LONDON (Reuters) – British energy regulator Ofgem’s price cap on average household energy bills will fall by almost 1,000 pounds to 3,280 pounds ($3,920.91) from April until the end of June, it said on Monday. The price cap is currently set at an annual level of 4,279 pounds for a dual-fuel household paying by direct …
LONDON (Reuters) – Britain may be heading for a recession but many of its citizens are heading for the sun and shopping accordingly, the finance chief of clothing retailer Primark’s owner said on Monday. After a tough 2022, British consumers are facing a further squeeze on their finances this year as the government cuts back …
FRANKFURT (Reuters) – Bayer said on Monday that investor Jeff Ubben has been appointed to join the drugmaker’s independent sustainability council. (Reporting by Ludwig Burger, Editing by Friederike Heine)
FRANKFURT (Reuters) – Bank lending to euro zone companies eased for the third straight month in January, as rising interest, an economic downturn and increased caution from lenders appear to be taking their toll, European Central Bank data showed on Monday. Lending to businesses in the 20 nation currency bloc expanded by 6.1% in January …
Euro zone lending growth slows further amid downturn Read More »
ROME, Feb 27 (Reuters) – Morale amongst Italian businesses was steady in February, while consumer confidence rose, data showed on Monday. National statistics institute ISTAT’s manufacturing confidence index was unchanged at 102.8 this month. The January figure was previously given as 102.7. ISTAT’s composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, …
Italy business confidence steady, consumer morale rises in Feb Read More »
(Reuters) – Retailers pulled European shares higher on Monday, after their worst weekly performance this year on worries of higher interest rates for longer in the United States and the eurozone. The pan-European STOXX 600 index added 0.8% by 0811 GMT, after falling 1.4% last week. U.S. inflation data came in hotter than expected fuelling …
BERLIN (Reuters) – Tesla’s plant in Brandenburg near Berlin is now producing 4,000 cars per week, the company said on Monday, three weeks ahead of schedule according to a recent production plan reviewed by Reuters. Output from the plant is now a third of Model Y output in Shanghai, where Tesla planned to keep an …
Tesla’s German plant hits 4,000 cars per week ahead of schedule Read More »
BERLIN (Reuters) -The majority of flights at Germany’s Duesseldorf and Cologne Bonn regional airports were grounded by a 24-hour strike by the Verdi trade union on Monday, the airports said. The Duesseldorf airport on Monday said only 89 flights of a planned 330 were taking place while 29 were diverted to other airports and seven …
Strikes at German regional airports ground majority of flights Read More »
(Reuters) – The Swedish defence products maker Saab has received an order for defence equipment worth 8 billion Swedish crowns ($767.54 million), the company said on Friday. Saab had signed a framework agreement with a government of a Western country, it said, with orders for a series of defence systems, including Saab’s Carl-Gustaf multi-purpose shoulder …
Saab gets $768 million order for defence equipment Read More »
(Reuters) – Twitter Inc has laid off at least 200 employees, or about 10% of its workforce, the New York Times reported late on Sunday, in its latest round of job cuts since Elon Musk took over the micro-blogging site last October. The layoffs on Saturday night impacted product managers, data scientists and engineers who …
