(Removes 2nd paragraph with reference to April 2002 milestone comparison. Rates are highest since October 2008.) By John Revill ZURICH (Reuters) -The Swiss National Bank raised its policy interest rate by 25 basis points on Thursday as the central bank pressed ahead with its campaign to dampen stubborn inflation and left the door open for …
Swiss central bank raises rates again, signals may need to do more Read More »
BERLIN (Reuters) – Germany’s cartel office said on Thursday it had widened its investigation into the possible abuse of the government’s energy price cap, introduced to offer relief to consumers from soaring prices after Russia’s invasion of Ukraine last year. The regulator said its new focus was on suppliers who had applied for advance payments …
German cartel office extends probe into possible energy subsidy abuse Read More »
BRUSSELS (Reuters) – The European Commission on Thursday said it had approved 280 million euros ($308 million) in state aid granted by Belgium to steel maker ArcelorMittal to help it decarbonise its steel production. The aid will support the construction of a direct reduction iron plant, which together with a new electric arc furnace will …
EU approves Belgian state aid to ArcelorMittal for decarbonising production Read More »
By Victoria Klesty OSLO (Reuters) -Norway’s central bank raised its key policy rate by 50 basis points (bps) to a 15-year high of 3.75% on Thursday in a bid to curb inflation, and said it aimed for another hike in August, predicting the rate would rise to 4.25% during the autumn. The increase was bigger …
Norway central bank raises rate to 15-year high, with more to come Read More »
By Nikolaj Skydsgaard COPENHAGEN (Reuters) -A thyroid cancer safety signal was raised by the EU’s drugs watchdog last month over several Novo Nordisk drugs including semaglutide which is used in popular diabetes and obesity drugs Ozempic and Wegovy, the company said on Thursday. The European Medicines Agency (EMA) raised the safety signal, which is a …
Novo Nordisk says EMA raised safety signal on drugs, shares fall Read More »
(Reuters) -Transamerica owner Aegon on Thursday forecast a higher free cash flow and dividend in 2025, flagging untapped potential in the U.S and stepping up its strategy to invest in higher-return assets. The Dutch-listed insurer said it sees free cash flow of about 800 million euros ($878.96 million) in 2025, up from the 600 million …
Aegon bets on Transamerica to boost cash flow and dividend in 2025 Read More »
PARIS (Reuters) – President Macron hosts a summit in Paris starting Thursday to discuss reform of the world’s multilateral finance institutions in the face of climate change and other development challenges. A key topic of discussion will be suggestions from a groupof developing countries, led by Barbados, dubbed the ‘BridgetownInitiative’. The key demands of the …
Explainer-What is the ‘Bridgetown Initiative’ asking for at Paris summit? Read More »
By Shreyashi Sanyal (Reuters) -European shares slid to their lowest level in nearly three months on Thursday, with London stocks falling on uncertainty about the size of the Bank of England’s (BoE) interest rate hike later in the day. The pan-European STOXX 600 index fell 1.0%, eyeing a fourth straight session of decline, on fears …
European shares slide to near 3-month low on rate hike worries Read More »
By David Milliken LONDON (Reuters) -The Bank of England is set to raise interest rates for a 13th time in a row on Thursday, a day after inflation data came in higher than expected once again, with investors split on just how big the new hike will be. Economists polled by Reuters last week were …
Bank of England poised to raise rates after inflation shock Read More »
By Foo Yun Chee BRUSSELS (Reuters) – EU countries on Wednesday agreed to draft media rules aimed at safeguarding editorial independence, prompting publishers to complain that governments did not do enough to boost consolidation so media companies could compete with Big Tech. The European Commission produced the Media Freedom Act (MFA) last year to prevent …
EU countries back draft media rules, publishers want easier merger provisions Read More »
