FRANKFURT (Reuters) – Euro zone inflation accelerated last month but underlying price growth eased unexpectedly, adding to arguments for a smaller interest rate hike at the European Central Bank’s regular policy meeting on Thursday. Inflation has slowed sharply from double-digit readings late last year but remains far too high, making another rate hike a necessity …
Euro zone inflation picks up but core unexpectedly slows Read More »
PARIS (Reuters) -A French appeals court rejected on Tuesday a complaint filed by minority shareholders against the terms of a government buyout of power giant EDF , paving the way for a full nationalisation of the company. The court of appeals “rejected all of the plaintiffs’ demands,” according to a document summarizing the ruling seen …
French appeals court clears govt’s buyout of EDF Read More »
By Shubham Batra (Reuters) -European shares fell on Tuesday as markets opened after the Labour Day weekend, with a drag in oil and gas stocks offsetting gains from banking shares. The pan-European STOXX 600 index fell 0.3%, with oil and gas shares dropping 1.6%, tracking oil prices lower on weak economic data from China and …
European shares fall as oil declines overshadow bank gains Read More »
FRANKFURT (Reuters) -Euro zone banks tightened access to credit even as demand for it from households and companies collapsed, European Central Bank data showed on Tuesday, in a fresh sign that higher borrowing costs are taking a toll on the economy. The ECB’s Bank Lending Survey (BLS) for the first quarter and lending data for …
Euro zone banks tighten credit even as demand for it collapses – ECB Read More »
(Reuters) -Hundreds of lawsuits have been filed over the terms of an emergency deal to save Swiss lender Credit Suisse by selling it to its bigger rival UBS, a Swiss court has said. The 3 billion Swiss franc ($3.35 billion) rescue, hammered out over a March weekend amid turmoil in the global banking sector, upended …
Factbox-Lawsuits lodged over state-backed Credit Suisse takeover Read More »
By Scott Murdoch, Niket Nishant and Chris Prentice (Reuters) -Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co on Monday, in a deal to resolve the largest U.S. bank failure since the 2008 financial crisis and draw a line under a lingering banking turmoil. First Republic was among regional U.S. …
Regulators seize First Republic Bank, sell assets to JPMorgan Read More »
(This April 28 story has been refiled to remove repeated word in paragraph 1) By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) – As recently as February, generative AI did not feature prominently in EU lawmakers’ plans for regulating artificial intelligence technologies such as ChatGPT. The bloc’s 108-page proposal for the AI Act, published two …
Behind EU lawmakers’ challenge to rein in ChatGPT and generative AI Read More »
AMSTERDAM (Reuters) – Employees of the largest labour union in the Netherlands, FNV, on Monday said they will go on strike to force the union itself to pay them higher wages. The union workers said their employer had missed a May 1, International Workers’ Day, ultimatum to increase its wage offer for the coming years. …
Dutch labour union workers strike to force union to better deal Read More »
(Reuters) – Berlin-based e-scooter operator TIER Mobility is working with bankers at Qatalyst Partners for a potential merger or sale with a rival, Sky News reported on Monday. The talks come months after TIER was said to be working with Rothschild to raise hundreds of millions of pounds of additional funding, the report added. The …
European e-scooter operator TIER Mobility explores merger – Sky News Read More »
By Giuseppe Fonte and Alvise Armellini ROME (Reuters) -Italy’s right-wing government on Monday approved measures to boost job creation and workers’ pay, amid hostile reactions from unions and opposition parties over accompanying welfare cuts and looser rules on short-term job contracts. Prime Minister Giorgia Meloni made it easier for firms to offer job contracts lasting …
Italy approves May Day labour package amid union criticism Read More »
