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BERLIN (Reuters) – German manufacturing activity continued to shrink overall in February but output rose for the first time in nine months as supply-chain bottlenecks showed signs of easing, a survey showed on Wednesday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell to 46.3 …

German manufacturing activity remains weak in Feb but some encouraging signs -PMI Read More »

PARIS (Reuters) – Activity in France’s manufacturing sector declined in February, after stabilising the previous month, due in part to worsening export demand, a survey by S&P Global showed on Wednesday. “Moderate declines in December and January provided some hope that the worst was behind us, but the latest results throw this into doubt,” said …

France’s manufacturing sector shrinks in Feb as export demand weakens -PMI Read More »

ROME (Reuters) – Growth in Italy’s manufacturing sector gathered speed in February, helped by a rise in output and a return to expansion of new orders as inflation fears recede, a survey showed on Wednesday. The S&P Global Purchasing Managers’ Index (PMI) for Italian manufacturing came in at 52.0, up from 50.4 the month before …

Italy’s manufacturing sector sees growth pick up in Feb -PMI Read More »

By Mathieu Rosemain PARIS (Reuters) -Euronext has withdrawn its 5.5 billion euro ($5.8 billion) indicative offer to buy fund distribution firm Allfunds, boosting the exchange operator’s shares while sending Allfunds’ lower. Euronext, home to the Paris, Amsterdam and Milan stock exchanges, did not say why it had dropped the cash-and-shares bid, but a source close …

Euronext pulls $5.8 billion offer to buy Allfunds Read More »

(This Feb. 28 story has been corrected to say that preliminary estimate contracted by 0.6%, not a growth, in paragraph 2) By Johan Ahlander STOCKHOLM (Reuters) – Sweden’s economy fared worse than previously thought in the fourth quarter of 2022 as inflation and the war in Ukraine hit households and businesses, figures from the Statistics …

Sweden’s economy shrank more than expected in Q4 as cost of living crisis hit Read More »

WASHINGTON (Reuters) -The head of European planemaker Airbus criticized the U.S. Inflation Reduction Act on Tuesday, saying the law could make it more difficult for the European Union to accelerate its own decarbonization efforts. Airbus Chief Executive Guillaume Faury said the law, which boosts U.S. investment in renewable energy products, “is destabilizing the level playing …

Airbus slams US Inflation Reduction Act for challenging European aerospace firms Read More »

By Foo Yun Chee BRUSSELS (Reuters) -The European Parliament has banned TikTok from staff phones, following in the footsteps of two top European Union policymaking institutions and underlining the mounting unease over the Chinese short video-sharing app and who accesses its user data. The European Commission and the EU Council last week banned TikTok from …

European Parliament latest EU body to ban TikTok from staff phones Read More »

(Reuters) – UK Chancellor Jeremy Hunt is examining plans to protect British families from a rise in energy bills by reversing a planned cut in subsidies, the Financial Times reported on Tuesday. Officials confirmed to the Financial Times that the government’s plans to lift the level of support in April was under review and could …

UK treasury looking at U-turn on planned cut to UK energy subsidies, Financial Times reports Read More »