LONDON (Reuters) -Building materials company Travis Perkins expects British housing market weakness to hit profit this year, it said on Friday in the latest warning sign that rising interest rates are beginning to squeeze homeowners. The company said that rising mortgage rates and high inflation have prompted the construction industry to hold back from building …
Travis Perkins expects housing market woes to hit profit Read More »
By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM (Reuters) -Intel is to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe to build chip capacity, it said on Friday. The U.S. chipmaker last year announced plans to build a …
Intel to invest $4.6 billion in new chip plant in Poland Read More »
BRUSSELS (Reuters) – Euro zone consumer inflation sharply decelerated in May, the European Union’s statistics office confirmed on Friday, with the core price growth measure, watched closely by the central bank, also slowing. Eurostat confirmed its earlier estimates that consumer in the 20 countries did not change at all month-on-month in May resulting in a …
Euro zone May inflation confirmed at 6.1% yr/yr, core eases Read More »
LONDON (Reuters) -The British public’s expectations for inflation in the coming 12 months cooled in May, according to a Bank of England survey on Friday that also showed net satisfaction with the central bank hit its lowest level since records began in 1999. The BoE’s quarterly inflation attitudes survey showed expectations for inflation in the …
UK public’s inflation expectations ease in May, Bank of England survey shows Read More »
By Giulio Piovaccari MILAN (Reuters) – Italian electric-vehicle startup Aehra on Friday unveiled its new, European-made sedan which will serve the high-premium market segment and which joins the firm’s sport-utility vehicle which was first displayed late last year. Both models will start production in 2026, Aehra said. They will be priced in the 160,000 to …
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WARSAW (Reuters) – Polish Prime Minister says Intel’s new semiconductor assembly and test facility near Wroclaw, western Poland, will the biggest greenfield investment in the country and that he hoped it would attract other investors. Intel announced on Friday it will invest up to $4.6 billion in the new facility as part of a multi-billion-dollar …
Intel facility is largest greenfield investment in Poland, PM says Read More »
By James Davey and Sarah Young LONDON (Reuters) -Tesco, Britain’s biggest retailer, said the country’s food inflation was starting to ease, signalling some relief for squeezed shoppers and the wider economy as the group reported a 9% rise in underlying quarterly UK sales. “We do believe that we’re past the peak inflation,” CEO Ken Murphy …
(Reuters) -German Finance Minister Christian Lindner said there were many member states that share Germany’s position on reforms to the European Union’s debt rules, ahead of a finance ministers meeting in Luxembourg on Friday to discuss the issue. “We need common rules that are the same for everyone. We need a reliable path to lower …
Germany has support of many states on debt rules – Finance Minister Read More »
FRANKFURT (Reuters) -The European Central Bank needs to keep raising interest rates, policymakers said on Friday, reaffirming the bank’s stance after fresh projections showed that inflation is even more stubborn than feared. The ECB raised interest rates to 22-year high of 3.50% on Thursday and said it would move again in July, continuing what has …
LONDON (Reuters) – The Bank of England will launch an exercise very soon to test how non-bank financial institutions’ react to market stress, senior BoE regulator Sarah Breeden said on Friday. “The Bank is very shortly launching its exploratory exercise to enhance understanding of the risks to and from non-banks, their behaviours, and how these …
BoE to quiz non-banks over market risks soon – FPC’s Breeden Read More »
