSLO (Reuters) -Facebook owner Meta Platforms will be fined 1 million crowns ($98,500) per day over privacy breaches from Aug. 14, Norway’s data protection authority told Reuters on Monday, a decision that could have wider European implications. The regulator, Datatilsynet, had said on July 17 that the company would be fined if …
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